Financial Institutions

Other Functions

• Negotiation on behalf of the bank all correspondent banking arrangements, principal clearing account and trade business.
• Formulate and manage the country limits and bank lines.
• Act as a focal point to manage existing or potential relationships with banks and all the institutions outside Bahrain.
• Act as a liaison between operating departments and correspondent banks with the aim of availing the latest correspondent services to the bank and educating operations staff on the procedures required by correspondents in order to ensure an efficient and cost effective transactional flow.
• Review the Bank's schedule of terms and conditions for correspondent banks on yearly basis and make necessary adjustments in line with competition.
• Arrange to open Nostro A/C's in co-ordination with the respective department in BisB and accordance to the bank's need.
• Conduct studies on Nostro Services offered by various banks and recommend the best offer.
• Review and evaluate the cost of our existing Nostro accounts.
• Review all master agreements such Murabaha and Wekala.
• Review inter-bank limits provided by correspondent banks and liaise with treasury to make joint efforts to increase the same.
• Assist in the preparation of Target Market Study and in setting up the business plan.
• Activity monitor market trends and competitors' activity by maintaining adequate level of contact and keeping track of developments and major events.
• Source structure and arrange large ticket credit facilities for FIs and Government bodies.