Basics Of Export And Export Transactions

Mastering Export Transactions: Navigating International Trade and Finance in the Foreign Exchange Market

What you'll 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

Requirements

Basic understanding of the Banking functions

Basic knowledge on the International Financial aspects

1-2 years of experience in Banking

3-6 months experience in handling International Finance and Foreign Exchange transactions, especially, Exports, would be an advantage.

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.

Overview

Section 1: Basics of Export and Export Transactions

Lecture 1 Introduction

Lecture 2 Regulatory Frameworks connected to Exports

Lecture 3 Foreign Trade Policy

Lecture 4 Categories of Exporters

Lecture 5 International Commercial Terms (INCO 2020)

Lecture 6 International Payment Terms

Lecture 7 Advance Remittance towards Exports

Lecture 8 Open Account - Direct dispatch of Export documents

Lecture 9 Documentary Collection - Exports under Collection basis

Lecture 10 Other guidelines relating to Exports - Part I

Lecture 11 Other guidelines relating to Exports - Part II

Lecture 12 Export Finance

Lecture 13 Conclusion

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