INTERNATIONAL TRADE AND BUSINESS | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | IB4613 | ||||||||
Ders İsmi: | The New Trends and Techniques in International Trade Finance | ||||||||
Ders Yarıyılı: |
Fall Spring |
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Ders Kredileri: |
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Language of instruction: | English | ||||||||
Ders Koşulu: | |||||||||
Ders İş Deneyimini Gerektiriyor mu?: | No | ||||||||
Type of course: | Departmental Elective | ||||||||
Course Level: |
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Mode of Delivery: | |||||||||
Course Coordinator : | Prof. Dr. ELA ÜNLER | ||||||||
Course Lecturer(s): | |||||||||
Course Assistants: |
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 |
The students who have succeeded in this course;
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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 |
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 Öğrenme Kazanımları | ||||||||
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Program Outcomes | ||||||||
1) Has theoretical and practical knowledge on management, business, trade, economy, entrepreneurship, innovation, sustainable development related to International Trade and Business and can use this information | ||||||||
2) Can collect data from different sources in the global business world and successfully apply research techniques, use information and communication technologies. | ||||||||
3) Can analyze opportunities and threats with strategic thinking skills by using different resources and channels in the ever-changing global business world. | ||||||||
4) Can communicate orally and in writing with a good knowledge of English grammar. | ||||||||
5) He / she can transfer the knowledge and skills he / she has acquired in the field to the relevant people in written and oral form and evaluate them critically. | ||||||||
6) Adopts the principles of business ethics with the awareness of professional responsibility and can apply these principles within the framework of legal rules in the field of global trade and business. | ||||||||
7) He / she can collaborate in and out of the field, take responsibility, respect cultural differences and have ethical values. | ||||||||
8) Has sufficient awareness of social rights, justice, cultural values, environmental awareness, occupational health and safety. | ||||||||
9) With the lifelong learning skill acquired, she/he can identify learning needs and improve herself/himself |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Has theoretical and practical knowledge on management, business, trade, economy, entrepreneurship, innovation, sustainable development related to International Trade and Business and can use this information | 5 |
2) | Can collect data from different sources in the global business world and successfully apply research techniques, use information and communication technologies. | 5 |
3) | Can analyze opportunities and threats with strategic thinking skills by using different resources and channels in the ever-changing global business world. | 5 |
4) | Can communicate orally and in writing with a good knowledge of English grammar. | 5 |
5) | He / she can transfer the knowledge and skills he / she has acquired in the field to the relevant people in written and oral form and evaluate them critically. | 5 |
6) | Adopts the principles of business ethics with the awareness of professional responsibility and can apply these principles within the framework of legal rules in the field of global trade and business. | 5 |
7) | He / she can collaborate in and out of the field, take responsibility, respect cultural differences and have ethical values. | 5 |
8) | Has sufficient awareness of social rights, justice, cultural values, environmental awareness, occupational health and safety. | 5 |
9) | With the lifelong learning skill acquired, she/he can identify learning needs and improve herself/himself | 5 |
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 |
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 |