Treasury Back Office of SIBL has been functioning successfully having a sufficient/good number of skilled officials headed by Senior Vice President who has a long experience in this business line.
As an integral part of bank's treasury management Treasury Back Office checks, confirms, settles and reconciles the foreign Exchange deals conducted by the Treasury front Office. With a view to prevent unauthorized Foreign Exchange dealings, minimize the potential error and fraud involved in dealings Treasury Back Office ensures check and cross check at each and every level of dealings. Treasury Back Office also places information related to the following functions before the management of the bank on a regular basis.
Management has been giving utmost importance to the functioning of treasury operations both Front & back Office i.e. from dealing, LC settlement, export proceeds, Reconciliation etc as it has always been considered as an important avenue for generating income of the bank.