Introduction to Supply Chain Finance
Learning Objectives
By the end of this letter of credit course you will be able to:
Outline the relationship between the physical and financial supply chain.
Explain the focus of SCF and “open account” transactions.
List the benefits of SCF for importers, exporters, SMEs and emerging markets.
Describe what export credit agencies (ECAs) are in supply chain finance.
Describe the bank payment obligation (BPO).
Understand the potential of supply chain finance.
Define the standard market definitions for the techniques of SCF.
Understand and articulate the value of supply chain management practices.
List the three requirements that enable supplier finance techniques.
Define “forfaiting” and how it relates to SCF.
Describe the various SCF regulatory, accounting, and reporting considerations.
Describe what “onboarding” is and its challenges.
Course curriculum
Lessons
The objective of this lesson is to put supply chain finance (SCF) into the broader context of international trade, highlighting certain characteristics of the trade environment.
In this lesson, we will define supply chain finance (SCF) and explore the techniques used by businesses.
Throughout this lesson, we will cover the benefits of SCF management practices and describe the benefits to buyers/sellers, small businesses, and emerging markets.
In this lesson, we will cover payables/supplier finance (also known as buyer-centric) programs. We will see how this relates to SCF and which techniques are involved.
In this lesson, we will cover the supply chain finance platform and industry players involved, including: non-bank providers, ECAs and international institutions.
In this lesson, we will cover the various SCF regulatory, accounting, and reporting considerations involved with supply chain finance and the Bank Payment Obligation (BPO).
In this section, we will take a look at a sample case study that showcases how buyers can engage effectively with finance providers.
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 8 lessons
- A case study and 21 assessment questions – we’ll show you how to apply what you learn to real-world scenarios. Please note this is not an exam.
- 15 animated explainer videos and 1 video lecture
- A printable glossary containing all the key terms for you to refer to throughout the course
- 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.
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