International

Trade Finance
International Trade FinanceFITTskills International Business Course

What will I get when I register?

In order to have a successful business, at the end of the day youve got to
get paid. Our FITTskills International Trade Finance course will teach you
how to manage your global trade transactions, mitigate your international
financial risks, and develop a sound financial plan that will help ensure your
business success.

An International Trade Finance PDF

textbook
Access to a pausible and
rewindable online video lecture
24/7 technical support
Access to the final examination
International trade competencies
to help you compete in todays
integrated global marketplace

What youll learn in this course

The nature and scope of trade finance, particularly the Four Pillars of
trade financepayment facilitation, risk management, financing and the
provision of information related to a transaction.
An understanding of the impact of technology on trade finance.
How to compare the major products and services related to trade
finance, including the role and requirement of each party to a
transaction.
The importance of export credit agencies and international financial
institutions to international trade.
The importance of adequate planning relative to the financial aspects
of international trade.
How the course works
Once you register for International Trade Finance, youll be given access to
the online video-lecture and your textbook in PDF format. Youll then have
3 months to work through the course at your own pace and register for
the final examination.The exam is offered online in a multiple-choice format.
And like all FITTskills exams, it will be marked by subject-matter experts
whove taught the course. See full course outline below.

Visit www.fitt.ca/fittskills-program for a description of the full FITTskills program.

info@fitt.ca | 800.561.3488

How much does the course cost?

$600 ($550 for FITT General
Members) plus applicable taxes.
How do I sign up?

Or visit fitt.ca/international-tradefinance and click Sign Up Now.

International Business Certification
Each FITTskills course counts as
a credit toward the educational
requirement for the Certified
International Trade Professional (CITP)
designation. Visit fitt.ca/certification-citp
to learn more.

Course Outline

International

Trade Finance
Chapter 1: An Introduction to Trade Finance

International Trade Finance

Four Pillars
Managing Trade Banking Relationships
Managing Cash
Forms of Trade Financing: How Many Ways Can
You Get Paid?
Insurance and Risk Mitigation: Insuring Payment,
Protecting Value
Trade Finance Across the Supply Chain
Trade Finance: Deal Maker, Deal Breaker
Banks, ECAs and IFIs: Trade Finance the Traditional
Way
Couriers, Hedge Funds and Other Players in
Trade Finance
Technology: Trade Finance Evolves
Project Finance, Countertrade and Other
Flavours

Documentary Letters of Credit

Bonds, Guarantees and Standby Letters of Credit
Chapter 4: Foreign Exchange Rates
An Overview of Exchange Rates
Foreign Exchange Risk Assessment
Chapter 5: Pricing
Costing Considerations
Costing and Trade Terms (Incoterms)
Settlement
Chapter 6: Short-Term Financing
Trade Finance Timelines
Short-Term Financing
Documentary Letters of Credits and Collections

Chapter 2: Analyzing and Managing Risk

Chapter 7: Medium- and Long-Term Financing

International Trade Finance Risks: An Overview

Sources of Risk Information
Foreign Importer or Supplier Risk Assessment
Understanding Common Payment Terms and
Instruments
Trade Finance Payment and Settlement
Chapter 3: Trade Finance Instruments and Services

Commercial Medium- and Long-Term Financing

Export Credit Agency (ECA) Lending
International Leasing
Project Financing
Development Finance Programs
Multilateral Development Banks
United Nations Development Program

The Instruments: An Overview

Documentary Collections

Visit www.fitt.ca/fittskills-program for a description of the full FITTskills program.

info@fitt.ca | 800.561.3488

Course Outline

International

Trade Finance
Chapter 8: Export Credit Agencies and Private
Sector Credit Insurers

Evaluating the Business or Transaction Viability

**Each chapter also ends with related exercises and

resources

ECAs Operate Globally

Legislative and Regulatory Context
ECA Models
Selected ECA Products and Services
Credit Insurance

Chapter 9: Technology and Trade Finance

Trade Finance & Technology: Context

Technology and the Trade Value Proposition
Technology and the Supply Chain
Trade Finance: A Glimpse of the Future?

Chapter 10: Cash Flow Planning

The Lifeblood of the Business

How to Project Cash Flow
Example of a Cash Flow
Managing for Cash

Chapter 11: The Financial Plan

Successful Planning for Importers and Exporters

Long-Term Commitment
Recognizing All Cost and Price Elements
Where the Costs Begin and End for the Exporter
and Importer
Necessary Elements for Successful Planning
Calculating Costs and Opportunities
Pricing Strategies

Visit www.fitt.ca/fittskills-program for a description of the full FITTskills program.

info@fitt.ca | 800.561.3488