Establishment Bangladesh Bank, the central bank and apex regulatory body for the country's monetary and

financial system, was established in Dhaka as a body corporate vide the Bangladesh Bank Order, 19 ! "#$O$ %o$ 1! of 19 !& with effect from 1'th December, 19 1$ (t present it has ten offices located at )oti*heel, +adarghat, ,hittagong, -hulna, Bogra, .a*shahi, +ylhet, Barisal, .angpur and )ymensingh in Bangladesh/ total manpower stood at 0911 "officials 29'1, subordinate staff 993& as on %ovember 23, !31!$ Functions BB performs all the core functions of a typical monetary and financial sector regulator, and a number of other non core functions$ 4he ma*or functional areas include 5 6ormulation and implementation of monetary and credit policies$ .egulation and supervision of banks and non7bank financial institutions, promotion and development of domestic financial markets$ )anagement of the country's international reserves$ 8ssuance of currency notes$ .egulation and supervision of the payment system$ (cting as banker to the government $ )oney 9aundering #revention$ ,ollection and furnishing of credit information$ 8mplementation of the 6oreign exchange regulation (ct$

)anaging a Deposit 8nsurance +cheme $

1. Cheque is an instrument in writing

( che:ue must be in writing$ 8t can be written in ink pen, ball point pen, typed or even printed$ Oral orders are not considered as che:ues

2. Cheque contains an unconditional order

;very che:ue contains an unconditional order issued by the customer to his bank$ 8t does not contains a re:uest for payment$ ( che:ue containing conditional orders is dishonoured by the bank$

3. Cheque is drawn by a customer on his bank

( che:ue is always drawn on a specific bank mentioned therein$ ,he:ue drawn by stranger are of no meaning$ ,he:ue book facility is made available only to account holder who are supposed to maintain certain minimum balance in the account$

4. Cheque must be signed by customer

( che:ue must be signed by customer "(ccount holder& $ <nsigned che:ues or signed by persons other than customers are not regarded as che:ue$

5. Cheque must be payable on demand

( che:ue when presented for payment must be paid on demand$ 8f che:ue is made payable after the expiry of certain period of time then it will not be a che:ue$

. Cheque must mention e!act amount to be paid

,he:ue must be for money only$ 4he amount to be paid by the banker must be certain$ 8t must be written in words and figures$

". #ayee must be certain to whom payment is made

4he payee of the che:ue should be certain whom the payment of a che:ue is to be made i$e$ either real person or artificial person like *oint stock company$ 4he name of the payee must be written on the che:ue or it can be made payable to bearer$

$. Cheque must be duly dated by customer o% bank

( che:ue must be duly dated by the customer of bank$ 4he che:ue must indicate clearly the date, month and the year$ ( che:ue is valid for a period of six months from the date of issue$

&. Cheque has 3 parties ' (rawer) (rawee * #ayee

1$ Drawer 5 ( drawer is a person, who draws a che:ue$ !$ Drawee 5 ( drawee is a bank on whom a che:ue is drawn$ 2$ #ayee 5 ( payee is a person in whose favour a che:ue is drawn$

(e%inition o% +,oan -yndication+

4he process of involving several different lenders in providing various portions of a loan$

9oan syndication most often occurs in situations where a borrower re:uires a large sum of capital that may either be too much for a single lender to provide, or may be outside the scope of a lender's risk exposure levels$ 4hus, multiple lenders will work together to provide the borrower with the capital needed, at an appropriate rate agreed upon by all the lenders$