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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS DIŞ 7014 INTERNATIONAL TRADE FINANCE COMPULSORY 3 0 0 4

Offered By

Foreign Trade Non-Thesis (Evening) (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR BERNA KIRKULAK ULUDAĞ

Offered to

Foreign Trade Non-Thesis (Evening) (English)

Course Objective

The primary focus of this course is on the export and import methods of payment. 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, warehouse financing, structured pre-export finance. 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 Why trade finance 2 The Evolution of Letters of Credit (L/Cs) in the Trade Cycle 3 International documentation, Payment, acceptance and negotiation modes of funding in L/Cs 4 Deferred payment L/Cs; red clause L/Cs their mechanics and risks 5 The mechanics of back to back L/Cs, securities and pitfalls, long horn back to backs, counter L/Cs, back to back variations 6 Guarantees in trade finance 7 Forfaiting market 8 Midterm 9 Comparing forfaiting and factoring 10 Contemporary warehouse financing techniques 11 pre-export finance structures 12 Presentations 13 Presentations 14 Presentations

Recomended or Required Reading

To be announced.

Planned Learning Activities and Teaching Methods

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

To be announced.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

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 Preparation for midterm exam 1 15 15 Preparation for final exam 1 20 20 Preparing assignments 3 10 30 Preparing presentations 1 6 6 Midterm 1 2 2 Final 1 2 2 TOTAL WORKLOAD (hours) 140

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 LO.1 5 3 3 3 LO.2 5 3 LO.3 5 3 4 4 4 LO.4 5 4