Course code: TRAE - call 0845 071 2801
Overview
Course duration: 1 day.
This one-day course enables you to understand the risks, costs and cash flow pressures associated with international trade and how to manage them.
Is it right for me?
Ideal for...
- Export Sales Teams
- Finance Teams
- Project Managers
- Those involved in new or difficult overseas markets
- Those who manage overseas debts
- Those involved in negotiating favourable credit terms to promote the growth of sales
- Those responsible for strategic and operational risk management
What will I learn?
By the end of this course you will be able to:
- Understand the risks, costs and cash flow pressures associated with international trade and how to manage them.
- Help you to establish an effective policy when dealing with overseas buyers.
- Assess alternative methods of payment.
- Understand key mechanisms for managing currency exposures.
- Reduce the risk of exchange losses.
What will it cover?
Export Finance
- Key issues facing exporting companies
- Establishing an export credit policy; risk assessment; checking out the buyer and the market
- Delivery terms (INCOTERMS® 2010)
- Trade Transaction and Financing Strategies:
- Advance Payment;
- Open Account;
- Documentary Letters of Credit;
- Documentary Collections & Bills of Exchange;
- Credit Insurance.
- Bank demand guarantees
Foreign Exchange Risk Management
- Understanding foreign exchange risk; how exchange risks arise; types of exchange risk
- Managing the risks - hedging techniques
- How do banks 'price' FX rates?
- Obtaining the best exchange rate and service from your bank or FX provider