Basics of Export and Export transactions
Mastering Export Transactions: Navigating International Trade and Finance in the Foreign Exchange Market
Ratings 0.00 / 5.00
What You Will Learn!
- Basic concepts relating to Exports viz., Export of goods, export of services, and export of Software.
- Foreign Trade Policy - Importers Exporters Code Certificate, Prohibited list of goods, Freely exportable goods, Categories of exporters
- INCO 2020 - International Commercial Terms and International Payment Terms
- Process flow of Exports - Advance remittances, Open account, Documentary Collections, Documentary Credits
- Regulatory guidelines pertaining to Exports
- Basic concepts in Export Finance: Pre-shipment finance and Post-shipment finance, and the related guidelines
Description
The course on Export Transactions in the Foreign Exchange Market offers a comprehensive understanding of the fundamental concepts and practices surrounding export transactions managed by banks. With a focus on equipping participants with the necessary knowledge and skills, this course delves into the intricacies of international trade and export finance. Here's a detailed description:
Comprehensive Coverage: The course aims to provide a thorough exploration of export transactions handled by banks in the foreign exchange market. It covers essential concepts and processes to ensure participants grasp the complexities involved in facilitating export transactions.
Understanding Export Processes: Participants will gain insights into the various stages of export transactions, including the process flow under different International Commercial Terms (INCO 2020). Through detailed explanations and practical examples, learners will understand the nuances of exporting goods and services under different contractual frameworks.
Key Concepts: The course elucidates the meaning and significance of international trade, laying the foundation for understanding the dynamics of global commerce. Additionally, it provides a clear definition of exports and explores its implications for businesses and economies.
Regulatory Guidelines: Participants will be introduced to the regulatory guidelines governing export transactions. Understanding compliance requirements and best practices is essential for banks to ensure smooth and lawful export processes.
Export Finance: A significant focus of the course is on export finance, covering both pre-shipment and post-shipment finance. Participants will learn about the financial instruments and mechanisms banks use to facilitate export transactions, managing risks effectively while supporting trade activities.
Through a blend of theoretical knowledge, practical examples, and case studies, participants will emerge equipped with the skills and expertise necessary to navigate the complex landscape of export transactions in the foreign exchange market confidently. Whether it's understanding the intricacies of international payment terms or ensuring compliance with regulatory guidelines, this course provides a comprehensive and insightful exploration of export transactions, empowering banking professionals to better serve their clients and support international trade.
Who Should Attend!
- Students pursuing Post Graduation with specialization in Finance and aspiring to enhance their understanding in International Finance
- Practicing Chartered Accountants doing concurrent audit of Banks and Large/Mid Corporates
- Bankers aspiring to make a career in International Trade and Foreign Exchange
- Exporters, before dealing with the overseas buyers, aspiring to understand the basic tenets of Exports