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London School of Trade Finance

£4,895 +VAT
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A 5-day course, giving a practical viewpoint of all aspects of international trade and commodity finance.

Course Instructors:

  • The course instructor has over 25 years experience in the banking industry, 19 of which were devoted to the international trade finance and correspondent banking sectors. 
  • Guest Speaker 3 is Head of Supply Chain Finance at Lloyds where he joined nine years ago. His experience encompasses US style Distribution Finance, Receivable Purchase and Supply Chain Finance. 
  • Guest Speaker 1 is a partner at Taylor Wessing and heads the Financial Disputes group where he specialises in dispute resolution and investigations in the banking and finance sector.

  • Guest Speaker 2 is the Divisional Director of the International Maritime Bureau and a Director of ICC Commercial Crime Services. He has been instrumental in identifying systematic international fraudsters and assisted in the investigation of the largest fraud in trade finance history.


"Well organised" "Best trainer I ever had!'"                                                  
Vice President, Agri Commodities, ABN AMRO

"Excellent content. Brilliant instructor with enormous knowledge of subject. Very comprehensive, I Iearnt a lot"
Regional Manager, Commercial Banking, Fidelity Bank

This Euromoney Training course covers all aspects of international trade and commodity finance from a practical viewpoint. Heavy emphasis is placed upon risk assessment and problem solving techniques, through a clear understanding of a customer's trade cycle. Whilst each of the banking products is dealt with in detail, great attention is paid to the effective and appropriate use of these mechanisms in meeting the customer's needs, with a view to generating remunerative and controllable business for the bank and the customer. The course is highly interactive and centres around the use of a variety of case studies, mostly based upon live files.

How this course will assist you?

By attending this interactive and highly practical 5–day training course you will learn best practices for:

  • Structuring successful trade deals and getting them approved.
  • Understanding all contractual obligations in trade finance.
  • Mastering facility and back-to-back structures.
  • Supporting the exporter: guarantees and forfeiting including the legal aspects.
  • Learning the structures, products, developments and risk management in commodity trade finance.
  • Managing the recent regulatory developments affecting trade finance.


 Who should attend?

  • Trade, Export, Commodity Finance Executives
  • Import, Export Managers
  • Corporate Relationship Managers
  • Staff within Credit and Risk Management Functions
  • Relationship Managers within Financial Institutions
  • Senior Operations Personnel

Day 1

Critical Issues in Trade Finance Today
• Trade finance – an alternative to balance sheet lending
• The impact of Incoterms in the trading environment

Case study: Interactive consideration of contractual needs

Understanding and using bills of exchange / promissory notes
• Bill discounting - accelerating the cashflow - the value of avalised bills
• International trade documentation focus on documents of title
• Documentation and the internet - ‘BOLERO’
• Payment terms - appreciating the customer’s risk awareness
• Documentary collections - understanding the mechanics

Case study: Risk and control features in documentary collections.

Effective use of collections for short term finance


Day 2

Documentary Credits
• Basic operations and risk appreciation
• Irrevocable, unconfirmed and confirmed credits
• Sight, term, negotiation and deferred payment credits

Case study: Risk assessment in a documentary credit facility

• Discounting and advancing funds
• Silent confirmations
• Syndicated credits
• Revolving credits

Guest Speaker Presentation

Changes and Challenges in, and Costs and Consequences of the New Regulations
• An overview of the changing face of regulation: Basel, EU and UK
• An analysis on the latest papers and their likely impact: capital, liquidity, accounting and governance
• What steps will banks have to take to comply with the evolving regulatory demands
Irving Henry, Director, Prudential Capital and Risk, British Bankers' Association (BBA)

Controlling Credit Exposure in Documentary Credits
• Formulating a limit

Case study: Calculating the size of a trade finance facility

Back-to-Back and Transferable Credits
• Basic mechanics and structures
• Risk and control features

Case study: Structuring a back to back facility


Day 3

Supporting Export Contracts
• The use of bonds, guarantees and standby credits
• Bid, performance advance payment and retention bonds
• Legal jurisdiction and expiry date issues
• Opportunity spotting

Case study: Interactive interviews with an exporter

The Forfaiting Market
• Styles and structures
• Discounting mechanisms
• The secondary bill market
• The value of without recourse financing

Guest Speaker Presentation

The Law Relating to Letters of Guarantee
• The Autonomy Principle
• Procuring the issue of foreign guarantees and dealing with correspondent banks
• Litigation and the fraud exception
• Methods of preventing the issuing bank from paying the beneficiary
Shane Gleghorn, Partner, Financial Disputes, Taylor Wessing

