International Trade Services - Online

International Trade Services is an enriching financial e-Learning course, reflective of real-world operational issues, best and confirming practices by the parties involved in International Trade services.

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer. Subscription period for this course is 91 days. Certificates with earned credits will be awarded upon successful completion.

También, se ofrece este curso en Español. Llamada para más información.

Available TodayOnlineUSD$175
Instructional Method:
Self-Study
Level: Basic

ICB CREDITS
11.25
With the inherent potential to be a vital eLearning and reference module for transactions involving trade finance documents, this course is relevant for professionals in international trading - like bankers, exporters, importers, and lawyers.
Language Options
También, se ofrece este curso en Español. Llamada para más información.
Fundamentals of International Trade and Banking
  • Money and its characteristics
  • Role of the Federal Reserve Bank
  • Movement of money from buyer to seller
  • Origins of trade and trade regulations
  • Principles of international banking

Import Letters of Credit
  • The meaning of import letters of credit
  • The mechanism of import letters of credit
  • How the procedure of payment and collection works
  • The revolving letters of credit
  • The installment letters of credit

Export Letters of Credit
  • The export letters of credit
  • The mechanics of export letters of credit
  • Letters of credit instructions
  • The importance of examining letters of credit
  • The ways to avoid discrepancies
  • Common discrepancies encountered by banks
  • Transfers under letters of credit
  • Assignment of proceeds under letters of credit

How Letters of Credit Work
  • The theories and principles on which letters of credit are based
  • The different types of letters of credit
  • The process of issuing a letter of credit
  • The uses of a letter of credit and its characteristics
  • The working of letters of credit in reality
  • The various rules that govern letters of credit

Monitoring Trade Loans
  • Credit management in banks
  • Funded and unfunded financing
  • Different risk sharing structures: Syndication, Participation, and Securitization
  • Differences between bullet loans, installment loans, and revolving loans
  • Various security measures
  • Situations when loans go bad

Standby Letters of Credit
  • The meaning of standby letters of credit
  • The working of standby letters of credit
  • The meaning of bid bonds
  • The concept of performance bonds
  • Advance payment bonds
  • Credit line support
  • Evergreen letters of credit
  • Clean letters of credit

Structuring Trade Loans
  • How do companies finance international trade
  • The differences between trade financing and regular lending
  • The differences between trade financing and project financing
  • The two basic variations in trade financing
  • Different trade structures
  • Various tools used for financing international trade

Draft and Direct Collections
  • Draft collection
  • Working of draft collections
  • Letter of instructions
  • Documentary sight drafts
  • Documentary time drafts
  • Avalized drafts
  • Choose among the different types of documentary drafts
  • Clean drafts
  • Borrowing against draft collections
  • Working of direct collections

International Payment Terms
  • The life of a trade transaction
  • Risks involved in cross-border transactions
  • What exporters are looking for
  • What importers are looking for
  • Choosing credit/payment terms
  • How documentary collections work: sight drafts and time drafts
  • How letters of credit work

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