International Credit Management Training Course

Introduction

Empower financial professionals to navigate the complexities of global trade and mitigate risk with our comprehensive International Credit Management Training Course. This program equips you with the essential knowledge and skills to manage credit across diverse markets, legal systems, and cultural landscapes. Mastering international credit management is increasingly vital for businesses seeking to expand globally, optimize their export strategies, and ensure timely payments while minimizing financial exposure. Our global credit management training course offers in-depth guidance and practical strategies for navigating the intricacies of international trade and finance.

This International Credit Management training course delves into key areas such as cross-border credit risk assessment, international payment methods, foreign exchange risk management, export credit insurance, legal and regulatory compliance, and cultural considerations in international business. You will gain expertise in evaluating the creditworthiness of international buyers, structuring secure payment terms, and mitigating the unique challenges of global commerce. Whether you are a credit manager, export finance specialist, or international trade professional, this International Credit Management course will provide you with the tools and knowledge to confidently manage credit in the global marketplace.

Target Audience:

• Credit Managers
• Export Finance Specialists
• International Trade Professionals
• Risk Managers
• Accountants
• Legal Advisors
• Business Development Managers

Course Objectives:

• Understand the principles of international credit management.
• Assess cross-border credit risk.
• Utilize various international payment methods.
• Manage foreign exchange risk.
• Explore export credit insurance.
• Ensure legal and regulatory compliance.
• Navigate cultural considerations in international business.
• Develop effective international credit policies.

Duration

5 Days

Course content

Module 1: Principles of International Credit Management

• Understanding the principles of international credit management.
• Exploring the scope and importance of international credit.
• Understanding the key differences between domestic and international credit.
• Identifying the risks and challenges of cross-border transactions.
• Establishing effective international credit policies and procedures.

Module 2: Cross-Border Credit Risk Assessment

• Assessing cross-border credit risk.
• Evaluating the creditworthiness of international buyers.
• Analyzing country risk and political risk.
• Utilizing international credit rating agencies.
• Conducting financial statement analysis for foreign companies.

Module 3: International Payment Methods

• Utilizing various international payment methods.
• Understanding letters of credit (L/Cs).
• Exploring documentary collections.
• Utilizing open account trading.
• Understanding electronic payment systems (SWIFT).

Module 4: Foreign Exchange Risk Management

• Managing foreign exchange risk.
• Understanding the impact of exchange rate fluctuations.
• Employing hedging techniques (e.g., forward contracts, options).
• Utilizing currency risk management strategies.
• Accounting for foreign currency transactions.

Module 5: Export Credit Insurance

• Exploring export credit insurance.
• Understanding the role of export credit agencies (ECAs).
• Evaluating different types of export credit insurance.
• Obtaining and managing export credit insurance policies.
• Mitigating the risk of non-payment by foreign buyers.

Module 6: Legal and Regulatory Compliance

• Ensuring legal and regulatory compliance.
• Understanding international trade laws and regulations.
• Complying with anti-corruption and anti-money laundering (AML) laws.
• Adhering to export control regulations.
• Navigating international sanctions and embargoes.

Module 7: Cultural Considerations in International Business

• Navigating cultural considerations in international business.
• Understanding cultural differences in business practices.
• Adapting communication and negotiation styles.
• Building relationships with international partners.
• Managing cross-cultural teams.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.