Getting a Deal Approved
• Understanding and explaining the trade cycle
• The use of time lines
• Assessing and appreciating funding gaps

Case study: Interactive interviews with a trader

Factoring and Invoice Discounting
• Financing open account transactions
• The role of factoring companies
• Invoice discounting versus full service factoring

Short Term Credit Insurance
• Assessing the extent of cover
• Risk appreciation
• Financing with credit insurance support


Day 4

Commodity Finance Overview
• Assessing the value of collateral and receivables
• Looking beyond the balance sheet
• Available documentation - taking and retaining title

Pre-export Finance
• Risks relating to grower / producer finance
• Assessing the country risk
• Understanding the trade flows

Case study: Evaluation of a pre-export finance proposition

• The use of red and green clause credits

Guest Speaker Presentation

Practical Measures for Identifying and Avoiding Risk for Trade Finance Bankers and Traders – an Analysis Based Upon Cases Handled by the IMB
• Exploring how bankers and traders can identify the risks in trade finance
• Analysing recent case studies of buyers, sellers and banks at risk
• Meaningful investigations into the recovery of losses
• Practical precautions for banks and traders
Michael Howlett, Divisional Director, ICC International Maritime Bureau, ICC Commercial Crime Services

Financing the Commodity Trader
• Appreciating supply and delivery routes
• Assessing the quality of the trade
• Control in a warehousing environment
• Tolling transactions
• Letters of indemnity

Case study: Interactive assessment of a commodity trader’s financing needs

Financing the End User
• Source and reliability of supplies
• Understanding the manufacturing process


Day 5

Commodity Futures
• Understanding hedging techniques
• The role and value of the exchanges

Countertrade Techniques
• Understanding structural differences
• The effective use of escrow accounts
• The potential role for the banker
• Assessing the viability of a transaction

Case study: Structuring a counterpurchase deal

Fraud in Trade and Commodity Finance
• Common problem areas
• Sources of assistance
• High profile examples and lessons to be learnt

Case study: Syndicate based assessment of a fraudulent transaction

An Overview of Export Credit Agencies
• Medium / long term finance
• Risk coverage and basic mechanisms
• Covering the residual risks
• Subsidised financing

Case study: Meeting the customer’s needs – finding a trade finance solution

Course summary and close

  • The course instructor has over 25 years' experience in the banking industry, 19 of which were devoted to the international trade finance and correspondent banking sectors.

    The bulk of his banking career was spent with Bankers Trust Co, as a Vice President in the trade banking division, where he conducted business throughout Europe, Africa and the Middle East. He specialized in practical problem solving for major corporates and commodity traders, and carries those skills into his present day training and consultancy work.

    For over 12 years the course instructor has worked as a consultant responsible for international trade courses. In all, the course instructor has provided training courses in over 30 countries.

  • Guest Speaker 3 is Head of Supply Chain Finance at Lloyds where he joined nine years ago. His experience encompasses US style Distribution Finance, Receivable Purchase and Supply Chain Finance. He introduced both Receivable Purchase and Supply Chain Finance as new to bank products within Lloyds. Prior to his twelve years experience in Trade Finance, he spent a decade in credit insurance where he was CEO of two leading Trade Credit Insurance businesses.

  • Guest Speaker 1 is a partner at Taylor Wessing and heads the Financial Disputes group where he specialises in dispute resolution and investigations in the banking and finance sector. He has wide-ranging experience in acting for financial institutions and companies in complex litigation and regulatory disputes.

    He acts for banks and other financial institutions in all areas of contentious business, risk management and reputational risk, including contentious regulatory matters. He is recognised in the area of banking litigation by Chambers and Legal 500. Chambers notes that he is “charming yet relentless” and impresses sources for being able to “get to the objective of a case very quickly”.

    He has a Masters of Law in Banking and Finance from the University of London (King’s College).

  • Guest Speaker 2 is the Divisional Director of the International Maritime Bureau and a Director of ICC Commercial Crime Services. He has been instrumental in identifying systematic international fraudsters, invited to provide evidence and appear as a witness in trade related criminal cases and assisted in the investigation of the largest fraud in trade finance history.


    He oversees the daily operations of the Bureau’s London activities. In addition to advising member banks with suspect or irregular presentations, He closely co-ordinates with the IMB’s trading, shipping and insurance company members with regards to loss prevention and advice and works closely with the Piracy Reporting Centre in Kuala Lumpur.

    He has travelled on investigations to a number of countries, spoken at numerous conferences and seminars worldwide and written papers on areas connected with the subject of fraud and malpractice in international trade.

Central London Hotel Venue, London, UK

All Euromoney Training courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.








 
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