15/02/2022
Fundamental International Trade Finance
Learning Objectives:
- Identify payment options for various trade transactions
- Recognize the risks and advantaages of payment options for both buyers and seller
- Distinguish between major categories of Letters of Credit
- Analyze the application of different types of Letter of Credit to International trade transactions
- Understand the process of determining whether a documentary credit application form has been completed, in terms of its content, bank policy and regulatory requirements, and determining that the transaction falls within the availability and terms of a credit facility granted to a customer
- Understand the risks associated with the issuance of a documentary credit
- Understand the choice between an advising bank to deliver a documentary credit to a named beneficiary