As the business environment continues to evolve rapidly, it is crucial for us to stay updated on the latest industry trends and developments. Since the Trade Finance is an integral part of your business, the proposed training program is designed to enhance and brush up the skills and knowledge in the area of Trade Finance
PROGRAMME OVERVIEW
The sessions will be conducted by industry experts and will cover a range of topics related to International Trade and trends in Trade Financing. The overview of the training program are as follows:
- Developing a deep understanding of the trade finance products, instruments and services available in the market and their applications in international trade.
- Improving knowledge of international trade regulations, including trade documentation, compliance, and risk management.
- Examination of trade documents, such as invoices, bills of lading, and certificates of origin. This includes understanding the role of different parties involved, such as importers, exporters, banks, and freight forwarders
- Understanding the various risks associated with international trade, including credit risk, political risk, currency risk, and operational risk.
- Understanding the role of trade finance in mitigating these risks and supporting international trade transactions.
- Developing skills to evaluate and structure trade finance transactions to meet the needs of the organization and its customers.
- Understanding the various financing options available to businesses engaged in cross-border trade, including letters of credit, guarantees, and export credit insurance.
- Developing skills to negotiate and manage trade finance transactions with counterparties, including banks, customers, and suppliers.
- Learning how to assess the creditworthiness of potential customers and suppliers, and how to structure financing solutions to mitigate credit risk.
- Understanding how to leverage technology and automation to streamline trade finance processes and improve efficiency.
- Understanding of trade finance best practices and standards, including the International Chamber of Commerce's Uniform Customs and Practice for Documentary Credits (UCP 600)
PROGRAMME OBJECTIVES
Participants can develop a strong foundation in trade finance principles, gain practical skills, and enhance their ability to effectively navigate the complexities of international trade finance. Overall, the objective of trade finance training is to equip individuals with the knowledge, skills, and tools necessary to effectively manage and support international trade transactions. By doing so, organizations can minimize risk exposure, increase efficiency, and grow their business in international markets.