A short training to acquire a basic understanding of the business background and reality of Trade Finance.
It is about the underlying business of global trade and the products offered by banks to support it. It focusses on the information flow and processes in the bank such as the documents involved, data registered, liabilities and payments, commissions and their calculation and of course the accounting necessary to manage this service.
Duration
1 day
Objectives
To obtain a basic understanding of the complexities and challenges of the Trade Finance operation in a bank so as to communicate with its staff and collect their requirements and formulate solutions.
Basic products such as Letters of Credit, Collections, Guarantees and related types of financing will be discussed and the newer areas of Open Account Trade and Supply Chain Financing will be introduced.
Intended Audience
All involved in the Pre-sales, implementation and support both within SmartStream and its partner organisations.
This training is a must as introduction for anyone who has no background in this business area and needs to function in the above disciplines.
