Roles of Banks in Trade Finance
In this course of Roles of banks in Trade Finance you will be learning about Assistance of banks to both sellers and buyers by providing finance and collecting documents and the payment thereof from the buyer play a very important role in trade finance. Banks advise clients to mitigate their risks by arranging to procure policies for the shipment being effected. Every bank has to mitigate various risks by framing guidelines approved by the Board of Directors of individual bank and implement the same by monitoring periodically.
The need of awareness of staff dealing in such activities is important. The guidelines prescribed should be based on the directives given by the central bank of a country. What is a letter of credit, its definition, what are bills, what all documents to be presented to a bank etc.? What is forward and benefits of booking a forward contract for a trade transaction. The normal documents used in Trade finance. Commercial, Financial and Transport documents and the purposes of each of them in trade. You will be also learning about the purpose of issuance of Commercial, Financial and Insurance documents. Specific instructions quoted in each of them. What are the additional documents used in India by exporters and importers which are mandatory. How the Commercial bank and Reserve Bank of India monitors export-import transactions based on these documents? Important pointed to be quoted in the Sales agreement between a seller and buyer to avoid any misunderstanding or confusion afterwards. Benefits of exports for a country to progress and to improve its balance of payment situation. Benefits and risks involved in the Open account, a mechanism of payment. Requirement of high confidence in importer for payment. Best suited for traders who have longstanding relationship and a good history for payment in time. Risk of importer while making advance payment against exporter, for non-shipment by exporter. Guidelines of the Reserve Bank of India to monitor advance payment. Received by exporters from countries. Circumstances under which the importer is compelled to make advance remittance. How the process of Bills for collection takes place. What are the drawbacks under the payment mechanism compared to other types? What are the roles of collecting bank and remitting bank in the process of collection? Etc. things you will be learning under this course.
|Where do our learners come from?|
|Professionals from around the world have benefited from eduCBA’s Roles of Banks in Trade Finance courses. Some of the top places that our learners come from include New York, Dubai, San Francisco, Bay Area, New Jersey, Houston, Seattle, Toronto, London, Berlin, UAE, Chicago, UK, Hong Kong, Singapore, Australia, New Zealand, India, Bangalore, New Delhi, Mumbai, Pune, Kolkata, Hyderabad and Gurgaon among many.|