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Export Finance and Procedure
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.
Learning outcomes: On completion of this paper student should be able to-
• Understand the meaning and methods of export finance and will also be able to differentiate
between pre-shipment and post-shipment finance.
• Identify the factors affecting export payment and to understand the various methods of export payment.
• Gain understanding about the meaning of import financing and various exchange regulations
relating to import finance along with the role of Acceptance House and Discount House.
• Understand the concepts related to Exchange Control & Foreign Exchange Transactions.
• Acquaint themselves with various types of exchange rates classification.
Export Finance:
Meaning, Methods, Procedures, Difference between Pre-shipment and Post shipment finance, Deferred Credit
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).
Import Financing:
Meaning, Procedure, Exchange regulations relating to Import Finance, Documentary Credit
Rediscounting of Export Bills, Role of Acceptance House and Discount House.
Exchange Control & Foreign Exchange Transactions:
Meaning, Features, Objectives, Methods.
Introduction, Exchange Rate Quotations, Methods of quotations.
Exchange Rate Classification: Spot and Forward Rates, Fixed Exchange Rates, Flexible Exchange Rates, , Exchange Rate Classification, Favorable and Unfavorable Exchange Rates , Arbritage
1. MJ Mathew,”RiskManagement and Insurance”,RBSA Publications,Jaipur.
2. Neelam C.Gulati,”Principles of Insurance Management”,Excel Books.
