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Trade Finance: Methods of Payments
Learn how trade is financed both domestically and abroad.Preview the first lesson free — get full access to all 8 lessons.
Intermediate Provider : KnowledgeCity 8 Lessons · 20m in Arabic, English
Course Description
Finance for importers and exporters is fundamental to their business. This course is designed to teach general concepts which will introduce the technical components of trade finance. In this course, you will learn about the methods used to finance trade including: cash in advance, letters of credit, documentary collections, and open account terms.
What You'll Learn
- Understand the general concepts and technical components of trade finance
- Explore the role of finance for importers and exporters in the global marketplace
- Learn how cash in advance is used to finance trade and how cash in advance payments work
- Examine letters of credit as a method of payment in trade finance
- Apply documentary collections as a trade finance method
- Evaluate open account terms as a method of financing trade
Key Takeaways
- Finance for importers and exporters is fundamental to their business.
- The course introduces the technical components of trade finance through general concepts.
- It covers the methods used to finance trade: cash in advance, letters of credit, documentary collections, and open account terms.
- Lessons situate trade finance within the global marketplace.
Frequently Asked Questions
Who is this course for?
It is designed around finance for importers and exporters, for whom trade finance is fundamental to their business.
What payment methods does the course cover?
It covers the methods used to finance trade including cash in advance, letters of credit, documentary collections, and open account terms.
What will I learn from this course?
The course teaches general concepts that introduce the technical components of trade finance, including the methods used to finance trade.
What topics are included in the lessons?
Lessons include an Introduction, The Global Marketplace, Cash in Advance, Cash in Advance Payments, Letters of Credit, Documentary Collections, Open Account Terms, and a Conclusion.
What skills does this course relate to?
It relates to skills in Commercial Finance, Finance, Financial Trading, International Finance, and Trade Finance, with a Finance Certification.
