Banking · Trade Finance & Remittance FinanceIntermediate
Trade Finance & Remittance Operations
LCs, documentary collections, guarantees and inward remittance done right.
Taught by My Skill Lab Banking Faculty · Trade Finance & Remittance Practitioners
What you'll learn
- Explain the main trade payment methods and choose the right one for a Nepali importer or exporter.
- Issue and handle letters of credit and examine documents against UCP 600 and the LC terms.
- Process documentary collections and bank guarantees with correct risk controls.
- Apply NRB Foreign Exchange Management Department rules to import, export and remittance transactions.
- Run inward remittance operations with sound KYC and trade-based money laundering checks.
About this course
A practical course for trade finance, remittance and foreign exchange operations staff in Nepali banks. It covers letters of credit under UCP 600, document checking, collections and bank guarantees, NRB foreign exchange rules for imports and exports, and inward remittance operations with AML controls.
Course content
5 lessons- 1Trade Payment Methods and the Nepali ContextAdvance payment, open account, collections and LCs, and who carries the risk.Preview
- 2Issuing and Handling Letters of CreditFrom LC application to settlement, step by step.
- 3Document Examination under UCP 600Spotting discrepancies and handling them correctly.
- 4Collections, Guarantees and Export FinanceDocumentary collections, bank guarantees and supporting exporters.
- 5Inward Remittance Operations and ControlsPaying remittances safely and spotting trade-based laundering.