The course is highly interactive and centres around the use of a variety of case studies, predominantly based on actual files and ICC opinions.
This is a foundation level course which can be supplemented by our Advanced Trade Finance and Trade Based Money Laundering & Sanctions courses.
This course can be presented in-house via live webinar.
The trainer is a leading trade finance practitioner and trainer with almost 40 years banking experience. Prior to taking early retirement, he was responsible for the risk management of the UK trade book for a top international bank, with whom he had spent his whole banking career as a Relationship Manager, Credit Risk Approver, Trade Finance Manager and latterly their Trade Portfolio Risk Manager.
He has provided training to banks globally on trade and receivables finance, risk mitigation, AML and sanctions compliance, is ACIB qualified and has completed the ICA Certificate in Trade Based Financial Crime Compliance issued by the University of Manchester Business School.
Case Study: Short exercise to check understanding of Incoterms application.
Exercise - using examples of commercial documents to help participants to understand their technical content, the significance and importance of documents.
a) to consider the needs of an exporter or importer and suitability of using a Letter of Credit in a cross-border transaction and / or
b) to check understanding of the collections procedure and the practical application of the UCP600
Case Study: Participants work in groups to consider the needs of a business and to identify the appropriate product solution.
Despite increasing movement to unstructured open account trading, there is still a place for Trade Finance, and, in particular, Letters of Credit which are widely used by small and medium sized enterprises, in the import and export of goods and services.
This 1-day course will provide a firm foundation to participants new to the workings of Letters of Credit, as well as reinforcing and consolidating the knowledge of those participants who already have some general Trade Finance experience. Through a better understanding of the nature and mechanics of Letters of Credit, participants will be better placed to identify customer needs and recommend appropriate solutions.
Included in the course are practical sections covering documentation, the regulatory environment and the implications of Financial Crime Compliance. These include the various International Chamber of Commerce (ICC) rules and practices and a high-level oversight into anti-money laundering (AML), Countering the Financing of Terrorism (CFT) and Sanctions considerations.
The course will use case studies and interactive class discussions, encourage delegates to question and test their knowledge at each stage of the course.
All training courses with Redcliffe Training are carried out within the context of issues raised. The Letters of Credit Course above is a core part of a range of coruses covered UCP 600, ICC 552 and trade finance.
Training Course Name
|Trade Finance Sales||UCP 600, ICC 552, FCC, International trade transactions|
|Trade Finance Masterclass||UCP 600, ISBP 2013, trade documentation|
|Risk in Trade Finance and Trade Finance Products||UCP 600, trade finance products, commodity finance regulations, URDG|
|Advance Trade Financing Course||UCP 600, risk in trade finance, letters of credit|