Trade Finance - Part 1 (2019)

Trade Finance - Part 1 (2019)

Updated

Overview

This eCourse consists of two modules. Module 1 addresses the issues and potential difficulties that trade transactions present for – buyers (importers) and sellers (exporters) – involved in such transactions. These challenges include ascertaining a method of payment that is acceptable to both parties and obtaining access to appropriate products in order to finance transactions. It also looks at
various other aspects of trade finance.

Module 2 looks at bonds/guarantees that trading parties use to compensate for nonpayment/nonperformance and/or contribute to cash flow management. This instrument is used as trade transactions, both domestic and cross-border, can give rise to significant risks and complexities, including nonpayment risk, nonperformance risk, and cash flow uncertainties.

Objective

On completion of this course, you will be able to:
- Recognize the need for trade finance products and the different types of product providers
- Identify the main methods of payment used for trade transactions and the forms of finance and other support that can be used by exporters and importers for an individual transaction
- Recognize the importance of trade documentation and the role of the various rules/guidelines published by the International Chamber of Commerce (ICC)
- Recognize why bonds/guarantees are commonly used in relation to contracts for the delivery of goods or construction projects
- Identify the different types of bond/guarantee provided by banks and other guarantors to their customers

Content

Module 1: Trade Finance - An Introduction
Topic 1: Overview of Trade Finance
Topic 2: Trade Finance Products & Other Forms of Support
Topic 3: Trade Documentation, Uniform Customs & Rules, & Incoterms

Module 2: Bonds & Guarantees
Topic 1: Overview of Bonds & Guarantees
Topic 2: Categories & Types of Guarantee

Details

Code
TEPBS19003401
Venue
ePlatform
Language
English
Level
Intermediate
Hours
SFC:2.50, PWMA:2.50
Fees
All Member: HK$725
Staff of Corporate Member: HK$725
Non-Member: HK$1025