Course Detail(BF077 : Trade Finance Master Class: Letters of Credit & Related Issues)

BF077 : Trade Finance Master Class: Letters of Credit & Related Issues

14.00 CPE Hours (Others)
Classroom

Programme Objective

In today’s context, are Documentary Credits still a viable form of Trade Finance? This seminar will inform participants about using Letters of Credits to finance a transaction, the obstacles to hinder credits (Eg. Bank facilities, variations of documentary credits, KYC, KYCC, etc), the Risks associated with Documentary Credits (Eg. Non-payment risks, non-acceptance risks, etc) and how to get paid under a Documentary Credit (Eg. Avoiding discrepancies, sanction, and moratorium, etc)

This seminar will cover:

1) Overview of International Trade
2) Choice of Payments
3) Sales Agreements
4) Key risks in International Trade – Political, Economic, Foreign Exchange, Non compliance to terms & conditions.
5) Comparison of the Different Payment Terms – Open A/c, Advanced Payment, Collections, Documentary Credits.
6) The New Incoterms
7) The Different Types of Documentary Credits – Sight/Usance, Confirmed, Red Clause, Back-to-Back, Transferable.
8) Examples on real scenarios.

Programme Outline

Day 1
1) Overview of International Trade – basic trade environment
2) Basic understanding of Contracts & Sales Agreements
3) Documentary Credits - It all starts with the Application Form.
4) Uniform Customs & Practice for Documentary Credits – UCP 600
5) Documentary Credits processing, and Compliance issues.
6) Questions and Answers and Discussions.

Day 2
1) Roles and responsibility of an advising, negotiating and confirming bank.
2) Responsibilities of a nominated bank and acting under a nomination.
3) Understanding the various types of Documentary Credits
4) Types and methods of payment.
5) The New Incoterms
6) Questions and Answers and Discussions.


Training Methodology

Classroom style presentations, with sharing of practical examples as well as discussions.


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A foundation to intermediate level seminar intended for Managers, Executives and Professionals who are involved in L/C operations. Those who are interested to acquire valuable insights into the subject area of trade finance are encouraged to attend as well.

Competency Mapping

Others = 14.00 Hours

Schedule & Fees

Date & Time

12 Mar 2020 (9:00 AM - 5:00 PM)
13 Mar 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Richard Yeo Chin Keat

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537

Date & Time

07 Sep 2020 (9:00 AM - 5:00 PM)
08 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Richard Yeo Chin Keat

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537

Date & Time

26 Aug 2019 (9:00 AM - 5:00 PM)
27 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Richard Yeo Chin Keat

Date & Time

05 Dec 2018 (9:00 AM - 5:00 PM)
06 Dec 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Richard Yeo Chin Keat

Date & Time

07 Aug 2018 (9:00 AM - 5:00 PM)
08 Aug 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Richard Yeo Chin Keat

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Richard Yeo Chin Keat
MBA, MIEx (Grad), ACIB


Richard has over 25 years of working experience in the banking industry, covering the areas of International Trade Finance, Funds Transfers (Remittances), Business Administration, Retail Banking and Risk Management. He has worked in various international banks and is actively involved in conducting in-house training and presentations.

Prior to his present position as a key management staff in a listed company, he was a Senior Manager in an MNC. He was also a Deputy General Manager and Compliance Officer in an offshore bank, in charge of Trade Finance, Settlements, Remittances, Deposits, Loans Administration, Correspondent banking as well as Accounting and Regulatory Compliance.

Richard is a registered Associate Trainer with the Institute of Banking and Finance (IBF), and a part-time Associate Lecturer with the Singapore Institute of Management (SIM) and also a part-time Tutor with Business and Management Education Limited, for the Manchester Business School MBA program conducted in Singapore.

Richard is an Associate Member of the Chartered Institute of Bankers, a graduate member of the Institute of Exports (UK) and holds a Master of Business Administration degree, jointly awarded by the University of Manchester and the University of Wales, UK.

Programme Objective

In today’s context, are Documentary Credits still a viable form of Trade Finance? This seminar will inform participants about using Letters of Credits to finance a transaction, the obstacles to hinder credits (Eg. Bank facilities, variations of documentary credits, KYC, KYCC, etc), the Risks associated with Documentary Credits (Eg. Non-payment risks, non-acceptance risks, etc) and how to get paid under a Documentary Credit (Eg. Avoiding discrepancies, sanction, and moratorium, etc)

This seminar will cover:

1) Overview of International Trade
2) Choice of Payments
3) Sales Agreements
4) Key risks in International Trade – Political, Economic, Foreign Exchange, Non compliance to terms & conditions.
5) Comparison of the Different Payment Terms – Open A/c, Advanced Payment, Collections, Documentary Credits.
6) The New Incoterms
7) The Different Types of Documentary Credits – Sight/Usance, Confirmed, Red Clause, Back-to-Back, Transferable.
8) Examples on real scenarios.

Programme Outline

Day 1
1) Overview of International Trade – basic trade environment
2) Basic understanding of Contracts & Sales Agreements
3) Documentary Credits - It all starts with the Application Form.
4) Uniform Customs & Practice for Documentary Credits – UCP 600
5) Documentary Credits processing, and Compliance issues.
6) Questions and Answers and Discussions.

Day 2
1) Roles and responsibility of an advising, negotiating and confirming bank.
2) Responsibilities of a nominated bank and acting under a nomination.
3) Understanding the various types of Documentary Credits
4) Types and methods of payment.
5) The New Incoterms
6) Questions and Answers and Discussions.


Training Methodology

Classroom style presentations, with sharing of practical examples as well as discussions.


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A foundation to intermediate level seminar intended for Managers, Executives and Professionals who are involved in L/C operations. Those who are interested to acquire valuable insights into the subject area of trade finance are encouraged to attend as well.

Competency Mapping

Others = 14.00 Hours

Programme Facilitator(s)

Richard Yeo Chin Keat
MBA, MIEx (Grad), ACIB


Richard has over 25 years of working experience in the banking industry, covering the areas of International Trade Finance, Funds Transfers (Remittances), Business Administration, Retail Banking and Risk Management. He has worked in various international banks and is actively involved in conducting in-house training and presentations.

Prior to his present position as a key management staff in a listed company, he was a Senior Manager in an MNC. He was also a Deputy General Manager and Compliance Officer in an offshore bank, in charge of Trade Finance, Settlements, Remittances, Deposits, Loans Administration, Correspondent banking as well as Accounting and Regulatory Compliance.

Richard is a registered Associate Trainer with the Institute of Banking and Finance (IBF), and a part-time Associate Lecturer with the Singapore Institute of Management (SIM) and also a part-time Tutor with Business and Management Education Limited, for the Manchester Business School MBA program conducted in Singapore.

Richard is an Associate Member of the Chartered Institute of Bankers, a graduate member of the Institute of Exports (UK) and holds a Master of Business Administration degree, jointly awarded by the University of Manchester and the University of Wales, UK.


Upcoming Schedule

Date & Time

12 Mar 2020 (9:00 AM - 5:00 PM)
13 Mar 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Richard Yeo Chin Keat

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537