COURSE UNIT TITLE

: INTERNATIONAL TRADE FINANCE

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
DIŞ 5020 INTERNATIONAL TRADE FINANCE ELECTIVE 3 0 0 6

Offered By

Foreign Trade (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR GÜLÜZAR KURT GÜMÜŞ

Offered to

Foreign Trade (English)

Course Objective

The primary focus of this course is on trade risks, hedging methods and trade finance mechanisms. This course aims to demonstrate the channels between credit managers and trade finance managers in a practical manner. Topics include letters of credit and their variants, back to back issues, the essential differences between guarantees and standby L/Cs, forfaiting and factoring, structured trade finance and governmental support. This course will lead the learner through a deep understanding of the risks and solutions involved and help to do business in a safe and prudent manner.

Learning Outcomes of the Course Unit

1   recognize trade finance terminology using documentary credit process
2   understand the key elements and process of trade finance with the main types, mechanics and risks
3   maximize an interactive training experience incorporating a variety of real-life case studies
4   learn the structures, products, developments and risk management in commodity trade finance

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction: basic concepts
2 Financial Management - Trade Finance: similarities & differences Basic financial statements, use of those statements in trade finance
3 The Effect of Blockchain System and Cryptocurrencies Can Blockchain revolutionize international trade , World Trade Organization, 2018
4 Methods of Payment & Terms of Payment Discussion of all methods in detail Analysis of statistical data
5 Letter of Credit In-class game: types of letter of credit Accounting practice on methods of payment and letter of credit
6 Structured Trade Finance Annual report, Factors Chain International, 2018
7 Bank Payment Obligation Swift-Işbank case Bank Payment Oblication practice (bank visit/teleconference)
8 Midterm
9 Inventory Financing Guest speaker: Crescent Trade Finance
10 Supply Chain Finance In-class work: supply chain finance services provided in Türkiye
11 Export Credit Insurance Guest speaker: TCI Broker
12 Eximbank Turk Eximbank visit
13 Company Practices Presentation and discussion of the findings, achieved through company interviews
14 Company Practices Presentation and discussion of the findings, achieved through company interviews
15 Company Practices
16 Final

Recomended or Required Reading

Paul Cowdell, Derek Hyde, (2003), International Trade Finance, 8 th E., IFS
Tarsem Singh Bhogal, Arun Kumar Trivedi, 2007, International Trade Finance

Planned Learning Activities and Teaching Methods

The course consists of lectures, class discussions and assignments.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly describe the letters of credit and their variants, guarantees in trade finance
2. The learner will compare forfaiting and factoring
3. The learner will understand all contractual obligations in trade finance
4. The learner will present how to sell trade finance products
5. The learner will highlight the risk areas in trade finance for the bank

Language of Instruction

English

Course Policies and Rules

1. Plagiarism of any type will result in disciplinary action.
2. Attending at least 70 percent of lectures is mandatory.
3. All assignments should be submitted on time. Otherwise will not be accepted.

Contact Details for the Lecturer(s)

guluzar.kurt@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Preparations before/after weekly lectures 13 2 26
Preparing presentations 1 6 6
Preparation for final exam 1 20 20
Preparation for midterm exam 1 15 15
Preparing assignments 1 45 45
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 155

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.15333
LO.253
LO.353444
LO.453

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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