ࡱ> ?A> 6bjbj <%& U!U!U!U!U!i!i!i!8!!4i!/H!!!!!"""8/:/:/:/:/:/:/03:/U!""""":/U!U!!!O/b$b$b$"jU!!U!!8/b$"8/b$b$..!nii!.#.$/e/0/.:4.#4,.4U!.(""b$""""":/:/"$@"""/""""4"""""""""  : GROSSMONT COLLEGE Official Course Outline BUSINESS 256 INTERNATIONAL FINANCIAL TRANSACTIONS Course Number Course Title Semester Units Hours BUS 256 International Financial 2 2 hours lecture Transactions Course Prerequisites None. Corequisite None. Recommended Preparation None. Catalog Description This course surveys the international monetary system as it affects import and export. Students will learn about letters of credit, drafts and other banking documents used in foreign commerce. They will also examine foreign exchange rates, financing of international trade, methods of reducing financial risk and services provided by an international banker. Course Objectives The student will: Examine appropriate method of payment for each type of international transaction. Compute foreign exchange rates. Analyze the international banking system as it applies to import and export. Describe what is necessary to successfully work with an International Banking Department. Instructional Facilities Standard classroom. Special Materials Required of Student None. BUSINESS 256 INTERNATIONAL FINANCIAL TRANSACTIONS page 2 Course Content An overview of the international banking and monetary systems. Documents commonly used. Letters of credit. Drafts. Foreign exchange rates and how they apply to international transactions. Receivables insurance and its use. Methods of reducing financial risk. Organization and structure of an international banking department. Locating a qualified international banker. Correspondent banking system. Method of Instruction Lectures. Discussion. Guest lecturers. Methods of Evaluating Student Performance Quizzes. Midterm. Final written examination. Outside Class Assignments Interview an international banker and prepare a report for the class. Track movements in the exchange rates of selected foreign currencies. Reading assignments from the textbook. Texts Required Text(s): Hinkelman, Edward G. and Molly Thurmond. A Short Course in International Payments. Novato, CA: World Trade Press, latest edition. Supplementary texts and workbooks: None. Addendum: Student Learning Outcomes Upon completion of this course, our students will be able to do the following: Show knowledge and self confidence while negotiating best possible payment terms and alternatives with foreign clients. Efficiently cope with and resolve the challenges that arise when dealing with Letters of Credit received with discrepancies and errors, as well as all other standard complexities of international payment systems. Evaluate the foreign exchange forward market and adopt the best judgment in order to protect the companys profitability in the face of future payments and the foreign exchange risk associated with that future date. 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