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Award in Finance of International Trade

This Level 4 award educates trade finance professionals about how financial tools and instruments operate in an international trade context, enhancing the support they provide to traders.

OFQUAL-REGULATED QUALIFICATION
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Course duration
4 months
Delivery format
Microsoft Teams
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The Level 4 Award in Finance of International Trade provides students with an understanding of the keys to profitability in their business, and the most appropriate sources of finance to maximise such profits.

Students are required to evaluate and attempt to reduce the various risks that are common to all international trade, including exchange risk and country and buyer credit risk and to choose and operate the most appropriate methods of payment.

The course comprises a single module from our Level 4 Diploma in International Trade and is in three sections, each on a different aspect of international trade finance.

Why enrol on this course?

Understand key finance tools in global trade
Learn how to manage and reduce trade risks
Build practical skills from a focused Level 4 module

This qualification consists of three units of learning:

This section addresses the financing requirements for businesses trading internationally:

  • The financial needs of importers and exporters
  • Managing the working capital cycle in international trade – supply side, stock side and sales side
  • Sources of finance, incorporating short, medium and long term trade finance
  • Interpreting business accounts – financial and management accounting applicable to importing and exporting businesses; balance sheet management, profit and loss accounts, cash flow forecasts
  • Factors influencing profitability of a business trading in international markets
  • Managing a business overseas

This section addresses the financial and commercial risks which arise in international trade:

  • Contract Risk - reviewing how contracts are formed and how businesses should detail commercial terms of sale
  • Payment Risk - how businesses manage and mitigate against payment risk through products and services such as credit referencing and export credit insurance
  • Currency Risk - how currency risk arises and the methods by which importers and exporters manage currency risk, services available from banks and financial service providers
  • Managing Performance Risk (Quality Assurance) through effective business processes
  • Trade Documentation – commercial, customs and transport documentation used in international trade and how businesses utilise documentation to manage the physical and financial supply chain
  • Trade Compliance Risk, regulatory and compliance requirements covering sanctions compliance, anti-money laundering, ‘know your customer’, bribery and corruption, export licenses
  • Transport and Logistics Risk – where risk and control passes in the trade journey, with specific reference to Incoterms and Cargo Insurance

This section details the methods of payment applicable in international trade

  • The Payment Risk Ladder from the different perspective of importers and exporters
  • Open Account Trading – how open account trading operates, and managing demands for credit terms
  • Letters of Credit – the role of Letters of Credit from an importer and exporter perspective, how they operate in a practical environment and how businesses can mitigate against discrepancies
  • Documentary (Bank) Collections – the operation and role of Documentary Collections from an importer and exporter perspective
  • Payment in Advance, when advanced payment should apply in an international trade transaction
  • Perspectives on Trade Finance
  • Bonds and Guarantees – the different types of bonds and guarantee that operate in international trade from a performance and financial perspective
  • Standby Letters of Credit
  • Countertrade
  • Short, Medium and Long Term Trade Financing tools
  • Government support for Trade Finance – UK Export Finance and the role of Export Credit Agencies
  • Overseas (Institutional) Support for Trade Finance

No formal qualifications are required for this course.

The average time it will take a student to complete this qualification is 4 months.  

Learners will submit a summative assessment at the end of the three sections. The grade awarded determines the overall outcome of the course. All course content is delivered through supported distance learning, which are virtual classroom events accessed by Microsoft Teams.

Total course fee: £798

(Includes registration and assessment fee - with 1 year's student membership)

All study is delivered through Supported Distance Learning, with access to tutor support via video call, phone or messaging.

To apply for the Level 4 Award in Finance of International Trade, please use the 'Apply now' button or send an email requesting an application form to qualifications@export.org.uk 

To discuss our qualifications
Call: +44 (0)1733 404 410
Email: qualifications@export.org.uk

Ofqual-regulated qualification

This award is an Ofqual-regulated qualification. Ofqual is the non-ministerial government department with jurisdiction in England, responsible for regulated qualifications that reliably indicate the knowledge, skills and understanding students have demonstrated.

This award is also regulated by CCEA, responsible for the accreditation and regulation of regulated qualifications offered in Northern Ireland (NI).