The European Bank for Reconstruction and Development (EBRD) has teamed up with technology specialist Coastline Solutions to launch an online training in trade finance programme for EBRD member issuing banks.
The training will provide courses to banks in 29 countries from Central Europe to Central Asia and will be split into four comprehensive modules, two covering traditional trade products and two modules looking at advanced trade finance subjects.
The training, which looks to comply with the trade rules set by the International Chamber of Commerce (ICC), aims to ensure bank staff have the requisite skills to issue, process and honour traditional trade products in line with the ICC trade rules.
Thierry Senechal, secretary of the ICC banking commission, comments: “Promotion of the correct application of ICC trade rules is a core objective of the ICC banking commission, so we are very happy that the EBRD has chosen this training for its member banks.”
Rudolf Putz, head of EBRD’s trade facilitation programme, adds: “Providing training in ICC trade rules helps us to facilitate intra-regional and international trade in our countries of operations.”
The training will help maintain a uniform approach to trade finance requirements, as Leo Cullen, head of trade products as Coastline Solutions, adds: “The online trade training courses will allow the EBRD greater flexibility and offer a more comprehensive approach to meeting member banks’ trade training requirements.
“It will also help to ensure consistency of understanding of trade products and ICC rules across member banks.”
Last Updated May 04, 2010
Reader Comments