International Trade - Part 3 – International Payment Systems 1.5 CPE

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 special 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.

Prerequisites

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.

Learning Objective

• 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.

Last updated/reviewed: March 13, 2024