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Topic detail |
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There are 24 units of training in the complete syllabus, grouped into three sections. This table shows you which units are included in which courses. |
| FOUNDATIONS (6 hours) | Trade
Tutor Banking |
LC Expert | Trade Essentials |
| Hazards
of international trade The risks facing international traders, and how banks can help manage some of these risks |
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Methods of trading
compared |
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| Financial
documents Bills of exchange and promissory notes. What they are, how they are used |
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Commercial documents |
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| Incoterms 13 standard sets of trading terms, defined by the ICC |
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| Nostro-vostro
accounts Bank-to-bank accounts supporting correspondent banking |
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| Payment
methods SWIFT, cheques, bank drafts etc. and their pros and cons |
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| Foreign
exchange Introduction to spot rates, forward contracts, options |
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| COLLECTIONS: URC 522 (5 hours) | Trade
Tutor Banking |
LC
Expert |
Trade Essentials |
| How
collections work Stages in the collection process. Documentary & clean collections |
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| Parties
to the collection Names for buyer and seller, roles that the banks may play |
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| Responsibilities
of the banks in a collection Key responsibilities as set out in URC 522 |
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| The
collection order How the seller instructs the bank on the handling of the collection |
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| Checking
the collection Checks carried out by the banks on the collection before sending out |
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| Amendments
and withdrawals |
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| LETTERS OF CREDIT: UCP 600 (8 hours) | Trade
Tutor Banking |
LC Expert | Trade Essentials |
| How
letters of credit work Sequence of events during the letter of credit process |
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| Parties
to the letter of credit Names for buyer and seller; roles that the banks may play |
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| Confirmed
letters of credit What they are, when they are needed |
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Responsibilities
of the banks in letters of credit |
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| The
letter of credit document The data elements and fields that are found in all letters of credit |
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| Settlement
and reimbursement Payment, negotiation, acceptance, recourse issues etc. |
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| International
Standard Banking Practice (ISBP) A set of recommendations for document examination from the ICC |
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| How
to check documents for compliance Key issues & checklists for each document type, for the exporter & banks |
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| Document
checking exercises Practice in checking skills, using specimen sets of documents |
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| Special
letters of credit. Standby, back-to-back, transferable and revolving LCs etc. |
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| © Mantissa Limited 2004. Mantissa reserves the right to change topic coverage and/or syllabuses without notice | |||