2.6.5 Payment procedures of FD. MT. & PO. Drawn on Southeast Bank Ltd: The above investments that are drawn on Southeast Bank Ltd Foreign Exchange Corporate Branch may be paid on the spot before making payment the following procedures to be observed by the authorized dealer:
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To obtain Form-C.
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To verify the signatures of the instrument.
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To convert the foreign currency into Bangladesh TK. with O.D. (On Demand Transfer)
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Buying rate prevailing on the date.
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To make entry in TTs, drafts & Mails received register.
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To prepare FET schedule and to send first five copies of FET along with vouchers to international division, Head Office, Dhaka.
Payment procedure of T.T.: • To verify the 'test number'. • To inform the beneficiary for submission of "Form - C". • To confirm from issuing bank or reimbursing bank. • To covert of foreign currency into Bangladesh currency with T.T. • To make entry in T.T.s, drafts, M.T.s, received registration. • To prepare vouchers. • To prepare FET schedule. Purchase of Drafts & Cheques: Authorized dealer may purchase drafts & cheques which are not drawing on SOUTHEAST Bank Ltd at the request of the beneficiary. Procedures of purchase are as below: • To obtain an application or undertaking from the beneficiary with 'Form – C’ • To verify the signature of the drafts (if possible). • To make entry in the register for drafts & T.C. purchased. • To convert foreign currency into Bangladesh currency.