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Establishment
Language of instruction
French, English
This course occurs in the following program(s)
Présentation
Prerequisite
None
Goal
Analyze the risks associated with international operations, export and import. Study the means of payment and techniques which allow risk coverage, analyze their functions, their advantages, and inconveniences as well as their costs, and learn how to adapt them to international business operations. Study international guaranties in high demand: payment guaranties, market guaranties. Learn the principles of forfaiting and international factoring.
Presentation
Part 1: Risks Associated with International Operations, Documentary Delivery and Documentary Credit.
• Risk Identification: In Import as well as Export
• Documentary Delivery, Documentary Credit: the Players, the Functioning, Risk Flatware
Part 2: Special Feature of Documentary Credit: Red and Green Clause, Transferable, Back to Back and Revolving
Part 3: Internal Guarantees
• Market Guaranties, Payment Guaranties, Stand by Credit Letters
Part 4: Techniques of Financing Exports
• Introduction to Forfaiting and Factoring
• Risk Identification: In Import as well as Export
• Documentary Delivery, Documentary Credit: the Players, the Functioning, Risk Flatware
Part 2: Special Feature of Documentary Credit: Red and Green Clause, Transferable, Back to Back and Revolving
Part 3: Internal Guarantees
• Market Guaranties, Payment Guaranties, Stand by Credit Letters
Part 4: Techniques of Financing Exports
• Introduction to Forfaiting and Factoring
Modalités
Forms of instruction
21 in-class hours plus practical exercises (or four half days).
Evaluation
Ressources
Bibliography
Foucher Edition, - Exporter 19ème Edition, ||-, - Le MOCI (Monitor du Commerce International) mémo guide n°150022 : Commerce International : Les solutions bancaires, ||G Legrand et H Martini (Dunod), - Le Petit Export 2005/20006, ||ICC Publishing SA, - Les Règles et Usances 600 relatives aux crédits documentaires,
Internet resources