IFC FIT Initiative- 2010

Dear Nigeria Participants of the IFC FIT Initiative,

I am writing to you to give you a quick reminder that our next intake of the IFC FIT Program will take place from 2 August 2010.

This course as you will already have experienced covers the core areas of Trade Finance in a practical and comprehensive manner.

What you may not realize is that you have access to the eBSI Online Training FOR LIFE!

This means that if you want to revise any part of the course content at www.ebsi-citt.net you can do so with your username and password originally issued to you by us here in eBSI.

You also have access to our online networking platform and updated forums which allow you to discuss international trade issues or practical questions regarding the interpretation of ICC rules with our tutors and your country participants as well as other network members in all the IFC FIT countries (Vietnam, Cambodia, Bangladesh, Pakistan, Nigeria, Kenya, Tanzania, Uganda and Burundi).  

This is a fantastic resource as I am sure you will agree!  

The cost of the whole package normally costs EUR 995 if taken separately outside of the IFC framework which comprises of :

-      eBSI Finance of International Trade Course worth EUR 695 including certification and lifetime access

-      ICC Online Training in UCP 600 worth EUR 300 for 1 year license

-      We are the only training organization to offer live online classes to participants on their program.

-      You get lifetime membership and access to training materials including UPDATES when rules change

-      Our program not only incorporates ICC training but also carries the endorsement of IFC (International Finance Corporation – part of the world bank)

-      Our Participants become a part of a network around the world of dedicated Trade Finance professionals with their own dedicated portal at www.ifcfitinitiative.net

-      we really believe in bettering the opportunities for bankers and traders in emerging markets.

-      We work constantly to improve the course and our services to you even after you have graduated and completed the FIT Program – with special IFC FIT Network member discounts on other training in related areas.

All this for just EUR 390 per participant.  This is not a course fee…  its an investment in human potential by banks who enroll their staff into this program with an excellent ROI when you consider the fact we provide lifetime access to the training for participants. 

Group discounts can be arranged.

As we now are two weeks away from course start, I invite you to pass this email to your colleagues and invite them to contact me (ts@ebsi.ie) or your local coordinator for further information on this excellent program. 

Why not tell your trading customers about the course?  We also accept international trade staff who work on trade finance operations for export/import companies.

We are here to serve you, and we hope you will continue to use the forums and content on the online campus at www.ifcfitinitiative.net and www.ebsi-citt.net

If you need username or password reminders just let us know.

Help us spread the word about this fantastic career development opportunity and help us grow our international network of Trade Finance Professionals to which you now belong!

Warmest regards from us all in the eBSI Team!

Thomas Smith

Operations Director

eBSI Export Academy

www.ebsi.ie

IFC FIT Initiative

www.ifcfitinitiative.net

TRADE FINANCE OFFICER JOB OFFER FROM A EUROPEAN (MALTA) BANK

Job Title:  Trade Finance Officer 

Main Responsibilities: 

• Issuing and advising of Import and Export Documentary Credits and Standby Letters of Credit.
  
• Reviewing of applications for issuance of Documentary Credits.
  
• Issuance of Back to Back Documentary Credits.
  
• Checking of documents under Documentary Credits.
  
• Processing of all events under Documentary Collections (Import & Export).
  
• Processing of all events under Guarantees.
  
• Liaise with customers, buyers, beneficiaries, or other bank staff.
  
• Understand legal responsibilities relating to Money Laundering.
  
• Investigate and resolve queries and problems regarding documentation and payments.
  
• Calculate and review commissions.
  

Core Competencies:

Knowledge:

• ICC Uniform Customs and Practice for Documentary Credits (UCP600).
  
• ICC International Standard Banking Practice (ISBP681).
  
• ICC International Standby Practices (ISP98).
  
• ICC Uniform Rules for Demand Guarantees (URDG458 and URDG758).
  
• ICC Uniform Rules for Collections (URC522).
  
• ICC Uniform Rules for Bank-t-Bank Reimbursements (URR725).
  
• ICC Incoterms 2000.
  
• Good grasp of supporting documents that fit trading criteria.
  

Skills:

• Ability to work with all levels of the organisation.
  
• Able to process complex trade finance instruments.
  
• Excellent team player.
• Open personality with energy and drive.
• Motivated to succeed.
• Ability to be flexible and work to deadlines.
• Ability to follow procedures.
• Maintain accurate records.

Personal:

Being Proactive – Strives to stay ahead by anticipating rather than reacting; ensures that ones actions are always carefully considered.

Resilience – Have confidence in your ability to achieve ambitious goals and celebrates success; never allows oneself to become arrogant. Possess the ability to cope with rejection.

Problem Solving Style – Identifies, clarifies/defines and works through challenges towards a defined outcome.

