Managing International Trade Financing Risks

Programme Code: CRS-N-0045008 (Funding Validity Period: 15 Dec 2017 - 30 Sep 2020)

Overview

Essentials of Trade Finance

International trade is diverse and complex as parties involved often have to deal with unfamiliar counterparties, customs and regulations in cross-border transactions. This 2-day workshop examines the range of trade financing instruments that are used for financing and managing risks in international trade transactions.

Participants will learn the mechanism of different methods of payment, risk mitigation, documentation and governing rules, as well as the identifying the warning signs when dealing with discrepancies and fraud. 

Next Course Starts On23 Jan 2019 (Wed) See Full Schedule
Fee SGD1712.00* (as low as SGD193.60* after maximum funding) Learn more
Duration

2 days

Level
Basic
Venue

Singapore Management University

Learning Objectives
  • Understand the key risks in international trade financing
  • Know governing rules & documentation for international trade
  • Learn the different methods of payment & their inherent risks
  • Apply control measures to mitigate risk exposures
  • Appreciate technology innovation driving changes in trade financing and control

Topics/Structure

Key Risks in International Trade Financing

  • Risks encountered by buyers & sellers in international trade
  • Performance, non-acceptance, documentation & payment risks
  • Measures to mitigate risks

International Trade Finance Rules

  • INCOTERMS 2010, Bills of Exchange Act
  • UCP 600, eUCP
  • URC522, ISP98, ISBP681, URR725, URDG758
Essential Documents
  • International Commercial Terms (INCOTERMS)
  • Essential documentation for trade transactions
  • Nature & characteristics of key documents

Methods of Payment & Inherent Risk

  • Open account
  • Payment in advance
  • Documentary collection
  • Documentary credit 

Documentary Credit: Letter of Credit (LC)

  • Features, mechanism, risk & control
  • Specialized LCs – transferable, back-to-back, revolving & standby LC

Other Types of Financing

  • Bank guarantee
  • Supply chain financing (e.g. invoice financing, warehouse recipt financing)

Risk & Controls in Trade Financing

  • Legal aspects of LC
  • Dealing with discrepancies & fraud

Trends & Developments 

  • Regulatory governance on anti-money laundering & countering the financing of terrorism in trade finance
  • Blockchain technology & applications in trade finance

Who Should Attend

  • Corporate treasurers, finance and shipping executives
  • Professionals in trade credit insurance, risk management, audit, compliance and operations
  • Corporate bankers, junior trade specialists and management associates

Assessment

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

Fees and Funding

Full Fee: S$1,712 per pax (incl GST)

Nett Fee payable after SkillsFuture Singapore (SSG) Funding:

  • S$513.60 (incl GST) for Singapore Citizens and Singapore Permanent Residents
  • S$193.60 (incl GST) for Singapore Citizens aged 40 years and above
  • S$193.60 (incl GST) for Singapore Citizens and Singapore Permanent Residents on Enhanced Training Support for SMEs (ETSS)
  • S$113.60 (incl GST) for Singaporeans on Workfare Training Support (WTS)

 

• All self-sponsored Singaporeans aged 25 and above can use their $500 SkillsFuture Credit to pay for the programme. Visit the SkillsFuture Credit website (www.skillsfuture.sg/credit) to select the programme.

• Mid-Career Enhanced Subsidy - Singaporeans aged 40 and above may enjoy subsidies up to 90% of the programme fee

• Workfare Training Support (WTS) - Singaporeans aged 35 and above (13 years and above for persons With disabilities) and earn not more than S$2,000 per month, may enjoy subsidies up to 95% of the programme fee.

• Enhanced Training Support for SMEs (ETSS) - SME-sponsored employees (Singaporean Citizens and PRs) may enjoy subsidies up to 90% of the programme fee. For more information, visit www.ssg.gov.sg/programmes-and-initiatives/training/enhanced-training-support-for-smes.html.

• Eligible organisations (excluding government entities) may apply for the absentee payroll funding via SkillsConnect at www.skillsconnect.gov.sg for Singaporean/permanent resident participants attending the programme during working hours. The absentee payroll funding is computed at 80% of hourly basic salary capped at $4.50 per hour or $7.50 per hour for SME or 95% of hourly basic salary for WTS. For more information, visit https://www.skillsconnect.gov.sg/sop/portal/e-Services/For%20Employers/AbsenteePayroll.jsp

 

Union Training Assistance Programme (UTAP)

All NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when signing up for courses supported under UTAP. For details on eligibility, terms and conditions, please click here

Schedule

Start Date(s)
Intake Information

23 & 24 Jan 2019 (Wed & Thu)

Program is held from 9am - 5pm

Speaker/Trainer Bio

Adam Wong is a veteran corporate and consumer banking professional, with over 24 years’ experience. He held senior positions in local and global banks including DBS Bank, American Express and Standard Chartered Bank. He has extensive experience in managing corporate businesses focusing on SME and Corporate Banking. A passionate trainer with over 20 years’ training experience and consistently good reviews, Adam has a flair of making complex concepts easy to understand, and is good at sharing useful tips that are relevant for application in work practices.

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