Course objective: The objective of this program is to expose participants to the dynamics of the financing of international trade. Emphasis is placed on the risks involved in finance of international trade and how to mitigate them.
Duration – Two days
Target Group
Corporate Relationship Managers, Credit and Risk Management Executives, Trade, Export/Import Managers, Operations Managers
How you will benefit by attending this program
By attending this program, you will understand:
- The critical issues in trade finance as an alternative to balance sheet funding
- The International Chamber of Commerce’s set of rules for Documentary Credits (Uniform Customs and Practice [UCP 600]); Basic operations and risk application, Sight and term, negotiation and deferred payment credits
- The International Chamber of Commerce’s set of rules for Documentary Collections (Uniform Rules for Collections [URC 522]); types of letters of credit and finance mechanics, Red clause credit and Green clause credit; back to back and transferable credits and the risk and control features
- Standby credits
- Legal jurisdiction and expiry issues