Acting with Integrity – Lives the bank’s business model based on trust and integrity as perceived by our stakeholders, especially our customers.

Personal Accountability – Takes full responsibility for ones actions and the impact that you have on others; self driven with a desire to continually grow and improve on your performance. Shows a high degree of self-motivation and ambition.

Valuing Diversity – Demonstrates dignity of all people.  Respects others and what the bank stands for.  Recognizes that there are corresponding obligations associated with individual rights.

Experience Required:

Proven 3-5 years experience in trade finance products and services, ideally gained in an international banking environment.

Qualifications:

• Educated to bachelor level or similar by experience.
  
• Fluent in English and at least one other European language.
  
• Good working knowledge of Microsoft products (Excel, Word, Powerpoint).

Interested candidates should  forward their applications and CV to the  Nigeria Trade Professional Forum team via: 

tradeforumng@gmail.com

TRADE OFFICER JOB OFFER FROM A EUROPEAN (MALTA) BANK

Job Title:  Trade Finance Officer 

  

Main Responsibilities: 

• Issuing and advising of Import and Export Documentary Credits and Standby Letters of Credit.
• Reviewing of applications for issuance of Documentary Credits.
• Issuance of Back to Back Documentary Credits.
• Checking of documents under Documentary Credits.
• Processing of all events under Documentary Collections (Import & Export).
• Processing of all events under Guarantees.
• Liaise with customers, buyers, beneficiaries, or other bank staff.
• Understand legal responsibilities relating to Money Laundering.
• Investigate and resolve queries and problems regarding documentation and payments.
• Calculate and review commissions.

 Core Competencies:

 Knowledge:

• ICC Uniform Customs and Practice for Documentary Credits (UCP600).
• ICC International Standard Banking Practice (ISBP681).
• ICC International Standby Practices (ISP98).
• ICC Uniform Rules for Demand Guarantees (URDG458 and URDG758).
• ICC Uniform Rules for Collections (URC522).
• ICC Uniform Rules for Bank-t-Bank Reimbursements (URR725).
• ICC Incoterms 2000.
• Good grasp of supporting documents that fit trading criteria.

 Skills:

• Ability to work with all levels of the organisation.
• Able to process complex trade finance instruments.
• Excellent team player.
• Open personality with energy and drive.
• Motivated to succeed.
• Ability to be flexible and work to deadlines.
• Ability to follow procedures.
• Maintain accurate records.

 Personal:

Being Proactive – Strives to stay ahead by anticipating rather than reacting; ensures that ones actions are always carefully considered.

Resilience – Have confidence in your ability to achieve ambitious goals and celebrates success; never allows oneself to become arrogant. Possess the ability to cope with rejection.

Problem Solving Style – Identifies, clarifies/defines and works through challenges towards a defined outcome.

Acting with Integrity – Lives the bank’s business model based on trust and integrity as perceived by our stakeholders, especially our customers.

Personal Accountability – Takes full responsibility for ones actions and the impact that you have on others; self driven with a desire to continually grow and improve on your performance. Shows a high degree of self-motivation and ambition.

Valuing Diversity – Demonstrates dignity of all people.  Respects others and what the bank stands for.  Recognizes that there are corresponding obligations associated with individual rights.

  

Experience Required:

Proven 3-5 years experience in trade finance products and services, ideally gained in an international banking environment.

Qualifications:

• Educated to bachelor level or similar by experience.
• Fluent in English and at least one other European language.
• Good working knowledge of Microsoft products (Excel, Word, Powerpoint).

New rules for demand guarantees effective today (1 July 2010)

Commission on Banking Technique and Practice

Note to Banking Commission members, national committees and groups

New rules for demand guarantees effective today (1 July 2010)  

Dear Sir, Madam,

As you know, the new URDG 758 will enter into force today: 1 July 2010. To this effect, we have posted the necessary information on the ICC website (see http://www.iccwbo.org).

Over the last few months, we have embarked on a great deal of communication and media events to promote the new rules. Training workshops have also been carried out all over the world including NIGERIA.

I am sure that the industry is now aware of the new rules. Still, we need to ensure that the industry and users are well aware that the effective implementation date is 1 July 2010.

Thus, I would urge you to disseminate the information to all your networks to ensure that all stakeholders are aware of the event and its important consequences. Please consider using the attached text as basis for an email to be sent to as large a network as possible: colleagues within your professional organization, customers, media, regulators, lawyers, etc.  

We thank you for all your efforts to help extend the reach of URDG 758. 

A copy of this/these document(s) has been posted on the ICC intranet under:

-    ICC Public Forums

-    Global Intranet

-    ICC Policy Commissions and Groups

-    Banking Technique and Practice

-    Documents for Comments or

-    Documents for Information and read only