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This course provides a practical overview of the long-established but still rather esoteric trade financing instrument, the Documentary Letter of Credit, known variously as Documentary Credit, Commercial Letter of Credit, Letter of Credit, L/C, and D/C. For the purpose of this course, we will limit ourselves to “Documentary Credit” and “L/C”. Upon completion, you will have developed a good foundational understanding of the importance of the documentary letter of credit in enabling trade, the versatility of this proven instrument in addressing a range of market conditions and a variety of client needs. You will also appreciate the strengths of this unique financial instrument, as well as the weaknesses (and a couple of misconceptions) of this mechanism.
|Number of teaching lessons : 11 Modules||Duration : 3 hours|
|Level : 1||Language: English|
|Credit category : 3|
General practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.
This eLearning course is part of the Global Trade Certificate (GTC) and includes a self-assessment tool to help you prepare for the final examination of the GTC.
However, please note you will only be able to take the final exam and recieve the certificate if you purchase the full Global Trade Certficate course. You will not be able to take the exam if you make multiple, separate purchases of individual courses that together make up the GTC.
The pass grade for the GTC exam is set at 70%.
Module 1 Introduction to Documentary Credits
Module 2 Selected challenges in international trade
Module 3 The continuing importance of the Documentary Credit
Module 4 Trading parties and their needs
Module 5 Rules, practices and standards: Cornerstones
Module 6 Basic Documentary Credits Transaction Flow
Module 7 Risk and the Documentary Credit
Module 8 Confirmation of Documentary Credits
Module 9 Trade Banking and Other Systems
Module 10 Capital Adequacy, Basel and the ICC Trade Register
Module 11 Assessment
ALEXANDER R. MALAKET
President, OPUS Advisory Services International Inc.
Alexander Malaket is a recognized specialist in international trade and trade finance, with over 25 years of professional experience in Canada and internationally. Alexander is Deputy Head of the Executive Committee of the ICC Banking Commission (Paris), a member of the Executive Committee of the Board of Directors, World Trade Centre (Winnipeg) and a member of the Board of the Forum for International Trade Training (Ottawa).
Alexander is a member of the B20 Task Forces for 2015, the International Affairs Committee of the Canadian Chamber of Commerce, and a “Nominated Expert” in trade finance at the UN/CEFACT, as well as a member of the ICTSD/World Economic Forum E15 Initiative. Author of “Financing Trade and International Supply Chains” published by Gower, UK in 2014, Mr. Malaket is a frequent speaker, panel chair and participant at leading industry events around the world.