Fundamental International Trade Finance

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
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