International Trade Finance Certification Course

Why select this training course?

The International Trade Finance Certification Course By Rcademy is an advanced course that trains on trade finance products, contemporary financing situations, and international transactions. There will be a keen look into transactional financing, where warehousing and inventory are greatly used, such as receivable financing, letter of credit financing, and open-account products.

What is international trade finance?

International trade finance refers to the financial services and products facilitating international trade transactions. It encompasses a range of activities, including financing imports and exports, the management of foreign exchange risk, and providing trade-related services such as letters of credit, guarantees, and insurance.

What are the different international trade finance services provided by financial institutions?

Banks, financial institutions, and specialized trade finance companies can provide international trade finance services. These services may include:

• Letters of Credit
• Trade Financing
• Foreign Exchange Management
• Trade Insurance

The International Trade Finance Certification Course by Rcademy will enable participants to understand trade terms, products, roles and responsibilities that drive finance, and real-life examples of international trade finance. The training will ensure the participants become experts and excellent personnel skilled in international transactions and financing, enabling them to be confident, credible, and concerned with the directions taken by the various bank, management, and credit committees. The course will impart the necessary skills to the participants to enable them to apply the learnt knowledge efficiently in situations within the workplace. They will also be able to deeply understand fraud prevention and sustainability, innovation, and disruptions in the finance industry. It will focus on recent developments in international trade finance and cover a wide range of emerging issues, policies, and collaborations. Some of the main concepts covered will include SWIFT updates, UKEF, BREXIT and its effects on the economy, blockchain technologies, terrorist financing, Mexico trades, anti-money laundering policies, the US sanctions, and various other sanctions agreements and their effects, and the updated crime finance control list. It is a course essential for any serious finance professional, consultant, importers and exporters, and teachers who intend to understand global finance transactions.

Who should attend?

The International Trade Finance Certification Course by Rcademy is ideal for the following professional:

• Finance bankers that interact with international transactions
• Corporate credit and risk committee members responsible for regulation and supervision
• Trading house executive members that make hard decisions regarding trades
• Compliance and the legal officer who ensures international laws and regulations are followed
• Middle office monitoring officer
• Importers of goods and services
• Exporters of goods and services

What are the course objectives?

The aims of The International Trade Finance Certification Course by Rcademy is to enable participants to:

• especially interact with international transactions while ensuring success is guaranteed
• Discover the ICC regulations and finance structures in the contemporary world
• Understand how documents collections and letters of credit are handled in international trade finance
• Understand the financial risks in international trades
• Apply the skills learnt to differentiate key concepts in product risks, bank risks, and origination perspectives
• Understand different types of international trade product processes, roles and responsibilities of the involved parties, and the risks involved in international trades
• Select and differentiate various international trade finance services and products while understanding their desirability and how effective each variety is
• Increase the confidence to improve their professional growth
• Discover the current technical language, policies, techniques, and tools used in international trade finance
• Understand the response to drivers that international trade finance products give and their implications in the global market
• Understand the main roles played by all secondary, tertiary, and hedging techniques and how to use them effectively
• Understand and learn how to respond appropriately to challenges facing emerging markets and financing in general

How will this course be presented?

This Rcademy course will be facilitated by the industry’s best professionals using the following methods:

• Lecture notes
• Presentations
• Short videos
• Case studies
• Exercises
• Discussions

What are the topics covered in this course?

Module 1: Trade Risk and Assessment

• Currency value fluctuation risks
• Business in cross-border trade risks
• Product transfer risks
• Financial risks
• Commercial or the risks with purchasers
• International trade practices
• Adverse business risks

Module 2: International Trade Payment Methods

• Using cheques
• Mail transfer
• Clearing house automated payment systems
• Direct debit
• Fedwire transfer
• Electronic funds transfer
• Clearing house inter-bank payment system

Module 3: Documentation in International Trade

• The letters of credit evolution
• Discrepancies and solutions
• All transport documentation
• Promissory receivable notes
• Warehouse warrants and inventory
• Checking documents
• Bills of exchange
• Cargo insurance documentation, INCOTERMS
• International collections and ICC 522
• Negotiable seaways
• Rail and road consignment
• Non-negotiable seaway

Module 4: Forfaiting and Factoring

• Advantages of factoring
• Cash flow and factoring
• Disadvantages of factoring
• The genesis of factoring
• Invoice discounting
• Advantages to exporters
• Capital goods sale
• Risks in export
• Factoring mechanism
• Sales criteria
• Forfaiting procedures and methods in practice
• Forfaiters documentations
• Forfaiting mechanisms in transactions
• Requirements for a forfeiter

Module 5: International Bonds and Bank Guarantees

• Indemnities and guarantee differences
• Precautions
• Guarantees security
• Procedures for taking security
• Guarantees as security benefits
• International bonds
• Categories of bank bonds
• Mechanics of bid bonds
• Maintainance and retention of bonds
• Time of payments
• Guarantees precautions
• Expiry dates of the documentation
• Case study

Module 6: Marine Insurance

• Marine insurance associations
• Importance of marine insurance
• Risks covered
• Types of insurance instruments
• Policies in marine insurance
• Insurance certificate

Module 7: BREXIT

• The influence of Theresa May
• EU summit main discussions
• BREXIT implications, hard and soft
• Health care
  – Resident visa for travelling in the EU
  – Reasons for leaving the EU
  – Pensions
  – Mortgages
  – Savings
• New relationship or existing UK-EU
• Businesses
• The political influence

Module 8: Contemporary Trade Finance

• Commodity forwards, swaptions, and hedging in the international trade
• Arbitrations
• Metals financing
• A risk analysis of financing in high-risk countries
• Energy products pre-financing
• Cryptocurrencies and blockchain
• BASEL III issues
• Contemporary risks analysis
• Market alternatives
• New countertrade and buyback financing
• Product sharing agreements

Module 9: Foreign Exchange Rates

• Introduction to foreign exchange rates
• Exchange rates quotation
• Bank’s accounting systems
• Currencies transactions in foreign exchange
• Forward rates
• Spot rates
• Option rates
• Factors influencing foreign exchange
• Mechanism of transactions in spot exchange
• Forward exchange contract
• Calculations in the forward exchange