Get a Comprehensive Understanding of the Fundamentals of Trade Finance and the Use of Letters of Credit as a Method of Payment.

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c32870) has announced the addition of E-Learning Course: Trade Finance & Letters of Credit to their offering.

International trade involves commercial transactions between buyers and sellers in different countries. One of the primary challenges in international trade is ascertaining a method of payment that is acceptable to both buyers and sellers. This can present a number of difficulties for the parties involved. Letters of credit represent a secure universal method of payment in international business transactions. This course focuses on the use of these instruments to facilitate international trade and also describes some alternative products used in the area of trade finance.

In this course, you will explore:

--The fundamentals of trade finance and, in particular, the use of letters of credit as a method of payment

--The structures of letters of credit based on their revocability and the various payment methods that can be used to settle a letter of credit

--The different types of letter of credit, including transferable credits, back-to-back and counter credits, and revolving credits 

This course is designed for:

--New recruits to banking and financial organizations

--Management and staff in export credit agencies 

--Correspondent bankers

--Relationship managers

--Management and staff who deal in cross border trade

--Credit analysts

The following tutorials are included in this E-Learning course:

1. Trade Finance & Letters of Credit - An Introduction

This tutorial looks at international trade finance and, in particular, investigates one of the most popular instruments used to boost international trade, namely letters of credit. It examines how a letter of credit works, list the parties involved and explain why both importers and exporters show an increased willingness to undertake trade when letters of credit are included as part of the deal. Alternative products to letters of credit, such as documentary collections and trade-related guarantees, are also discussed.

2. Letters of Credit - Structures & Forms of Payment

Letters of credit can vary greatly in their terms and conditions. This tutorial defines the structures of letters of credit based on their revocability. The various payment methods that can be used to settle a letter of credit are also discussed in this tutorial. Prerequisite KnowledgePrior to studying this tutorial, you should have a sound understanding of letters of credit as detailed in the following tutorial:

3. Letters of Credit - Types

A number of customized letters of credit have been developed for use in different situations and for different purposes. This tutorial lists and explains some of these types of documentary letters of credit.

For more information visit http://www.researchandmarkets.com/reports/c32870