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presents
WEDNESDAY & THURSDAY, 3 & 4 JULY 2019 * 9:00AM to 5:00PM
MARRIOTT GRAND BALLROOM, RESORTS WORLD COMPLEX, PASAY CITY, PHILIPPINES
MARRIOTT GRAND BALLROOM, RESORTS WORLD COMPLEX, PASAY CITY, PHILIPPINES
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.
REGISTER NOW
Avail of the Early Bird
& Group DISCOUNTS
Contact Person: Jamie Borlaza
Manila lines (+632) 556-8968 or 69
Manila Telefax (+632) 842-7148 or 59
Email: jamie.cgbp@yahoo.com
Check: www.cgbp.org ____________________________
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 Finace Practices
& Compliance Issues for Auditors
Marriott Grand Ballroom, Resorts World Complex, Pasay City, Philippines
9:00am to 5:00pm, Wednesday & Thursday, July 3 & 4, 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 sellers 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
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TRAINING FEE PER PERSON: P 16,580 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before June 3, 2019)
• Less 5% for early payment (if made on or before June 23, 2019)
• Less 5% for group registration (minimum of 3 participants)
REGISTER NOW
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
TRAINING FEE PER PERSON: P 16,580 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before June 3, 2019)
• Less 5% for early payment (if made on or before June 23, 2019)
• Less 5% for group registration (minimum of 3 participants)
