EBRD online training
Converse Bank has started a new action "The most active client in the international trade finance". During the action the bank will select the most active clients, which often use the instruments of international trade finance: documentary and stand-by letters of credit and guarantees, and use the relevant services of Converse Bank.
The clients, who more often use the above-mentioned instruments, will receive a free entrance to a special training course on international trade finance from Converse Bank. This course was prepared under the Trade Facilitation Programme of the European Bank for Reconstruction and Development (EBRD). This course is designed for self-study of international trade finance instruments via Internet in the online mode. The course is specially developed for small and medium-sized enterprises as well as for the individual entrepreneurs. During the short e-learning course the users can learn about the main forms of international settlements, can understand the advantages and convenience of the use of the documentary credits, can get information about the details of the use of guarantees, get acquainted with main documents as well as with Incoterms 2010.
Converse Bank invites the existing and also the new clients to take the advantage of the participation in the present action!
For more information concerning the present action please contact:
Head of International Relations and Trade Finance Division
Tel: +374 10 511 226
International Relations and Trade Finance Division, Chief Specialist
Tel: +374 10 511 250
INTRODUCTION TO TRADE FINANCE
This course represents 2 hours of structured online training which provides an introduction to trade finance. The objective of this training course is to provide better understanding of trade finance products, principles and risk management.
The training is divided into 4 Modules:
Module 1: Financing International trade
This section looks at the key considerations you need to think about when getting involved in International Trade and how the Trade Finance Services of banks can help you.
- The role of banks in facilitating international trade
- Some of the challenges in international trade
- The risks and costs of international trade
- The difference between using Trade Finance Products for International Trade, compared to using traditional Local Bank Financing
Module 2: Trade Finance Products
The most common Trade Finance Products used in International Trade are Documentary Collections, Documentary Credits and Guarantees or Standby Letters of Credit and Trade Loans.
This section looks in greater detail at each product, identifying the benefits and risks to both the exporter and the importer and the product cycle from application to final payment.
Module 3: International Trade Documents
In this section we will outline the role of commercial and transport documents in facilitating international trade and finance.
We will look at:
- The role of commercial and transport documents in international trade and finance
- The most commonly used commercial and transport documents
- Basic role of financial documents
- How documents can on occasion be used to control the goods
Module 4: Assessment
The Assessment module provides trainees with the opportunity to test their understanding and practical application of trade finance products to undertake secure international trade business.