Euromoney On-Demand
Powered by Finance Unlocked
Learn about every aspect of finance, delivered through one-off videos to in-depth pathways
Learn MoreVAT on Virtual and Online Programmes
Claiming Back Your VAT
All attendees of a London based course incur VAT as a part of the cost of attendance.
Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.
Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.
Claim the VAT that's rightfully yours in four simple steps:
|
1. Register your interest |
2. Sign a few simple documents |
3. VAT IT processes your claim |
4. Receive your refund |
Why choose VAT IT
VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.
VAT IT will charge a percentage of the VAT refund if/when it is successful.
Can I claim back the VAT myself?
You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form.
For European clients, please refer to form VAT 65.
All other clients, please refer to form VAT 65A.
You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.
Structured Trade & Commodity Finance
-
The Structured Trade & Commodity Finance course will provide you with a comprehensive view of international trade and commodities, with a particular focus on the interplay between trade finance instruments and supply chains as they apply to the commodities business.
This intermediate-level, four-day course examines various trade finance product concepts and their application to supply chains and financing structures typically used to facilitate commodity flows. By the end of the course, you will know how to apply a risk-sensitive approach to commodities trade financing and financing agreements.
Course Highlights:- International trade risks in emerging markets
- Financing trade in challenging markets
- Pre-finance – what can go wrong?
- Payables-centric solutions
- Warehouse/Inventory Finance
- Receivables-centric solutions
- Risks in Commodity Trade contracts
- INCOTERMS & Transport Documents
- Marine Cargo Insurance
- Commodity Price Hedging
Who should attend this course?
Attendees are expected to be equipped with prior knowledge about mechanisms relating to Open Account, Letters of Credit, Bank Guarantees and Documentary Collections.
For those less familiar with these topics, pre-course reading material will be provided.
Methodology
This course combines practical lectures and numerous case studies to ensure the learning experience is highly practical and relevant.
Note - A good level of spoken and written English is required to attend this course. Delegates should be of an intermediate standard in English at a minimum. Please refer to the Common European Framework of Reference for Languages - as a guide the level required is B2. -
This course will be delivered using a video conferencing technology. To find out more, please contact learning@euromoney.com
The course will run over 3 x 2hr sessions each day.Start time will be 9am BST (British Summer Time)Day 1
Session 1 (2 hours) – Risk and business in the commodities world
• A discussion on Risk
• Distinguishing Trade Finance from other forms of lending to businesses
• Commodity trading – markets and players
• Evolution of the trader’s business model, asset heavy or otherwise
Reading material: Risks in international trade
Session 2 (2 hours) – What does ‘structured’ mean?
• ‘Plain vanilla’ trade finance versus Structured Trade Finance
• Structuring a commodity finance transaction
• Credit risk-centric/Asset-backed/Performance risk centric rationales
• Collaterals in a structured trade finance transaction
Reading material: What do we need to understand about Basel Capital Accord – latest version?
Session 3 (2 hours) – Group case exercise & presentationDay 2
Session 4 & Session 5 (2 hours each) – Pre-finance
Pre-shipment finance and pre-finance
Pre-export finance to grower/producer
Pre-payment finance through the Buyer; limited recourse feature
Processing finance
• Production and delivery conditions determining contract outcomes, insurances
• ‘Push’ factor for success of pre-finance
• What can go wrong?
• Ownership of the commodity asset
• Licenses, export quotas. foreign currency controls
• Performance and country risks
• Security interests of financier
Reading material: Notes on Pre-finance
Session 6 (2 hours) – Group case exercise & presentationDay 3
Session 7 (2 hours) – Inventory & Warehouse Receipts Finance
• The business case for warehousing
• Use of a bonded warehouse
• Separating warehouse finance from warehouse receipts finance
• Problems with pledges over inventory stocks, physical dispossession
• Nature of a warehouse receipt; is it a document of title or only evidence of receipt?
• Legal and regulatory infrastructure required to support warehouse receipt finance
• Repo finance against commodities traded in a liquid, well-ordered derivative market
Reading material: Warehouse financing methods
Session 8 (2 hours) – Inventory finance
Borrowing-base finance
Stock Monitoring Arrangement
Collateral Management Arrangement
• Review of a collateral management agreement (CMA)
• Liability of a collateral manager
Reading material: Perfecting security and collateral interests
Session 9 (2 hours) – Group case exercise & presentationDay 4
Session 10 (2 hours) - Transport documents
Incoterms 2010
Flag of vessel; avoiding sanctions
Liner & Chartered vessels
Obligations of shipper/charterer and vessel owner
Loading and discharge of cargo
Documents representing goods
Documents of Title; title, negotiability and endorsements
Reading material: Legal significance of a document of title
Session 11 (2 hours) – Insurances used in Structured Trade Finance
Marine Cargo Insurance
• Principles of marine insurance
• ICC A/B/C, seller’s risk cover
• Security over insurances (assignment vs. loss payee)
Reading material: Marine Cargo Insurance
Political and Credit Risk Insurances
• Why do banks need political risk insurance cover?
• Contract frustration
• Confiscation of assets
• Covering risk of default in payment by buyer
Reading material: Trade Credit Insurance
Reading material: Commodity price risk management
Session 12 (2 hours) – Mishaps in Commodity Finance -
Our Tailored Learning Offering
Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.
If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.
We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.
-
We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.
We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:
- Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
- Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
- Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
- Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
- Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
Instructor
-
Srinath Keshavan
Biography
The Course Director is a Trade Finance practitioner with 32 years experience in the Asia-Pacific region. His experience encompasses both commercial and financial aspects of International Trade. He worked for many years in Bills, Banking Operations and Credit & Marketing Departments of an international bank in Hong Kong SAR. Since 1991, he has been associated with commodity-trading firms in Singapore as Head of Trade Finance and Risk Management. His expertise relates to structuring financial arrangements for international trade transactions, raising credit lines and managing banking relationships. He heads a trade finance consultancy in Singapore. His seminars provide clarity over technical concepts and offer participants the opportunity to reinforce their own understanding of the subject through practical illustrations.
