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: March 21, 2024
7 Reviews (23 ratings)

Reviews

5
Member's Profile
Good course to gain an understanding of the buyer's, seller's and bank's risk exposures in relation to the payment instruments within International Trade.

5
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

5
Anonymous Author
I appreciated the depth of the content but clarity was lost on a few topics relative to the exam. a great course nonetheless!

4
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.

5
Anonymous Author
Very helpful. I have reviewed this material before, but it was great to get a refresher on it.

4
Member's Profile
good information and detail of different major payment types and bank involvement

4
Member's Profile
The course is well laid out and the presenter is knowledgeable and concise.

Prerequisites
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
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: 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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to International Trade - Part 2 - Payment Instruments1:55
Payment Instruments
  Underlying Problems of International Trade9:39
  Payment Mechanism Choices1:54
  Payment Mechanism Choices - Open Account6:46
  Payment Mechanism Choices - Cash in Advance6:21
  Payment Mechanism Choices - Documentary Collections12:35
  Payment Mechanism Choices - Documentary Credits - Part 111:39
  Payment Mechanism Choices - Documentary Credits - Part 214:59
CONCLUSION
  Course Wrap-Up2:50
CONTINUOUS PLAY
  International Trade - Part 2 - Payment Instruments 1:08:38
SUPPORTING MATERIALS
  Slides: International Trade - Part 2 - Payment InstrumentsPDF
  International Trade - Part 2 - Payment Instruments Glossary/IndexPDF
  Payment Instrument ExamplesPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam