Trade Finance e-Learning Programme

[Pages:2]Trade Finance e-Learning Programme

January 2012

EBRD e-Learning

The European Bank for Reconstruction and Development (EBRD) and the International Chamber of Commerce (ICC) launched the Trade Finance e-Learning Programme in May 2010, with the aim of helping issuing banks involved in the EBRD's Trade Facilitation Programme (TFP) to achieve best international practice in trade finance.

Since the launch more than 300 trade specialists from over 80

banks across eastern Europe and central Asia have taken part in the e-Learning Programme.

In December 2011 the programme was also launched in the southern and eastern Mediterannean (SEMED) region.

Further information on the EBRD e-Learning Programme can be found at ebrd..

At a glance

Countries where the e-Learning Programme has been launched

Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Croatia, Egypt, FYR Macedonia, Georgia, Kazakhstan, Kyrgyz Republic, Moldova, Mongolia, Morocco, Russia, Serbia, Tajikistan, Tunisia, Turkmenistan, Ukraine, Uzbekistan

Programme contents

The e-Learning Programme covers all of the ICC traditional trade finance products and Incoterms? rules, which are a key feature of international commercial contracts involving the shipment of goods and provision of services.

The programme ensures that trade finance professionals in the EBRD's countries of operations have the requisite skills to issue, process and honour trade products in line with the provisions of the ICC Trade Rules, and includes seven online training modules:

Collections: Comprehensive training in Collections and URC 522

Mentor 600: Comprehensive training in Letters of Credit, UCP 600 and ISBP

DC Master: Advanced training in

Letters of Credit

ISP Master: Advanced training in

Standby Letters of Credit and ISP 98

Number of graduates

The programme is funded by the EBRD Shareholder Special Fund. Selected students are awarded scholarships that cover up to 100 per cent of the programme's tuition fees.

The programme is flexible and students have up to 12 months to complete all of the online training modules. On completion of all modules, students receive the ICC certificates of achievement.

2010 ? 20 graduates 2011 ? 98 graduates

Contact

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom Tel: +44 20 7338 6000 Fax: +44 20 7338 7848 tfp Kamola Makhmudova Tel: +44 20 7338 7731 Email: makhmudk@

"Promotion of the correct application of ICC Trade Rules is a core objective of the ICC Banking Commission, so we are delighted that the e-Learning Programme has proved such a successful addition to the EBRD Trade Facilitation Programme," says Thierry S?n?chal, ICC Senior Policy Manager and Secretary of the ICC Banking Commission.

Maria Mogilnaya Tel: +44 20 7338 6924 Email: mogilnam@

Jamie Hsiao Tel: +44 20 7338 6980 Email: hsiaoj@

For more information on the TFP go to: tfp

URDG Master: Advanced training in Demand Guarantees and URDG 758

Incoterms? 2010: Comprehensive training in Incoterms? 2010

Environmental and Social Issues in Trade: Comprehensive training in environmental and social issues related to trade finance

An EBRD e-Learning Programme graduation ceremony in Moscow on 8 February 2011

Modern teaching and how it affects trade finance in practice

The EBRD has abandoned traditional teaching methods. Through "the Flip" ? as it is known in Silicon Valley ? students on the EBRD e-Learning Programme can now "attend" their lectures online.

Studying online, on a smart phone or on a tablet while on the go, has distinct advantages. For example, students can review part or all of a lecture/module several times to understand a subject written in a language that is probably not their native tongue (all the subjects are taught in English). Students can relax and advance at their own pace.

The TFP team then aggregates the information on all the banks participating in the programme and assesses where the knowledge gaps lie according to individual bank, country and region.

The team then arranges targeted face-to-face training workshops with well-known consultants who can address any areas that were perhaps not well understood during the online training.

Since the launch of the e-Learning Programme the TFP team has seen better-targeted trade, better use of products and a better understanding of the risks involved in trade finance. The issuing banks are also better equipped to formulate more specific questions to the TFP team and are able to apply the concepts they have learned in everyday operations.

Student view

Mohamed El-Naggar, Senior Supervisor in the Trade Finance Unit at the National Bank of Egypt, became a student on the EBRD e-Learning Programme in December 2011 and was the first student from Egypt to successfully complete the programme. "I do not have enough words to describe how much I enjoyed studying the modules in the EBRD e-Learning Programme," he enthused. "The modules are very well organised and take the student from the very basic concepts of trade finance to the depths of each topic."

Having undergone other trade finance training through the Certified Documentary Credit Specialist (CDCS) course, Mohamed found the EBRD e-Learning Programme very interesting, and that it complemented his previously acquired knowledge. The programme provides the most complete suite of trade finance training modules currently available to any trade finance specialist in the world, and thus allows every student to grasp new concepts and deepen their understanding, irrespective of their previous education.

Student view

Olena Kozoriz, Head of Financial Institutions and Trade Finance at Ukreximbank, Ukraine, has over 10 years of experience in trade finance, and still found the EBRD e-Learning Programme very interesting. Olena says: "I appreciate that the programme is online and the students can study at any time. Moreover, it incorporates all the latest changes in the internationally accepted rules and standards. Experienced managers like myself can refresh their knowledge and `professional vocabulary', which we use on a daily basis when structuring trade finance transactions with our partner banks from abroad."

Graduates of the programme range from documentary specialists at the beginning of their career in trade finance, to heads of departments with many years of experience, to employees of support departments (corporate, marketing, legal) of participating banks who want to expand their product knowledge and understand the basics of trade finance.

The TFP is proud to have enrolled most trade finance specialists from participating banks in the programme, thus creating a close-knit EBRD community of professionals in trade finance.

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