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International Trade – Welcome to Hoang Nghiep Training and Consulting http://en.hoangnghiep.com Tue, 28 Mar 2017 16:42:33 +0000 en-US hourly 1 https://wordpress.org/?v=4.6.10 IFC Finance of International Trade Initiative Program in 2012 http://en.hoangnghiep.com/?p=992 Sat, 17 Mar 2012 13:36:40 +0000 http://en.hoangnghiep.com/?p=992 image002

The IFC FIT Initiative Program is a very practical e-learning program which has been designed with two important goals:

1- to train and certify international trade finance professionals in their core area of expertise and thus enhance their productivity in their day-to-day roles

2- to build an online global network of international trade and finance professionals who will share knowledge and experience on an online platform specifically developed for the program – a powerful tool in the resolution of common trade finance queries and issues.

Notwithstanding, the continued importance of Letters of Credit in financing such trade it has been identified by the International Chamber of Commerce that there is a need to apply other methods of payment and finance to further facilitate the development of export sales from Vietnam.

The IFC ‘FIT Initiative’ will provide advanced skills in the ‘Finance of International Trade’ (FIT) to participants of the program.  Successful participants will receive valuable Certification in the Finance of International Trade from the Institute of Export in the United Kingdom.

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as well as a certificate of achievement in Documentary Credits and UCP 600 from the International Chamber of Commerce in Paris.

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Through the support of the Emerging Markets Grant Scheme (EMGS) this important training and certification program if available to professionals within your organisation at a cost EUR 290.00 inclusive per participant.  This represents a reduction of approximately 70% of the commercial cost of this programme in other markets.

We would like to introduce  this high practical online training programme to your kind Bank, so that you can register your trade finance professionals for the IFC ‘FIT Initiative’ as soon as possible as demand is high and places on this World Class training and certification program are limited.  The first ‘FIT Initiative’ in Vietnam commences on Monday 10 August 2009.

http://hoangnghiep.com/?page_id=284&album=IFCEBSIHoangNghiepWorkshopAboutIFCFITInititativeOn1stJuly2009HochiminhCity

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For detail information, please see in the attached file:

http://www.ifcfitinitiative.com/files/IFC_FIT_Prospectus_2012.pdf

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URDG758 Workshop was successfully held in Hochiminh City http://en.hoangnghiep.com/?p=932 Fri, 03 Sep 2010 08:38:09 +0000 http://en.hoangnghiep.com/?p=932 URDG758 Workshop was successfully held in Hochiminh City

On 31 August 2010, Hoang Nghiep Training and Consulting in cooperation with IFC, eBusiness School International (Ireland) held successfully the the Workshop for over 50 banking professionals from 16 banks around Vietnam.

On the seminar, Mr Vincent O’Brien has introduced about the ICC Uniform Rules for Demand Guarantees – URDG758 that was effective from 1 July 2010 on global scale.

Mr. Vincent O’Brien – the facilitator of the Workshop – is a highly experienced practitioner of International Trade Finance being a long standing member of the ICC Banking Commission. He has more than 20 years international trade banking experience and has delivered trade finance technical assistance and training in more than 50 countries worldwide. Mr O’Brien is also the examiner of International Trade Finance for the Institute of International Trade of Ireland. He is a lead content writer for UpSkills600, the only Certified Online Training in Documentary Credits and UCP 600 of the International Chamber of Commerce. Mr O’Brien is a regular and respected contributor to international trade finance publications such as Documentary Credits Insight, Global Trade Review, LC Monitor and Documentary Credit World. He has played a major role in technical assistance and training for the trade facilitation programmes of the EBRD, the IFC and the ADB. Mr. O’Brien was recently appointed as the ICC Representative to the WTO Expert Group on the Financial Crisis.

Also in the Workshop, Mr Thomas Smith – the Coordinator for IFC FIT Initiative Program; and Mr Martin Nguyen – Vietnam Representative have also introduced the world-class elearning IFC FIT Initiative Program to Vietnamese foreign trade experts.

