Training Course:Trade and Export FinanceSchool/Trainer:Quorum Training Ltd.
London, United Kingdom
Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced
Course Description:
'' A one-day introductory course for anyone involved in financing overseas or export-related trade. We look at the additional risks and why the structure of the contract is so important. We discuss short and long term solutions, letters of credit, bills, and promissory notes. We also consider why the structure of the invoice is so important. Receivables financing with and without recourse is also covered, together with bonds and guarantees, and the role of ECGD.
Programme
OVERSEAS BUSINESS
The additional risks
~ Longer lines of communication
~ Political and transfer risk
~ Overseas credit risk
~ Export essentials - the contract
ESTABLISHING PAYMENT TERMS - HOW DO I GET PAID?
The building blocks of trade finance
~ International payments - risk spectrum
~ Advance payments and deposits
~ Open account
~ Documentary credit vs. documentary collections
~ Letters of credit
~ Bills of exchange
DOCUMENTARY LETTERS OF CREDIT
Definition and key features
~ Irrevocable, confirmed, unconfirmed, revolving
~ Transferable, negotiable
~ Acceptance credit
~ 7 golden rules
Common misconceptions
Examples
BILLS OF EXCHANGE AND PROMISSORY NOTES
Definitoin and key features
Sight bill
Usance bill
TRANSPORT DOCUMENTATION
Bills of lading
Terminology
THE INVOICE
Be clear and explicit
Do not assume everyone speaks English
~ Terms of Trade
~ Basis of the sale
~ Offering discounts
BONDS AND GUARANTEES
Definition
Range of bond types
~ Bid bond
~ Advance payment bond
~ Performance bond
~ Retention bond
Practical aspects - when they should not be issued
Minimum information required
Unfair calling risks
RECEIVABLES FINANCING
Techniques for receivables financing with or without risk protection
~ Factoring
~ Invoice discounting
~ Forfeiting
~ Applications and examples
...''
Please go to the school's official website for training price and schedule:
http://www.quorumtraining.co.uk
Phone:+44 (0)20 7388 2044
School Address:
Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW
Jobs & Resumes: London
Houses & Roommates: London
Other training courses offered by Quorum Training Ltd.:
Technical Analysis for Treasury Management
Treasury Controls and Security
Business Strategy Workshop
Banking and Finance
Finance for Non-Finance Managers
Interpreting Accounts
Interpreting IFRS Accounts
Practical Budgeting
Accounting for Fixed Assets
Accounting Principles for Banking and Treasury Staff
Credit Control Workshop
Debt Recovery Workshop
National Insurance Contributions
Payroll Workshop
Cash Management
Foreign Exchange Risk Management
Swaps Workshop
Options Workshop
Derivatives Fundamentals
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