IB4613 The New Trends and Techniques in International Trade FinanceBahçeşehir UniversityDegree Programs POLITICAL SCIENCE AND INTERNATIONAL RELATIONSGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
POLITICAL SCIENCE AND INTERNATIONAL RELATIONS
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Ders Genel Tanıtım Bilgileri

Course Code: IB4613
Ders İsmi: The New Trends and Techniques in International Trade Finance
Ders Yarıyılı: Spring
Fall
Ders Kredileri:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: English
Ders Koşulu:
Ders İş Deneyimini Gerektiriyor mu?: No
Type of course: Non-Departmental Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery:
Course Coordinator : Prof. Dr. ELA ÜNLER
Course Lecturer(s):
Course Assistants:

Dersin Amaç ve İçeriği

Course Objectives: Enabling the students who would work in financial services industry or in manufacturing industry or in foreign trade industry to learn the basic trade finance concepts and instruments applicable in international trade activities with a risk management approach and to make them aware of the current trends so that they could assess the changing landscape of trade finance markets.
Course Content: Introduction :An overview of the developments in the world trade in the context of risk management
Definition of various risks in international trade and the concept of trade finance : Product risks, manufacturing risks, transport risks, commercial risks, political risks, business risks, financial risks ( market risks, credit risks and liquidty risks)
Preshipment and postshipment risks and financing needs
Working capital finance and trade finance
Terms of delivery and main documents in international trade : Major delivery terms
Main documents used in international trade activities
Policy as a payment instrument
Terms of payment : Open account ( cash against goods) , documentary collection ( cash against documents ) and letter of credit ( types of L/C)
Bonds and guarantees : Common forms of guarantees (contract guarantees, payment and credit guarantees)
Standby letters of credit
Guarantees used in trade activities
Surety
Some cases and applications
Mid -term
Credit insurance :Export credit insurance
The private sector and public sector applications, products
Export credit agencies ( ECAs)
Investment risks ( Political risk insurance)
Application and case study
Trade finance alternatives I :Supplier credits
Refinancing of supplier credits
Invoice discounting
Export factoring
Buyer credits
Trade finance alternatives II :Forfaiting
International leasing, cross border leasing,export leasing"
Supply chain finance :Definition of supply chain and risks in supply chain
Bank Payment Pbligations (BPO)
Structured trade finance :Receivables finance vs traditional payment instruments
Asset backed securitization ( ABS)
Commodity finance
Currency risk management :Spot and forward transactions
Futures markets and transactions
Currency risk management :Futures
Option contracts
Evaluation of the course content :Cases and applications

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Ders Akış Planı

Week Subject Related Preparation
1) 1)Introduction :An overview of the developments in the world trade in the context of risk management
2) 2)Definition of various risks in international trade and the concept of trade finance : Product risks, manufacturing risks, transport risks, commercial risks, political risks, business risks, financial risks ( market risks, credit risks and liquidty risks) Preshipment and postshipment risks and financing needsWorking capital finance and trade finance
3) 3)"Terms of delivery and main documents in international trade : Major delivery terms Main documents used in international trade activities,Policy as a payment instrument
4) 4)Terms of payment : Open account ( cash against goods) , documentary collection ( cash against documents ) and letter of credit ( types of L/C)
5) 5)Bonds and guarantees : Common forms of guarantees (contract guarantees, payment and credit guarantees)Standby letters of credit Guarantees used in trade activities ,SuretySome cases and applications
6) 6) Mid -term
7) 7)Credit insurance :Export credit insurance The private sector and public sector applications, products Export credit agencies ( ECAs) Investment risks ( Political risk insurance) Application and case study
8) 8)Trade finance alternatives I :Supplier credits Refinancing of supplier credits Invoice discounting Export factoring Buyer credits
9) 9)Trade finance alternatives II :Forfaiting International leasing, cross border leasing,export leasing
10) 10)Supply chain finance :Definition of supply chain and risks in supply chain Bank Payment Pbligations (BPO)
11) 11) "Structured trade finance :Receivables finance vs traditional payment instruments Asset backed securitization ( ABS) Commodity finance
12) 12) Currency risk management :Spot and forward transactions Futures markets and transactions
13) 13) Döviz Riski Yönetimi :Futures Opsiyon İşlemleri"
14) 14) Evaluation of the course content :Cases and applications

Sources

Course Notes / Textbooks: The Handbook of International Trade and Finance, The Complete Guide for International Sales, Finance, Shipping and Administration by Anders Grath,Dec.28,2013
References:

Ders - Program Öğrenme Kazanım İlişkisi

Ders Öğrenme Kazanımları
Program Outcomes
1) Grasp basic theoretical and conceptual knowledge about the field and relations between them at the level of practice.
2) Possess basic knowledge about the causes and effects of political transformations in societies.
3) Possess knowledge about quantitative, qualitative and mixed research methods in social and behavioral sciences.
4) Recognize historical patterns while evaluating contemporary political and social developments.
5) Demonstrate interdisciplinary and critical approach while analyzing, synthesizing and forecasting domestic and foreign policy.
6) Conduct studies in the field professionally, both independently or as a team member.
7) Possess consciousness about lifelong learning based on Research & Development.
8) Communicate with peers both orally and in writing, by using a foreign language at least at a level of European Language Portfolio B1 General Level and the necessary informatics and communication technologies.
9) Apply field-related knowledge and competences into career advancement, projects for sustainable development goals, and social responsibility initiatives.
10) Possess the habit to monitor domestic and foreign policy agenda as well as international developments.
11) Possess competence to interpret the new political actors, theories and concepts in a global era.
12) Evaluate the legal and ethical implications of advanced technologies on politics.

Ders - Öğrenme Kazanımı İlişkisi

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Grasp basic theoretical and conceptual knowledge about the field and relations between them at the level of practice.
2) Possess basic knowledge about the causes and effects of political transformations in societies.
3) Possess knowledge about quantitative, qualitative and mixed research methods in social and behavioral sciences.
4) Recognize historical patterns while evaluating contemporary political and social developments.
5) Demonstrate interdisciplinary and critical approach while analyzing, synthesizing and forecasting domestic and foreign policy.
6) Conduct studies in the field professionally, both independently or as a team member.
7) Possess consciousness about lifelong learning based on Research & Development.
8) Communicate with peers both orally and in writing, by using a foreign language at least at a level of European Language Portfolio B1 General Level and the necessary informatics and communication technologies.
9) Apply field-related knowledge and competences into career advancement, projects for sustainable development goals, and social responsibility initiatives.
10) Possess the habit to monitor domestic and foreign policy agenda as well as international developments.
11) Possess competence to interpret the new political actors, theories and concepts in a global era.
12) Evaluate the legal and ethical implications of advanced technologies on politics.

Öğrenme Etkinliği ve Öğretme Yöntemleri

Ölçme ve Değerlendirme Yöntemleri ve Kriterleri

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Attendance 14 % 0
Presentation 1 % 40
Midterms 1 % 20
Final 1 % 40
Total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
Total % 100

İş Yükü ve AKTS Kredisi Hesaplaması

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Application 14 3 42
Study Hours Out of Class 1 30 30
Midterms 1 20 20
Final 14 1 14
Total Workload 148