International Trade Finance

Discusses the new roles and responsibilities of the updated parties now engaged in international trade finance
Provides robust up-to-date examples including SWIFT updates and the implications of Brexit
Includes check lists, guidance notes, and specific case studies and examples

Auteur
Tarsem Bhogal has been Principal of the Staff Training Centre, Association of Indian Banks in the UK from 1990 to August 2006. Earlier, he had been a senior faculty of an International Bank's Regional Staff Training and Development Centre in London. Bhogal set up a Regional Staff Training Centre of a public sector bank in northern India. He has been a practical banker who managed banking operations in Kenya, India and the United Kingdom, starting his banking career with The Standard Bank Limited, Nairobi, Kenya. Bhogal is a Fellow of The Institute of Financial Accountants, Fellow of the Institute of Public Accountants, Member of Chartered Management Institute and member of the Chartered Institute of Banker (now The London Institute of Banking and Finance). He is a member of the Standing Advisory Committee on Religious Education.
Arun Trivedi is a banker, researcher, writer, reviewer and academic. Presently he isengaged as a business design consultant and a corporate governance coach in West Africa, Asia, Canada, Europe and the Middle East for Human Capital formation organising business seminars, modular courses, mock-drills covering the behavioural sciences and providing functional knowledge in areas such as trade finance and risk management, foreign exchange, international banking, corporate governance and ethics and value system. Arun has authored books on foreign exchange and risk management, credit risk management, international trade finance and behavioural science. Arun is a member of the London Press Club and has received notable awards including Fellowship of the Indian Institute of Banking & Finance (IIBF), Chartered Fellowship of Chartered Institute for Securities and Investments (Chartered FCSI), Life Member, Indian Society for Training and Development and an award for services in Banking and Finance Management from the International Biographical Centre, Cambridge, England.

Texte du rabat
The 21 st century has witnessed swift change in every sphere of the human endeavour. Regulatory re-alignment, digitalisation and economic and political developments have contributed to paradigm shift in banking, trade, finance and the shipping industry virtually transforming the landscape. International Trade Finance is an essential tool for bankers, exporters/importers, shippers, consultants, teachers and students navigating the procedures of international trade finance. The book addresses basic topics relating to international trade including letters of credit mechanism, collections of bills, trade customs and practice. New to this revised edition, it covers SWIFT updates, supply chain system, UKEF, Blockchain technologies, the implications of BREXIT, NAFTA, Mexico, Canada and other bilateral agreements and their implications, the US sanctions, terrorist financing and anti-money laundering provisions, and a check list to control financial crime risks in trade finance. The extended metaphor of the book is that of an arm chair tour covering fundamentals to the nuances of the hard core of the subject matter and enabling the readers to deal with complicated implementation issues in a forthright and comprehensive fashion.

Contenu

1. International Trade and Inherent Risks.- 2. Services Offered by Commercial Banks.- 3. Methods of Trade.- 4. Foreign Exchange Rates.- 5. Bills of Exchange, Collections, Purchasing and Discounting.- 6. Documentary Letters of Credit.- 7. Letters of Credit: Types.- 8. Methods of Payment Settlement.- 9. Financial Load Variations: Eight Types of Letters of Credit.- 10. INCOTERMS.- 11. Documents in Foreign Trade.- 12. Negotiation of Documents.- 13. Factoring and Forfaiting.- 14. Electronic Documents (eUCP).- 15. Scrutiny of Documents: Procedures.- 16. Common Irregularities in Documents.- 17. Bank Guarantees and International Bonds.- 18. SWIFT and Letters of Credit.- 19. ICC DOCDEX Rules.- 20. UK Export Finance.- 21. Marine Insurance.- 22. Innovative Non-traditional Finance.- 23. BREXIT.- 24. Blochchain Technology and Trade Finance.- 25. Money Laundering and Sanctions.