The new IFC FIT course will be started on 5 September 2010.


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Workshop “ICC Uniform Rules for Demand Guarantees URDG758” at Vietnam http://en.hoangnghiep.com/?p=883 Tue, 22 Jun 2010 15:50:56 +0000 http://en.hoangnghiep.com/?p=883 WORKSHOP

ICC Uniform Rules for Demand Guarantees URDG758 at Vietnam

URDG 758 effective since 1 July 2010

The Uniform Rules for Demand Guarantees

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FACILITATOR: Mr. VINCENT O’BRIEN

VENUE: KIM DO HOTEL, KING HALL, 9TH FLOOR

133 NGUYEN HUE STR., DIST. 1, HCM CITY

DATE: THURSDAY, 31 AUGUST 2010

TIME: 8.30AM – 5PM

Introduction

Trade Finance is generally considered to involve less risk for banks than other mainstream forms of bank financing.   Traditionally banks have had very low loss provisions when providing finance or securing trade deals using traditional trade finance instruments, such as letters of credit or guarantees

The independent demand guarantee has played a critical role in the advancement of international business over the last 3 decades with the use of guarantees continuing to increase.

The advent of the financial crisis has accelerated the use of demand guarantees as contracting parties strive to cover the risks of no performance or non payment with contracting counterparties,

The newly revised URDG 758 of the international chamber of commerce will provide the perfect balance of risk coverage and the flexibility to support the increased global demand for demand guarantees.

This workshop is delivered by a member of the ICC Task Force on Guarantees and a long standing member of the ICC Banking Commission

  • The obligations of banks under the new URDG 758 rules will be explained in detail.
  • Each and every article or rule of the new URDG 758 rules will be explored.
  • Expert advice on the application of the URDG 758 will be provided.

This workshop will be of significant benefit to exporters, importers, construction companies, investment project managers, trade finance bankers, corporate lawyers and expanding SME companies.

The Facilitator:

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Mr. Vincent O’Brien is a highly experienced practitioner of International Trade Finance being a long-standing member of the ICC Banking Commission. He has more than 20 years international trade banking experience and has delivered trade finance technical assistance and training in more than 50 countries worldwide.

Mr. O’Brien is a member of the ICC’s Forfaiting Task Force (Discounting of Bank Deferred Payment Obligations) as well as a member of the ICC’s Task Force on Guarantees.

Mr. O’Brien is a regular and respected contributor to international trade finance publications such as Documentary Credits Insight, Global Trade Review, LC Monitor and Documentary Credit World and he has successfully acted as expert witness for banks in cases the application of ICC rules.

Vincent acts as technical trade advisor to China Systems Corporation, the largest trade finance systems vendor in the World.

He was recently appointed as the ICC Banking Commission Representative to the WTO Expert Group on the Financial Crisis.

Please click here to download Workshop’s schedule.

Please download the Registration Form here

For registration, please contact:

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Hoang Nghiep Training and Consulting
Tel: 84-8-66-788-655 or 66-728-124     Fax: 84-8-62-601-198
Hot line: 0955-247-889
Email: hoangnghiep@gmail.com or info@hoangnghiep.com Website: www.hoangnghiep.com

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URDG 758 – Revised Uniform Rules for Demand Guarantees http://en.hoangnghiep.com/?p=875 Tue, 22 Jun 2010 12:16:01 +0000 http://en.hoangnghiep.com/?p=875 URDG 758 – Revised Uniform Rules for Demand Guarantees

URDG 758

The revised ICC Uniform Rules for Demand Guarantees (URDG) were adopted by the ICC Executive Board at its meeting of 3 December 2009 in New Delhi. The revision was meticulously prepared over a period of more than two years and is the result of a collective effort by a number of ICC constituent groups, including ICC National Committees and the ICC network.

