International Trade & Finance Management
Course Info
Code IND09-102
Duration 5 Days
Format Classroom
Course Summary
As your company grows, there’s a potential to expand overseas to maximise your company reach and make more sales. However, this expansion will come with complications and challenges which you may not have considered financially.
It’s important that you approach an international move with research, data, and confidence. You will need to understand the terminology used, the financial differences across different countries, and your taxation implications.
It's also important to develop a sound structure logistically with supply chains and work with trusted suppliers. International trade focuses on specific areas of importance, which change over time. These areas can pose financial risks if not considered in their entirety. You should think about the sustainability of your overseas operations, the roles and responsibilities of your team, effective remote communication, and up-to-date technology that could help facilitate your trading.
This course will help you to update your knowledge of trade terms, contractual obligations, trade legislations, and how your business could be financially affected by trading overseas.
- To develop appropriate negotiation techniques to ensure financial stability.
- To understand the current legislation around international working.
- To create a strategic process that benefits your business and overseas partners.
- To develop mutually beneficial relationships with partners and suppliers to ensure a stable continuity plan.
- To assess areas of risk and implement mitigation plans.
- To understand the importance of sustainability within your processes and procedures.
- To use the best technology to create effective communication channels.
- To develop a working knowledge of event-triggered finance and recovery.
- To refresh your knowledge on UCP-ICC 600 rules and regulations.
- To develop accessible import and export guidelines for marketing your trade.
- To create in-depth trade finance documentation that aids productivity, and quality and maintains financial security.
This course is designed for anyone responsible for trade finance or the development of international trade processes within an organisation. It would be most beneficial for:
- Business Owners
- Chief Financial Officers
- Financial Professionals
- Data Analysts
- Marketing Managers
- Account Managers
- Negotiators
- Accountants
- Supply Chain Managers
This course uses a variety of adult learning techniques to aid full comprehension and understanding. Participants will review real-world international financial plans and examine the positives and negatives of each strategic model. They will also be presented with various software options to help with remote communication, record-keeping, and risk assessments.
Participants will work in teams to conduct role-playing activities to negotiate contracts and construct contingency plans. They will develop their communication methods and develop strategies for maintaining good relationships and tracking financial models. Finally, they will create a project plan to flag potential risk areas and present positive solutions.
Course Content & Outline
- Trade finance and the relationship with business banking.
- Trade cycle introductions and lifecycle.
- Financial terms and qualifications.
- International documentation and payment practices.
- ICC 600 rules.
- Credit payment letters.
- Silent, soft, and straight confirmation methods.
- Red clause L/Cs mechanics and their risks.
- Risk mitigation techniques.
- Oil trading and overseas L/C metrics.
- Assessing high-risk countries.
- The scope and application of demand guarantees.
- Guarantees and indemnities.
- Bid applications and writing standards.
- Productivity and advance payments.
- Guarantees and governing bodies.
- Warranty retention methods.
- Legal jurisdiction and expiration agreements.
- URDG - 758 - ICC ruling.
- COFACE competitors.
- Bid bonds, performance bonds, and retention.
- The mechanics of contemporary issues.
- Assessing and discovering risks on standby.
- Advanced guarantees.
- The receivable forfaiting market.
- The political risk involved in forfait marketing.
- Deferred payments in L/Cs.
- Risk sharing and mitigation planning
- Single exports and interest calculations.
- Debt recovery planning and export.
- The roles and responsibilities of principal parties.
- Documentary collections from importers and exporters.
- Principle changes and banking.
- Correspondent banks.
- The creation and release of documentation.
- ICC uniform rules and guidelines.
- Bills of exchange (B/E).
- Tolling financial deals and creating relevant contracts.
- Pre-export financing and securitisation.
- Option financing.
- Sustainable procedures and reviewing your process for future development.
- Your software options and communication standards.
- Strategic legislation policies.
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