Securing Trade Financing: To Supplement Conventional Banking Facilities
- The Alternative Form of Financing That You Might Just Overlooked
Date: 15th-16th December 2008
Venue: Legend Hotel, Kuala Lumpur, Malaysia
Why most companies only resort to the conventional facilities, like overdraft and term loan, for their business expansion? There are other forms of banking facility that these companies can avail to and supplement their normal and existing facilities. Though some companies have been exposed to trade financing such as letters of credit and trust receipts, most businessmen, including accountants, are unfamiliar with bills discounting, banker acceptances and export credit refinancing.
Thus, they miss a golden opportunity to seek the cheapest form of financing for their businesses. They too need not have to rely on their collaterals, if they don’t have, to support their application for trade lines.
The government of Malaysia, in order to expand the export sector, had for a long times been encouraging the banks to offer these trade lines at a very low rate of interest. Banks are also convinced to be easy with the limits and terms of these trade lines. Thus the gearing of company and the margin of advance against value of the collateral are unbelievable, depending on each bank’s policy.
Objectives
- Learn most types of trade financings
- Use trade lines to negotiate for more
funds with as little emphasis on collaterals
to support - Rely on the bill of exchange and the bill
of lading to repay the trade lines
- Learn how the banks consider your application for trade lines
- Negotiate for the best-mix of trade lines to sustain your growth
- Choose the most suitable modes of extending your credit terms to your overseas buyers
- Compare the current modes of credit extensions given by your overseas sellers
- Seek protection from the existing laws
Who Should Attend
Finance Managers, Accountants, Financial Controllers, General Mangers, CFO, COO, CEO, and Directors
The Expert - Mr aGEE Lee
aGEE Lee has more than 22 years of experience in the commercial banking in Malaysia and has worked in Malayan Banking Berhad and seconded to Kwong Yik Bank Berhad in 1980 to set up a Legal Documentation Department.
He started as a trainee officer moving up to Branch Manager, Loan Manager managing Corporate and Commercial Loans and finally as Head of Loan Recovery Division bringing down NPLs to RM65m from RM800m. He also worked in a property development company, then constructing a condominium and Nilai 3, for 2 years, and involved in a manufacturing company before working for 2 years in a construction company, executing federal contracts on roads, schools and colleges, in Kota Kinabalu, Sabah. Besides marketing and approving the commercial loans, he was instrumental in setting up the Loan Recovery Section supervising about RM1.9b NPLs and was involved in structuring loans and lecturing modules on debt collecting and legal documentation on securities for 13 years.
His last appointment was with Hong Leong Bank Berhad in 2003/4 as Head of Remedial Management Department. aGEE Lee holds Honours Degree in Economics (major in Business Administration) from Universiti Malaya, Associate of Institute of Bankers (London), Diploma in Marketing Management (NPC) and Certificate in Financial Planning (MII). He is now a Training Consultant for IBBM, MIA and Banks in Malaysia and Vietnam. Currently he has been giving talks on practical topics that will boost skills and confidence of participants.
Workshop Format
HRDF
This workshop is HRDF SBL Scheme Claimable.Call Us Now!
Do not miss this professional training - The investment is only RM 1690 per delegate, and RM 1590 for the early bird fees (register before 14th November 2008), It's a small investment in future success. If you would like to have more information or would like to know about the fees for group registrations, please do not hesitate to contact us now.
Tel : (603) 40216000
Fax : (603) 40235716
Email : admin@gin-my.com
