Understanding what documentary collections are and how they work. Export and The importance of the Documentary credits and letter of credit in the

EENI EENI EENI- School of International Business http:en.reingex.com 3. Bills of Exchange 4. Bank Draft 5. Bank Transfer 6. Clean collection 7. Documentary Collections 8. Letters of Credit LC. 1. Types and modalities 2. Terminology 3. Opening a letter of credit 4. Availability 5. Contents of the letter of credit 6. Documents 7. UCP 600 9. Electronic LC e-UCP 10. Analysis of the documentary credits 11. Import letters of credit Objectives - the subject “Methods of paymentLetters of Credit” aims at: 1. Analysing various methods of payment used in international trade and outlining their differences, advantages, and disadvantages both for the importer and exporter

2. Understanding what documentary collections are and how they work. Export and

import collections will be analysed 3. Understanding the following:

1. The importance of the Documentary credits and letter of credit in the

international trade 2. How the Documentary credit works 3. The obligations of the parties involved 4. To understand how import documentary credits operate In this subject: 1. We will examine how to receive and effect payment for international contracts of sale EENI EENI EENI- School of International Business http:en.reingex.com 2. The student will become familiar with the parties, obligations, and key terminology used in documentary credit operations 3. As well as, the student learns about the key checklists to take into account when preparing documents for presentation under documentary credits. The focus will be on export methods of payment. The information presented here is also applicable to import transactions. The selection of the most suitable method of payment is a key factor of a successful export sale. Documentary Collection 1. Documentary collection 2. Clean Collection 3. Bill of Exchange 4. Managing collections 5. Documentary Collection Simulation Objectives 1. To learn the differences between clean and documentary collections and analyse the advantages and disadvantages for the importer and the exporter 2. To find out how to complete a Bank Documentary Collection order and how to manage export collections at the Bank 3. To understand the difference between documents against acceptance and documents against payment Subject: Finance of the international trade. Country risk. Syllabus: 1. Introduction to the international trade finance 2. Finance of the export and import transactions 3. Pre-shipment finance 4. International risk: payment, foreign exchange, counterparty, and delivery 5. Country risk 6. Sovereign risk 7. Credit ratings 8. Evaluation and classification of the Country risk 9. Corruption perceptions index EENI EENI EENI- School of International Business http:en.reingex.com 10. Export credits OECD 11. Case Study 1. The case of Thailand and South Africa 2. Introduction to Islamic Banking The aims of the subject “Finance of the international trade” are the following: 1. To familiarise the student with the various methods of finance both for exports and imports 2. To understand the risks associated with foreign trade operations 3. To know how to manage pre-financing and export financing Sub-subject: The Foreign Exchange Market FOREX. Currency trading. Options. Syllabus: 1. Introduction to the Foreign Exchange Market FOREX 2. The Global Financial Crisis 3. The role of the Bank for International Settlements 4. The European Central Bank. The Euro 5. The Tobin tax 6. Currency trading 7. Players: Central banks, companies, brokers, hedge funds, investors, and speculators 8. Currency exchange rates 9. Methods of managing the exchange risk 10. Types of coverage 11. Exchange risk insurance 12. Forward exchange contracts and currency options. CallPut Options 13. Spot Market and Forward Market 14. Vulnerability analysis 15. Case Study: the balance of payments as a tool for credit risk analysis of a market The objectives of the sub-subject “Foreign Exchange Market FOREX” are: 1. To analyse the fundamentals of the Foreign Exchange Markets, understand their functioning and examine the agents operating in these markets EENI EENI EENI- School of International Business http:en.reingex.com

2. To know the various methods of managing exchange risk