Foreign Exchange Business Operations, Trade Finance and Risk Management

06/26/2010 12:00
07/10/2010 18:00
Asia/Calcutta
Event Location: 
IICM Training Centre, Mumbai


26th June, 3rd July and 10th July, 2010

Program ideal for:

  1. Bankers - Authorised Dealers Category I & II
  2. Exporters & Importers
  3. Corporates who wish to enter Forex Business
  4. Auditors, CAs, ICWAs etc
  5. Consultants and students aspiring for careers in Forex and Trade Finance business

Course Conducted by

 Professor N.K. GUPTA,  B.COM,CAIIB,AICWA,DLII  Practicing Cost Accountants and Management Consultant with over 30 Years of Experience in International Banking / Markets / Business & Treasury

Linkedin Profile:   http://www.linkedin.com/in/nijaygupta
Facebook Study Group: http://www.facebook.com/group.php?gid=143970885148

 
DAY 1
 
Session 1
Introduction 
  
Session 2
Role, Scope and Functions of Foreign Exchange Business – Transactions & Operations in Banks, Overview of FOREX Business in India. Role in brief - MOC/MOF/ICC/RBI/ FEDAI / ECGC/DGFT, Role of FEMA 1999
  
Session 3
Discussions on Operations in AD Branches, Operational tips FEMA 1999, FEMA 1999 on Imports, Exports and Remittances, FOREX Remittance (Inward/Outward) and Foreign Currency accounts (EEFC/RFC) facilities available to Resident Indians
  
Session 4
Foreign Trade Policy – 2009-14, Customs Formalities for Exports & Imports
  
DAY 2
 
Session 1
INCOTERMS & Letters of Credit, UCP 600 and Scrutiny of Documents
  
Session 2
International Trade and Finance in India, Export Finance – Pre/Post shipment finance in Rupees/Foreign Currency , ECGC Guarantees & Policies
  
Session 3
Factoring & Forfaiting, Import Finance – Buyer’s Credit, ECB
  
Session 4
SWIFT and FOREX transactions, Implications of Wrong Reporting and Non Reporting, SWIFT Formats MT 103, 202, 700 & 707, Import / Export procedures and regulatory requirements
  
DAY 3
 
Session 1
FX Basics, Forward Exchange, Hedging of Forex Transactions. Customer Transaction Types, Customer Forward Sale and Forward Purchase Contract
  
Session 2
Booking, Cancellation & Re-booking of Forward Contract, Futures & Options, USD or Jap Yen Carry Trade vis-à-vis Arbitrage & impact of capital inflows through FII/FDI (ADR/GDR/ECB) on India’s Balance of Payment/Reserves
  
Session 3
Documentary credits intricacies and collection documents handling, Difficult country trade and lessons, Case Studies on UCP 600 & Documentary Credits
  
Session 4
Caselets and Question / Answers
  
 

Course Fee

INR 5,000/- (includes Lunch, Tea and study material)

Registration Procedure

Prepare a Cheque/Pay Order/Demand Draft payable at Mumbai, India for Rs. 5,000 and send it along with your name and contact details to us as per the below details:

Name on the Cheque: Creative Merchants

Post the Cheque to

Amit Gupta
Director - IICM,
801 Guruvihar,
Eksar Road, Borivali West
Mumbai, 400 092,
India.

Contact : Amit Gupta, +91 9819 2585 70

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