Throughout these modules, participants will embark on a comprehensive journey into the intricate realm of international trade. Beginning with an exploration of fundamental concepts such as comparative advantage and the distinct nature of global trade, attendees gain a solid understanding of the complexities that set international transactions apart. The elucidation of SWIFT organization's role and message types further enriches their understanding of the infrastructure supporting global commerce.
Explain the risks involved in International Trade
Identify different types of shipping documents and their usages
Identify the four types of payment methods used in international trade
Assess the risks and how to mitigate them under each type of payment methods
List the various types of guarantees
The letter of credit definition and its main features and parties
The responsibilities and risks of the parties involved
Letter of credit’s application and different swift types
Letters of Credit’s msg format and necessary fields
Roles and responsibilities of the Banks "issuing bank, advising bank, confirming bank, and nominated bank"
Documents under Letters of Credit
The letter of guarantees definition and its main features and parties
The responsibilities and risks of the parties involved
The various types of guarantee
Standby letters of credit
Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.
We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.
Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.
Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.
We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.
Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.