3 learning hours
Meeting Client Needs
General practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.
This introductory course provides a practical overview of the first type of trade financing instrument based on shipping documents and bank intermediation. In the trade world this operation is also known as “Collection”.
In this course, you will learn how to describe the two types of Documentary Collections, portray the cycle in its entirety, and understand the role and perspective of a Relationship Manager in this cycle. Additionally, you will obtain a clear insight into the risks and documents involved in a Documentary Collection.
Module 1 What is a Documentary Collection?
Module 2 How does a Documentary Collection work?
Module 3 What are the various documents that can be called for under a Documentary Collection?
Module 4 International Chamber of Commerce (“ICC”)
Module 5 Value of the Documentary Collection to exporters and importers
Module 6 Comparison of the use of Acceptance Terms versus Sight
Module 7 The bank’s roles and obligations
Module 8 Financing the Documentary Collection
Module 9 The Documentary Collection – the RM’s perspective
Module 10 Trade Operations / Legal & Compliance
This eLearning course will include a self-assessment tool to help you prepare for the Global Trade Certificate (GTC) final examination if you choose to obtain this certificate. The passing grade for the final examination is set at 70%.
What is an ICC Academy online course?
ICC Academy courses are delivered via our Learning Management System (LMS) using innovative tools for combining digital learning with industry-centric community discussions.
Our courses are available for purchase individually or as pre-designed packages (ie: Certificates) and are delivered exclusively online. They include videos, animations, case studies, and a self-assessment section and are available to take at any time—anywhere in the world.