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.
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.
Continue reading "Fraud Detection and Prevention in Trade Finance" »
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.
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.
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.
The ICC's Banking Commission has approved the new UCP600 on the 25th October 2006. The UCP 600 will come in force on the 1st day of July 2007.
In responding to the needs of different banks for a comprehensive training on the implementation of the UCP 600, we have developed the new in house training course "Implementing the UCP 600".
