Satish Sadekar 🇮🇳 Email & Phone Number

Mumbai Area, India

Currently working with “IDBI BANK LTD from 19TH July 2010 as a Assistant Manager in the ‘Treasury - Trade Finance Forex Department in Import Section. IDBI Bank its Governments Owned Bank and form in Other type.Job Profile:-Handling the operational responsibilities within the team. ISSUANCE OF FOREIGN LETTERS OF CREDITCurrently handling, Issuance of Foreign Letters of Credit under Import Section.Accurately check documents drawn under letters of credit ensuring that they… Show more Currently working with “IDBI BANK LTD from 19TH July 2010 as a Assistant Manager in the ‘Treasury - Trade Finance Forex Department in Import Section. IDBI Bank its Governments Owned Bank and form in Other type.Job Profile:-Handling the operational responsibilities within the team. ISSUANCE OF FOREIGN LETTERS OF CREDITCurrently handling, Issuance of Foreign Letters of Credit under Import Section.Accurately check documents drawn under letters of credit ensuring that they are strictly in accordance with the terms and conditions of the Letter of Credit as well as all internal and external rules and regulations / UCP 600 / ISBP, International Chamber of Commerce (ICC) .Preparation of various SWIFT Messages as like MT700, MT707, MT999,etc.Scrutiny of Request letters of Foreign Letters of Credit. Generating Advices, Swift copies and mailing it to Customers and printing hard copies.Prepare and circulate FLC outstanding statement to the customers.Handling queries and complaints raised by Customers and Audit people.CORORATE IMPORT PAYMENTS (OUTWARD REMITTANCES)Handling all corporate import payments - Payments under LC, Payments in Advance, on Collection basis and Direct payments.Checking and verifying signature of all documents received from customers.Scrutiny of Import documents.Involved in Dealer pad checking , Booking rates with Treasury, in confirmation with customers through E-Blotter. Verification of Various Bills, like FTTO, FIBA, FIBC, FDDO etc.Tracking and Follow up with Clients for overdue Bills and Bill of Entries.Generating Advices, Swift copies and mailing it to Customers and printing hard copies. Preparation of various SWIFT Messages as likte MT103, MT202, MT199, MT412,799,999 etc.Booking, Franking & cancellation of forward contracts. ( TOM/SPOT and FORWARD contracts ) Ensure that the Forward Deal confirmations for the deals with counterparties have been sent out for their signatures. Show less

Mumbai, Maharashtra, India

Job Profile:-Ensure that the Forward Deal confirmations for all Interbank Forex trades, Merchant & Derivative trades deals with counterparties have been sent out for their signatures.Involved in Dealer pad checking. Counterparty deal limits updation.verification of documents like Board resolution, letter of credit. Past performance. Calculation of cancellation charges to bill counterparties, cancellation rates. Cancellationrates scan of booking and cancellation to avoid… Show more Job Profile:-Ensure that the Forward Deal confirmations for all Interbank Forex trades, Merchant & Derivative trades deals with counterparties have been sent out for their signatures.Involved in Dealer pad checking. Counterparty deal limits updation.verification of documents like Board resolution, letter of credit. Past performance. Calculation of cancellation charges to bill counterparties, cancellation rates. Cancellationrates scan of booking and cancellation to avoid deal discrepancy.Checking and processing of cancellation sheets with treasury trader reports to avoid Discrepancy for cancellation sheet not given or cancellation not done by taggers in the system.Drafting and sending mails regarding any discrepancy in deals to the taggers and customers.Checking in verifying signature of all documents received from customers.Follow up with Taggers and customers related to any discrepancy in the deal.Ensure that the confirmations for all Derivative trades dealt with counterparties have been sent out for their signatures by following up. Prepare and circulate the list of outstanding trade confirmation and documentation.Ensure that the confirmations sent out to counterparties are received duly signed by their Authorized signatories.Ensure that the processing section sends out duplicate copy of trade confirmation in duplicate, if any, as requested by the counterparty for non-receipt / loss of trade confirmation.Facilitate various treasury audits conducted by Statutory Auditors, SOX Audit, Concurrent and Internal auditors.Settling deals with Counterparties.Confirming Broker note in E-treasury.Keeping track with brokers regarding Broker note received or not.Filing forward deals, attaching broker notes and confos to respective forward deals after confirming in systems.Handling deals related queries & Support all new initiatives including system developmentDaily MIS reporting and adhere to adhoc reporting requirements. Show less

Mumbai, Maharashtra, India

ob Profile Treasury Settlements; Settlement of Inter Bank Forex USD/INR Deals through CCIL and RTGSSettlement of Inter Bank Cross Currency Deals through CLS and SWIFT Settlement of Merchant Transactions related to Forward Contracts Keep a check on our SGF (Settlement Guarantee Fund) and Securities maintained by CLS BankManual Payments of Cross Currency deals to Non-CLS Counterparties through SWIFTHandling RTGS payments related Forex, Money Market, Merchant and Derivatives… Show more ob Profile Treasury Settlements; Settlement of Inter Bank Forex USD/INR Deals through CCIL and RTGSSettlement of Inter Bank Cross Currency Deals through CLS and SWIFT Settlement of Merchant Transactions related to Forward Contracts Keep a check on our SGF (Settlement Guarantee Fund) and Securities maintained by CLS BankManual Payments of Cross Currency deals to Non-CLS Counterparties through SWIFTHandling RTGS payments related Forex, Money Market, Merchant and Derivatives TransactionsInterest /Back valuation Claims handlingProviding data for Audit and Management requirementsTreasury Settlements Settlement of Inter Bank Forex USD/INR Deals through CCIL and RTGS Settlement of Inter Bank Cross Currency Deals through CLS and SWIFT  Settlement of Merchant Transactions related to Forward Contracts  Keep a check on our SGF (Settlement Guarantee Fund) and Securities maintained by CLS Bank Manual Payments of Cross Currency deals to Non-CLS Counterparties through SWIFT Handling RTGS payments related Forex, Money Market, Merchant and Derivatives Transactions Interest /Back valuation Claims handling Brokerage reconciliations and payments Ensuring Proper funding for Vostro Accounts deals MIS reporting on Treasury Suspense Account, Stamp Account and Internal RBI Account Records and data management Providing data for Audit and Management requirements Handling queries and complaints Show less