It is particularly significant that the present revision of URDG does not merely update the existing rules first published in 1992, but is the result of an ambitious project to create a new set of rules for the twenty-first century that is clearer, more precise and more comprehensive. They contain new definitions and interpretation rules to provide greater clarity and precision as well as the solution to non-documentary conditions, asymmetrical guarantees and counter-guarantees.

In addition, practitioners will find comprehensive coverage of advice of guarantees, amendments, electronic documents, transfers and other aspects in guarantee practice.

The new book includes a clear layout of the examination of the demand process and a check list of drafting recommendations and ready-to-use model forms.

The revision of the rules that were first published in 1991 was developed as a joint project by The ICC Banking Commission and the ICC Commission on Commercial Law and Practice.

URDG 758, as the new rules are formally known, are destined to become the standard text for demand guarantees worldwide.

For more information and to order a copy, please click here or contact the ICC Publications Department.

The customer service email address is pub@iccwbo.org

The first URDG seminar will take place on 18 March 2010 in Paris – click here for more information

Source from International Chamber of Commerce http://www.iccwbo.org/policy/banking/id34400/index.html

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IFC FIT Initiative 2nd Course – Starting on February 2010 http://en.hoangnghiep.com/?p=582 Thu, 03 Dec 2009 04:57:26 +0000 http://en.hoangnghiep.com/?p=582 IFC FIT Initiative 2nd Course – Starting on 1st February 2010

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The IFC FIT Initiative Program is a very practical e-learning program which has been designed with two important goals:

1- to train and certify international trade finance professionals in their core area of expertise and thus enhance their productivity in their day-to-day roles

2- to build an online global network of international trade and finance professionals who will share knowledge and experience on an online platform specifically developed for the program – a powerful tool in the resolution of common trade finance queries and issues.

Notwithstanding, the continued importance of Letters of Credit in financing such trade it has been identified by the International Chamber of Commerce that there is a need to apply other methods of payment and finance to further facilitate the development of export sales from Vietnam.

The IFC ‘FIT Initiative’ will provide advanced skills in the ‘Finance of International Trade’ (FIT) to participants of the program.  Successful participants will receive valuable Certification in the Finance of International Trade from the Institute of Export in the United Kingdom

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as well as a certificate of achievement in Documentary Credits and UCP 600 from the International Chamber of Commerce in Paris.

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Through the support of the Emerging Markets Grant Scheme (EMGS) this important training and certification program if available to professionals within your organisation at a cost EUR 390.00 inclusive per participant.  This represents a reduction of approximately 60% of the commercial cost of this programme in other markets (EUR 995).

We would like to introduce  this high practical online training programme to your kind Bank, so that you can register your trade finance professionals for the IFC ‘FIT Initiative’ as soon as possible as demand is high and places on this World Class training and certification program are limited.  The second ‘FIT Initiative’ in Vietnam commences on 1st February2010.

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For detail information, please download FIT Vietnam flyer-brochure

For review the Introduction Workshop for 1st FIT Course in Vietnam, please click here

For further information, please feel free contact us:



Hoang Nghiep Training and Consulting

Tel: 84-8-66-728-124 Fax: 84-8-62-601-198
Hot line: 0955-247-889
Email: info@hoangnghiep.com Website: www.hoangnghiep.com

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Introduction about IFC FIT Initiative Program http://en.hoangnghiep.com/?p=391 Mon, 05 Oct 2009 03:16:23 +0000 http://en.hoangnghiep.com/?p=391 IMG_0923

History

The Global Trade Finance Program of the IFC has been in existence for approximately 3 years and in this short period has facilitated trade with developing countries to the value of over $1 billion. Through the GTFP bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements.

The GTFP has developed a network of international trade banks and is gaining momentum with an expansive network of Issuing Banks in more than 20 countries and a global web of confirming banks in over 60 countries participating in the program. Full information on the GTFP can be found at http://www.ifc.org/gtfp

Vision

The IFC Global Trade Facilitation programme now wishes to facilitate and accelerate the development of this international network of International trade banks and professionals, which will in time develop into a network of accredited finance of international trade professionals.

