It is no longer enough for financiers and other parties to be expert in only one component of a trade finance deal. A broad yet detailed understanding of all components is essential to protect you and your clients' interests.

This complete training course will ensure you have the breadth and depth of knowledge you need to do this effectively. Using case studies and role plays, the workbook teaches not only the theory but also the practical applications of what you learn. In five comprehensive modules, each with a self-assessment grading scale, the workbook examines topics including:

• Using irrevocable, confirmed and back-to-back letters of credit to best meet the objectives of the buyer and seller;
• Standby letters of credit and their applications, including how they differ from bank guarantees;
• How contemporary forfaiting is different from traditional forfaiting including explanations of the role of aval and pre-selling assets;
• Structural risk mitigation using pre-export finance and the changing role of countertrade; and
• Techniques for hedging against changes in a commodity's value.

On completion of the course, whether you are a new entrant into trade finance or seeking to update your skills, you will be fully prepared to structure and understand complex trade and commodity finance deals.