Instructor for this course

The course provides a comprehensive foundation for understanding all aspects of International Trade Finance in a global context, covering the key principles, concepts, infrastructures, practices, issues, and current developments.

Although the full course is divided into four parts, which together form a complete picture of international trade, its various instruments, its operations and its financing, each part may be studied as a stand-alone unit.

Part 2 of the course covers:

  • The key concern in International Trade in providing a safe conduit for the transfer of ownership of the shipment in return for payment.
  • A comprehensive examination of the different payment Instruments that may be used to settle International Trade transactions, including the process, the advantages/disadvantages and the risks attached to each.

This course will be of special interest to banking, business, and import/export professionals who wish to expand their knowledge base as well as enhance their expertise and advance their careers in or gain a deeper understanding of the international trade finance arena.

Course Series

This course is included in the following series:

4 CoursesInternational Trade Finance

  1. International Trade - Part 1: Trade Finance Instruments
  2. International Trade - Part 2 - Payment Instruments
  3. International Trade - Part 3 – International Payment Systems
  4. International Trade - Part 4 – Supply Chain Finance

Learning Objectives

  • Discover the how international trade finance payment instruments work.
  • Identify the advantages and disadvantages of the different international trade finance payment instruments.
  • Discover the various parties and their roles in the international trade finance payments arena.
  • Explore the risks inherent in the different payment instruments used in international trade finance.
Last updated/reviewed: June 26, 2021

4 Reviews (15 ratings)Reviews

Member's Profile
the content is very clear to understand, and yet provide sufficient knowledge level on key terms that are difficult to learn on the job training
Member's Profile
This was helpful. I didn't know much on the topic prior to this class and was still able to follow the presentation.
Anonymous Author
Very helpful. I have reviewed this material before, but it was great to get a refresher on it.
Member's Profile
good information and detail of different major payment types and bank involvement


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course but it is recommended you take Part 1 before completing this course. 



Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  1:55Introduction to International Trade - Part 2 - Payment Instruments
Payment Instruments
  9:39Underlying Problems of International Trade
  1:54Payment Mechanism Choices
  6:46Payment Mechanism Choices - Open Account
  6:21Payment Mechanism Choices - Cash in Advance
  12:35Payment Mechanism Choices - Documentary Collections
  11:39Payment Mechanism Choices - Documentary Credits - Part 1
  14:59Payment Mechanism Choices - Documentary Credits - Part 2
  2:50Course Wrap-Up
  1:08:38International Trade - Part 2 - Payment Instruments
  PDFSlides: International Trade - Part 2 - Payment Instruments
  PDFInternational Trade - Part 2 - Payment Instruments Glossary/Index
  PDFPayment Instrument Examples