This comprehensive 5-day training course provides a robust understanding of the interconnected worlds of international banking and trade finance. Participants will gain essential knowledge of the mechanisms that facilitate global trade, the role of international banking institutions, the various methods of payment, the intricacies of documentary credits and collections, the use of guarantees, and the critical aspects of risk management and regulatory compliance in cross-border transactions. The course is designed to equip individuals with the practical skills and theoretical foundation necessary to navigate the complexities of financing international trade and operating within the global banking environment.
The training will cover key topics including an introduction to the global banking system and the significance of trade finance, an overview of the dynamics and inherent risks of international trade, a detailed examination of different payment methods used in cross-border transactions, the processes and risks associated with documentary collections, a thorough exploration of the fundamentals and advanced operations of letters of credit, the application of guarantees and standby letters of credit, a review of various trade finance instruments and techniques, strategies for identifying and mitigating risks in international banking and trade, and an understanding of the relevant compliance regulations and emerging trends shaping the future of the industry. Through interactive discussions, case studies, and practical exercises, participants will develop a comprehensive understanding of how international banking supports and facilitates global trade.
Who should attend the training
- Banking professionals involved in international trade finance
- Trade finance specialists
- Export/import managers
- Credit analysts
- Relationship managers handling international clients
- Compliance officers
- Legal professionals in trade finance
- Supply chain finance professionals
- Anyone seeking to understand the fundamentals of international banking and trade finance
Objectives of the training
- Understand the structure and key players in the international banking system
- Gain a comprehensive overview of the principles and practices of trade finance
- Learn about the different methods of payment used in international trade and their associated risks
- Master the processes and documentation involved in documentary collections
- Develop a thorough understanding of the mechanics and applications of letters of credit
- Understand the use of guarantees and standby letters of credit in trade finance
- Familiarize with various trade finance instruments and techniques for risk mitigation and financing
- Learn to identify, assess, and manage risks in international banking and trade finance transactions
- Understand the key regulatory and compliance requirements governing international banking and trade finance
- Gain insights into current trends and the future of international banking and trade finance
Personal benefits
- Enhanced knowledge and skills in international banking and trade finance operations
- Improved ability to facilitate and manage international trade transactions
- Increased understanding of risk mitigation techniques in cross-border finance
- Greater confidence in dealing with international clients and financial instruments
- Professional development and career advancement opportunities in global banking and trade
Organizational benefits
- Improved efficiency and accuracy in handling international trade finance transactions
- Enhanced risk management capabilities in cross-border operations
- Stronger relationships with international clients and correspondent banks
- Better compliance with international banking regulations
- Increased ability to support and expand international trade activities
- A more knowledgeable and skilled workforce in international banking and trade finance
Training methodology
- Interactive lectures
- Case studies
- Group discussions
- Practical exercises
- Practical session: Analyzing a letter of credit document
- Role-playing
- Practical session: Simulating a trade finance negotiation
- Presentations
- Practical session: Identifying risks in a given international trade scenario
- Legal and regulatory review
- Practical session: Reviewing key clauses in international trade finance agreements
Trainer Experience
Our trainers are seasoned professionals with extensive experience in international banking and trade finance. They possess in-depth knowledge of global trade practices, international banking regulations, and various trade finance instruments. Their practical insights and real-world examples ensure a valuable and applicable learning experience for participants.
Quality Statement
This training course is designed to provide participants with a comprehensive and practical understanding of trade finance and international banking. We are committed to delivering high-quality content and engaging learning experiences that will equip individuals with the essential knowledge and skills to excel in this dynamic field.
Tailor-made courses
We understand that organizations may have specific needs and focus areas within international banking and trade finance. Our tailor-made courses can be customized to address your specific industry, geographical focus, and organizational requirements, ensuring maximum relevance and impact for your team.
Course Duration: 5 days
Training fee: USD 1300
Module 1: Introduction to International Banking and Trade Finance
- The Role of International Banking in Facilitating Global Trade
- Key Players in International Trade and Finance (Banks, Exporters, Importers, etc.)
