Risk Management

Master Class in Trade Finance and Financial Crime

Face-to-face2 days

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Course Modules

  • 1. the financing of international trade

    • The parties, their roles and contractual relationships; legal obligations and responsibilities under Uniform Customs & Practice for Documentary Credits (UCP)
    • The risk ladder - effective use of trade instruments from a cost vs risk perspective.
    • Assessment of the risks – what are the safeguards?
    • The key trade instruments and payment mechanisms
  • 2. documentary credits and ucp 600

    • UCP 700 - Is a revision needed? If so why?
    • Use of Documentary Credits in international trade – practical problems, key risks, potential solutions.
    • Key legal cases on documentary credits and the UCP
  • 3. standby credits and guarantees

    • How do they work and why are they needed?
    • Risks to consider when dealing with standby credits
    • Comparison of Guarantees with standby credits
  • 4. specialised documentary credits

    • Transferable Credits
    • Back-to-Back Credits
    • Letters of indemnity in oil transactions
  • 5. international practice for the examination of documents under ucp 600 (isbp 745)

    • Importance in reducing discrepancies
    • Use in disputes between traders and banks
    • Key provisions and how to use them
  • 6. requirements of regulators in the field of international trade finance

    • Wolfsberg, ICC and BAFT Trade Finance Principles January 2017
    • Analysis of updates to the 2011 Wolfsberg Rules
    • Structure and broadening of scope of the rules in an “ICC” style to extend their reach and use
  • 7. wolfsberg core principles

    • Wolfsberg Structure
    • Core Principles
  • 8. uk financial conduct authority (fca) thematic review of trade finance

    • Key recommendations and conclusions
    • What it means to banks, traders and corporates
    • Local regulators’ guidance and directives
    • FATF 40
    • EU Money Laundering directives
    • Red Flags - what to look for
    • Segregation of compliance and front and back office
    • Need for effective communication between Front Office, Middle Office and Compliance functions
  • 9. the autonomy principle vs the challenges of compiance and fraud

    • The autonomy principle - is it still valid and workable?
    • Reconciling regulation and compliance with the UCP focus on ‘banks deal with documents not goods’.
    • How to avoid being deceived by fraudsters
    • Examination of actual fraud cases - lessons to be learned

Further Information

  • Who should attend?

    The course is aimed at members of bank management and staff involved in Trade Finance and associated fraud, Anti Money Laundering, and Counter Terrorist Financing issues. The course would be most appropriate for:

    • Management and staff working in Trade Finance and Documentary Credit Departments
    • Managers in supervisory or executive roles
    • Internal Auditors
    • Bank personnel newly appointed to any of these areas.
  • Course delivery

    • This is a two-day course totalling 14 hours of delivery time
    • It consists of nine tutorial modules  providing a total of 10 hours of instruction
    • A further four hours of the schedule is dedicated to intensive group work and exercises, underpinned by case studies, all facilitated by the instructor
    • All hand-outs and instruction will be in English; participants should have a good working knowledge of English
    • The course is customised to the specific needs of the client, to ensure maximum relevance and benefit.

    ´Because the course involves participative group work on case studies, and considerable interactivity during tutorials, the number of participants is limited to no more than 20.

  • Training needs analysis & post-training evaluation

    To ensure that participants gain maximum benefit from the course, it is our practice to send a detailed questionnaire to all course participants to ensure we fully understand their specific training needs and objectives.

    The completed questionnaires are analysed by the course instructor who will tailor the course content and style of delivery to the requirements of the participants.

    Following completion of the course, participants are asked to measure and assess the effectiveness of the training. The results are collated and reviewed, and the analysis shared directly with the relevant client stakeholders.

  • Tools, models & templates

    Courses are supplemented with a range of practical documented methodologies, models, tools, and templates refined from best practice, and tried and tested in a range of leading banks. Participants can take these back to the workplace to adapt and apply, and wherever appropriate, to make a tangible improvement to policy and practice in their own bank.

    This course includes:

    • Sample documentation
    • Case studies
    • Checklists and reference guides
  • Terms & Conditions

    Total fee cost for the delivery of the two-day course at the client’s location is US$ 8,800 (eight thousand eight hundred United States Dollars).

    This is EXCLUSIVE of:

    • Flights (discounted business class)
    • Accommodation (min. 4*) for every night required on site
    • Local travel costs and subsistence; and
    • Venue and equipment hire (if required) and materials production.

    These additional items will be for the account of the client or, alternatively, we can provide an all-inclusive quote encompassing all expenses if that is more convenient.

    GBRW Learning can also host the course at or near our London headquarters for an all-inclusive fee of US$11,800 plus VAT. This includes venue and equipment hire but does NOT include the travel, accommodation and subsistence expenses of participants. Please contact us for revised pricing.

    A 60% deposit is payable one-month prior to the scheduled course date, with the balance payable immediately following completion of the course.

    Note: Discounts are available for multiple course bookings

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