Export Finance and Procedure

Paper Code: 
FTM 302
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to understand basic concept of Export Finance because export finance plays important role in the socio-economic prosperity of the country.

Unit I: 
Export Finance

Meaning, Methods, Procedures, Difference between Pre-shipment and Post shipment finance, Deferred Credit

Unit II: 
Export Payment terms:

Factors affecting export Payment, Methods of Payment-Payment in advance, Open account, consignment stock Payment, Letter of Credit-Types, Parties, Procedures, Documentary Bills-Documents against acceptance(D/A), Documents against Payments (D/P), Difference between (D/P) and (D/A).

Unit III: 
Import Financing:

Meaning, Procedure, Exchange regulations relating to Import Finance, Documentary Credit
Rediscounting of Export Bills, Role of Acceptance House and Discount House.

Unit IV: 
Exchange Control & Foreign Exchange Transactions:

Meaning, Features, Objectives, Methods.
Introduction, Exchange Rate Quotations, Methods of quotations

Unit V: 
Exchange Rate Classification: Spot and Forward Rates, Fixed

Exchange Rates, Flexible Exchange Rates, , Exchange Rate Classification, Favorable and Unfavorable Exchange Rates , Arbritage

Essential Readings: 

1. MJ Mathew,”RiskManagement and Insurance”,RBSA Publications,Jaipur.

2. Neelam C.Gulati,”Principles of Insurance Management”,Excel Books.

References: 

1. Cherunilm: International Business

2. Karam Pal,B.S.Bodla,M.C.Garg,”Insurance Management:Principles & Practices,Deep& Deep Publications.

ACADEMIC YEAR: 
2019-2020
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