FINANCIAL MARKET COURSES
Japanese Equity Market
Receivable Finance (New)
Lending - An Introduction
The Lending Cycle
Commodities - An Introduction (Revised)
Commodities - Trading (New)
Commodities - Livestock (New)
Commodities - Softs (New)
Primer – MiFID II/MiFIR (New)
Understanding Private Wealth Management Business
Private Wealth Management Products & Services
Primer – Smart Beta (New)
Available on iPad and Android tablets as well as desktop
Open Account Trading
With the growth in both the volume and value of global trade, there has been a significant shift away from the use of traditional trade instruments such as letters of credit. The majority of international trade now takes place on open account terms, where an exporter ships goods to the importer without receiving cash or any other legally binding undertaking at or before the time of delivery.
This course looks at open account trading, how it works, the risks it poses for exporters, and how they might go about reducing their exposure to some of those risks. The course also describes the role of SWIFT’s Trade Services Utility (TSU) in open account trading.
On completion of this course, you will be able to:
• Describe how trading on open account takes place terms
• Outline the role of SWIFT's Trade Services Utility (TSU) in open account trading
• Identify the risks of open account trading and how sellers can reduce their exposure to these risks
Topic 1: Overview of Open Account Trading
• What is Open Account Trading?
• Why use Open Account Terms?
• Stages of Open Account Trading
• Forms of Payment under Open Account Terms
o Bank Transfers vis SWIFT
o Collection Amounts
o Check Payments
Topic 2: SWIFT’s Trade Services Utility (TSU)
• What is the Purpose of SWIFTs TSU?
• How does the TSU Work?
• TSU Enhancements
o Bank Payment Obligation (BPO)
Topic 3: Risks of Open Account Trading
• Counterparty Credit Risk
• Payment Delays
Trade Finance – An Introduction - View Now
ESTIMATED COMPLETED TIME
This course describes how documentary collections work, distinguishes the different types, outlines the role of the parties involved, and lists the benefits and drawbacks of this method of payment. It also explains the Uniform Rules for Collections (URC), the internationally recognized rules covering collection operations for documentary collections.
Other Courses In:
Trade Finance - An Introduction
Letters of Credit - An Introduction
Letters of Credit - Types
Structured Trade Finance
Trade Finance Security
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