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Understanding Methods of Payment. Paid for Event

10 November 2020 @ 9:00 am - 1:00 pm GMT

Upskill your team’s knowledge with Subsidised , fully Accredited Training from Surrey Chambers of Commerce.

An understanding of the recognised methods of payments used in international trade is essential for anyone working in an international trade environment. Knowledge of these processes will ensure payments are received on time. Being able to negotiate contract payment terms with confidence, will enable you to plan better and grow your business safely.
Knowing what the risks are with each method will help to avoid potential financial loss. This session will look at each payment method and explore how a company can use them as part of a Trade Finance solution to help maximise profitability and cash flow.

This is organised in a virtual package comprising of a live webinar.

Delegates: open to anyone who deals with International Trade Finance
Grant funding: Eligible for HMRC training funding (www.customsintermediarygrant.co.uk)
Course pre-requisites: none.
Course content is based on the following topics:

Increased awareness of the risks associated
Definition and purpose of each method of payment
Process flows associated with each method
Types of commercial documents used
Roles of Importer / Exporter / Banks
The Funding Gap
Using Trade Finance solutions to assist company cash flows
Typical types of FX Hedging solutions used to cover currency risk
Ongoing help and support from Surrey Chambers
Assessment: Optional formal exam can be taken to work towards a BCC ‘Foundation in International Trade’ award

To book a place click here