Financing and Payment in Foreign Trade (3cr)

Objective

The students are able to estimate the risks of international trade connected with payment transactions, financing, and clients. They know the sanctions and practices connected with corruption and pribery. They know how to hedge against (+) currency and interest risks with the right instruments and to choose the correct method of payment for foreign trade transactions. They also master the basic English terminology of payment transactions.

Content

Risks in foreign trade, corruption, planning export financing, currency systems, currency risks, interest risks and their minimization. Blank methods of payment (cheque, payment order) documentary payment (debt collection item, letter of credit), selection of payment method, payment transactions, shipping documents. Basic English terminology of payment transactions.

Qualifications

The students know the forms of internationalization in a company.

Assessment criteria, satisfactory (1)

Written exam