International Trade Finance

Register Now

12-13 Jun 2014 London

Early Bird offer until 30 Apr £1795 + VAT.

Regular price £1995 + VAT. 5% discount for 2 and 10% for 3 delegates

Course Description

This intensive 2 day course has been tailored for professionals in banking, commerce and trade and industry who need to gain a closer understanding of International Trade Finance.   

The course provides a comprehensive foundation of all aspects of International Trade Finance in a global context covering the key concepts, practices and current developments. 
 
This course will be of special interest to banking and commercial professionals, who wish to expand their knowledge base, enhance their expertise and advance their careers into the international trade finance arena.

What Will You Learn

By the end of this course you will have a sound understanding of: 

  • Foreign exchange & currency principles
  • The underlying operations and processes in the international trade environment
  • How trade finance is provided
  • Trade finance instruments 
  • International payments
  • Supply Chain Finance

Main Topics Covered During This Training

  • Introduction to International Trade Finance
  • Using collateral to manage credit risk
  • Pre and post-shipment Trade Finance Instruments
  • Sources of trade finance
  • Loan syndication 
  • International Trade Payment Instruments
  • Preparing documentation
  • International Payment Systems
  • Supply chain finance

Who Should Attend

The course will be of value to professionals in the following areas:

  • Commercial bankers from front/middle/back offices
  • Commercial bankers dealing with the Forex market
  • Trade finance practitioners
  • Trading company managers, senior and operations staff
  • Risk managers and risk management officers
Register Now

12-13 Jun 2014 London

Early Bird offer until 30 Apr £1795 + VAT.

Regular price £1995 + VAT. 5% discount for 2 and 10% for 3 delegates

Group discounts: 5% for 2 and 10% for 3 people. Delegates have to be from the same company and register at the same time.

International Trade Finance - 2 Day Course Programme

Introduction to Trade Finance

  • Why international trade finance is important
  • The building blocks of International Trade
  • What is different about international financial management?
  • Foreign Exchange risk
  • Multinational enterprises and their types


The International Monetary System

  • A brief history of international financial systems
  • Floating exchange rates
  • European Monetary Union
  • Exchange rate systems
  • Fixed rates
  • Managed floats
  • Aspects of the ideal system
  • The impossible “Trinity”
  • Fixed vs floating rates


Introduction to Structured Trade Finance

  • Using collateral to manage credit risk
  • Why Structured Finance matters
  • Principles of collateralized finance
  • Secured Vs Structured Finance


Trade Finance Instruments

This section introduces the basics of trade finance.  We discuss how traditional techniques of pre- and post-shipment finance relate to financing forms such as forfaiting, countertrade, structured finance, Islamic finance, securitization etc.

  • Typical forms of international trade & commodity finance
  • International trade finance and trade payments
  • Tools of international trade finance (covering both pre-shipment and post-shipment finance)
  • Pre-shipment finance Instruments (such as bank overdrafts, term loans, credit lines, foreign currency denominated trade facilities, open local or international Letters of Credit, Leasing or hire/purchase arrangements, Guarantees)
  • Post-shipment finance Instruments (such as credit, draft negotiation, discounting, Letters of Credit, Documentary Collections)
  • Integrating pre- and post-shipment finance

 

Case Study: Using trade paper to finance domestic grain trade.

Sources of Trade Finance

  • We examine various sources of finance for international trade including: 
  • Supplier’s credit
  • Banks – local & international
  • Buyer’s credit
  • Export credit agencies
  • Multilateral financial institutions
  • Governments
  • Investment management companies


Loan Syndication

  • Types of syndication
  • The loan syndication process
  • Advantages of loan syndication


Operating Examples of Various Trade Finance Instruments

  • We examine detailed working examples of a range of Trade Finance Instruments. This includes;
  • Short-term pre-shipment financing (L/C-Based)
  • Medium-term pre-shipment financing with no bank guarantee (contract-based)
  • Construction financing for overseas plants in combination with an export  credit agency
  • Account receivable-based financing
  • Structured commodity financing

 

International Trade Payment Instruments

  • The underlying problems of international trade
  • Trade payment mechanisms and risk
  • Risks for exporter/seller of the different payment terms
  • Payment mechanism choices


We examine each instrument in depth; what it is, how it works, when one should use it, the advantages and disadvantages of each as well as  the risks

  • Open account
  • Real instrument or just a marketing ploy?
  • Payment/ cash in advance
  • Disadvantages to the exporter/ seller
  • Documentary collections
  • The role of banks
  • Detailed expose of the Documentary Collection process including detailed flow charts
  • Documentary collection variations
  • Documentary credits:
  • Documentary Credit process in detail
  • Banks and Documentary credits
  • Letter of Credit fraud
  • Country credit lines
  • The role that documents play
  • Problems caused by improper documents
  • Master Agreements and their uses
  • Shipper’s Indemnities
  • Revolving Letter of Credit
  • Letter of Credit costs
  • Stand-By Letters of Credit as a payment instrument
  • Documentation


International Payment Systems

  • How international payments are made
  • The purpose of a payment system
  • International payments characteristics
  • The payment process

 

Payments in US Dollars – CHIPS

We explore the CHIPS dollar payment system it terms of its day-to-day operations and settlements

Correspondent Banking

  • A survey of correspondent banking, what it is, its operations and how payments are settled
  • CLS and its role in settling international trade payments
  • Foreign exchange risk
  • How CLS operates


Supply Chain Finance

  • Supply Chain Finance - What it is
  • Buyer/ supplier payment dynamics
  • Payment terms and risk
  • Supply Chain finance in international trade
  • The challenges of the Letter of Credit
  • Trade settlement risk
  • Unbalanced trade terms


Supply Chain Finance example

  • Benefits
  • Funding options
  • Funding variations and new developments
  • Supply Chain Finance Vs Traditional methods
  • Pre-Export financing
  • Inventory financing
  • Post-Export financing
Stanley has an extensive experience in banking and IT specifically in operations, payments, RTGS and the operational risk aspects of banking in the UK, Europe, the USA, Australia and Southern Africa.
 
Commencing his career at the Standard Bank of South Africa he gained a thorough grounding in all aspects of banking ranging from the bank’s branch system, back-office payments processing. He was also closely involved in the development of electronic banking at the Standard Bank.
 
At a banking industry level he was involved in the creation and development of STRATE - Central Securities Depository in South Africa dealing with the dematerialization, clearing and settlement of all financial instruments. He also served as Vice Chairman of the South African Clearing Bankers Association’s ERAG Group - an interbank payments/operations risk initiative established to identify & eliminate operational, legal and other risks in electronic payments, and later as Chairman of the Payments Association of South Africa Operational Risk Committee.
 
On leaving South Africa he joined an international banking software house operating internationally. 
 
His bank operations, payments systems and clearing house experience includes working closely with organisations such as UNCITRAL, Deutsche Bank and CHIPS in New York; APACS, British Bankers Association, CLS and Barclays Bank in London; Crédit Agricole in France; UBS and Credit Suisse in Switzerland, the central bank in the Netherlands; Alpha Bank in Greece; the central bank in Romania; the central bank in Kazakhstan; Bank Leumi and the central bank in Israel and ANZ and Commonwealth Bank in Australia. 

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International Trade Finance <p>This intensive 2 day course has been tailored for professionals in banking, commerce and trade and industry who need to gain a closer understanding of International Trade Finance. &nbsp;&nbsp;</p> <div>The course provides a comprehensive foundation of all aspects of International Trade Finance in a global context covering the key concepts, practices and current developments.&nbsp;</div> <div>&n ... London