2 Days Workshop on Letters of Credit – Oiling and Financing International Trade

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Course Information Date: 26 & 27 March 2015 (Thu & Fri) Time: 9.00am to 5.00pm Venue: Concorde Hotel Function Room (f.k.a Le Meridien Hotel) Fees: SGD1500 (NETT) S$600 (After PIC Grant) ** Enjoy savings for group registrations of 3 pax or more. Email us for more details *Enjoy up to 400% tax deduction or 60% cash payout under the Productivity and Innovation Credit (PIC) scheme for Staff Training. Find out more at https://www.iras.gov.sg/ or e-mail picredit@iras.gov.sg Inclusive of teabreaks and lunch Registration is on a 1st come 1st serve basis. Register early to avoid disappointment. Click here for registration form To register, please contact Ms Elsie Koh @ 9857 8570/ 62789785 or elsie@360degrees.com.sg Unsubscribe If you no longer wish to receive our email - please click unsubscribe here. Thank you. 2 Days Workshop on Letters of Credit – Oiling and Financing International Trade Course Overview Letters of Credit play a vital role in International Trade and Finance. This intensive 2-day workshop-style program provides valuable insights into the vital role Letters of Credit play in facilitating as well as in financing international trade transactions. Key Takeaways Participants will learn about: Common methods of payment adopted in International Trade Letters of Credit as a mechanism to settle International Trade transactions Documentation under Letters of Credit Different types of Letters of Credit e.g. Sight; Acceptance; Back-to-Back; Front-to-Back; Transferable; Confirmed; Standby; Red-clause and Green-clause Letters of Credit Uniform Custom and Practices governing Letter of Credit transactions How Importers and Exporters can finance trade transactions involving Letters of Credit How Banks structure financing of transactions under Letters of Credit Participants will also work on case studies involving Letters of Credit Who Should Attend Personnel in Banking (entry level or those not directly involved in handling Letters of Credit on regular basis e.g. Relationship Managers; Credit Analysts; Back-office personnel; Risk Management Officers; Internal Auditors; Compliance Officers; Legal Officers). Personnel in Trading and Commodity Companies Accountants and Auditors Consultancy Firms Legal Officers Shipping Personnel Agenda and Course Outline Day 1 Introduction to Payment mechanisms in International Trade: Open Account Advance Payment/Prepayment Documentary Collections Documentary Credits/Letters of Credit (LC): Definition Parties to documentary credit transaction Mechanics and flow of sight documentary credits Mechanics and flow of documentary credits available by acceptance or deferred payment LCs available by Negotiation Uniform Customs and Practices – UCP 600 Documentation in LC transactions Case study : Documentation in LC transaction Case study : LC available by Negotiation Day 2 Special LCs: Confirmed LCs Transferable LCs Back-to-Back LCs Front-to-Back LCs Red-clause and Green clause LCs Standby LCs Case Study on Transferable LC Financing Trade Transactions involving LCs Import Financing Trust Receipt (TR) financing Inventory/Stock Financing under Collateral Management Agreements (CMA) Case Study on Import Financing under LC transaction Export Financing Export Bill Purchase/Discount Export LC Negotiation Forfaiting Identifying Risks and Mitigating Risks in LC transactions Industry Expert: Mr Jayesh Avlani Mr Avlani is globally recognised specialist in international trade finance and all areas of banking with more than 20 years' experience working in major international foreign banks in the area of Corporate Banking and Trade Finance. His work encompasses Corporate Relationship Management, Trade Financing and Structured Trade and Commodity Finance. He started his career in the Trade Bills & Remittances Department of a major local bank following which he has worked with several large European banks. He led a team of Relationship Managers in effectively delivering Trade and Structured trade solutions to clients. He also specializes in customised structured trade solutions for clients particularly in commodity trading space to meet their requirements. Currently, he heads the Structured Trade Finance team of a regional bank. Jayesh is currently serving as an Adjunct Lecturer for Trade Finance in Singapore Management University (SMU) and had supported Institute of Banking & Finance (IBF), in running Banking Diploma (Trade Finance) programs, setting and reviewing examination papers. He has conducted trade finance related public workshops for various institutes and institutions such as IBF; Export Institute of Singapore; EDB , IE Singapore as well as in-house customized programs for logistics, commodity trading and audit companies. In House Customized Training We deliver customized designed courses that are tailored to your organizational needs. Our professional trainers are domain experts with extensive international experience. Do contact us today @ 6278 9785/ training@360degrees.com.sg for no-obligation training needs assessment, we will work in partnership with you to identify needs, develop training and find instructors that best fit your business environment.

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