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.

Course Series

This course is included in the following series:

4 CoursesInternational Trade Finance

  1. International Trade - Part 1: Trade Finance Instruments
  2. International Trade - Part 2 - Payment Instruments
  3. International Trade - Part 3 – International Payment Systems
  4. International Trade - Part 4 – Supply Chain Finance
Learning Objectives
  • 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
8 Reviews (29 ratings)

Reviews

5
Anonymous Author
Great course for understanding International Payment Systems and how different parties interact in the process.
5
Anonymous Author
Very helpful. I have reviewed this material before, but it was great to get a refresher on it.
5
Member's Profile
Great course to understand the International Payment systems, Processes and related risks.
4
Member's Profile
This course helps me to understand CLS which is a topic that I have been struggling with
4
Member's Profile
good information on correspondence banks and on the continuous settlement system in us
4
Anonymous Author
I enjoyed the case study. It would be better to have more case studies.
4
Member's Profile
good to know this kind of knowledge, good to know this kind of knowledge
4
Anonymous Author
Kept my interest and helped me understand the payment processes.
Prerequisites
Course Complexity: Intermediate

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.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Questions and Answers1 Question
There are no questions.         Answers to Frequently Asked Questions (FAQs)
Member's Profile
Dawn Choate
(Treasury Management Officer at Fifth third Bank) | Dec 6, 2021

Good Morning, I noticed only International Trade Part 3 provides CTP credits, are CTP credits available for Part 1, 2 & 4? If so can you make the correction? Thank you

Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to International Trade - Part 3 – International Payment Systems2:34
  International Payments - A Primer8:16
  Correspondent Banking5:59
  How Correspondent Banking Is Settled10:07
  CHIPS - A Working Example15:09
  CLS & it's Role in Settling International Trade Payments16:28
  Course Wrap - Up2:40
CONTINUOUS PLAY
  International Trade - Part 3 – International Payment Systems 1:01:13
SUPPORTING MATERIALS
  Slides: International Payment SystemsPDF
  International Payment Systems Glossary/IndexPDF
  ExamplesPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam