This class exists in these courses :
• Faculté de Gestion, Economie & Sciences - Masters - Master 1 Management des Banques et Institutions Financières - S2 - 2 ECTS

Prerequisites

None

Learning outcomes

Analyze the risks associated with international operations, export and import. Study the means of payment and techniques which allow risk coverage, analyze their functions, their advantages, and inconveniences as well as their costs, and learn how to adapt them to international business operations. Study international guaranties in high demand: payment guaranties, market guaranties. Learn the principles of forfaiting and international factoring.

Course description

Part 1: Risks Associated with International Operations, Documentary Delivery and Documentary Credit.
• Risk Identification: In Import as well as Export
• Documentary Delivery, Documentary Credit: the Players, the Functioning, Risk Flatware

Part 2: Special Feature of Documentary Credit: Red and Green Clause, Transferable, Back to Back and Revolving

Part 3: Internal Guarantees
• Market Guaranties, Payment Guaranties, Stand by Credit Letters

Part 4: Techniques of Financing Exports
• Introduction to Forfaiting and Factoring

Class type

Class structure

21 in-class hours plus practical exercises (or four half days).

Teaching methods

Assessment

Recommended reading

• Foucher Edition, - Exporter 19ème Edition,
  -, - Le MOCI (Monitor du Commerce International) mémo guide n°150022 : Commerce International : Les solutions bancaires,
  G Legrand et H Martini (Dunod), - Le Petit Export 2005/20006,
  ICC Publishing SA, - Les Règles et Usances 600 relatives aux crédits documentaires,

Internet resources

• Sites web de différentes banques internationales