International Trade Finance

Overview

This program is for participants who have limited knowledge of the international trade finance business. It provides a robust introduction to the fundamental elements of trade finance services offered by a bank.The course Introduce the trade finance services and products to the participants in a practical way using a set of exercises specially designed for this purpose.

Contact us form

Outcome

Classify the bank customers to use the most suitable payment tool which securing their trade deals.

Clarify international chamber of commerce icc publications related to trade finance tool.

Learn what’s meant by trade finance; type of shipping documents used in international trade

Identify types of documentary collections, types of documentary credits and letter of guarantees.

Identify the risk faced when dealing with trade finance tools and how to mitigate that risk.

Details

Developed by: Beacon FinTrain
Total Hours: 18 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
Register Now

Outline

  • Definition and overview of international trade
  • The significance of global trade to national economies
  • Benefits and challenges of international trade
  • Key players and stakeholders in international trade (governments, businesses, international organizations)

  • The objectives and priorities of buyers (e.g., cost, quality, delivery time)
  • The objectives and priorities of sellers (e.g., market expansion, profit maximization, risk management)
  • The negotiation process and contract formation in international trade
  • The importance of compliance with international trade laws and regulations
  • Risk management strategies for both buyers and sellers (e.g., hedging, insurance)

  • Overview of the International Chamber of Commerce (ICC) and its role in trade
  • Key ICC publications on trade finance (e.g., Uniform Customs and Practice for Documentary Credits - UCP 600, International Standby Practices - ISP98)
  • The importance of ICC guidelines in standardizing trade finance practices
  • Practical applications of ICC publications in trade finance transactions.

  • Introduction to SWIFT (Society for Worldwide Interbank Financial Telecommunication)
  • The role of SWIFT in global financial communication and trade
  • Overview of SWIFT message types and their functions (e.g., MT103, MT202)
  • Structure and format of SWIFT messages (header, body, trailer)
  • Detailed explanation of the fields in a SWIFT message (e.g., transaction references, amounts, beneficiary details)

Read More

Who Should Attend

  • Banks and corporates employees working in trade services
  • business development
  • marketing depts

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

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.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.