Mastering Trade Finance Instruments and BCMP Implementation

Target group

This training course can be followed by multiple target groups:

• professionals who desire a comprehensive understanding of the fundamental elements of trade finance, regardless of their prior knowledge or experience in the field;
• commercial managers;
• risk managers;
• compliance officers & legal advisors;
• internal & external auditors;
• consultants;
• …

Required prior knowledge

Advanced level training: this training requires a general basic knowledge of the subject.

Programme

CONTENT

Module 1: Standard versus Structured Letters of Credit

• Introduction to Trade Finance 
• Documentary Credits: An Overview , UCP 600
• Sales Contract - Proforma Invoice 
• Trade Payment methods
• Incoterms 2020
• LC Parties: Role, Legal Responsibilities
• Documentary Credit flow
• LC Types and  Uses: Revolving, Red Clause, Transferable, Back to Back, Assignment of proceeds, Evergreen, Case Studies
• Documents: Transport, Insurance, Financial
• IRU’s ‘Irrevocable Reimbursement Undertaking’
• Documentary Risk Issues, Confirmation (Open-Silent)
• ‘STF’ Structured Trade Finance  Operations: Forfaiting and URF 800, Factoring, Buyer and Suppliers credit, Credit Insurance Financing, Pre-Post Export Financing, Receivables Discounting
• Supply Chain and Block Chain Financings
• Digitalisation and Future of Trade Finance: Emerging trends and technology: MLETR, eUCP, eURC, URDTT, etc…

Module 2: Documentary Collections DC’s

• Basic principles, URC 522
• Parties and DC Types: D/P, D/A, Aval    
• Documentary Collection Flows
• Risks linked to DC’s
• Finance against Documentary Collections
• Discount of an avalized draft – Purchase of Bills-Documents, Case Study
• Documentary Collection versus Letter of Credit  

Module 3: Demand Guarantees versus Standby LC’s

• DG Definition, Parties, URDSG 758  and Processes : Direct – Indirect
• DG Types ‘Bid, Performance, Retention, Advance Payment, Rental, Customs, etc…),  Suretyships, Letters of Indemnity types, etc…
• DG Bank Facility
• Misuse of Rights versus Unfair Call of DG’s
• LG Transferability and Assignment of Proceeds
• Standby LC’s Definition, UCP 600 and ISP 98
• Standby LC’s Types
• Standby LC’s Parties Risks and legal Responsibilities, Confirmation (Open-Silent)
• Unfair call of SBLC
• Standby LG’s versus DG’s and LC’s

Module 4: Money Laundering – Fraud – Sanctions – Red Flags linked to Trade Finance Instruments 

• Definitions
• ML Stages
• Risk Indicators
• ‘RBA’ Risk Approach Methodology linked to the KYC Process
• Fraud Cases and how to minimize losses
• Cybersecurity, Covid 19
• DAC 6 – SEDD - Sanctions
• Fraud / Money Laundering Procedures
• Red Flags linked to ‘KYT’ Processes

Module 5: BCP and Operational Resilience

• Definitions, Objectives, Pillars, ISO 22301, Requirements in terms of Policies and Procedures,
• Operational resilience versus Business Continuity Plan
• BIA: Definition, Questionnaire
• BCP Software Implementation 

PRACTICAL INFORMATION

• Duration: 3 x ½ day of training (3 x 3 class hours)
• Hours: 09:00 to 12:30
• Language: This training will be given in English
• Location: This training will be given online.
• Additional information: How do you start the webinar? You will receive a login and password by email to access our platform. In the platform you will find a link. By clicking on the scheduled date the webinar will start via Webex or Teams. In order to receive CPD hours, it is important to enter your own name and surname, follow the entire training day and answer the questions suggested by the trainer. Do not follow the training with several people on the same PC.

Methodology

You follow a ‘Live webinar’ digitally in a group. It is ‘learning-apart-together’. At an agreed time, the teacher and participants log in to a video conference tool, each from his or her own location and with his or her own computer. Via this tool’s camera, microphone and chat function, there is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).

Training material:

• PowerPoint presentation (slides);
• Live Video.