1. Understanding Electronic cross Border Transactions (S.W.I.F.T Electronic Payments)

• General background and Definition of S.W.I.F.T and other Terms
• Features and Benefits of S.W.I.F.T
• The BIC/SWIFT Code/BIC Directory
• Electronic Payments (SWIFT)
• Types and application of International Electronic payments
• SWIFT Message types and Categories: Category 1-9
• The Structure of a SWIFT Message
• The MT103 Payment Message
• The MT103-Customer Transfer, Structure
• Field definitions-Mandatory and Optional, Foreign Bank Charges
• Straight Through Processing (STP)
• Understanding Authenticated vs. Non-Authenticated Messages
• Risks in Electronic payments, Query handling Understanding
• Nostro and Vostro accounts
• Understanding the SWIFT Nostro statement MT950
• Reconciliation process: Dealing with unreconciled items on Nostro Accounts
• Benefits and Risks on Nostro and Vostro Accounts reconciliations
• Anti-Money Laundering and KYC Basic Principles

2. Letters of Credit & Documentary Collections

• Letters of Credit, Introduction and Definitions-, background, Critical information required, Applicability
• Parties- role and obligations
• Process Flow-How Letters of Credit work, establishment, Flow of documents and payments, related charges
• Vital Dates- in Letters of Credit-Amendments, Discrepancies, Presentation of documents,
• Expiry Vital Terms-Minimum Cover Insurance, Transhipment, On Deck, Partial shipments, Shipping ports
• Payment- Accounting entries, query resolutions, related risks
• SWIFT Messages- MT700, Specialised messages in Letters of Credit, use and applicability
• International Regulations-Various ICC Latest Editions governing Letters of Credit Globally
• Forms of Letters of Credit- Revocable, Irrevocable, Sight, Deferred
• Clean And Documentary Collections
• Collections-Definition, Terms, Forms and Applicability, Key players
• Clean Collections- Advance Payment and Open Accounts
• Documentary Collections Process-Key players, Full Collection Life Cycle
• Payment of Collections-Types of payments, Non-Accepted/Paid Collections, Noting and Protesting, Avalisation in Collections
• SWIFT Messages-Types and use
• International Rules and Regulations- ICC Rules governing Collections (URC 522 995)

3. Focusing on Documentary Letters of Credit (L/Cs)
i. Trade Documents and INCOTERMS By The ICC (Latest Edition)

• Basic Trade documents and classification
• Special focus on SGS Documentation and related documents
• Benefits and key risks in dealing with Trade Documents.
• Understanding INCOTERMS The 11 INCOTERMS BY ICC
• Benefits and Risks in INCOTERMS

ii. Documentary Credits/Letters of Credit (L/Cs)

• Introduction and basic facts about Letters of Credit
• Key parties and their roles in Letters of Credit
• Establishment of a Letter of Credit
• Understanding The Letter of Credit Application Form
• The Letter of Credit Process flow
• Understanding Revocable and Irrevocable terms in Letters of Credit

iii. The Letter of Credit Application Form/SWIFT MT 700

• Understanding the basic fields in a Letter of Credit
• The MT700 SWIFT Message
• Other Key SWIFT Message in a Letter of Credit
• Risks in SWIFT Messages
• Related costs in Letters of Credit SWIFT Messages

iv. Amendments in Letters of Credit

• Understanding Amendments
• Types of amendments
• Dealing with amendments
• Benefits and risks in amendments

v. Discrepancies in a Letter of Credit

• Understanding Discrepancies
• Types of discrepancies
• Dealing with discrepancies
• Risks in discrepancies

vi. Payment and Reimbursement in Letters of Credit

• Understanding the Letter of Credit Payment Cycle
• Sight Payments
• Deferred Payments
• Dealing with reimbursements in Letter of Credit
• Risks and costs of delayed/late payments

vii. Terms of Letters of Credit and Timeframes to Understand

• Vital Dates and timeframes in Letters of Credit
• Dates: Issue, Presentation Period, Expiry date.
• Insurance: Minimum Cover in Insurance for Consignments
• Transhipment, partial shipment and ports
• Amendments in Letters of Credit
• Discrepancies in Letters of Credit, Types and risks
• International Regulations governing Letters of Credit Operations (Latest Edition)
• Key queries in Letters of Credit
• Benefits and risks

viii. Regulations governing Letters of Credit

• Understanding the key international regulations governing Letters of Credit
• The ICC UCP Current Edition
• The ICC URR Current Edition
• The ICC-International Standard Banking Practice (ISBP) for the Examination of Documents