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- What is this course about?
- A Gist of the world of International Trade Finance
- Knowledge Bite - Understanding Risks in Trade Finance
- Knowledge Bite - Trade Based Money Laundering
International Trade Finance - An Overview
Quick Facts
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Medium of instructions
English
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Mode of learning
Self study
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Mode of Delivery
Video and Text Based
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Course overview
A need or want drives the production and distribution of products and services across national borders in what is known as international trade. Such exchanges account for a sizeable portion of most countries' GDP (GDP). Although international trade has been around for a very long time, it has only gained economic, social, and political significance in the last several centuries. When compared to domestic trade, foreign trade is a more complicated procedure. Currency, government policies, the economy, the justice system, laws, and markets all play a role in international trade. International Trade Finance - An Overview certification is made available by Udemy to students who want to methods of payment in international trade.
International Trade Finance - An Overview online training includes two hours of video, four articles, and one downloadable resource which consists of a digital certificate upon course completion.
International Trade Finance - An Overview online classes consist of international trade finance, payment methods, documentary collections method, letter of credit, bank guarantees, letter of credit, incoterms, and trade documents.
The highlights
- Full Lifetime Access
- Two Hours of Video
- Four Articles
- One Downloadable Resource
- Access on Mobile and TV
- Certificate of Completion
Program offerings
- Online course
- Learning resources
- 30-day money-back guarantee
- Unlimited access
Course and certificate fees
Fees information
₹ 449 ₹2,899
certificate availability
Yes
certificate providing authority
Udemy
Who it is for
What you will learn
International Trade Finance - An Overview certification course, the aspirant will learn the basics of trade finance, including the roles of the various participants, the types of payments utilized in international trade, and the benefits and drawbacks of each. The individual will become familiar with the basics of complex methods including letters of credit, bank guarantees, and collections with a thorough understanding of the underlying process flow. The participant will get an insight into incoterms 2020, trade documents, and the benefits of a bank guarantee, as well as the concerns involved in trade financing, open account procedures, documentation collections, and a bank's duties in export and outward collection.
The syllabus
International Trade Finance - The Gist
Methods of Payment in International Trade
- Classification of Payment Methods and Factors which determine the choice
- Advance Payment and Open Account Methods
- Escrow Account Method
- Documentary Collections and Avalisation/Banker's Acceptance Methods
- Deferred Payment Undertakings and Bank Guarantees
Documentary Collections Method
- Roles/ Parties in Documentary Collections Method
- Process Flow of Documentary Collections - Sight and Usance
- Categories of Documents and Types of Collections
- What is a Collection Instruction prepared by banks?
- Responsibilities in the Export/Outward Collection Desk of a Bank
- Responsibilities in the Import/Inward Collection Desk of a Bank
- Import Bills under Collection - Job Set Up
Letter of Credit
- Understanding the Definition of a Letter of Credit
- Process Flow And Roles of Banks Involved (Advising, Negotiating, Reimbursing)
- Vital Points about LCs
- Differences among Discounting, Purchase and Negotiation
- Deriving Discounted Value of Bills
- Quick Summary - Balance of Risk Between Buyer and Seller
Types of Letters of Credit
- Classification of Letters of Credit
- Confirmed and Unconfirmed LC - The Difference
- Red Clause LC and Green Clause LC - Uses
- A Revolving Credit - Uses and Types
- Transferable LCs - Process Flow
- Back to Back LC - Process Flow
Bank Guarantees
- Bank Guarantee - Definition and Process Flow
- Types of BGs - Depending on Nature and Purposes
- Advantages of a Bank Guarantee
- Validity of the BG Limit Vs Validity of an individual BG
Letter of Credit and Bank Guarantee - A Comparison
Letter of Credit Vs Bank Guarantee
Samples of Real life trade documents and the important fields
Invoices/Certificates/Transport Docs/Insurance
Incoterms® - The Basis of International Trade
- Incoterms® 2020 Overview
- Incoterms
Case Studies - Test Yourself
- Assignment 1
- Assignment 2
- Assignment 3
- Assignment 4
Evaluation
- Trade Finance Quiz
- Practice Test
Instructors
Articles
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