The course focuses on the description and development of international financial markets and instruments available for companies in financing and mitigating risks associated with international operations. Globalization and internationalization of companies are elements that determine its evolution, where today we face a very troubled situation difficult to predict. The currency market is one of the most important aspects highlighted along with the products and tools available to cover the exchange risk.
Also, develop the main products and financial instruments on which supports the risk management and financing of exports and investment in the short medium and long term.
We can disaggregate the goals of the module as follows:
At the end of the module should be clear that the financing of operations is not an isolated and tight, but instead is linked to all aspects of a project (technical, logistical, commercial and so on…) and must be taken into account at all times to be truly effective. So the funding, offered by the seller to the buyer, his/her client becomes a differentiator element and often decisive for the signing and execution of a commercial contract.
ENAE Business School is very conscious of the fact that every teaching institution is built by all and must be very careful about participant selection right from the very start by analysing their CV, qualification certificates, admission exam and through a personal interview of the student by the program director. Depending on the program, ENAE Business School carries out tests to evaluate language competence.
Most of our students come from the business world about 80% of ENAE’s students are graduate professionals and executives who wish to update their knowledge and improve their skills. These students come from different academic backgrounds mostly engeneering, business, law, economics, communication and humanities.
We encourage young and talented graduates with entrepreneur spirit to be involved in our programs as a fast track to achieve their goals in the business World.
1. Classification of Operations
2. Risk in Operations.
2.1 Political Risk
2.2 Commercial Risk
2.3 Risk of Cancellation
2.4 Exchange Risk
2.5 Risk of Interest
3. Guarantees in Foreign Trade
3.1 Warranty Offer
3.2 Advance Payment Security
3.3 Performance Guarantee
3.4 Retention Guarantee
3.5 The Problem of Guarantees
MEANS OF COLLECTION AND PAYMENTS
1. Introduction. Underlying structure, Classification
3. Bank Draft
4. Personal Check
5. Simple Remittance
6. Documentary Remittance
7. Documentary Credits
7.1 Basic Structure
7.2 Uniform Customs and Practice
7.3 Main features: validity and method of payments
7.4 Credits confirmed
7.5 Credits unconfirmed
7.6 Stand – by credits
7.7 Special credit: revolving, transferrable and back to back
7.8 Case Studies: Emergency 2000
CURRENCY MARKET RISK OF EXCHANGE
2. Market and convertibility
3. Track Changes
4. Formation of exchange rates
5. Currency spot market
6. Currency forward market
7. Exchange risk and hedging
7.1 Insurance Exchange
7.3 Derivatives of Zero cost
7.4 Case Studies: Gloria Company, Cartosa and so on.
FINANCING OF SHORT – TERM OPERATIONS
1. Financing of exports and imports
4. Forfeiting short – term. Case Study: Export of electrical equipment to Cuba.
5. Pre – financing of exports
6. Credit insurance. Products of insurers to cover political and commercial risk in short – term operations: Policy 100, master policies and so on.
7. Case Study: Libya Oil Export
8. Case Study: Financing medical equipment exports to Brazil
9. New Instruments.
Specified time period: This course has and extension of 20 contact ours at ENAE premises.
Timetable: This course is delivered on Friday from 16:30 h. to 21:30 h. and Saturday from 9:00 h. to 14:00 h
Place and Address:
Edif. ENAE. Campus Universitario de Espinardo 30100 Espinardo Murcia- Spain
Theoretical presentations alternated with practical exposure so as to see their relationship with results in business. The interrelation between theory and practice is a methodology in which students must be involved. This methodological issue will be used for both business executives and professionals, and for recent graduates who want to join the same course.
Several case studies are sent from those that companies have been facing in real life for students, with the relevant knowledge acquired, to do the analysis between the different lines of action that may arise and choose the one considered more realistic and adjusted to the case. The student should become accustomed to making decisions and understand the implications of them.
Case studies and readings will be sent to participants through the virtual campus. At the same time chat forums or debate centres may be created on campus or virtual in which the views of the participants will be contrasted. . These tools will be used by the students to contrast their different points of view.
Virtual Campus is a tool that allows a much more fluid relationship between students and teachers at personal and on line level.
Teaching the course will take into account how the student intends to apply the knowledge acquired to the final project at the end of the Master.
Are you interested? Obtain the following benefits:
Price: 390 €
ENAE Business School offers the following discounts:
Partner companies of FUERM, their workers, and the members of Asociacion de Antiguos Alumnos of ENAE Business School will obtain a 10% of discount.
If the amount of the program is paid by your company through the credit offered by the Tripartite Foundation you may recover all or part of the amount of the program in ENAE Business School, discounting the amount to be credited for the payment of social insurance.
Part of the amount paid of our training programs, in-person and In Company, could be recovered through the Tripartite Foundation (only Spanish companies).
Ask us for more information. We make the process for obtaining the discounts to all those students who request it, at no additional cost to your training.
This program is part of a Master that has limited availability. Taking this course will provide you great oportunities for expanding your professional networks. Final admission decision is reserved to ENAE Business School on the basis of prerequisites established for the course, room availability and specific group profile required.