International Trade – Part 3 – International Payment Systems

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 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.