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    Other Courses: Export Financial Risk Management

    Certificate Approved by WWISE
    Course Duration
    10 Weeks
    12 months access

    Course Summary

    You’ll explore export costings according to Incoterms® 2010 and the payment options available to the international trader. And you’ll be given practical tools on how to ensure your costings are correct, how to obtain payments, and when and how to apply for funding. Designed for those across the exporting spectrum, whether you’re just starting out or wanting to upskill, this course will boost your knowledge of export finance and empower you to take the next step in your career. When it comes to financial risk, before you throw caution to the wind, make sure you’ve carefully considered all the factors. When it comes to signing up for this course, you don’t need to think twice.

    Who Should Attend?

    • Clerks and similar levels wanting to move into the export – or import – division and seeking a quick way to get a feel for international trade and some qualification to justify being transferred. This includes manufacturers and traders.
    • International Logistics Managers, Area Managers, Shipping & Export Managers, Business Development Export Managers, communications Managers, Project Managers, Operations Export Managers, Business Managers, Export Sales Managers, Ship Chandelling Operation Managers, Airfreight Export Controllers, Export Co-ordinators, Distribution Managers, Logistics Managers
    • Those wanting to move into the international trade service sector including bankers, insurers, freight forwarders and others
    • Those currently unemployed and looking for a practical way to upskill and gain employment in the above fields, including university graduates and school leavers.

    Course Objectives

    • Ever heard of the saying, “Look before you leap”? Nowhere is this more profound than when you have to put your money where your mouth is. In the complexities of export finance, you need to fully understand the risk, processes and systems at play in order to put your money to work effectively.
    • This short course will help you do just that. As a core part of your export management journey, this program will give you a broad understanding of the foreign exchange market, the workings of foreign currency and the management of exchange rate and risk fluctuation. You’ll explore export costings according to Incoterms® 2010 and the payment options available to the international trader. And you’ll be given practical tools on how to ensure your costings are correct, how to obtain payments, and when and how to apply for funding – the essential components to a financial risk management policy for your international operations.

    Course Modules

    • Operating in the Foreign Exchange Market
    • Exchange Rates and Foreign Exchange Risk Management
    • Payment – Pre-Payment and Documentary Credit
    • Payment – Bank Collection, Open Account and Credit Insurance
    • Export Costings
    • Calculating Export Costs According to Incoterms®2010
    • Sources and Methods of Financing

    Benefits

    • Establishing the context
    • Identifying the risks
    • Assessing probability and possible consequences of risks
    • Developing strategies to mitigate these risks
    • Monitoring and reviewing the outcomes
    • Effective communicating and consulting with the parties involved

    Certification

    Assessment

    Certificate of Successful Completion – On completion of your short course, you’ll be awarded a certificate that’s approved by the IMM Graduate School and our respective partners, recognising the skills and key competencies you’ve developed along the way. This certificate can be used to document your commitment to continuing professional development in your personal portfolio (including your LinkedIn profile or CV), or to provide evidence to employers or other Export Financial Risk Management professional bodies of your achievement. Moreover, you’ll be better equipped to face workplace challenges, enhance your professional performance and, thereby, boost your career