Introduction to the Foreign Exchange Market (FOREX)
Currency trading
Currency exchange rates
Methods of managing the exchange risk
Types of coverage
Exchange risk insurance
Forward exchange contracts and currency options. Call/Put Options
Spot Market and Forward Market
Vulnerability analysis
Players: Central banks, companies, brokers, hedge funds, investors, and speculators
Global Financial Crisis
Role of the Bank for International Settlements
European Central Bank. The Euro
Tobin tax
Case Study: the balance of payments as a tool for credit risk analysis of a market
3- International Bonds (overseas guarantee) and Guarantees:
Introduction to the International Bonds and Guarantees
Advance/progress Payment Bond
Retentions and On-Demand Bonds (“Calamity Bonds” or “Suicide Guarantees”)
Tender and Performance Bonds
Other types of guarantees
Managing bonds and guarantees
International Chamber of Commerce Rules for the Issuance of Bonds and Guarantees
Bank obligations
Customer liability records
Factoring and Forfeiting
Invoice discounting
Endorsements
Bills of Exchange
Documentary Collections
Clean Collection. Managing collections
Objectives of the Program “International Finance”:
To understand the modalities of export/import financing
To understand the associated risks to the foreign trade transactions
To know how to manage the pre-financing and Export Financing
To know the functioning of international bonds and guarantees
To understand the fundamentals of the Foreign Exchange Market (FOREX) and the concept of exchange risk
Know how to hedge the risk of change in exports and imports
Syllabus of the Program: Trade in Services:
Introduction to the General Agreement on Trade in Services (AGCS)
Agreement, Annexes, and Schedules of the GATS
General Agreement on Trade in Services (GATS) and national regulations
Doha Development
Other questions related to the General Agreement on Trade in Services (GATS)
Modes of supply of trade in services
Transparency and liberalization in international trade in services
Market access and national treatment
Concept of the Most-favoured-nation
List of commitments of the AGCS
Case Study: Trade in Services in the U.S.-Colombia FTA and the EU-Mexico
FTA
Analysis of the World Trade in Services
Objectives of the Program “World trade in services”:
To understand the importance of the General Agreement on Trade in Services
To understand the key concepts related to the trade in services: modes of supply,
most-favoured-nation, liberalization, market access, and lists of commitments
To analyze the international market of services
Syllabus of the Program: Services Directive of the EU.
Introduction to the Services Directive of the EU
Existence of Barriers to the trade in services in the EU
Simplification of administrative procedures for service providers
Consumer Protection
Implementation of the Services Directive
Exceptions. Services of general economic interest
European Small Claims Process
Objectives of the Program “Services Directive of the EU”:
To understand the importance of the Services Directive of the EU in the Single Market
To identify the Barriers to the trade in services in the EU
To know how to take advantage of this Directive
Subjects of the third semester of the Bachelor of Science in International Trade.
ECTS: European Transfer and Accumulation System
Samples: Techniques of the foreign trade (Bachelor of Science in International Trade, e-learning, third semester).