The function of fixed income securities desk is to buy/sell government securities in both primary and secondary market. The basic responsibility of the desk is to participate in the Primary Auction of Government Treasury Bills and Treasury Bonds, enhancing market making capabilities for government securities amongst the market participants and ensuring deficit financing for Government’s Budgetary expenditure.

The functions of Foreign exchange dealing are highly specialized and complex in nature. The activities are therefore, been singled out for intense management attention. During the last couple of years, financial markets have undergone numerous changes with introduction of several exotic products and innovations by way of a range of new dealing platforms of service providers and counterparties as well. With shrinking margin elsewhere foreign exchange dealing operation has emerged as a major source of earning for banks, worldwide.

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.