The Documentary Credit Advanced Certificate takes place after the Documentary Credit Beginner Certificate, which allows participants to follow the two levels one after the other.
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In a daily basis, the Documentary Credit Officer is at the forefront of individual transaction financial executions. Whether working with a Bank or in Trade Finance, Import / Export, Procurement Department, a good technical understanding of Documentary Credit and other instruments will be a key success factor within the international trade workspace.
The “BEGINNER” level of the Documentary Credit Advanced Certificate is composed of three modules taken from the Operator’s Certificate: the Introduction to the Commodity Trading industry and the two modules dedicated to the Financial Instruments.
As for the “ADVANCED” level, it is a specific programme tailored for experienced Documentary Credit Officers.
Our main goals include meeting the requirements of commodity trading companies and banks active in Trade Finance by offering them a specific training programme to accelerate the training process for their Trade Finance and Documentary Credit Officers.
This practice-oriented Certificate aims at enabling the participants to:
We expect that, through this training, participants will ultimately be best placed to rapidly gain in experience, making the most out of the various real-life cases that they will be confronted with.
MODULE 1 INTRODUCTION INTO COMMODITY TRADING, DOCUMENTS & INCOTERMS
- Presentation of the Commodity Trading Industry
- Documents used in the Commodity Trading Industry
- Terms used in the Commodity Trading Industry
- Introduction to ICC Incoterms (online)
- Basics of Hedging
MODULE 2 THE TRADING CONTRACT
- What is a Contract?
- Why do we use contracts?
- Contract Formation: Offer and Acceptance
- Main Contract Terms
- Contract Negotiation & Management: Best practices
- Trade Contract Stakeholders
- GTCs and Standard Contracts
MODULE 3 INTRODUCTION TO TRADE FINANCE, FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS & HEDGING
- Introduction to Trade Finance from the bank side
- Introduction to Trade Finance from the trading company side
- Hedging from the bank's perspective
- Documentary credits, stand-by LCs, prepayments
- Guarantees, bid and performance bonds
- Documentary collections
- Transferable LCs, back-to-back LCs
- Red-clause LCs, revolving LCs
- Letters of Indemnity
- Compliance
- Treasury
MODULE 4 LC AND OTHER PAYMENT TERMS
- Payment methods in LCs (by acceptance, deferred, negotiation, etc.)
- Presentation of ISBP (International Standard Banking Practices)
- Overview of the UCP Rules
- The LC step-by-step
MODULE 1 INTRODUCTION
Putting the documentary credit and other instruments in perspective from a bank and trader's respective point of view
- Contextualising the relationship between the Bank and the Trader
- Bank's and Trader's respective expectations and constraints
- The Trade Finance Facility
- Looking at transaction: stakeholders, moving parts, sequencing, risks, financing requirements and implications
MODULE 2 OPERATION EXPORT
- Settlement methods based on degree of security
- Focusing on major threes, i.e. documentary credit - standby l/c - collection
- Roles and responsibilities of involved parties
- Workshop in mini-groups on different practical cases
MODULE 3 OPERATION IMPORT
- Mechanism of the transaction on the basis of the commercial contract
- Identification of key points to establish and application for a documentary credit
- Risks
- Collateral
- Workshop in mini-groups on different practical cases
MODULE 4 UTILISATION
- Key articles UCP600 & ISBP
- Presentation and checking of documents - handling of discrepant documents, internal reserves
- Confirmation, commitment, discount & assignment of proceeds
- Workshop in mini-groups on different practical cases
MODULE 5 WORKSHOP "END TO END"
- This last module aims to provide the full proceeding of a Soft transaction, from bidding to the performance
- Sale and purchase side are foreseen giving an overview of a whole deal
- Workshop in mini-groups on the full transaction progression
The Certificate consists of 5 modules of 6 hours each, divided into two evenings per week (3 hours/day). All modules are normally taught in English. Depending on the participants’ some modules may be given in French.
Classes will take place outside of working hours on Monday and Wednesday evenings.
Some pre-reading, preparation, case studies or homework may be required, depending on the teachers’ recommendations and will be communicated upon admission to the course.
The lectures are given by industry experts from the commodity trading and banking activities, with inputs from guest speakers to give further depth and various perspectives.
