Finance & Budgeting

Who Should Attend:

• Newly Appointed staff
• Junior and Senior  staff who needs to update their Technical Banking Knowledge

Course Objectives

What will you gain ?

• Understand the work process of a bank’s different departments
• Get a clear understanding of all the banking terms, work processes and how each department operates
• Understanding Banking Environment and Culture
• Learn about the banking industry as a whole
• Gain an in-depth knowledge of Credit system, L/Cs, L/Gs and all the relevant information pertaining to each and every banking process.

Course Content

• Central Banks
• Fields of control
• Means of control
• Deposits and Banking Accounts
• Current – saving – deposits
• (KYC) Know your customer standards
• Checks
• Parties , crossed checks , endorsement
• Power of Attorney
• Master and visa cards
• Parties – charges – security marks – authorisation
• Reconciliations – statements – services

• Introduction to Credit Banking
• Types of Credit
• The main elements of the credit policy
• Credit analysis
• MARS +
• Customers Interview
• Asset Conversion Cycle
• The financial statements analysis
• Financial Rat

• L/Cs
• International Payment Tools
• Advance payment – Open accounts – Collections – L/Cs
• Avalized drafts
• L/Cs parties
• Irrevocable / confirmed L/C
• Transferrable L/C
• Back to Back L/C
• Revolving L/C
• Standby L/C
• Assignment of proceeds
• Terms of Delivery
• Shipping documents
• Partial shipments
• Trans-shipments
• Allowances
• Types of payment

• L/Gs
• L/Gs parties
• Characteristics
• Elements
• Obligations and commitments
• Forms
• Types
  • Bid Bond
  • Performance Bond
  • Advance Payment Bond
  • Retention Bond
  • Shipping Guarantee
  • External Guarantee
• Amendments

• S.W.I.F.T
• The forms MT700…799
• MT400…499
• MT200…299
• Foreign Exchange Rates
• Customers , staff , Bank Note , Special , Book and Cross rates
• Nostro and Vostro Accounts
• Bankers Drafts
• Remittances
• Travel checks
• Purchasing checks