This course is a professional qualification for those who need to gain and demonstrate a thorough understanding of key procedures, practices and legislation in trade finance at an international level.
- Enables you to advise appropriately on international trade and finance
- Improves your understanding of the processes involved in each type of international trade product
- Helps you to appreciate the risks involved in international trade and how to mitigate them
- Enables you to understand the roles and responsibilities of all parties involved in international trade products
CITF consists of one mandatory unit – International Trade and Finance
The unit examines the roles and responsibilities of banks, importers and exporters, and the products available to assist them to find satisfactory solutions for international trade finance.
The unit explores the international trade environment at an introductory level, the commonly used documents and international trade terms, key methods of trading and exchange risk.
|CITF Certificate in International Trade & Finance Covers:|
· The trade environment and the role of the ICC
· ICC international model contracts
· An introduction to trade terms and Incoterms
· The nature of financial, commercial and transport documents used in international trade
· Risk and mitigation including foreign exchange
· Methods of payment including open account, collections, documentary credits and bank payment obligations
· Guarantees and standby credits
· Short, medium and long term trade finance
· Islamic trade finance
· Dispute handling, arbitration and resolution
· Fraud prevention and anti-money laundering
This course is assessed by a 2 hour multiple choice paper. Exams are held in London and Manchester.