B. Interrelation mechanisms between UCP600 and and Incoterms 2010 including application of the new terms to special types of letters of credit i.e. transferable, commercial standby letters of credit, back-to-back and red-clause (Advanced Payment)
 
C. Application of the Incoterms 2010 to commercial letters of credit transactions
 
D. Reasons for reducing of Incoterms from 13 to 11
 
E. Choosing the appropriate Incoterm
 
C. Specifying the place or port related to the Incoterm
 
D. Main features of the Incoterms2010
 
E. Rules for Sea and Inland Waterway Transport
 
F. Rules for modes other than Sea or Inland Waterway Transport
 
G. Responsibilities of the buyer and seller for risks under each terms
 
H. Responsibility of the buyer and seller for various costs under each term
 
I. Electronic Communication
 
J. Variants of Incoterms rules
 
K. Real life case studies
 
The minimum number of participants expected in each course is 10.
 
The course is conducted bilingually in technical English and technical Arabic.
 
Over 500 pages of material comprising of the booklet "Incoterms2010" and the book "Complete Guide to Documentary Credits.  
 
Total cost of the course is USD2700- per course inclusive of the material.
 
Course duration 20 training hours given over a three days period.
 
Who should attend:
 
1. Trade Finance Experts and Credit Executives
2. Trade finance Operations Specialists and LCs Practitioners
3. Project Finance Specialists
4. Managers from international Banks and financial institutions
5. Executives involved in negotiating international sales contracts
6. Auditors, risk managers, compliance managers and branch Managers
7. LC's  Managers
8. Customer Services Representatives

This course is conducted at the highest international standards by an internationally recognized trade finance expert. We offer our money back guarantee for any unsatisfied customer.

Finally, kindly note that our Practical Trade Finance Training Programs include lengthy sessions on the Incoterms2010.
 
Please feel free to contact us for any information that you may need clarified.  For the full details of our practical training courses during the new year 2011, please follow this link to our 2011 Training Catalogue. 

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A comprehensive training program that addresses the detailed procedures that must be followed by the securities department to execute fund managers’ and investors’ buy/sell orders and attend to the various activities that follow the placement of order date.

• What is/are:

• The Capital Market:

Trainees:          Securities Staff (Custody/Sub-Custody), Investment Staff 

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2.    The Sales Agreement, INCOTERMS.

A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors. More specifically, a bank fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. As such, the bank is unable to fulfill the demands of all of its depositors on time.

The failure of a bank is generally considered to be of more importance than the failure of other types of business firms because of the interconnectedness of banking institutions. It is often feared that the effects of a failure of one bank can quickly spread throughout the economy and possibly result in the failure of other banks, whether or not those banks were solvent at the time. As a result, banking institutions are typically subjected to rigorous regulation, and bank failures are of major public policy concern in countries across the world.

Arab Banks Failures is the subject matter of this Article in Arabic  http://www.graincon.org/files/headedpaper.pdf

 

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With the arrival of many new global banks to the Middle East, regional and local banks now have to review their trade finance operations. For compliance purposes, new procedures need to be set and existing policies must be revised and adjusted where applicable. Quantitative scoring systems used for evaluating confirmation requests, together with the trade finance automated system need to be revisited and amended where necessary.

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"A successful training program should always focus on the most relevant issues and this can be achieved only through a continuous and unbiased interaction with the marketplace. Training should make a measurable difference for those who participate and the banks they represent; it should constitute the beginning and not the end of a relationship, and it should set new and higher standards for the benefit of all." ...(Securities Web).

Trying to understand and soundly practice LCs by studying definitions or enrolling in an online E-Course is much like trying to learn to swim by reading an instruction manual. General LCs training courses, whether online or in-house, are definitely ineffective, and so are legal and risk management courses when given to practitioners; formal analysis, handouts, books and e-courses make sense only once the practitioners have long practical experience.

Because it is subject to a wide range of rules and internal regulations, and because it is a vast terrain in itself, LCs operations are mighty complex. As such, availing bankers of an effective practical training that would convey to them those skills they need to avoid operational mistakes is also a difficult task. For that reason, it took us over 5 full years to develop our in-house Practical LCs training program. This specialized course represents the ideal means to teach practitioners how to master the art of checking documents, issuance of import LCs, advising export LCs and reimbursing merchants.

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Course Description

Unless the bank is capable of balancing the accounts of its trade finance department on every business day, it will not be able to produce accurate balance sheet at the end of year (the annual accounting period - normally 31DEC of each year). This is an extremely alarming threat that may cause heavy detriments to the bank's profitability and seriously damage its reputation. The process of daily balancing is totally dependent on understanding the accounting entries that must be posted and validated in the immediate aftermath of the various stages of each transaction.

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Combating Organized Commercial Crime 
      
A.     Fraud is the most destructive illegal act banks face. Not only does it
constitute a direct cost to the bank, it also entails large expenses for legal pursuits, investigation fees and cost of executives' time spent on handling fraudulent transactions. Furthermore, fraud has devastating negative effects, that can't be expressed in terms of money, on the bank's reputation, public trust and staff morale.

B.     On 19August 1999, the Bank of New York (BONY), one of America's oldest, admitted to cooperating with an investigation into alleged money-laundering of as much as $10 billion. The paper-trail has touched several European banks too, all of which are said to have helped, over the past year, to move $4 billion from Russia to BONY's London office. As much as $200m that passed through BONY may have come from IMF loans to Russia.

C.     The most common type of fraud is the commercial fraud. In some countries, banks incur billions of dollars every year in fraudulent LCs. In 2001, Saudi Arabia alone suffered a loss of over 4 billion dollars worth of fraudulent trade finance transactions.

Who should attend

Staff from Trade Services Department who have previously attended Practical Bills Course.

Workshop objectives

To provide a thorough understanding of:

A. Uniform Customs and Practice for Documentary Credits, 2007 revision, ICC publication 600.

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General Description

A 5 days intensive course detailing particularly the traditional and, to a lesser extent alternative trade financing products that the Bank provides and an assessment of the risks involved in the structuring of trade related facilities.

Executives/officers in credit – related roles who require an understanding of Corporate customers’ trade cycles and the specific characteristics and risks involved in the provision of trade finance facilities.

Course Objectives

·                       To understand the importance of trade related services to the bank as well as current bank policy.

·                       To understand the practical nature of the Bank’s traditional trade products, their pricing and the risks involved in their provision to corporate customers.

·                       To understand and identify customers' trade finance needs and problems and also to understand customers’  trade cycle and related working capital requirements.

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JSCS announces the commencement of  "The ISP98 Rules of Practice and the Standby Letters of Credit Training Course". This is an In-house training program for letters of credit practitioners.

D. Sound Application of the ISP98 Rules of Practice in Day-to-Day Banking Operations.

F. Checking Documents of A Standby LC Presentation.

G. Handling Presentation and Settlement.

H. Bank to Bank Reimbursements.

Duration: 3 Days (15 Training hours)      Trainees: The Minimum number  15/Course.

Material: The Book “Standby Letters of Credit A Comprehensive Guide”.

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The trade services department is the heart of every commercial bank. It is said, and accurately so, the continuity of the bank is dependent on the soundness of its trade services operations.