Professionals involved in the commodity trading and financing value chain need to possess specialised knowledge to manage their risk exposures and avoid huge losses.

Commodities have had a rough ride in the last few years. This coupled with the need to improve returns on risk-weighted assets and capital deployed for banks, have resulted in some banks reducing their exposures to this sector, and concentrating only on the top end of the risk pyramid. Traders have stepped in to fill this financing gap in the market by venturing into various emerging markets. To improve their competitiveness, banks are actively exploring the use of risk mitigation tools to improve their capital efficiency for structured commodity trade financing. This has led to an increase in the use of trade credit insurance.

 

This Trade Credit Insurance workshop examines the use of credit insurance as an enabler of structured trade and commodity finance. Facilitated by industry veterans, this workshop adopts a case-study learning approach to share practical insights on how to put in place effective credit insurance solutions.

 

This is the Sixth of six modules leading to the SMU Executive Certificate in Structured Trade & Commodity Finance.

 

Programme Code

to be advised

Programme Objectives

  • Understand trade credit insurance

  • Learn the use of trade credit insurance in commodity financing

  • Stay relevant with key insurance industry developments

  • Gain insights from case discussions and learn from mistakes

Who should attend

  • Senior management in corporate lending looking into structured trade finance business

  • Relationship managers and bankers who advise trading and commodity companies

  • Trade finance specialist, account/marketing managers 

  • Commodity traders who are keen to learn the financing aspects of commodity trades

  • Corporate treasurers, finance directors in trading and commodity companies

  • Professionals in middle office functions such as credit, risk, audit and operations, responsible for ensuring proper execution, management and financing of commodity trades

  • Trade Credit Insurance brokers and professionals who advise clients

Topics

Trade credit insurance (TCI)

  • What is it?

  • Why is it relevant to banks, traders?

  • Nuances of the Insurance Act 2015 & implications for TCI contract

  • Salient features of TCI policies

  • Market for single risk business

  • Case discussion

Level of Proficiency

Intermediate

Assessment

An written assessment will be conducted at the end of the course.

Certification

Upon meeting the minimum attendance requirement and passing the assessment, participants will receive a Certificate of Completion.

Type of Course

Classroom

Category

Finance

Fees

Full Fee: S$1,070 per pax (incl. GST)

 

SkillsFuture Singapore (SSG) Funding for Individuals:

  • S$321 (incl. GST) for Singapore Citizens and Singapore Permanent Residents
  • S$121 (incl. GST) for Singapore Citizens aged 40 years and above

Funding

SkillsFuture Series
Course fee grant at 70% of course fees (excl. GST) for participants who are successfully enrolled by SMU into approved courses under the Programme. Participants must be Singapore Citizens or Singapore Permanent Residents.


SkillsFuture Mid-Career Enhanced Subsidy ("MCES")
Up to 90% of course fees for Singapore Citizens aged 40 years and above


Enhanced Training Support for SMEs ("ETSS")
Up to 90% of course fees; and 80% of basic hourly salary capped at $7.50/hr for local employees of SMEs


SkillsFuture Credit
Singapore Citizens aged 25 and above, and self-funding may use their SkillsFuture Credit (up to S$500) to defray part of the course fee. Please click User Guide on how to submit your claim. SkillsFuture Credit claims may be submitted by logging in via MySkillsFuture.sg.

Prerequisites

This is an advanced level course. Participants are required to have a good working knowledge of traditional trade financing such as Incoterms, trade documentations, documentary collection/credit and trade financing instruments such as bills of exchange, letters of credit, demand guarantees etc. Admission to the programme is subject to approval.  

Course dates

25 May 2018
Weekday 09:00 - 17:00

Contact Us

For enquiries, please contact Jaclyn Mah at 6828 0254 or email fti@smu.edu.sg

Programme Policies

Please click here for the programme policies, terms and conditions. 

Trainer's Biography

Abhishek Chhajer

Abhishek has close to 15 years of experience in credit insurance. He is the Senior Underwriter and Head of Trade Credit and Political Risk Division, Asia Pacific of specialist insurer, Markel International Singapore. He leads the local business development, policy servicing and risk underwriting. Prior to that, Abhishek worked in Atradius as the Head of Commercial in India and as a broker with Marsh & Willis.

 

Abhishek was among the first few professionals of credit insurance in India. He was instrumental in enabling the use of Credit Insurance for trade financing among Indian banks especially the likes of Axis Bank and Yes Bank. He has worked on numerous credit insurance related solutions for commodities traders and banks in the region.