Explores the export/import arena by identifying current trends in global exporting, recognize proper prices of goods in an international market, understand the risks involved with the various payment methods used and recognize how small businesses can compete with large corporations in today’s market. Examine global ethics in business, and management’s need and use of international financial information. Evaluates international monetary policies, examines foreign exchange markets and forecast foreign exchange rates.
The overall goal of this three-day course is to use a structured and systematic approach to assess and manage the risks inherent in international trade and understand the techniques used to mitigate and/or transfer risks between the parties involved in the transactions. The focus is on understanding the working capital cycle of a business, identifying financing needs, and structuring solutions to meet client needs; whilst appropriately managing the risks in order to recommend optimal trade finance solutions.