T15

Trade Finance and Working Capital

Trade Finance and Working Capital: 6 courses and 28 lessons on ATMA. Every lesson is free to read, with an Excel template for each course.

T15-C01 Payment Methods and Commercial Risk

1. The main payment methods a factory meets, from advance payment to open account
2. Where each payment method sits on the risk spectrum between buyer and factory
3. Deciding which payment method to ask for on a new buyer relationship
4. What changes a factory's own payment risk on an order already confirmed
5. Deciding the right payment method for a new order and buyer

T15-C02 Letters of Credit

1. How a letter of credit protects a factory and what a bank actually promises
2. Reading a letter of credit's own terms before accepting an order against it
3. Common letter of credit discrepancies and why a bank can refuse payment over them
4. Amending a letter of credit before its own documents are presented
5. Building a complete letter of credit document checklist for a shipment

T15-C03 Material and Order Finance

1. Why a factory needs financing between buying material and being paid
2. The main ways a factory finances material purchase before a buyer pays
3. Calculating the financing gap for a confirmed order from deposit to payment
4. What happens when order finance is not repaid on the date it was due
5. Building a complete order finance plan for a confirmed order

T15-C04 Working Capital and the Cash Cycle

1. What working capital measures and why a growing factory can still run short of cash
2. Calculating a factory's own cash conversion cycle from its real operating days
3. Shortening the cash cycle without changing what the factory actually makes
4. How a new order's own payment terms change a factory's working capital need
5. Building a complete working capital and cash cycle sheet for a factory

T15-C05 Receivables Finance and Credit Insurance

1. Turning an unpaid invoice into cash before its own due date
2. What credit insurance covers and does not cover on an open account order
3. Deciding whether receivables finance is worth its own cost on a given order
4. Deciding the right receivables finance or credit insurance option for a live order

T15-C06 Foreign Exchange, Guarantees and Financial Risk

1. How a currency move between confirmation and payment changes a factory's real margin
2. The main ways a factory can reduce its own exposure to a currency move
3. What a bank guarantee promises a buyer and what it costs the factory to hold
4. Building a complete financial risk sheet for a new export order

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