Imagine shipping goods worth a fortune to a buyer you have never met in another country — how do you make sure you get paid? That is the exact problem documentary credits were built to solve, and it is the starting point of this Arab British Fellowship Training Academy course, designed for anyone chasing strong skills in the money markets and real experience managing banks.

Documentary credits are among the most common tools in international trade and its financing, guaranteeing both the exporter and the importer their rights as long as they meet the agreed terms, with banks acting as the trusted intermediary that carries out the agreed procedures. Banks issue a commitment to pay once the required documents arrive within the agreed conditions, which makes documentary credits a guaranteed way for sellers to receive the price of their goods from the bank itself rather than from the buyer directly.

The seller collects the value of the goods as soon as the shipping documents are submitted, without waiting for the buyer to actually take delivery.

What You Will Be Able to Do

• Supervise the preparation of registration bonds, verify their validity, and approve them before they are entered into a company's accounting books.
• Build oversight experience across documents issued by the accounting office, and carry out financial procedures as directed by senior management.
• Manage the operations and mechanisms of documentary credits with practical confidence.

Who Should Attend

• Managers of institutions and companies, plus bank managers and departmental staff.
• Businessmen and graduates of business schools aiming to build banking-management skills.
• Accountants and their assistants in banks.
• Anyone wanting to build a career inside banks and financial markets.

Module 1: Accounting Foundations

• Accounting principles, basic terminology, and recording of financial transactions.
• Double-entry (constraint) theory and the anti-budget concept.
• Important rules related to accounts.

Module 2: Working With Documentary Credits

• The concept of documentary credits and how they protect both sides of a trade deal.
• Practical working skills for handling documentary credits day to day.

A mini-master's track on documentary credits can also be arranged; contact the Arab British Fellowship Training Academy for details.

Course Dates and Locations

Sessions run across Egypt, Jordan, Malaysia, Turkey, England, France, Italy, Germany, Sweden, Austria and Denmark, plus Australia and the United States, at times that fit your schedule.

Training Formats

• Group training in the Academy's centres.
• Individual training on an integrated curriculum.
• Field training in banks.
• Theory sessions in dedicated Academy classrooms.

On completion, participants receive a certificate from the Arab British Fellowship Training Academy confirming attendance of the Documentary Credits (Basic Level) course.