FOREX for Trade of Finance
FOREX and trade finance are two integrated lines of commercial banking. Bankers involved in trade services operations and selling need to develop a comprehensive and precise technical knowledge of both domains.
Who should attend
Bankers at all levels and ranks involved in selling the bank’s commercial products in addition to trade finance practitioners involved in LC issuance, checking documents, advising export LCs, handling collections and settlements whether between the bank and the customer or amongst the banks themselves.
General Description
The course duration is 20 – 24 hours. The course covers the following topics:
1. Documentary Credit Overview - UCP600 Revision.
2. The Sales Agreement, INCOTERMS.
3. Parties to Documentary Credit Transactions.4. Issuance.5. Transport Documents and other Documents.
6. Checking Documents.
7. Presentation and Settlement.
8. Bank-to-Bank Reimbursement under Documentary Credit.
9. FOREX Related to Trade Finance Operations and Direct Settlements.
10. Review of Trading Basics.
11. Introduction to the Foreign Currency Market.
12. What is Forex?
13. The History of Forex Trading.
14. What Influences the Market?
15. Benefits of Trading Forex.
The Course Objectives1. To understand the integral relation between Trade Finance and FOREX.
2. To understand the complexity of LCs operations and FOREX.
3. To learn the fundamentals of FOREX trading.
4. To realize the opportunities that could arise from currency fluctuations.
5. To develop a complete product knowledge for selling purposes.
4. To understand the different types and uses of LCs.
5. To learn handling presentations.
6. To learn the art of checking documents.
7. To understand the application of the URR725.
8. To learn the FOREX fundamentals related to trade finance operations.Material
Over 500 pages (Three Authoritative Technical Books) covering the whole subject from a practical banking perspective
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