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PRODID:-//flexiEdge Training PLT - ECPv6.0.11//NONSGML v1.0//EN
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X-WR-CALNAME:flexiEdge Training PLT
X-ORIGINAL-URL:https://www.flexiedge.com.my
X-WR-CALDESC:Events for flexiEdge Training PLT
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TZID:Asia/Shanghai
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TZOFFSETFROM:+0800
TZOFFSETTO:+0800
TZNAME:CST
DTSTART:20170101T000000
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BEGIN:VEVENT
DTSTART;TZID=Asia/Shanghai:20180606T090000
DTEND;TZID=Asia/Shanghai:20180607T170000
DTSTAMP:20260422T045913
CREATED:20180410T084220Z
LAST-MODIFIED:20180418T114938Z
UID:1273-1528275600-1528390800@www.flexiedge.com.my
SUMMARY:UNDERSTANDING LETTERS OF CREDIT & BANKER’S ACCEPTANCE FOR COST EFFECTIVE TRADE FINANCING
DESCRIPTION:Introduction:\nDocumentary credits\, also commonly known as letters of credit (LC)\, are often used for settlement of international trade transactions. While the seller takes comfort that the issuing bank provides an undertaking to honour payment upon presentation of documents that are in strict compliance with the terms and conditions of the LC\, more often than not the seller is unable to fully comply with the terms and conditions of the LC either through circumstances that are beyond his control or due to lack of understanding of international rules governing LC which are technical. It is often costly for the seller when discrepancies are detected as apart from no longer enjoying the issuing bank’s undertaking to honour payment\, discrepancy fees are imposed and there is a delay in payment as the issuing bank contacts the buyer to accept the discrepancies.  In extreme situations\, it may lead to buyer requesting for a huge discount or even non-payment. \nWhile letters of credit are preferred for settlement of international trade transactions as it is the next best alternative to advance payment\, Bankers Acceptances (BA) has emerged over the years as a low cost trade financing instrument which enable manufacturers and traders to remain competitive in the international and domestic market. \nThis two-day program will enable participants to understand the mechanics of documentary credits\, resolution of potential issues in the operation of credits\, the protection given to each of the parties and the use of bankers acceptances as a cost effective trade financing instrument to provide manufacturers and traders with a competitive edge. \nLearning Objectives:\nAt the end of this program\, participants would be able to: \n\nHave an understanding of the operation of documentary credits;\nIdentify the key issues in the letter of credit transactions;\nExplain documentary credit operation;\nBe aware of the existence of international rules and practice governing documentary credits\, i.e. Uniform Customs and Practice for Documentary Credits (UCP 600) and International Standard Banking Practice for examination of documents under UCP 600 (ISBP 745);\nSolve the practical problems and find ways to overcome the problems in the credit transactions;\nHave an understanding of how to use special documentary credits;\nAvoid being a victim of fraud in documentary credit transactions;\nBe aware of eligible trade finance transactions for BA financing;\nUnderstand the features and conditions for BA financing;\nUnderstand and comply with Guidelines on Bankers Acceptances that are issued by Bank Negara Malaysia;\nUse BA as a cost effective financing instrument.\n\nWho Should Attend:\nManufacturers\, Traders\, Exporters\, Importers\, Finance Managers\, Sales Managers\, Marketing Managers and their staff those who are interested to enhance their knowledge in LC and BA. \n  \n \nDownload Brochure & Registration Form
URL:https://www.flexiedge.com.my/event/understanding-letters-of-credit-bankers-acceptance-for-cost-effective-trade-financing/
LOCATION:Hotel Equatorial Penang\, 1\, Jalan Bukit Jambul\, Bayan Lepas\, Penang\, 11900\, Malaysia
CATEGORIES:International Finance,Letter of Credit (LC),Trade Financing
ATTACH;FMTTYPE=image/jpeg:https://www.flexiedge.com.my/wp-content/uploads/2018/04/import-export-world.jpg
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BEGIN:VEVENT
DTSTART;TZID=Asia/Shanghai:20171115T090000
DTEND;TZID=Asia/Shanghai:20171116T170000
DTSTAMP:20260422T045913
CREATED:20171025T060537Z
LAST-MODIFIED:20171214T073247Z
UID:542-1510736400-1510851600@www.flexiedge.com.my
SUMMARY:FOREIGN EXCHANGE RISK MANAGEMENT
DESCRIPTION:Introduction: \nImporters and exporters who have payables and receivables in foreign currency are exposed to foreign exchange (FX) risk. During volatile exchange rate fluctuations\, profits of companies may be eroded by adverse movements in foreign currency exchange rates if foreign currency exposures are not properly hedged. In extreme cases\, foreign exchange losses may come to millions of ringgit and can adversely impact the bottom line of companies. \nLearning Objectives:\nAt the end of the program\, the participants would be able to understand: \n\n\n\nthe foreign exchange market;\nhow exchange rates are quoted;\nfactors affecting the movement of exchange rates;\ncurrency exposures and the different types of FX risk;\nwhy FX risk must be managed;\nsteps in the management of FX risk;\nthe various hedging tools and techniques; and\nEnable participants to calculate FX positions\, profit and loss and recommend/implement FX risk management strategies for the company.\n\n\n\nTarget Group: \nThis program will benefit anyone who requires a good practical understanding of foreign exchange\, the associated risks\, risk management techniques and strategies. This includes Managing Directors\, CEOs\, Directors\, Financial Controllers\, Finance Managers\, Treasurers\, FX Risk Managers and their staff. \n  \n\nDownload Brochure & Registration Form
URL:https://www.flexiedge.com.my/event/foreign-exchange-risk-management/
LOCATION:Hotel Equatorial Penang\, 1\, Jalan Bukit Jambul\, Bayan Lepas\, Penang\, 11900\, Malaysia
CATEGORIES:International Finance
ATTACH;FMTTYPE=image/jpeg:https://www.flexiedge.com.my/wp-content/uploads/2017/10/bg.jpg
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