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
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Understand the principles of trade finance and letters of credit
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Structure and issue letters of credit
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Manage the risks associated with international trade transactions
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Comply with international trade finance regulations
Training Program Engagement
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Introduction to Trade Finance
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Key concepts and instruments in trade finance
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The role of trade finance in international commerce
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Quiz: Identify key trade finance instruments
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Letters of Credit (LC)
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Types of letters of credit and their uses
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Structuring and issuing LCs for international trade
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Practical case: Draft and issue a letter of credit for an international transaction
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Risk Management in Trade Finance
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Managing country risk, counterparty risk, and currency risk
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Risk mitigation tools: guarantees, insurance, and standby LCs
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Practical case: Propose risk mitigation strategies for an export-import transaction
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Trade Finance Documentation
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Key documents in trade finance: bills of lading, invoices, certificates
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Documentary collections and UCP 600
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Practical case: Prepare trade finance documentation for an export deal
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Compliance with Trade Finance Regulations
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International trade regulations and sanctions
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Know Your Customer (KYC) and Anti-Money Laundering (AML) in trade finance
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Practical case: Conduct due diligence and ensure compliance for a trade finance transaction
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Key Points
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Numerous practical examples illustrating the different studied concepts
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Practical cases to draw parallels with the concepts learned
Who is this training for
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Trade finance officers
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Export-import professionals
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Risk managers in international trade
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Legal and compliance officers
Prerequisities
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Basic knowledge of international trade and finance
Teaching Methods
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Training structured around skill transfer
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Acquisition of operational skills through practice and experimentation
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Collaborative learning during synchronous sessions
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Multi-stage learning path to allow engagement, learning, and transfer
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Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
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Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
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Online training evaluation on your participant space:
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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.
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Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
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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