International Banking, Trade Finance – Compliance required under FEMA

The course is structured in 6 Weeks 

Week 1 : Overview of International Banking & Trade Finance 

Introductory concepts, Overview of International trade, FEMA, Foreign Trade Policy (FTP), introduction about ECB, ODI, &FDI, Trade Based Money Laundering (TBML), Sanctions, DGFT, Customs etc., 

Week 2 : Export Trade & Finance including FEMA guidelines 

Export Mechanism, Export LCs, EDPMS, Export Collections, Bill discounting facilities, export advance payments, third party payments, export write off, EEFC account guidelines, Export finance, ECGC guidelines and related FEMA guidelines etc., 

Week 3 : Import Trade & Finance including FEMA guidelines 

Import Mechanism, Import LCs, IDPMS, import payments, import advance payments, third party payments, evidence of imports, dealing with documentary credits, UCPDC guidelines, Import finance, Buyer’s credit, supplier’s credit, merchanting trade, High sea sales, FEMA guidelines relating to imports etc., 

Week 4 : Remittances with FEMA guidelines 

Dealing with inward remittances, outward remittances, remittances to commission agents, SWIFT mechanism, types of SWIFT messages, NOSTRO reconciliation, compliance with form 15CA/CB. 

Week 5: Foreign exchange Rates, Forward Contracts & Derivatives 

Exchange rate mechanism, types of foreign exchange rates, arithmetical calculations relating to foreign exchange, hedging calculation, Derivatives, Forward contracts, Futures & Options, MTM monitoring etc.,  

Week 6: Foreign Bank Guarantees 

Inward foreign bank guarantees, outward foreign bank guarantees, types and sub types of foreign bank guarantees, URDG guidelines, mandatory clauses required for bank guarantees, concept of mandatory claim period etc., 

Additional Resources: