Finance & Budgeting

Who Should Attend:

• Staff working in the Corporate Department
• Staff working in the Trade Finance Department (with less than 2 years of experience)
• Credit/Risk Officers
• Relationship Managers
• Professionals working in Trade, Export and Commodity Finance

Course Objectives

• To get the staff from the Corporate and Trade Finance Department to learn all about the International Payment Methods, Document Collection, L/Cs, L/Gs
• Give a comprehensive insight about the operations in the respective departments
• A systematic approach to assess and manage the international trade.

What will you gain ?

• Understand the work process and its connection with other departments
• Identify financing needs and structuring solutions to meet the clients’ needs
• Gain a thorough understanding of the Risks and Solutions
• Comprehend the types of payment methods involved in international trade
• Learn all about UCP 600 and ISBP 681 and apply these in your area of work
• Understand  what L/Gs are.

Course Content

• International payment tools
• Advance payment
• Open Account
• Documents for collection
• Avalized Drafts
• Letters of Credit
• Issuing of L/C
• Utilisation
• Forms of L/C
• Confirmed L/C
• Transferrable L/C

• Back to Back Revolving and Standby L/C
• Assignment of Proceeds
• INCO Terms 2010
• Partial shipments
• Tolerance
• Transshipment
• Types of payment
• Shipping documents

• UCP 600
• Rules
• Applications

• ISBP 681
• Rules
• Applications
• Case studies
• Groups activities

• 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.