Global Business Management

Courses in Trade Finance

1. Letters of Credit

  • Operations
  • Letters of credit
  • Definition of an L/C

2. Duties & Responsibilities of

  • Issuing/advising bank
  • Confirming/negotiating bank
  • Reimbursing bank

3. Types of Letters of Credits

  • Revocable/Irrevocable
  • Confirmed L/C
  • Red-Clause L/C
  • Revolving L/C
  • Transferable L/C
  • Back-to-Back L/C
  • Standby L/C

4. L/C Application - Key Terms

  • Shipment terms
  • Transport documents
  • Description of goods
  • Transshipment/partial shipments
  • Special conditions

5. L/C Negotiation

  • What to look out for when L/Cs are received

6. Shipping Documentation

  • Drafts/invoice
  • Packing list
  • Bills of lading/air waybill
  • Insurance certificate
  • Inspection certificate
  • Certificate of receipt
  • Compliance with UCP 500
  • Documentation checklist

7. Common Discrepancies

  • How to handle discrepancies
  • UCP 500 & other payment methods

8. Uniform Customs & Practice for Documentary Credits

  • The latest revisions
  • Implications
  • Summary

9. Other Methods of Settlements

  • Advanced payment
  • Open account
  • Collections

10. IncoTerms 2000

  • Exporter/importer obligations
  • Guarantees
  • Tender bonds
  • Performance bonds
  • Retention bonds
  • Advance payment guarantee
  • Customs bond
  • Shipping guarantee

11. Legal Framework

  • Responsibilities of banks to customers
  • Implication of independence of credit from goods
  • Effect of fraud on bank’s obligations under credits
  • Financing of imports & exports & managing trade risks

12. Financing Products/Instrument

  • Trust receipts/bills purchase
  • Bills discounting
  • Banker’s acceptance
  • Factoring/forfeiting
  • Warehouse financing
  • Packing credit

13. Risks Encountered By Buyers/Sellers

  • Performance risk
  • Commercial fraud
  • Exchange rate risk
  • Interest rate risk
  • Government regulations
  • Political risks
  • Non-acceptance risks
  • Transportation risk
  • Non-payment risk

14. Risks Encountered In Trade Finance Products

  • Collections/trust receipts
  • Documentary credits
  • Back-to-back credits
  • Revolving credits
  • Red-clause credits
  • Trust receipts
  • Measures to mitigate risks
  • Credit checks
  • Confirmed L/Cs
  • Export credit insurance
  • Marine insurance
  • Inspections by surveyors
  • Foreign exchange contracts

Were u a trading assistant or trade support guy?

by workerbee2005

How did you get into that industry initially. Do they require a finance degree? I have a MIS degree. I also took pretty much all the finance courses available back in my college. But I can't find a computer job now. Very interested in what you did before. Could you tell me more about your line of works?
I am a financial news junkie and pretty analystic. Love more about macroeconomic subjects than microeconomic ones. Which field of trade support are better for my background? Fixed Income or Foreign Exchange maybe?
Map of Manhattan nyc and Manhattan Map.

Hi, Lorettainwarwick,,,could you help?

by workerbee2005

Hi, sorry to bother you. I saw your post below. And very interested in what you did. were you a a trading assistant or in trade support? How did you get into that industry initially? Do they require a finance degree? I have a MIS degree. I also took pretty much all the finance courses available back in my college. But I can't find a computer job now. Very interested in what you did before. Could you tell me more about your line of works?
I am a financial news junkie and pretty analystic. Love more about macroeconomic subjects than microeconomic ones. Which field of trade support are

Shaolinpanda! IT intern needs your help!

by temp777

Not sure if u still remember me. My background is in finance, trade desk administration to be exact. love programming and trying to break into IT. Took quite a few comp sci courses and did very well back in college. Currently I am volunteering as a helpdesk and desktop support guy for a MIS dept of a medical center in Manhattan. The manager told me that since they are mainly dealing with healthcare info mgt system, the experience I got there wont be that useful with financial info sys, let alone trading system. I am thinking it’s a stepping stone nonetheless, since I have no commercial expoerience in IT

Then you should have taken more

by victortrivas

Finance and math courses.
i would say you would have to go back to the colonial era. by my reckoning around the turn of the 18th century would be about the time a million bucks (which of course didn't exist then in that form, so this is an entirely imputed idea) would have the same value as half a billion dollars now. and, of course, nothing we purchase today has much similarity to what was purchased then except, perhaps, undeveloped land, commodities or other currencies (and people didn't trade currencies much in those days).

NBC, Metl Group ink 100bn/- loan for oil business  — IPPmedia
In structuring this deal, Absa provided a Structured Trade Finance Facility, Barclays Bank Mauritius funded a Term Facility, whilst NBC has afforded an Overdraft Facility to Star Oils Tanzania Limited.

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