| MEDICINE | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| IB4613 | The New Trends and Techniques in International Trade Finance | Spring | 3 | 0 | 3 | 6 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
| Language of instruction: | English |
| Type of course: | Non-Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | |
| Course Coordinator : | Prof. Dr. ELA ÜNLER |
| Course Lecturer(s): |
Instructor SELDA EKE |
| Recommended Optional Program Components: | The Handbook of International Trade and Finance, The Complete Guide for International Sales, Finance, Shipping and Administration by Anders Grath,Dec.28,2013 |
| 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. |
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The students who have succeeded in this course; The students who have succeeded in this course; 1. Understand the main risks in international trade, mainly credit risk and the methods to manage this risk. 2.Learn some basic trade finance concepts and the role of the banks in trade finance from the perspective of covering companies' financial needs. 3.Have a general understanding of trade finance markets and learn about the products of different financial institutions. 4.Learn how banking products would help to finance the working capital needs of the companies in conducting their trade activities. 5.Learn the importance of delivery terms in managing delivery risks in international trade . 6. Understand how different payment methods would impose risks to the parties in international trade and how these risks are managed. 7. Understand how different payment terms would be used to manage credit risk and that would be used to obtain finance for the parties in international trade . 8. Understand the alternative finance methods in addition to bank finance. 9. Understand the role of insurance in conducting international trade activities, especially how credit risks are managed through insurance and the market for it . ( i.e export credit insurance) 10.Enhance their understanding to judge the need to move from traditional trade finance to supply chain finance and the main products in supply chain finance . 11. Explore the trade finance solutions and apply their learnings to trade activities. 12. Use media techniques ( zoom, teams etc.) effectively to share their views and to create an active collaboration with their friends and the lecturer throughout the presentations in the virtual classrooms and online discussion forums . |
| 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 |
| 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: |
| 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 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Integrates the knowledge, skills and attitudes acquired from basic and clinical medical sciences, behavioral sciences and social sciences, and uses them in health service delivery. | |
| 2) | In patient management, shows a biopsychosocial approach that takes into account the socio-demographic and sociocultural background of the individual, regardless of language, religion, race and gender. | |
| 3) | In the provision of health services, prioritizes the protection and development of the health of individuals and society. | |
| 4) | Taking into account the individual, societal, social and environmental factors affecting health; does the necessary work to maintain and improve the state of health. | |
| 5) | By recognizing the characteristics, needs and expectations of the target audience, provides health education to healthy/sick individuals and their relatives and other healthcare professionals. | |
| 6) | Shows a safe, rational and effective approach in health service delivery, prevention, diagnosis, treatment, follow-up and rehabilitation processes. | |
| 7) | Performs invasive and/or non-invasive procedures in diagnosis, treatment, follow-up and rehabilitation processes in a safe and effective way for the patient. | |
| 8) | Provides health services by considering patient and employee health and safety. | |
| 9) | In the provision of health services, takes into account the changes in the physical and socioeconomic environment on a regional and global scale, as well as the changes in the individual characteristics and behaviors of the people who apply to it. | |
| 10) | Takes good medical practice into account while carrying out his/her profession. | |
| 11) | Fulfills its duties and obligations within the framework of ethical principles, rights and legal responsibilities required by its profession. | |
| 12) | Demonstrates decisive behavior in providing high-quality health care, taking into account the integrity of the patient. | |
| 13) | Evaluates his/her performance in his/her professional practice by considering his/her emotions and cognitive characteristics. | |
| 14) | Advocates improving the provision of health services by considering the concepts of social reliability and social responsibility for the protection and development of public health. | |
| 15) | Can plan and carry out service delivery, training and consultancy processes related to individual and community health in cooperation with all components for the protection and development of health. | |
| 16) | Evaluates the impact of health policies and practices on individual and community health indicators and advocates increasing the quality of health services. | |
| 17) | The physician attaches importance to the protection of his/her own physical, mental and social health, and does what is necessary for this | |
| 18) | Shows exemplary behavior and leads the healthcare team during service delivery. | |
| 19) | Uses resources cost-effectively, for the benefit of society and in accordance with the legislation, in the planning, implementation and evaluation processes of health services in the health institution he/she is the manager of. | |
| 20) | Establishes positive communication within the health team it serves and assumes different team roles when necessary. | |
| 21) | Is aware of the duties and responsibilities of the health workers in the health team and acts accordingly. | |
| 22) | In the professional practices, works in harmony and effectively with the colleagues and other professional groups. | |
| 23) | Communicates effectively with patients, their relatives, healthcare professionals, other professional groups, institutions and organizations. | |
| 24) | Communicates effectively with individuals and groups that require a special approach and have different socio-cultural characteristics. | |
| 25) | In the diagnosis, treatment, follow-up and rehabilitation processes, shows a patient-centered approach that associates the patient with the decision-making mechanisms. | |
| 26) | Plans and implements scientific research, when necessary, for the population it serves, and uses the results and/or the results of other research for the benefit of the society. | |
| 27) | Reaches and critically evaluates current literature knowledge about his/her profession. | |
| 28) | Applies the principles of evidence-based medicine in clinical decision making. | |
| 29) | Uses information technologies to increase the effectiveness of its work on health care, research and education. | |
| 30) | Effectively manages individual work processes and career development. | |
| 31) | Demonstrates skills in acquiring and evaluating new knowledge, integrating it with existing knowledge, applying it to professional situations and adapting to changing conditions throughout professional life. | |
| 32) | Selects the right learning resources to improve the quality of the health service it offers, organizes its own learning process |