The Certificate in International Trade and Finance (CITF) provides participants, as a trade, export and commodity specialists, with a thorough understanding of international trade procedures, practices and legislation. CITF® develops the appropriate technical knowledge and skills required to enable participants to apply that knowledge to situations within the workplace. The qualification provides a core understanding of the products, documents, trade terms, roles and responsibilities that underpin international trade and finance. In addition to this core knowledge, CITF® helps participants to develop a basic understanding of fraud prevention and risk in terms of trade finance. The qualification also develops an understanding of contemporary international trade and finance topics such as sustainability, digital disruption and innovation, ensuring that students have relevant and up-to-date knowledge for the industry.
At the end of the training program, the participant should be able to:
1 Understand the relationship between international trade and economic development
2 Grasp the concept of comparative advantage
1 1. Recognise the risks inherent in international trade
2 2. Understand the nature of buyers and sellers in various markets
1 1. Know the basic considerations that traders need to be mindful of before entering into a binding export/import transaction
2 2. Understand the various intermediaries roles involved in an export/import transaction
1 1. Identify what makes a valid contract
2 2. Understand offer, counter-offer and acceptance
1 1. Identify types of trade-based financial crime
2 2. Understand risks that financial crime and non-compliance present to banks
1 1. Understand the sale and purchase of goods within the EU customs union and elsewhere
2 2. Comprehend financial documents, including bills of exchange and promissory notes
1 1. Understand the four main settlement methods used in international trade
2 2. Comprehend the concept of the risk ladder
1 1. Know what is meant by a ‘documentary collection’?
2 2. Understand the nature of the instructions given by one bank to another
1 1. Know what a documentary credit is and its amin features
2 2. Recognise the principles that determine the processing and interpretation of documentary credits
1 1. Understand the role of guarantees in international trade
2 2. Recognise the various types of guarantees (often called bonds)
1 1. Understand terminology related to supply chain finance
2 2. Recognise the business drivers which create a demand for working in capital finance
1 1. Appreciate overdrafts and revolving credit facilities
2 2. Understand acceptance credits
1 1. Understand the role of insurance in international trade
2 2. Know the risks covered by export credit insurance
1 1. Understand how the foreign exchange market operates
2 2. Appreciate the market size and key participants
1 1. Distinguish between digitalisation and digitisation
2 2. Comprehend big data
1 1. Understand commonly used definitions of sustainable development, sustainable business practices and sustainable trade
2 2. Comprehend the relationships between sustainability and trade finance
1 Review of Modules and Topics
Not Available
Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
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