Fee: RM 1,000 per pax
Loyalty Points: 1000 Points
Duration: 2 Days
Note: In-house course is available. Request it HERE
Banks play important role in facilitating and financing international trade transactions thereby leading to the growth of overall economy. So are the exporters and importers who are the players in international trade. The much needed working capital and trade financing facilities to run the day-to-day business either for local purchases and sales, or for imports and exports of a company, depends very much on the company’s availability of suitable trade finance products which are offered by banks.
Today banks can provide various trade finance facilities to help companies in their trading activities by giving various types of advances to importers (when importers are faced with tight cash position) and exporters (pending receipt of proceeds from the importers). The trade finance facilities offered by banks are Letter of Credit, Trust Receipts, Bankers Acceptance, Export Credit Refinancing (pre/post shipment), Foreign Bills of Exchange Purchased/Discounted, Shipping Guarantee, Bank Guarantee, Forex etc. Explanation on each type of facility will be given in order to suit the requirement of a company. As such the role of a bank is complementary to the business growth of a company, locally as well as internationally.
How Will You Benefit
Upon completion of this programme, the participants will be able to :
This program is suitable for Financial Controllers, Account Executives, Finance Executives, personnels involved in importing, manufacturing, exporting, shipping, freight forwarding, and trading concerns.
The programmes are conducted through interactive classroom lectures on key concepts, demonstration of procedures through visual aids, laptop & LCD projector, sample or real Letters of Credit and other shipping documents, various exercises given to participants to further understand the flow of Letter of Credit and the shipping documents, resolving problematic Letter of Credit, addressing discrepant documents and non-compliance to Letter of Credit, and exercises on other trade finance products.