Introduction to Receivables Finance
Learning Objectives
By the end of this letter of credit course you will be able to:
Understand the relationship of receivables finance to trade finance and supply chain finance (SCF).
Elaborate on key variations and definitions of receivables finance.
Understand the transaction flow of receivables finance.
Address evolutions in technology and in the practices involved in receivables financing.
Understand key developments like e-invoicing and electronic documentation.
Describe the key components of receivables finance.
Understand the importance and responsibilities of proper disclosure.
Address certain risks involved in receivables finance and the related risk mitigation options.
Describe how the SWIFT/ICC bank payment obligation (BPO) can reinforce the value proposition of receivables finance.
Course curriculum
Lessons
In this lesson, you will learn to describe various features of receivables finance and explain the context in which this mode of financing is sought and provided.
In this lesson, we will cover the core concepts and components of receivables finance.
In this lesson, we will learn about the key variations and distinctive features of receivables finance. We will also take a closer look at the definition of receivables finance and the overall transaction flow.
In this lesson, we will learn about the important evolutions in technology and industry practices around receivables financing (BPO, e-invoicing, etc.)
This section will test your knowledge on what you have learned so far and aims to equip you with the skills and context you will need in the field. Please note this is not an exam.
FAQs
Answers to your most commonly asked questions.
This course forms part of the curriculum for the Global Trade Certificate (GTC) but can also be purchased on its own.
If you just complete this course then you will earn a Letter of Completion once you finish (please note there is no exam for this individual course).
However, this course can also be put towards achieving the GTC qualification. More details can be found here.
If you complete the GTC then you will earn a Certificate of Achievement, signed by the ICC Secretary General, once you pass the final exam.
A strong interest in trade and trade finance is recommended and all candidates need to be able to read and write in English.
Your purchase includes 12 months to access all the lessons. You can access the lessons as many times as you like within the 12-month access period.
This course is accredited by the London Institute of Banking and Finance (LIBF), The Bankers Association for Finance and Trade (BAFT) and the Global Trade Professionals Alliance (GTPA).
Due to the immediate availability of our course content upon registration, ICC Academy has a strict no-refund policy for our courses and certifications. For more details, please refer to our Terms and Conditions.
This online course will take approximately 3-4 hours to complete depending on your level of experience.
Candidates will have 12 months to complete the lessons.
- One-year access to the online course and all 5 lessons
- A digital edition of the Standard Definitions for Techniques of Supply Chain Finance published by the Global Supply Chain Finance Forum in 2016.
- 15 assessment questions – we’ll show you how to apply what you learn to real-world scenarios. Please note there is not an exam.
- Nine animated explainer videos
- A printable glossary containing all the key terms for you to refer to throughout the course
- A downloadable study reference guide
- Dedicated, full-time IT support
- Certificate of completion
Yes, all our courses are taken online. This means they are accessible at any time, from anywhere in the world. Learn when and where you want.
This course has been designed for general practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.
