This class will provide you with the understandings of following concepts:
1.The meaning of foreign trade; terms of delivery of goods; balance of
payments; balance of trade.
2.The laws governing trade finance viz FEMA, NIACT, Indian Stamp Act,
EXIM policy, RBI Guidelines, FEDAI guidelines.
3.Role of banks in foreign trade; methods of financing.
a)Documentary Letters of Credit
b)Various facilities to Exporters and Importers including Forfeiting and
c)Factoring.
4.Theories of International Trade.
5.Terms of Trade.
6.WTO - Its Impact
7.Exchange Control / relating to International Trade
8.Letter of Credit and UCPDC 600 - Meaning Parties to LC, Different types
of LC, Mechanics of LC, Articles of UCPDC
9.Exports
a)Pre-Shipment - Credit
b)Post Shipment – Credit
10.Imports
11.International Finance - method of finance
a)ADR - GDR
b)Loan - syndication
c)LIBOR
12.Documents used in Trade - Bill of Exchange, Invoice, Bill of Lading,
Airway Bill, Insurance Policy etc.
13.Insurance including marine insurance.
14.Risks involved in trade finance - country risk, currency risk, credit risk,
counter party risk, exchange risk, legal risk etc.
15.Domestic trade-method of Financing - Working Capital - Appraisal and
sanction - Deferred payment guarantee - Securitization - Factoring etc.
16.Role of EXIM Bank
17.Role of ECGC
The NISM certification is very valuable as a core qualification for students and professionals looking for a career in the financial markets. ... Freshers with just a graduation degree and a NISM certification can make decent careers in the financial services industry.
