ITBM 7102 - Trade Finance
Course Description
Financial transactions accompany the movement of goods and services around the world. Understanding how finance links with logistics helps learners navigate the global circulation of commerce. This online, asynchronous module will include the following topics:
Global payments
- Contracting (letters of credit, open account), payment systems (SWIFT, etc), new technologies (distributed ledger technology), foreign exchange and regulatory compliance
Trade Finance Instruments
- Letters of credit, supply chain finance (factoring, etc.), risk mitigation (trade insurance, hedging), Fintech Innovations and anti-money laundering
This module applies towards the following certificates:
Certificate in International Trade and Trade Finance
Certificate in Advanced International Trade and Border Management
Course Outline
Successful completion of this module will require active participation in online discussions, review of module materials, assignments/lab sessions and short quizzes.
Learner Outcomes
Upon successful completion of this module, you will be able to:
- understand the various traditional and new methods of moving funds between international financial institutions and their business clients
- evaluate various levels of risk associated with the use of different trade finance instruments and how technology and other changes in government and banking policy helps small and medium businesses become better traders
- understand the various options by which suppliers in international supply chains can use their accounts payable to generate cash flow
- develop policy statements to ensure compliance with regulations that target money laundering and other international financial crimes
- identify major technological and operational innovations that are currently transforming global trade finance
Notes
This is an online offering that will be offered through the Blackboard Learning Management System. It is expected that you will have the appropriate browser and computer access. You will be asked to regularly log into the module from your computer or other appropriate electronic device with online access through Blackboard. Please review the Blackboard preferred system requirements.
There is a “Navigating Your Online Course” module and technical tutorials that can you can review for a brief orientation to Blackboard. After registration, you will be sent additional details, including login information.Prerequisites
In order to ensure you are academically prepared, it is expected that you have:
- Successfully completed Grade 12 or equivalency
- Successfully completed one grade 12 math or equivalency (recommended)
- English Language Proficiency
- Postsecondary education and relevant work experience would be an asset
Proof of completion may be requested for any of the above.
About OSAP 2021-22 Micro-credentials Application
- This program is eligible for the OSAP 2021-22 Micro-credential application (OSAPMC).
- Participants must be registered into the program prior to applying for OSAPMC.
- You now have the option to place a deposit during registration to secure your spot, which will provide documentation for you to submit an OSAPMC application.
- Please note: Full payment must be made 1 week prior to the course start date regardless of OSAPMC approval.
- In the event that OSAPMC is not approved, please email us at continue@uwindsor.ca at least one 1 week prior to the course start date to request a refund.
- Register for this program accordingly to allow ample time for your application to be processed. It takes approximately 10-15 business days for the OSAPMC application to be processed.