Certified Trade Finance Specialist course systematically analyses the various types of trade finance products including how and why they are used, the benefits they provide to exporters/importers, how they are structured and why they enable risk to be identified, managed, mitigated and transferred.
CITF enables trade services specialists to demonstrate expertise on the essential procedures, practices, and legislation of international trade finance and their readiness for career progression.
A wide variety of trade products will be explained including Documentary Collections, Letters of Credit in their various forms, Bonds/Guarantees/Standby Letters of Credit and the numerous ways in which trade finance is provided, both pre and post-shipment.
The course will also examine how trade finance differs from other forms of lending and the attractiveness of trade products to corporates as a form of working capital finance and even to banks, both regarding broadening client relationships and in the cost-effective use of their balance sheet.
Certified Trade Finance Specialist is an advanced level certification providing in-depth knowledge of trade finance products. Using case studies and with an emphasis on analysis of real-world scenarios, the certificate includes an intensive online programme and focuses on essential trade finance products, techniques, and compliance issues.
Sophisticated and practical applications of international finance principles and strategies.
Explores the export/import arena by identifying current trends in global exporting, recognize decent prices of goods in an international market, understand the risks involved with the various payment methods used and recognize how small businesses can compete with large corporations in today’s market.
Examine global ethics in business, and management’s need and use of international financial information. Evaluates international monetary policies, examines foreign exchange markets and forecast foreign exchange rates.
This program studies the complexities of international banking, money markets, futures and options on the foreign exchange along with interest rates and currency swaps. The individual seeking this certification will obtain an in-depth, well-rounded knowledge of global finance and claim the company role as the international finance specialist.
This course is accredited by The London Institute of Banking and Studies.
You might be interested in another Financial Programs as a next level.
YOU WILL LEARN HOW TO
CITF combines the acquisition of technical knowledge with the skills to apply that knowledge to real situations and has been developed in consultation with trade finance experts from across the world.
CITF enhances your knowledge of the products, documents, trade terms, roles and responsibilities that underpin international trade and finance. In addition to this core knowledge, the CITF course helps you to develop a basic understanding of fraud prevention and risk regarding trade finance.
Studying CITF covers:
*the trade environment and the role of the International Chamber of Commerce (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 hedging
*methods of payment including open account, collections, documentary credits and bank payment obligations
*short, medium and long-term trade finance
*Islamic trade finance
*dispute handling, arbitration, and resolution
*prevention of both fraud and money laundering.
IMPORTANT COURSE INFORMATION
Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.
CITF is assessed through a 2-hour paper-based actual exam split into two sections:
Section A – 80 multiple-choice questions
Section B – four case studies with 5 linked multiple-choice questions
CITF is examined at designated international centers in Dubai.
COURSE OUTLINE