Comments about Postgraduate Course: Escrow Account Management, Bank and Credit Account Management, Letters of Credit - At the institution - London - Greater London
Course: Escrow Account Management, Bank and Credit Account Management, Letters of Credit: Business Finance ManagementPart 1: Escrow Account Management Ø Defining Escrow;Ø Types of Escrow:* Internet Escrow;* Banking;* Intellectual Property;* Law;* Real Estate.Ø Prohibition to Commingle Funds by an Escrow Agent;Ø How Does Escrow Works?;Ø Who Chooses the Escrow?;Ø Benefits of Escrow Account;Ø Items that are Held in Escrow;Ø Establishing an Escrow Account(s): Requirements;Ø Tips in Preparing for a Trouble-Free Escrow Process;Ø Requirements for the Timely Deposit of Escrow Account;Ø Escrow Management;Ø Escrow Costs;Ø Escrow Funds;Ø Escrow Accounting;Ø Escrow Rules;Ø Escrow Analysis;Ø Closing Statement, Definition. Part 2: Bank Account Management Ø Bank Account: Definition:Ø Types of Bank Account:* Transactional Account:* Checking;* Deposit;* Current;* Personal;* Transaction Deposit.* Savings Account:* Individual Savings Account;* Time Deposit;* Tax-Exempt Special Savings Account;* Tax-Free Savings Account;* Money Market Account.* Other Accounts:* Loan Account;* Loan Account;* Low-Cost Account;* Nostro and Vostro Accounts;* Numbered Bank Accounts;* Negotiable order of Withdrawal Account.Ø Secrecy of Bank Deposit;Ø Money Laundering:* Money Laundering Principles;* Money Laundering Process;* Tools Required for National Action against Money Laundering to be Effective;* The Financial Action Task Force (FATF). Part 3: Credit Management Ø The Role of Credit and It’s Importance in the Economy;Ø Capital and Credit;Ø The Development of Consumer and Export Credit;Ø Secured and Unsecured Credit;Ø Information Technology;Ø External Services;Ø Credit Management as a Profession;Ø The Financial Effects of Credit Management:* The Cost of Credit;* Free Credit?;* The Effect of Credit on Profits;* The Effect of Credit on Liquidity;* The Financing of Credit;* Cash Flow;* Measurement of Debtors;* Cash Targets;* Planning and Budgeting Debtors. Part 4: Letters of Credit Ø Principles of Letter of Credit;Ø Letter of Credit and International Trade;Ø How Letter of Credit Works?;Ø Parties to a Letter of Credit:* Applicant;* Beneficiary;* Advising Bank;* Confirming Bank;* Issuing Bank.Ø Types of Letter of Credit:* Import/Export Letter of Credit;* Revocable Letter of Credit;* Irrevocable Letter of Credit;* Confirmed Letter of Credit;* Unconfirmed Letter of Credit;* Transferrable Letter of Credit;* Untransferable Letter of Credit;* Standby Letter of Credit;* Revolving Letter of Credit;* Back to Back Letter of Credit.Ø Sample Letter of Credit;Ø When to Use letter of Credit;Ø Things to Consider in Applying for a Letter of Credit:* Legal Matters;* Costs;* The Customer’s Creditworthiness;* Risks Associated with the Country You’re Exporting To;* Normal Trading Practices;* Available Advice and Guidance.Ø Uniform Customs and Practice for Documentary Credits (UCP) 600.