| CODE | BKF1203 | |||||||||
| TITLE | Finance and Instruments of Payment | |||||||||
| UM LEVEL | 01 - Year 1 in Modular Undergraduate Course | |||||||||
| MQF LEVEL | Not Applicable | |||||||||
| ECTS CREDITS | 5 | |||||||||
| DEPARTMENT | Banking and Finance | |||||||||
| DESCRIPTION | This study-unit will give the students a good understanding of the various instruments and methods available in international and domestic trade. The students will have a better understanding of the instruments and methods, the risks attached as well as the mitigations possible for buyers and sellers when engaging in both domestic and international trade. The subject will also address the role of the financiers supporting such trade activities. Students will become familiar with various roles of each party and the creating of competitive edges when including financing tools in the trade activities. Study-unit Aims: The main objective of the study-unit is to alert the students of the importance of using the correct instrument/tool in international and domestic trade. The study-unit also makes the students aware of the various practical usage of the products available to optimize competitiveness when exporting and trading. The unit also aims to provide students with awareness of the various risks in international trade as well as and an overview of trade documentation. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Demonstrate an understanding of the inherent risks and challenges when dealing with cross border transactions whilst at the same time be familiar with the mitigants that can counter such risks. - Better comprehend the various instruments, tools and applications as well as roles in domestic and international trade. 2. Skills: By the end of the study-unit the student will be able to: - Apply and structure the best product and application when looking at domestic or international trade situations. - Create the more efficient and competitive structure to clients with trade opportunities. - Give basic but essential guidance to exporters and importers regarding (i) specific clauses of the sales contract; (ii) trade and shipping documentation and (iii) how to mitigate against risks of international trade transactions. Main Text/s and any supplementary readings: - Forfaiting for Exporters, by Andy Ripley, International Thomson Business Press. - A Guide to Forfaiting, by Margrith Lutschg-Emmenegger, The Books Department, Euromoney Publications Plc., London. - Incoterms 2010 by the International Chamber of commerce ICC Publication No. 715E. - ICC Guide to Incoterms 2010 by Jan Ramberg ICC Publication No. 720E. - ICC Guide to Export/Import (Global Standards for International Trade) by Guillermo C. Jimenez ICC Publication No. 696E. - Bishop, E., Finance of International Trade, Elsevier: Butterworth Heinemann, 2004 ISBN: 0-7506-5908-4. - Jack: Documentary Credits (Forth Edition) – Ali Malek QC – David Quest – TOTTEL PUBLISHING. - Wynne, G. (Editor) “A Practitioner’s Guide to Trade and Commodity Finance”, SNR Denton, Thomson Reuters. - Palmer, H., 2000, “International Trade Finance and Pre-Export finance, 2nd edition, Howard Palmer. - Goergen, Marc, 2012, International Corporate Governance, Prentice Hall ISBN: 9780273751250. - The Wolfsberg Trade Finance Principles (2011). [Available on Internet] http://www.wolfsberg-principles.com/pdf/WG_Trade_Principles_Paper_II_Final_11-03-11.pdf - “Fundamentals of Risk Management – Part 1”, Paul Hopkin, IRM, 2011. - “Assessing Enterprise Risk Management Practices of Financial Institutions”, Standard and Poor’s, September 2006. - “A Roadmap for evaluating Financial Institutions’ ERM Practices”, Standard and Poor’s, May 2007. |
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| STUDY-UNIT TYPE | Lecture | |||||||||
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| LECTURER/S | Silvio John Camilleri Marcel Cassar Gilbert Coleiro Armin Eckermann John C. Grech Margrith Lutschg Silvio Mifsud Aly Siby Renald Theuma Charles Wallbank |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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