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.
Meaning, Methods, features & types of Pre-shipment finance, features & types of Post-shipment finance, Difference between Pre-shipment and Post shipment finance. Deferred Credit.
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).
Meaning, procedure, Exchange regulations relating to Import Finance, Documentary Credit
Rediscounting of export Bills, Role of Acceptance House and Discount House.
Transaction, Translation, Economic Risk, Tactics and Strategies to reduce foreign exchange risk, Transfer Pricing.
Short term credit, Long term credit, factoring
Export Credit and Guarantee Corporation of India (ECGC), Export Import Bank of India (EXIM)- Objectives and Functions.
Khushpat S. Jain, “Export Import Procedures & Documentation”, Himalaya Publishing House, Mumbai.
• Choudhary B K & Agarwal O P., “Foreign trade and Foreign exchange”, Himalya Publishing house, New Delhi.
• Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, New Delhi.
• MJ Mathew, RiskManagement and Insurance”,RBSA Publications,Jaipur.
• Export Import procedures and documentation, IGNOU IBO- 04
Links:
[1] https://foreigntrade.iisuniv.ac.in/courses/subjects/export-import-finance
[2] https://foreigntrade.iisuniv.ac.in/academic-year/2019-2020