Advanced Program in Trade Finance & Foreign Exchange
Oct 20, 2015
Contents
– Broad Contours
– Objective
– Who Should Attend?
– Unique Features
– Module Coverage
– About Faculty
– Synchronous Learning Technology
– Detailed Program Elements
– About IFBI
Program Faculty
• Primary Tutor – Mr. Clement
Duration
• 2 Months
Program Fees
• Rs. 15,000/- + 12.36% Service Tax = Rs. 16,854/-
Class Dates
• Commencement - July 27
• Special batches for corporates
Schedule
• Saturday (6:30PM – 9:30PM) & Sunday (10:00AM – 01:00PM)
Broad Contours
Objective
• To ensure trained and competent resources in FOREX & International Trade domain – Competency Framework to focus on
• Domain knowledge
• Exposure changing industry practices and norms
Who should Attend?
• Delegates in FOREX & International Trade vertical.
• Who want to improve business performance
• Who want to enhance skills to increase productivity and efficiency (Self/Team)
Unique Features Unique Program
• Only Advanced domain specific Program in Trade Finance & FOREX in India that has been exclusively designed for working professionals.
Pedagogy
• Designed with a mix of experience sharing, real life case discussions, assignments and industry/research based projects besides the lectures in class
Strategic Leaders
• More than 90K professionals have already been trained in various Banking & Financial domains by NIIT-IFBI
Peer Learning
• Opportunity to Network and Learn from other professionals in the corporate world
Certification
• Competency Certificate on Successful Completion from NIIT-IFBI
Module Coverage • Introduction to Foreign Exchange and International Trade • FEMA • Foreign Exchange Arithmetic • Foreign Exchange Remittances • Non – Resident Accounts – NRO, NRE & FCNR • Resident Foreign Currency Accounts • Overview Of Foreign Trade • Incoterms • UCP 600 • Letter of Credit • Bank Guarantees • Exports • Imports • Export Credit Guarantee Corp. of India – Guarantee & Shippers Policies • Society for worldwide interbank financial Telecommunication – (SWIFT) codes • Statutory Returns to RBI
About Program Faculty
• Mr. Clement – Domain expert with 32 years of experience from
Central Bank of India – He has diverse experience working with different
verticals including Audits and Corporate Finance – A visiting faculty to RBI - for various banks across
India. Primarily for • RBI Training college, Mumbai • FEDAI(Foreign Exchange Dealer’s Association of India)
– He also conducted workshops and trainings on Management Development programs for various organizations in India.
STUDIO VIEW
CLASSROOM VIEW
APDMx14 ver 1.1
35 Classrooms across 23 Cities in India Direct one-to-one interaction is ensured through individual ICT
systems for each student: High-performance PCs Webcam Audio system and microphone at each workstation,
connected directly to faculty at institutes Classroom interactions & ambience are facilitated by clusters of
student-stations and camera & projection systems that span the full classroom.
Learning Management System (LMS): • program-specific notices • online submission of assignments • reminder services • online testing • student records
Synchronous Learning Technology
NIIT-IFBI - TECHNOLOGY EDGE
REPLICATION OF LIVE CLASSROOM
SYNCHRONOUS LEARNING
Full features of face-to-face teaching
Raised-hand-seeking-teacher's-attention
Tabulation of responses
Quizzes randomly created by the teacher
APDMx14 ver 1.1
Case-studies
Project work
Role-plays
Assignment
Collaborative group activities
Instructional material
Elements Running through Program
Introduction to Foreign Exchange and Foreign Trade Session 01 – session 04
FEMA Session 05 – Session 06
Foreign exchange rate mechanism Session 07 – Session 08
Foreign exchange arithmetic Session 09 – Session 10
Foreign exchange remittances Session 11 – Session 12
Non-Resident Accounts - NRO, NRE & FCNR Session 13 – Session 14
Resident Foreign Currency Accounts Session 15
Overview of Foreign Trade Session 16 – Session 17
Incoterms Session 18 – Session 19
UCP 600 Session 20 – Session 22
Letter of Credit Session 23 – Session 25
Bank Guarantees Session 26 – Session 32
Exports Session 33 – Session 38
Imports Session 39 – Session 44
ECGC - Guarantees & Shippers policies Session 45
SWIFT Session 46 – Session 47
Statutory Returns to RBI Session 48
• Introduction to Foreign Exchange and International Trade – Foreign Exchange in India – Forex Mechanism, Transactions and Rates – Understanding Funds position – Forex Market & Trading – Foreign Trade Policy
• FEMA – Operational Procedures – Compliance of Forex transactions as per FEMA
• Foreign exchange rate mechanism – Foreign exchange rates quoted in the Inter-bank market – Movement of Rates – Methods of determining Forward Rate
Detailed Module Coverage
Detailed Module Coverage • Foreign Exchange Arithmetic
• Merchant Transactions • Rates (Trade & Non - Trade) • Margin • Calculation of TT Buying/Selling, Bill Buying/Selling.
• Foreign Exchange Remittances • Inward Remittances • Obligation of banks under FCRA • Collection & Encashment • Outward Remittances
• Non – Resident Accounts • Eligibility, Repatriability, Type of accounts, Period of deposit, ROI, Operations
through POA, TDS • Difference between NRO & NRE. • Opening of FCNR accounts
• Resident Foreign Currency Accounts
• Overview Of Foreign Trade
– Definition
– Risks
• Incoterms
– 2000 & 2010
– Comparisons
• UCP 600
• Letter of Credit
– Advantages, parities and types
– Amendments/Cancellation & Pricing
• Bank Guarantees
– Covered in great detail
• Exports
– Shipment finance, Scrutiny of documents
– Purchase/Discount of bills
Detailed Module Coverage
• Imports
– RBI guidelines and EXIM policy
– Retirement of bills drawn under import LC
– Collection
• Export Credit Guarantee Corp. of India – Guarantee & Shippers Policies
– Dos & Don’ts
– Claims and Recovery
• SWIFT codes
– Understand electronic transactions
– Understand Transaction/ Message types
• Statutory Returns to RBI
– Returns
– XOS
– BEF
Detailed Module Coverage
Over 21,000 students placed
IFBI: Pioneer and Scale player in BFSI Career Building
160 experienced
faculty
Over 91,000 professionals
trained
• Client base of over 40 Leading Banks & Financial Institutions
• Trainers with an average experience of 20+ years • Practitioner faculty that come from Banking and FS
Industry
• DNA that understands banking and financial services • Dedicated content and instructional design team • Over 2,000 hours of training content in Banking, Finance, Soft
Skills, Selling, Customer Service • Present in 40+ Locations in India, soon in Nigeria & Nepal
IFBI Today
IFBI Capabilities
Providing end-to-end training solutions for BFSI Sector / Vertical
• Skill Mapping
• Content Design & Development
• Sourcing & Selecting Candidates through rigorous screening
• Training Delivery, Assessment & Certification of Candidates leading to Placement
• Providing on-the-job training support
• Skills Up-gradation training ; Roll out training
Some Partnering Organizations & Corporate Clients