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Advanced Documentary Credits and Financing Trade

Statement of need

Documentary Credits are one of the critical tools for mitigating commercial risks between importers and exporters, whilst at the same time providing mechanisms for financing their trade transaction.  Despite the highlighted utility of documentary credits, many traders on the African continent are not fully utilizing this critical financing mechanism, while for some their applications to financial institutions for issuance of documentary credits are not successful.

To facilitate growth of export business for African traders, this course is designed to enable participants to understand documentary credits, the products, parties, processes and rules that underpin documentary credit transactions. Consequently, this executive course will equip participants with skills and ability to manage documentary credit transactions and identify irregularities. 

Course objectives

  • Explain the how documentary credits function.
  • Analyse the utility of documentary credits in promoting intra-African trade.
  • Make use of the rules governing documentary credits.
  • Analyse the main types of documentary credits.
  • Negotiate, structure and issue compliant documentary letters of credit.
  • Identify key risks in documentary credits. 

Content

  • Mechanics of documentary credits
  • Regulatory Framework for documentary credits
  • Key Principles on documentary credits
  • Main types of documentary credits
  • Negotiation, Preparation and Issuance of Documentary Credits
  • Utility of Transferable and Back-to-Back L/Cs in export and import trade
  • Risk Considerations and Financing of Documentary Credits.

Target

General Practitioners working in Financial Institutions in positions such as Relationship Managers, Trade Finance and Marketing Professionals, International Division Bankers, Middle Office and Front Office Staff, , Credit and Deal Risk Analysts, Document Checkers and Supervisors, Risk Distribution Staff, Trading Company Corporate and Treasury Staff, Auditors, Central Bank Regulators, Compliance Division Staff, Private Sector Practitioners involved in the buying and selling of goods, Export and Commodity Finance Professionals, Import and Export and Trade Operations Professionals.

Duration
1 Week

Venues
b) Venue 1: Online
Date: 1 – 5 July 2024
b) Venue 2: Arusha
Date: 1 – 5 July 2024

c) Venue 3: Zanzibar
Date: 21 – 24 Oct 2024

Course Fees
$1,250