Certified International Trade and Forex Professional VS-1262

Transcription

1 Certified International Trade and Forex Professional VS-1262

2 Certified International Trade and Forex Professional Certification Code VS-1262 Import export business also known as international trading, are one of the hottest commercial trends of this decade and has been an integral part of our lives for a very long time. To be in business one has to be the best at it and to be the best one has to have all the knowledge pertaining to it. Why should one take this certification? Earning Vskills International Trade and Forex Professional Certification can help candidate differentiate in today's competitive job market, broaden their employment opportunities by displaying their advanced skills, and result in higher earning potential. Who will benefit from taking this certification? cation? This Course is intended for executives, senior executive and managers working in finance, forex or international trade domains and wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression. Test Details: Duration: 60 minutes No. of questions: 50 Maximum marks: 50, Passing marks: 25 (50%); There is no negative marking in this module. Fee Structure: Rs. 4,999/- (Excludes taxes)* *Fees may change without prior notice, please refer for updated fees

3 1. International Trade 1.1 Regulations of International Trade 1.2 Risks in International Trade 1.3 Top Trading Nations 1.4 Top Traded Commodities (Exports) 2. International Trade WTO 2.1 GATT rounds of negotiations 2.2 Functions of WTO 2.3 Principles of the trading system 3. Export and Import 3.1 Export 3.2 Advantages of Exporting 3.3 Disadvantages of Exporting 3.4 Ways of exporting 3.5 Making the export decision 3.6 Import 4. Starting Exports Important steps 4.1 Basic Requirements 4.2 IEC Number 4.3 Export License 4.4 Export Samples 4.5 Export Pricing 4.6 Steps for successful exporting 5. Export Documentation 5.1 Pre-shipment Documents 5.2 Post Shipment Documents 5.3 Export Documents Table of Content

4 6. Payment Terms 6.1 Payment in Advance 6.2 Letter of Credit 6.3 Documentary Collections 6.4 Open Account 7. INCOTERMS 7.1 Classification 7.2 Multi Modal Transport Rules 7.3 Sea and Inland Waterway Transport Rules 7.4 Trade Rules 8. Methods of Financing Exporters 8.1 Pre-Shipment Finance 8.2 Post-Shipment Advance 9. Export Assistance 9.1 Importance of Export Assistance 9.2 Export Promotion Measures in India 9.3 Eligibility for Export/Trading/Star Trading/Super Star Trading Houses 9.4 Rendering exports price competitive 9.5 Strengthening Export Marketing Effort 9.6 Special Economic Zones 9.7 Export Processing Zone /Export Oriented Units 10. Processing of an export order 10.1 Nature and Format of Export Order 10.2 Examination and Confirmation of Export Order 10.3 Central Excise Clearance 10.4 Pre-shipment Inspection 10.5 Appointment of Clearing and Forwarding Agents 10.6 Transportation of Goods to Port of Shipment 10.7 Port Formalities and Customs Clearance 10.8 Certificate of Origin and Shipment Advice 10.9 Presentation of Documents to Bank Claiming Export Incentives 11. Imports 11.1 Why Import 11.2 Global Sourcing 11.3 Import Requirements and Documentation 11.4 Procedure to Import 11.5 Import Duties 11.6 Payment Methods 11.7 Import Financing 11.8 FEMA Guidelines relating to Imports 11.9 Export Promotion Capital Goods Scheme - EPCG

5 11.10 Foreign Trade Policy ( ) 12. Forex Introduction 12.1 What is Foreign Exchange 12.2 Why is foreign exchange important to us? 12.3 What is a foreign Exchange market? 12.4 Foreign Exchange as a Financial Market 12.5 Foreign Exchange is an OTC Market (Over The Counter) 12.6 Market Participants 13. Foreign Exchange Basics 13.1 Rates of Exchange 13.2 Primary and Counter Currency 13.3 Market Maker and Market Taker 13.4 Bid/Offer Rate 13.5 Middle Rate 13.6 Cross Rates 13.7 Factors affecting exchange rate fluctuations 13.8 Major Currencies 13.9 Fixed, Floating and Dirty Float Trading Terminology 14. Foreign Exchange Risks 14.1 Effect of fluctuations in exchange rates: exposure and foreign exchange risk 14.2 Exchange Rate Risk 14.3 Interest Rate Risk 14.4 Credit Risk 14.5 Country Risk 14.6 How to manage your risk 15. Kinds of Foreign Exchange Market 15.1 Spot Market 15.2 Forwards Market 15.3 Currency Forward Swaps 15.4 Futures Market 15.5 Strategies using Currency Futures 15.6 Hedging using Currency Futures 15.7 Speculation in Currency Futures 16. Currency Markets in India 16.1 Product Specification 16.2 Uses of Currency Futures at NSE 16.3 Membership 16.4 Clearing, Settlement and Risk Management

6 Sample Questions 1. Which of the following is an Government direct payment to domestic companies for encouraging exports A. Subsidies B. Aids C. Voluntary export restraints D. Export tariffs 2. Which of the following refers to a quantitative import or export restriction limiting, the quantity of a product being exported or imported A. Restraint B. Quota C. Import tariff D. Embargo 3. Which term is an bilateral agreement restricting exports A. export quotas B. transit tariffs C. voluntary export restraints D. orderly marketing arrangements 4. Which of the following GATT round, resulted in the formation of the WTO A. Tokyo Round B. Geneva Round C. Torquay Round D. Uruguay Round 5. What was predecessor to WTO A. GATT B. OPEC C. World Bank

7 D. IMF Answers : 1 (A), 2 (B), 3 (C), 4 (D), 5 (A)

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