The word money market is a general term for the markets in which banks/FIs lend and borrow money or money equivalent from each other like call money, term placement, commercial papers or similar instruments or enter into agreement such as Repo and Reverse Repo for managing day to day liquidity as well as profit making. This market normally trades in maturities up to one year. It provides short to medium term liquidity. Essentially this market is for short -term financial assets that are close substitutes for money.

The function of Treasury is to optimize liquidity as well as capital of the Bank while administering the financial assets. Treasury is also responsible for making sound financial investments with the available fund while reducing financial risks by being responsible for measuring and monitoring all risks associated with the Bank’s domestic and Foreign Exchange exposure, local and foreign currency liquidity, asset liability management and overall management of the Balance Sheet.

• Loan Limit: Maximum loan limit is BDT 2 Crore.
• Tenure: Maximum 15 years including moratorium period subject to fulfillment of age Limit.
• Moratorium Period: 15 months. 
• Processing Fee: Nil.

Foremost Features

• Any Bangladeshi senior citizen with minimum 60 years of age can open this account.
• Interest payment on monthly basis.
• Interest will be applied on monthly average balance.

Deposit Facility

• Attractive interest rate on FDR / Trust Echo.
• Opening of FDR / Trust Echo with minimum Tk.

• Customer Segment: Confirmed Defense Officers having 4 years of unexpired service with supporting cash flow to repay the investment installment.
• Purpose: For purchasing house hold items for personal/family use.
• Financing 80% of the cost of the item is allowed
• Maximum age: Max in conformity with retired age (having one year of unexpired service length ahead of investment tenor).
• Investment size: Tk.

• Mode of Investment: Hire Purchase Under Shirkatul Melk (HPSM)
• Maximum Investment size:Tk. 5.00 lac for General Practitioner and Tk.10.00 lac for specialized Doctors.
• Minimum Down Payment: 20%
• Tenor: Maximum 48 months.
• Investment Burden Ratio (IBR %):40% of Net Monthly Income.