The intentions of the IFC GTFP under this project ‘FIT’ Initiative is to facilitate the implementation of a network driven accredited training program in the Finance of International Trade ‘FIT’ with a strong emphasis on the correct use and application of trade finance instruments including the new UCP 600 rules.

This technical assistance and training project will allow banks and bankers in developing countries of the IFC to gain a formal and internationally recognised accredited certification. It will also facilitate the development of a network of finance of international trade practitioners, and in turn reduce operational risk for emerging trade banks in developing countries.

IFC FIT Initiative Program

This initiative is based on the introduction of a specialised Finance of International Trade (FIT) certificate program designed to encompass the core operational areas of International Trade Finance and Payments. This innovative initiatve from IFC will be delivered by a team of leading organisations from around the world in order to ensure the highest standards of content, support and accreditation are offered to participants.

This international group is led by the electronic Business School International (eBSI), a leading International Trade and Finance Training organisation specialising in the delivery of eLearning programs in these important areas. eBSI has partnered with IFC to deliver the FIT Program in IFC’s Priority Countries with IFC support and through eBSI’s own Emerging Markets Grant Scheme (EMGS).

The FIT Program is certified by the Institute of Export UK and successful participants who pass the FIT Program’s continuous assessment elements will receive a certificate in Finance of International Trade from the Institute of Export UK.

Course content also includes ICC approved online training in UCP 600 provided by Coastline Solutions in Ireland.

This website will provide you with the latest info on the IFC ‘FIT’ Initiative, its program content, enrolment information and details of events occuring in participating countries. We welcome you to join this international network!

The IFC ‘FIT Initiative’ is an essential component in the training make up of all trade finance practitioners given its practical online approach to a broad spectrum of core trade finance products including Documentary Collections, Documentary Credits, Factoring, Forfaiting, Invoice Discounting, Bonds and Guarantees, all delivered in a comfortable and permanent Global Trade Finance Campus onliene.

(Source from http://ifcfitinitiative.com/

http://www.export.org.uk/index.php/professional-qualifications/ifcfit-initiative)

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IFC Finance of International Trade Initiative Program http://en.hoangnghiep.com/?p=100 Tue, 08 Sep 2009 02:42:05 +0000 http://hoangnghiep.nghenhanxanh.com/?p=100 image002

The IFC FIT Initiative Program is a very practical e-learning program which has been designed with two important goals:

1- to train and certify international trade finance professionals in their core area of expertise and thus enhance their productivity in their day-to-day roles

2- to build an online global network of international trade and finance professionals who will share knowledge and experience on an online platform specifically developed for the program – a powerful tool in the resolution of common trade finance queries and issues.

Notwithstanding, the continued importance of Letters of Credit in financing such trade it has been identified by the International Chamber of Commerce that there is a need to apply other methods of payment and finance to further facilitate the development of export sales from Vietnam.

The IFC ‘FIT Initiative’ will provide advanced skills in the ‘Finance of International Trade’ (FIT) to participants of the program.  Successful participants will receive valuable Certification in the Finance of International Trade from the Institute of Export in the United Kingdom

image003

as well as a certificate of achievement in Documentary Credits and UCP 600 from the International Chamber of Commerce in Paris.

image003

Through the support of the Emerging Markets Grant Scheme (EMGS) this important training and certification program if available to professionals within your organisation at a cost EUR 290.00 inclusive per participant.  This represents a reduction of approximately 70% of the commercial cost of this programme in other markets.

We would like to introduce  this high practical online training programme to your kind Bank, so that you can register your trade finance professionals for the IFC ‘FIT Initiative’ as soon as possible as demand is high and places on this World Class training and certification program are limited.  The first ‘FIT Initiative’ in Vietnam commences on Monday 10 August 2009.

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