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.
Export Finance: Meaning, Methods, procedures, Difference between Pre-shipment and Post shipment finance. Deferred Credit Export financing and Institutional Support: Short term credit, Long term credit, factoring.
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 In India: Managing foreign exchange risk-Transaction, Translation, Economic Risk, Tactics and Strategies to reduce foreign exchange risk, Transfer Pricing. Meaning ,features, Objectives ,methods.
Export Credit and Guarantee Corporation (ECGC), EXIM Bank- Objectives and Functions.
* Case studies related to entire topics are to be taught.