Trade Finance is a large industry, accounting for 3% of global trade, worth some $3tn annually and has been reviewing the global trade and export finance markets since 1983 and what constitutes trade finance has gone from a basic letter-of-credit product to highly structured combined bond and debt ECA financings.
Simply put, it's the financing of trade in a company life cycle, whether you're sending goods, services or commodities, a variety of financial instruments are used to structure this, under the umbrella term 'trade finance'. Trade finance includes Letters of Credit (LCs), export finance and credit agencies, receivables and invoice finance, as well as bank guarantees.
By attending Trade Finance workshop, delegates will learn to:
- Understand basics of global trade and importance of trade finance
- Understand how companies settle their cross border commercial transactions
- Learn the various risks involved and instruments available to mitigate risks
- Identify different documents, understand the importance and usage of these documents
- Understand the different types of trade finance products & solutions
- Understand the different trade finance instruments
- Understand the roles of banks in trade finance and various solutions offered by Banks
- Understand INTERCOMS
- Understand regulatory framework - RBI, FEMA, DGFT etc