In an increasingly volatile and competitive global market, negotiating and managing International Payments is vital for efficiency, liquidity and profitability. It is important therefore to understand the nature and legal issues relating to ICC Uniform Rules for Collection (URC 522 and ICC Uniform Customs & Practice for Documentary Credits (UCP600) / Letters of Credit.
This Coventry Academy training course provides a detailed analysis of the procedures/systems; the legal protection and obligations and an evaluation of these important international payment systems to enable delegates to manage the risks facing both importers and exporters effectively and efficiently.
This Coventry Academy course is designed to enable participants to negotiate and manage appropriate methods of payment, reduce risk and manage liquidity whilst remaining competitive in a volatile global market. It will cover key principles, concepts as well as best practice and market developments through interactive analysis and evaluation of case studies designed to increase the participant practical skills.
Este curso de formação da Coventry Academy inclui
An Evaluation of the Major Risks of International Trade
A detailed examination of ICC Uniform Rules for Collection (URC 522)
A detailed examination of ICC Uniform Customs & Practice for Documentary Credits (UCP600)
Future Payment Systems and Regulation
The Essential Methods of Reducing Financial Risk
Quais são os objectivos?
No final deste curso de formação da Coventry Academy, os participantes serão capazes de
Gain a detailed understanding of Understanding ICC Uniform Rules for Collection (URC 522) and ICC Uniform Customs & Practice for Documentary Credits (UCP600)/Letters of Credit
Be able to select the most appropriate method of payment in given situations in view of their cost/benefits
Be able to negotiate and manage appropriate methods of payment in given situations to reduce risk and manage liquidity whilst remaining competitive in a volatile global market
Be able to examine the legal and regulatory framework: international protocols/conventions
Evaluate the latest developments and upcoming payment systems
A quem se destina este curso de formação?
This Coventry Academy training course is suitable to a wide range of professionals but will greatly benefit:
Those responsible for negotiating, managing or processing international payments either as exporter, importer or contractor.
Bank officials who deal with international payments, finance/liquidity issues or exchange rate problems faced by their clients.
Staff responsible for international transactions
Staff responsible for exchange rate risk management
Managers dealing directly or indirectly with international payments, liquidity/finance and exchange rate risk who wish to increase their understanding and awareness of the major issues and on-going development
Como é que esta ação de formação será apresentada?
This Coventry Academy training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes the evaluation of case studies from the real world relevant to the delegates industry, videos, discussions and simulations. This will ensure that delegates leave with knowledge and transferable skills to benefit their workplace and personal career goals.
Descrição do curso
Day One: The Market & Risks of International Trade
Global Trade
The Major Problems & Risks of Trading Internationally
Managing Risks of International Trade
International Jurisdiction Protocols or Conventions: ICC International Chamber of Commerce regulations
The Major International Payment Systems
Future Payment Systems
Day Two: Collections & Letters of Credit
The Procedures
The Role and Responsibilities of those involved
The Risks and Benefits
Types of Letters of Credit – Restricted, Transferable, Back to Back, Standby and ISP98 etc
Collections v Letters of Credit v Bank Guarantees
How to Avoid the Risks
Day Three: Understanding ICC Uniform Rules for Collection (URC 522)
D/A v D/P
Documentation
URC 522 – a detailed understanding
Safeguarding against Risks
URC explained
Associated Finance
Day Four: Uniform Customs & Practice for Documentary Credits (UCP 600)
Scope and application of the rules (Article 1). Definitions and interpretations (Articles 2 and 3)
Obligations and liabilities (Article 4 to 13)
Examination and dealing with documents (Article 14 to 17)
Documents including commercial invoice, transport documents and insurance document (Article 18 to 28)
Miscellaneous Provisions (Article 19 to 33)
Disclaimers (Article 34 to 37) & Transfer and assignments (Articles 38 & 39)
Day Five: Future Payment Systems
What does the Future Hold?
UCP 600 Revisions
ICC recommendation and guidance papers
Uniform Rules for Bank-to-Bank Reimbursements (URR 725)
International Standard Banking Practice for the Examination of Documents under Documentary Credits (ISBP 745)
UCP700
O certificado
Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course