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                         Course Outline (.PDF 366kb)

                Early Payment Deadline          CGBP




WEDNESDAY & THURSDAY, 25 & 26 SEPTEMBER 2019 * 9:00AM to 5:00PM

The financial services industry presents challenge to external auditors -- the complexity of the language and the products to deal with.

This two-day course is specifically designed to provide external and internal auditors with the key skills that one requires prior to commencing internal auditing assignments within financial service institutions, import and export companies.

This special lecture will provide auditors the in-depth knowledge they need to fully understand international trade finance cycle, trade finance products and solutions in order for them to be effective in their job.

 Limited Seats Only, Pre-Registration Required

Avail of the Early Payment

   Contact Person: Angela Manabat
   Manila lines (+632) 556-8968 or 69
 Manila Telefax (+632) 842-7148 or 59
    Check:    ____________________________
   Training Investment is P16,580
   inclusive of Meals, Resource Kit, &
   Certificate of Attendance

Course Director & Lecturer:
Victor Tan, MBA(Strathclyde), ACIB, MInstAM,

is a qualified Life Associate Member of the Chartered Institute of Bankers, London and has 15 years of banking experience covering the areas of International Trade Finance, Remittances, Guarantees, and Import and Export. He has worked with various International Banks since 1977 starting with Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and lastly Barclays Bank, where he was Deputy Head of Trade Finance, before leaving the banking industry in 1992.

Since then, he has become an independent training consultant who conducts public seminars and company in-house training programs for corporate clients. He also does regular training assignments within the region -- Jakarta, Kuala Lumpur, Manila and Bangkok. He also holds a Master of Business Administration degree from University of Strathclyde, UK. He has been the external trainer for PricewaterhouseCoopers (since 1994), KPMG, the International Trade Institute of Singapore & Dun & Bradstreet, Institute Bank Bank Malaysia Bhd,.

Who Should Attend:

     • CPAs

     • Financial Auditors

     • Bankers & Insurers

     • CFOs and Comptrollers

     • Company Treasurers

     • Business Consultants

     • Anyone who wantsto fully
       understand trade
       finance operations


This program is open to the
General Public

Understanding Trade Finance Practices
& Compliance Issues for Auditors

Manila Marriott Hotel, Pasay City, Philippines
9:00am to 5:00pm, Wednesday & Thursday, September 25 & 26, 2019

Course Outline

1. Overview of International Trade

         • Risks Assessment
         • Choice of Payment terms
         • Choice of Shipment Terms
         • Sales Contract


2. Audit of Trade Finance

         • Auditor's Learning Objectives
         • What the key Risk Areas
         • Internal Control Principles


3. Key Risks in International Trade

         • Non-payment
         • Political
         • Economic
         • Foreign Exchange
         • Frauds


4. Different Payment Terms

         • Open A/C
         • Advance Payment
         • Collections
         • Letters of Credits
         • Standby LC


5. The 11 Incoterms – EXW, FCA, FAS, FOB, CIF, CFR, CIP, CPT, DAT, DAP, DDP. When is the seller’s risks
    transferred to a buyer?


6. The Different Types of Letters of Credits - Process & Purpose

         • Sight/Usance LC
         • Irrevocable LC
         • Confirmed Irrevocable LC
         • Red Clause LC
         • Revolving LC
         • Back-to-Back LC
         • Transferable LC


7. Letter of Credit Application process and compliance issues.

         • Key Terms & Conditions of LC Opening
         • Application Checklist
         • Letter of Credit Negotiation process and compliance issues.
         • What to look out for when LC is received
         • Beneficiary Checklist


8. Trade Documentation - function and compliance issues and relationship to Incoterms:

         • Draft
         • Invoice
         • Packing List
         • Bills of Lading
         • Multimodal BL
         • Charterparty BL
         • Airwaybills
         • Certificates of Origin
         • Insurance Policy
         • Inspection certificates, etc.


9. Local Letters of Credit

         • Risks & Frauds


10. Shipping Guarantee


11. Risks & Frauds


12. Measures to Mitigate Risks


Case Studies and Discussions

TRAINING FEE PER PERSON: P 16,580 (Fee covers Meals, Resource Kit, Certificate of Attendance)


Less 5% for early registrants (on registrations made on or before August 25, 2019)
Less 5% for early payment (if made on or before September 15, 2019)
Less 5% for group registration (minimum of 3 participants)

Share |
Download: Flyer - Black&White (.PDF 406kb)
                         Course Outline (.PDF 366kb)