International Trade Finance An Overview

Letter of Credit (LC) | Collections | Bank Guarantee | Incoterms 2020
International Trade Finance An Overview
File Size :
180.77 MB
Total length :
1h 51m

Category

Instructor

Anwesha Sengupta, CITF, CAIIB

Language

Last update

9/2023

Ratings

4.3/5

International Trade Finance An Overview

What you’ll learn

Gain In-Depth Knowledge of International Trade Finance
Understand Trade Documentation and Payment Methods
Master the Basics of Trade Financing Instruments such as Letters of Credit, Guarantees, and Collections
Get an overview of Incoterms 2020

International Trade Finance An Overview

Requirements

No prerequisites

Description

————————————————5 Assignments 70+ Multiple Choice Questions4 concise articles for additional knowledge————————————————Are you confused about the different payment methods used in international trade finance? Confused about what is the need of so many types of payment methods – letter of credit, collections, bank guarantee? What is the difference between these and when is each method used? Then you are in the right place!! Welcome to the course on International Trade Finance – An OverviewWhat will you get out of this course?Gain In-Depth Knowledge of International Trade FinanceLearn the Fundamentals of Import-Export FinancingUnderstand Trade Documentation and Payment MethodsFamiliarize Yourself with International Trade Risks and Mitigation StrategiesMaster the Basics of Trade Financing Instruments such as Letters of Credit, Guarantees, and CollectionsWho is this course for?Importers and ExportersInternational Trade ProfessionalsEntrepreneurs and Small Business Owners Engaged in Global TradeFinance and Banking ProfessionalsStudents and Individuals Interested in International Trade and FinanceWhy should you enroll in this course?Enhance Your Understanding of International Trade FinanceGain Practical Knowledge to Navigate the Complexities of Global TradeImprove Your Trade Finance Skills to Boost Your Career or BusinessStay Ahead in the Competitive Global Trade EnvironmentAccess Valuable Resources and Practical Tips from Industry ExpertsConvenient Online Learning with Self-Paced Modules and Interactive ContentWhat this course covers?What is Trade Finance and who are the Parties InvolvedMethods of Payment in International Trade – OverviewDocumentary Collection – Detailed Process Flow and Related KnowhowLetter of Credit – Detailed Process Flow and Related KnowhowTypes of Letter of CreditBank Guarantees – Detailed Process Flow and Related KnowhowLetter of Credit and Bank Guarantee – A ComparisonSamples of Real-life trade documents and the important fields in those documents.Overview of Incoterms 2020Quiz and Evaluation Test

Overview

Section 1: International Trade Finance – The Gist

Lecture 1 What is this course about?

Lecture 2 A Gist of the world of International Trade Finance

Lecture 3 Knowledge Bite – Understanding Risks in Trade Finance

Lecture 4 Knowledge Bite – Trade Based Money Laundering

Section 2: Methods of Payment in International Trade

Lecture 5 Classification of Payment Methods and Factors which determine the choice

Lecture 6 Advance Payment and Open Account Methods

Lecture 7 Escrow Account Method

Lecture 8 Documentary Collections and Avalisation/Banker’s Acceptance Methods

Lecture 9 Deferred Payment Undertakings and Bank Guarantees

Section 3: Documentary Collections Method

Lecture 10 Roles/ Parties in Documentary Collections Method

Lecture 11 Process Flow of Documentary Collections – Sight and Usance

Lecture 12 Categories of Documents and Types of Collections

Lecture 13 What is a Collection Instruction prepared by banks?

Lecture 14 Responsibilities in the Export/Outward Collection Desk of a Bank

Lecture 15 Responsibilities in the Import/Inward Collection Desk of a Bank

Lecture 16 Import Bills under Collection – Job Set Up

Section 4: Letter of Credit

Lecture 17 Understanding the Definition of a Letter of Credit

Lecture 18 Process Flow And Roles of Banks Involved (Advising, Negotiating, Reimbursing)

Lecture 19 Vital Points about LCs

Lecture 20 Differences among Discounting, Purchase and Negotiation

Lecture 21 Quick Summary – Balance of Risk Between Buyer and Seller

Section 5: Types of Letters of Credit

Lecture 22 Classification of Letters of Credit

Lecture 23 Confirmed and Unconfirmed LC – The Difference

Lecture 24 Red Clause LC and Green Clause LC – Uses

Lecture 25 A Revolving Credit – Uses and Types

Lecture 26 Transferable LCs – Process Flow

Lecture 27 Back to Back LC – Process Flow

Section 6: Bank Guarantees

Lecture 28 Bank Guarantee – Definition and Process Flow

Lecture 29 Types of BGs – Depending on Nature and Purposes

Lecture 30 Advantages of a Bank Guarantee

Lecture 31 Validity of the BG Limit Vs Validity of an individual BG

Section 7: Letter of Credit and Bank Guarantee – A Comparison

Lecture 32 Letter of Credit Vs Bank Guarantee

Section 8: Samples of Real life trade documents and the important fields

Lecture 33 Invoices/Certificates/Transport Docs/Insurance

Section 9: Incoterms® – The Basis of International Trade

Lecture 34 Incoterms® 2020 Overview

Section 10: Case Studies – Test Yourself

Section 11: Evaluation

Lecture 35 Bonus

Business Analysts and Consultants of Trade Finance,Finance and Banking Professionals,Entrepreneurs and Small Business Owners Engaged in Global Trade,CITF Aspirants and Students of International Trade

Course Information:

Udemy | English | 1h 51m | 180.77 MB
Created by: Anwesha Sengupta, CITF, CAIIB

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