This course provides an overview of the legal foundations of international trade and export financing transactions. As trade and exports are the lifeblood of many of the world’s economies, the promotion of trade and export finance transactions is a critical element of many countries’ economic policy. Important instruments in this context are guarantees issued by export credit agencies (ECAs). In Germany, such ECA guarantees are granted by Euler Hermes Deutschland AG and PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft (Hermes), acting as agents on behalf of the German Federal Ministry of Commerce and Technology. This course will show key aspects of Hermes’ and other ECAs’ rules and describe the most important trade financing instruments used in cross-border banking.
Whether the participants are new to the subject or want to sharpen their existing knowledge, this course is designed to accommodate all students who want to become involved in international business deals. The course will have a very important interactive component and the lectures will rely heavily on class discussions. Therefore, participants are asked to be proactive in each class to benefit the most from it.