International Trade - Part 3: International Payment Systems
What you'll learn
- Discover the characteristics of an international payment.
- Identify the risks in correspondent banking.
- Explore the workings of the Continuous Linked Settlement (CLS) system
- Discover how the US dollar Clearing House Interbank Payment System (CHIPS) operates.
- Explore the principles behind international payments.
Requirements
- No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Description
The course provides a comprehensive foundation for understanding all aspects of International Trade Finance in a global context, covering the key principles, concepts, infrastructures, practices, issues, and current developments.
Although the full course is divided into four parts, which together form a complete picture of international trade, its various instruments, its operations and its financing, each part may be studied as a stand-alone unit.
Part 3 of the course covers:
How international payments are made
Payments in US Dollars – The Clearing House Interbank Payment System (CHIPS)
Correspondent Banking
Continuous Linked Settlement (CLS) and its role in settling international trade payments
This course will be of especial interest to banking, business, and import/export professionals who wish to expand their knowledge base as well as enhance their expertise and advance their careers in or gain a deeper understanding of the international trade finance arena.
This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
Who this course is for:
- Anyone interested in Accounting, Finance , International Trade, or related fields.
Instructors
- 4.2 Instructor Rating
- 26,071 Reviews
- 81,598 Students
- 239 Courses
Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.
Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.
Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
- 4.3 Instructor Rating
- 282 Reviews
- 832 Students
- 11 Courses
Stanley holds a Masters degree in Economics and a BCom. degree in Accounting from the University of South Africa, Pretoria. He has extensive and wide ranging banking and IT experience, including 33 years with the Standard Bank of South Africa, where during the 1990s he filled an industry level role holding several key positions in the area of electronic payments/banking.
His extensive exposure to banking practice and banking operations extends to many countries including the USA, United Kingdom, South Africa, Israel, Europe and Australia.
During the 1990s he held a senior banking industry level role on secondment to the South African Clearing Bankers Association, which included that of Chairman of the Risk Committee of the Payments Association of South Africa (PASA) as well as participating in the development of the South African National Payment System. He also represented South Africa on two occasions at the United Nations Commission on International Trade Law (UNCITRAL) in New York.
On leaving South Africa, Stanley spent time as a payment systems designer and consultant to a New Jersey based bank payments software developer. This included projects and consultation work with central and commercial banks in the US, the UK, Australia, Israel, Kazakhstan, South Africa, Mauritius, Namibia, Romania, and the Netherlands.
Stanley also served as an external consultant to the Bank of Israel in the reform of the Israeli payment systems dealing with two major projects; the introduction of that country’s ZAHAV Real Time Gross Settlement payment system and the inclusion of the Israeli Shekel in the international Continuous Linked Settlement (CLS) system – a role which covered various wholesale, retail and international payments systems, operational risk and legal issues as well as policy, regulatory and oversight matters.
Over the past decade he has been in the private high-tech sector providing high-level training and consulting services to a wide range of banks and other clients across the world in areas of international payments, digital/mobile banking, governance, risk management, and compliance.