Financial Transactions and Financing of International Trade

Syllabus

1. Currency and exchange rate: definition of currency and exchange rate, foreign exchange market and exchange rate, factors influencing the exchange rate, methods of determining the exchange rate, exchange rate regimes, ERM II. 2. Country balance of payments and trade: Definition of balance of payments, structure of balance of payments, current account and balance of payments accounts, balance and its interpretation, balancing process, balance of payments and exchange rate. 3. Financial markets and financial market operations: Definition of the financial market, types of financial markets, financial market instruments, aspects of trading on financial markets, long-term trends in financial markets, stock exchange trading. 4. Financial derivatives: Definition and reasons for financial derivatives, basic types of financial derivatives, currency derivatives, interest rate derivatives, equity derivatives, credit derivatives. 5. Options and hedging/hedging operations. 6. Short-term export financing instruments (export pre-financing, debt purchase and factoring, forfaiting, bills of exchange). 7. Export forfaiting and calculations in the field of export financing. 8. Credit insurance (insurance of receivables, insurance of foreign investments of domestic legal entities, insurance of political risks in international trade, insurance instruments of EXIMBANKA SR). 9. Medium-term financing tools for exports and foreign investments of domestic legal entities through EXIMBANKA SR and commercial banks in the Slovak Republic. 10. International leasing in the export of technologies, investment units and ways of securing it from the point of view of exporters. 11. Structured financing of long-term projects abroad (syndicated and consortium loans). Failed commercial financing and restructuring of non-standard receivables and failed investment projects 12. Provision of credit transactions, bank guarantees and credit frameworks of exposure from the point of view of corporate clients of banks. Current trends and concept of management collateral for credit, business and other contracts with an international element. 13. International direct tax adjustment, OECD Double Taxation Model Convention, OECD Transfer Pricing Guideline.