International Trade - International Payment Systems
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Speaker : STANLEY EPSTEIN
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When : Thursday, March 20, 2025
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Time : 11 : 30 AM EST
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Stanley holds a Master’s degree in Economics and a BCom. degree in Accounting from the University of South Africa, Pretoria. He has extensive banking and IT experience, 33 of which were with the Standard Bank of South Africa. He also filled several industry level roles in South Africa. This included that of Chairman of the South African interbank PASA Risk Committee, member of the South African Clearing Bankers Association’s ERAG Group and of having represented South Africa at UNCITRAL (United Nations Commission for International Trade Law) in New York, in the formulation of the foundational legal concepts for electronic banking.
He has had extensive exposure to banking practice and banking operations in a number of countries including the USA, United Kingdom, South Africa, Israel, Europe and Australia. He has also acted as advisor to a number of central banks on payment systems, oversight, policy and payments risk issues.
More recently, he spent time in the high-tech sector as a payment systems designer and consultant to a global payments software developer.
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
The other parts cover;
- Part 1 - Trade Finance Instruments
- Part 2 - Payment Instruments
- Part 4 – Supply Chain Finance
Areas Covered
- Introduction to International Trade - Part 3 – International Payment Systems
- International Payments - A Primer
- Correspondent Banking
- How Correspondent Banking Is Settled
- CHIPS - A Working Example
- CLS and it's Role in Settling International Trade Payments
Who Should Attend
Trade Finance Managers, Export/Import Managers, Treasury Managers, Financial Analysts, Supply Chain Managers, Compliance Officers, Corporate Bankers, Logistics Coordinators, Procurement Officers, CFOs (Chief Financial Officers).
Why Should You Attend
- 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
Topic Background
This course is 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.
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$160.00
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