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Advanced Program in Trade Finance & Foreign Exchange

                                                                                      

 PURPOSE OF THE PROGRAM

World today is a globalised village.  All countries depend on each other for goods and services.  Free flow of goods and services between countries depends to a great extent on transfer of funds between countries for settlement of trade transactions. 

Trade being international in character, the importers need to make payment in a currency other than their home country currency.   Facilitating payments for goods and services as well as for personal remittances in different currencies is one of the primary functions for banks.

 Due to a remarkable increase in these transactions there is a huge demand for trained professionals in Trade Finance & FOREX. A specialization in the field of International Trade and expertise on foreign currency confers a certain distinction on any banker today.

 

THE OFFERING

 In order to meet the growing need for trained professionals in the field of International transactions involving varied currencies, IFBI has come out with an ADVANCED PROGRAM IN TRADE FINANCE & FOREX.  It will cover the foreign exchange market, Cross border trade mechanism, currency conversion, payments etc.  The program will help standardize concepts and practices relating to FOREX & Trade Finance in the learner. As a result of this s/he will be able to engage with clients, articulate domain well and carry out various functions in the field.

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BENEFITS FROM THE PROGRAM

 Upon completion of the program, the learner will be awarded an industry oriented certification.  The program will ensure entry in a field of specialization much sought after by bankers with higher possibilities for accelerated growth in career.  The possibilities of an international career are higher due to the talent dearth in this area –especially in Indian banking industry.

 

PROGRAM OBJECTIVES

 This program has been designed specifically for working professionals to :

 

  • Understand Trade Finance Products and Processes
  • Understand Foreign exchange mechanism
  • Understand the foreign exchange market
  • Understand foreign exchange rates and their movements
  • Understand intricacies involved in various international trade Transactions
  • Understand INCOTERMS
  • Learn the process of scrutiny of documents under LC
  • Understand remittance services
  • Understand concept of NRI/PIO and services available for them
  • Understand the features of FEMA
  • Understand the process of submission of various statutory returns

 

COURSE CONTENT HIGHLIGHTS

Introduction to Foreign Exchange and International Trade

Foreign Trade Policy

Foreign Exchange Remittances

Letter of Credit

UCP 600 / Uniform Rules for Collection

International Standard Banking Practice – ISBP 745

Export Credit Guarantee Corp. of India – Guarantee & Shippers Policies

Incoterms

Marine Insurance

Export Finance

External Commercial Borrowings

Trade Credit

Exchange Rate Mechanism

Forward Contracts

Non Resident Accounts – NRO, NRE & FCNR

Statutory Returns to RBI

 

 

PEDAGOGY

 The program will be delivered with the help of case studies, real life examples and general discussions.

 

PROGRAM DIRECTOR 

Mr. A Ramakrishnan,   with over 30 years of rich experience with SBI Group. He has been retired as

Chief General Manager (CGM).

He has profound domain experience in Retail Banking and Corporate Banking (Credit, Treasury and FOREX).

 

PROGRAM DESIGN AND DURATION

 Duration: 3 months

  • Frequency: Only Sundays
  • Delivery: Classes at NIIT IFBI Centre for Advanced Learning in your city

  

WHO SHOULD ATTEND? 

  • Officers/Managers/Relationship Managers in trade finance/credit management
  • Officers/Managers working in foreign exchange departments.
  • General banking officers desirous of up-skilling themselves

  

FEE

The fee for the program is INR 21236 (inclusive of taxes).

 

HOW TO APPLY AND GET TO KNOW MORE?

partner organisations & corporate clients