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Methods of payment. Letters of credit
- International Methods of payment. Countries and payment terms.
- Bills of exchange. Bank draft. Bank transfer. Clean collection.
- Documentary collections.
- Letters of credit (L/C). Types and modalities, terminology, opening, availability, contents, documents ...
- UCP 600. Electronic L/C.
- Import Letters of credit.
Finance of international trade
- International finance.
- Foreign trade finance. Finance of export and import transactions.
- Pre and Pre-shipment finance.
- International risk: payment, foreign exchange, counterparty, delivery, ...
- Country risk. Sovereign risk.
- Credit ratings. Country risk evaluation and classification.
- Corruption perceptions index.
- Case study. Thailand and South Africa.
FOREX Foreign Exchange Market
- Foreign Exchange Market (FOREX).
- The Bank for International Settlements (BIS). Tobin tax.
- Currency trading. The players (Central banks, companies, brokers, hedge funds, investors and speculators...)
- European Central Bank. The Euro.
- Currency exchange rates.
- Options.
International bonds and guarantees
- International bonds and guarantees.
- Tender and performance bonds. Advance / progress payment bond. Retentions and On Demand Bonds. Other types of guarantees.
- Managing bonds and guarantees. Bank obligations. Customer liability records.
- ICC Rules for the issuance of bonds and guarantees.
- Factoring and forfaiting.
- Invoice discounting. Endorsements. Bills of exchange.
- Documentary collections. Clean collection. Managing collections.
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Request Information of Payment methods and international finance Course.
Duration: 5 weeks
Objectives: This course aims at:
- Analyzing various methods of payment used in international trade and
outlining their differences, advantages and disadvantages both for the importer
and the exporter.
- To understand what Documentary collections are and how they work. Export and
Import Collections will be analyzed.
- Understanding the importance of Documentary credits and letter of credit in international trade
and how Import Documentary credits operate.
- To familiarize the student with various methods of finance both for exports
and imports.
- To learn about different types of international bonds and guarantees and how they operate.
- To analyze the fundamentals of foreign exchange markets, understand their
functioning and examine some of the agents operating in these markets.
- We will also look at different methods of managing exchange risk. Forward
exchange contracts and currency options will be examined in greater detail.
Course tutors:
    
Course learning materials:
 Financiacion internacional
Communication with tutors (student's questions, exercises ...) in:
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International Business
