Trade Finance and Letters of Credit
Category : Banking
Duration: 5 days
Trade finance plays a critical role in facilitating international trade, with letters of credit being a key instrument. This training explores the principles of trade finance, the use of letters of credit, and the associated risks and documentation requirements. Participants will gain practical insights into structuring trade finance deals, managing risk, and ensuring compliance with international regulations.
Learning Objectives
Understand the principles of trade finance and letters of credit
Structure and issue letters of credit
Manage the risks associated with international trade transactions
Comply with international trade finance regulations
Training Program
Introduction to Trade Finance
Key concepts and instruments in trade finance
The role of trade finance in international commerce
Quiz: Identify key trade finance instruments
Letters of Credit (LC)
Types of letters of credit and their uses
Structuring and issuing LCs for international trade
Practical case: Draft and issue a letter of credit for an international transaction
Risk Management in Trade Finance
Managing country risk, counterparty risk, and currency risk
Risk mitigation tools: guarantees, insurance, and standby LCs
Practical case: Propose risk mitigation strategies for an export-import transaction
Trade Finance Documentation
Key documents in trade finance: bills of lading, invoices, certificates
Documentary collections and UCP 600
Practical case: Prepare trade finance documentation for an export deal
Compliance with Trade Finance Regulations
International trade regulations and sanctions
Know Your Customer (KYC) and Anti-Money Laundering (AML) in trade finance
Practical case: Conduct due diligence and ensure compliance for a trade finance transaction
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Trade finance officers
Export-import professionals
Risk managers in international trade
Legal and compliance officers
Prerequisities
Basic knowledge of international trade and finance
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris