Mastering Trade Finance Instruments and BCMP Implementation

Groupe cible

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;
• …

Connaissances préalables

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

Programme

CONTENT

• Module 1 : Standard Letters of Credit versus Structured Letters of Credit
  • Introduction to Trade Finance:
    • Trade Finance Basics
    • Sales Contracts and Proforma Invoice
    • Payment Methods
    • UCP 600 (Uniform Customs and Practice for Documentary Credits)
    • Incoterms 2020 (International Commercial Terms)
    • eUCP (Supplement to UCP for Electronic Presentation)
  • LC Types:
    • Revolving LC
    • Red Clause LC
    • Transferable LC
    • Back-to-Back LC
    • Assignment of Proceeds LC
    • Evergreen LC
  • Overview Transport and Financial Documents
  • IRU’s ‘Irrevocable Reimbursement Undertaking)
  • LC Parties Risks
  • Structured Trade Financing Options:
    • Forfaiting & URF 800 (Uniform Rules for Forfaiting)
    • Factoring
    • Receivables Discounting
    • Pre and Post-Export Financing
    • Buyer's Credit
    • Supplier's Credit
    • Credit Insurance Financing
    • Supply Chain Financing
    • Blockchain Financing
  • Future of Trade Finance: Emerging Trends and Technologies
• Module 2: Documentary Collections ‘DC’s’
  • Definition
  • Types,
  • Bank Aval,
  • Financing against DC’s
  • Parties Risks
  • Discounting of drafts, …
• Module 3: Letters of Guarantee versus Standby Letters of Credit
  • LG definition and Processes: Direct and Indirect LG’s
  • LG Types: Performance -Advance Payment –Retention –Rental –Customs -LG Bank Facility etc…-Letters of Indemnity –Suretyships
  • LG Transferability and Assignment of Proceeds
  • Standby LC’s types
  • LG & SBLC Parties Risks
  • Differences between LG’s and Standby LC’s
  • LG & SBLC’s Fair - Unfair Call Risks
• Module 4: Money Laundering - Fraud - Sanctions - Red Flags linked to Trade Finance Instruments
  • Definitions
  • ML Stages
  • Risk indicators
  • RBA linked to the ‘KYC’ process, DAC6, SEDD
  • Fraud cases and how to minimize losses
  • Cybersecurity, Covid 19
  • Red Flags linked to the ‘KYT’ (Know your Transaction) Process
  • BCP objectives, BCP requirements in terms of policy and procedures,
  • BIA questionnaires,
  • BCP software implementation

PRACTICAL INFORMATION

• Duration: 2 x ½ day of training (2 times 3 class hours)
• Hours: 09:00 to 12:30
• Language: This training will be given in English
• Location: This training will be given online
• CPD hours: Each module includes an online test consisting of multiple-choice questions. CPD hours will only be granted if you pass the test. You are entitled to 2 attempts to pass the test. If you do not pass (result lower than 60%), CPD hours will not be granted for this (sub)module. We therefore recommend that you take the test only when you are sure you master the subject matter. 

Méthodologie

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.