Trade Credit Insurance

Programme Code: CRS-N-0045964 (Funding Validity Period: 13 Apr 2018 - 30 Sep 2020) | This module is part of SMU Executive Certificate in Structured Trade & Commodity Finance

Overview

An Enabler of Structured Commodity Financing

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.

 

Next Course Starts On27 Apr 2019 (Sat) See Full Schedule
Fee SGD1070.00* (as low as SGD121.00* after maximum funding) Learn more
Duration

1 day

Level
Intermediate
Venue

Singapore Management University

Learning 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

Topics/Structure

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

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

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.  

Assessment

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

Fees and Funding

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

Nett Fee payable after SkillsFuture Singapore (SSG) Funding:

  • S$321 (incl GST) for Singapore Citizens and Singapore Permanent Residents
  • S$121 (incl GST) for Singapore Citizens aged 40 years and above
  • S$121 (incl GST) for Singapore Citizens and Singapore Permanent Residents on Enhanced Training Support for SMEs (ETSS)
  • S$71 (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

27 Apr 2019 (Sat)

Program is held from 9am - 6pm

Speaker/Trainer Bio

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.

Policies

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