This course systematically analyses the various types of trade finance products including how and why they are used, the benefits they provide to exporters/importers, how they are structured and why they enable risk to be identified, managed, mitigated and transferred. A wide variety of trade products will be explained including Documentary Collections, Letters of Credit in their various forms, Bonds/Guarantees/Standby Letters of Credit and the numerous ways in which trade finance is provided, both pre and post shipment.
The course will also examine how trade finance differs from other forms of lending and the attractiveness of trade products to corporates as a form of working capital finance and also to banks, both in terms of broadening client relationships and in the cost effective use of their balance sheet.
- A broad understanding of the full range of trade finance products
- How trade products can be appropriately structured to meet the specific needs of the buyer and seller (and the banks providing them)
- Using trade products to increase international business in a safe way via risk identification and mitigation techniques
- How risks can be transferred between parties
- The benefits of trade finance over other forms of finance (for a corporate and a bank)
WHO SHOULD ATTEND?
The target audience is varied including bankers working in client relationship, transaction banking sales & product areas and credit & risk roles and also corporate professionals who require a working knowledge of trade finance.
CERTIFIED TRADE FINANCE SPECIALIST CERTIFICATION
The International Academy of Business and Financial Management is one of the world’s fastest growing professional associations with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria.
The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.
- Length 5 days
- Industry Finance & Accounting
- Prerequisites Attendance
- Association IABFM - International Academy of Business and Financial Management
- Language English
- This program is worth
Part 1 – THE FUNDAMENTALS OF TRADE FINANCE
– Key components of international trade
– Key documentation
Part 2 – INTRODUCTION TO TRADE PRODUCTS
– Documentary Collections
– Documentary Letters of Credit in a “vanilla” form
Part 3 – MORE COMPLEX FORMS OF LETTERS OF CREDIT
– Irrevocable Reimbursement Undertakings
– Deferred Payment Letter of Credit
– Revolving Letters of Credit
– Back-to-Back and Transferable Letter of Credit
– Standby Letter of Credit
– Bank Guarantees and Bonds
Part 4 – DIFFERENT MECHANISMS TO OBTAIN TRADE FINANCE
– Warehousing Finance
– Supply Chain (Receivables) Finance
– Pre-Export Finance
– Post-Export Finance
– Import Finance
Part 5 – EXTERNAL AGENCIES AND INFLUENCES
-0 External Agencies
– Regulatory Changes
Part 6 – EXAMINATION