INTRODUCTION
Trade finance represents the financial instruments and products that are used by companies to facilitate international trade and commerce. ... Trade finance can help reduce the risk associated with global trade by reconciling the divergent needs of an exporter and importer.
The International Trade and Finance training Course develops the appropriate technical knowledge and skills required to enable you to apply that knowledge to situations within the workplace. The qualification provides a core understanding of the products, documents, trade terms, roles and responsibilities that underpin international trade and finance
The Course also develops an understanding of contemporary international trade and finance topics such as sustainability, digital disruption and innovation, ensuring that Participants have relevant and up-to-date knowledge for the industry.
By completing this course you will improve your knowledge of the products, documents, trade terms, roles and responsibilities that underpin international trade and finance. The Course also helps you develop a basic understanding of fraud prevention and risk in trade finance.
OBJECTIVES
Delegates of this Certificate in International Trade and Finance (CITF) course will gain a practical understanding an working knowledge of:
A payment, negotiation, acceptance, confirmation and deferred payment credits
The UCP-ICC
600 rules
International documentation
Standbys and international guarantees
Back to back, front to back and event-triggered finance
The mechanics of discounting, forfaiting and factoring
Pre-shipment and pre-export risk assessment
International contract financing
Marketing trade finance internal and external
WHO SHOULD ATTEND ?
Certificate in International Trade and Finance (CITF) course is perfect for:
Those seeking a professional international trade and finance course and aspiring to work within an area dealing with trade finance
This International Trade Finance training course is suitable for all delegates that are interested in contemporary trade finance and is aimed at improving the communication between credit managers and trade finance managers.
COURSE OUTLINE
Day 1
What is Trade Finance?
Benefits of trade finance to businesses and banks
Introduction to the trade cycle
Collections and international documentation
Payment, acceptance and negotiation modes of funding
A closer look at negotiation under new ICC 600 rules
Deferred payment letters of credit
Confirmations silent/straight and soft
Red clause L/Cs their mechanics and risks
The utilisation of non-operative clauses as a risk mitigation technique
Deferred payment L/Cs in oil trading
High risk countries and the red clause transferable bulk L/C
Day 2
International Demand and Contract Guarantees / Bonds
Scope and Application an introduction (suretyship v. demand guarantee)
Indemnities versus guarantees
Different types - Bid, Performance, Advance payment, Warranty and Retention bonds
Rules governing guarantees and bonds
Legal jurisdiction and expiry date issues
Value of using URDG 758
ICC Rules for demand guarantees
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Day 3
The Essential Differences Between Guarantees and Standby L/Cs
Guarantees in trade finance
Case studies and examples of performance bonds, bid bonds, retention money guarantees and advanced payment guarantees
The mechanics of standby contemporary issues
Case study: Defining the products by example
THE HYBRID: A practical case study reviewing the risks inherent in the conditional guarantee and standby being utilised as payment mechanisms
Forfaiting and Factoring
Single receivable forfaiting market
Mechanics of forfaiting
The political risk reality of forfaiting
Forfaiting deferred payment L/Cs
Contemporary models
Forfaiting and factoring compared
Forfaiting interest calculations
Jumbo L/C risk sharing, sales and distribution
Structured single export
Day 4
Import / Export Documentary Collections
Principal parties roles and responsibilities
Benefits to importers and exporters of Documentary Collections
Relationship between principal and bank(s)
Role of banks (incl. correspondent banks/agency arrangements)
Legal and practical issues re the duties of the banks involved in handling collections
Conditions for release of documents
Procedures for Protest of Bill of Exchange (B/E) and underlying risks
Complexities of the ICC Uniform Rules for Collection (URC 522)
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Impact of non-bank competitors COFACE, Euler Hermes
Day 5
Structured Pre-export Finance
The fundamental principles of "tolling" finance deals
Case studies in securitisation and pre-export finance structures
Timing and an introduction to option financing
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
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DOCUMENTATION
LONDON
Oxford Street Offices:
London - Oxford Street
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
CERTIFICATES
West London Office: 47 49 Park Royal Road
London NW10 7LQ
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
+44 (0) 20 80 900 464
info@lpcentre.com
DUBAI Business Bay - Marasi Drive
Churchill Tower commercial 1, Office 107
+971 4 421 4616
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
KUALA LUMPUR
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds.
For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor +60 19-305 5694
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
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