- Overview of the International Payment and Trade Ecosystem
- The Importance of Trade Finance in Mitigating Risks
- Practical session: Identifying the key stakeholders in a sample international trade transaction
Module 2: The Landscape of International Trade
- Understanding Different Modes of International Trade
- Key Trade Terms and Concepts (Incoterms)
- Overview of Global Trade Agreements and Organizations
- Identifying Inherent Risks in International Trade for Buyers and Sellers
- Practical session: Analyzing the risks involved for each party in a given trade scenario using different Incoterms
Module 3: Methods of Payment in International Trade
- Clean Payments: Open Account and Advance Payment
- Documentary Collections: Documents Against Payment (D/P) and Documents Against Acceptance (D/A)
- Advantages and Disadvantages of Each Payment Method for Buyers and Sellers
- Selecting the Appropriate Payment Method Based on Risk and Relationship
- Practical session: Determining the most suitable payment method for different international trade scenarios
Module 4: Documentary Collections
- Parties Involved in a Documentary Collection
- The Process Flow of a Documentary Collection
- Key Documents Used in Documentary Collections (Bills of Exchange, Commercial Invoices, etc.)
- Risks and Mitigation Strategies for Importers and Exporters
- Practical session: Reviewing and understanding the flow of documents in a documentary collection
Module 5: Letters of Credit: Fundamentals
- Definition and Key Features of a Letter of Credit (L/C)
- Parties Involved in a Letter of Credit Transaction
- Types of Letters of Credit (Irrevocable, Revocable, Confirmed, Unconfirmed)
- The Principles of Documentary Credit (UCP 600)
- Practical session: Identifying the different parties and their roles in a sample letter of credit
Module 6: Letters of Credit: Advanced Concepts and Operations
- Presentation of Documents and Examination Standards
- Discrepancies in Documents and Handling Procedures
- Amendments to Letters of Credit
- Transferable and Revolving Letters of Credit
- Practical session: Identifying potential discrepancies in a set of presented documents under a letter of credit
Module 7: Guarantees and Standby Letters of Credit
- Understanding Different Types of Guarantees (Bid Bond, Performance Bond, Payment Guarantee)
- The Function and Application of Standby Letters of Credit
- Key Differences Between Commercial L/Cs and Standby L/Cs
- Risk Considerations for Banks Issuing Guarantees and Standby L/Cs
- Practical session: Analyzing the purpose and structure of a sample performance guarantee
Module 8: Trade Finance Instruments and Techniques
- Bills of Exchange and Promissory Notes
- Factoring and Forfaiting
- Supply Chain Finance Solutions
- Export Credit Agencies and Their Role
- Practical session: Comparing the features and benefits of factoring and forfaiting
Module 9: Risk Management in International Banking and Trade Finance
- Identifying and Assessing Credit Risk, Country Risk, and Foreign Exchange Risk
- Techniques for Mitigating Trade Finance Risks (Insurance, Hedging)
- Understanding Bank Risk and Correspondent Banking Relationships
- Trade-Based Financial Crime (Money Laundering, Terrorist Financing)
- Practical session: Developing a risk mitigation strategy for a specific international trade transaction
Module 10: Compliance, Regulations, and Future Trends
- Key International Banking Regulations (e.g., Basel Accords)
- Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Regulations in Trade Finance
- Sanctions and Embargoes in International Trade
- The Impact of Technology and Digitalization on Trade Finance (e.g., Blockchain)
- Practical session: Identifying key compliance considerations for a cross-border payment
Requirements:
· Participants should be reasonably proficient in English.
· Applicants must live up to Armstrong Global Institute admission criteria.
1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.
Booking for Training
Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.
Or call us on +254720272325 / +254725012095 / +254724452588
Payment Options
We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:
1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.
2. Invoice: We can send a bill directly to you or your company.
3. Deposit directly into Bank Account (Account details provided upon request)
Cancellation Policy
1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
2. Participants may cancel attendance 14 days or more prior to the training commencement date.
3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.
Tailor Made Courses
This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com
Accommodation and Airport Transfer
Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588
