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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 3 of the course covers:

  • How international payments are made
  • Payments in US Dollars – The Clearing House Interbank Payment System (CHIPS)
  • Correspondent Banking
  • Continuous Linked Settlement (CLS) and its role in settling international trade payments

This course will be of especial 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.

Learning Objectives

  • Discover the characteristics of an international payment.
  • Identify the risks in correspondent banking.
  • Explore the workings of the Continuous Linked Settlement (CLS) system
  • Discover how the US dollar Clearing House Interbank Payment System (CHIPS) operates.
  • Explore the principles behind international payments.

1 Review (4 ratings)Reviews

4
Member's Profile
good information on correspondence banks and on the continuous settlement system in us

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:34Introduction to International Trade - Part 3 – International Payment Systems
  8:16International Payments - A Primer
  5:59Correspondent Banking
  10:07How Correspondent Banking Is Settled
  15:09CHIPS - A Working Example
  16:28CLS & it's Role in Settling International Trade Payments
  2:40Course Wrap - Up
CONTINUOUS PLAY
  1:01:13International Trade - Part 3 – International Payment Systems
SUPPORTING MATERIALS
  PDFSlides: International Payment Systems
  PDFInternational Payment Systems Glossary/Index
  PDFExamples
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM