This course provides an overview of essential skills for managing financial transactions in an international trade. It covers practical applications of trade finance including: political and economic risks, foreign exchange tactics and risks, credit and payment risks, optimal terms of payment, arranging financing, and setting the business's overall financial plan.

Global Trade Finance
Business & Management
Module/Topics

Module 1: Assessing Foreign Exchange Risks
•Political and Economic Risks
•Cutural Risks and Issues
•Resources for Determining Risks
• Self-Assessment


Module 2: Managing Risk
•Foreign Currencies and Risk
•Mitigating Foreign Risk- Transfer Pricing
•Mitigating Foreign Risk - Services Offered by Banks
•Currency Option and Swap Contract
• Self-Assessment



Module 3: Credit
•Credit Reporting Agencies
•Exercise- Costs and Usage of Credit Reports
•Credit management techniques and control procedures
•Methods of Payment
•Mitigation Techniques
• Self-Assessment



Module 4: Methods of Payment
•Before Choosing a Method of Payment
•Methods of Payments
•Open Account and Letters of Credit
•Bill of Exchange
•Documentary and Clean Collection
•Commercial, Economic, and Political Risks
•International Regulations
• Marine Insurance
•Methods of Funds-Remittance
•Types of Letters of Credit
• Types of Payments Under an L/C
• Documentation Requirements for Payment
• Legal and Financial Costs
• Communication of L/Cs and Documentary Collections and Associated Documentation via the Internet
• Self-Assessment


Module 5: Terms and Conditions
• Alternative Trade Relationships
• Terms and Conditions
• Agency and Distributor Agreement Terms
• International Joint Venture Agreements
• Resources for Agency and Distributor Agreements
• Self-Assessment


Module 6: Financial Plan
• Resources for Developing a Financial Plan
• Learning Exercise - Developing a Financial Plan
• Self-Assessment

Module 7: Short-Term Financing
• Short-Term Financing
• Terms Used in Short-, Medium-, and Long-Term Financing
• Self-Assessment


Module 8: Medium- and Long-Term Financing
• Medium-Term Financing
• Forfaiting
• Long-Term Financing
• Resources
• Self-Assessment


Module 9: Trade Finance Comprehensive Exam
• Trade Finance Exam