Almost everyone knows what International trade is, as well as its importance in the world today! International Trade refers to the movement of goods and services across international borders and is the prime reason for the flourishing economy of many countries around the world today. It has led to increased job opportunities, access to international markets, and more revenues and profits.
But what is international trade finance? And why is it so important? These are some of the questions we try to answer in this blog.
What is International Trade Finance?
International Trade Finance refers to the financial instruments and products that facilitate international trade transactions. These include letters of credit, export financing, documentary collections, and much more. These financial tools are extremely important because they help reduce payment risks and manage currency fluctuations to help in the smooth flow of goods and payments between exporters and importers.
The market value of the International Trade industry is valued at approximately US $24.9 trillion. Even the International Trade Finance industry was valued at US$ 45.80 billion in 2022 and is expected to grow to a total amounting to US$75.99 billion by 2030! This means a multitude of opportunities for those interested in growing their international trade finance careers!
International Trade and Finance Jobs
The field of International Trade Finance encompasses various job titles that play critical roles in facilitating cross-border trade. Some of these International Trade and Finance Jobs include Export Finance Managers, Letters of Credit Specialists, and Compliance Officers in Trade Finance among others. You may also choose to develop your international trade finance career and become a Risk Analyst in Trade Finance – Analysts who assess and manage the various risks associated with international trade, including credit risk, currency risk, and geopolitical risk. This is not all, there are many other such job opportunities that you can take advantage of in this industry.
Studies conducted worldwide show that the average annual salary of an International Trade Finance Specialist lies between $62,000 – $92,000. All this combined with the growth of the International Trade Finance Industry is expected to provide opportunities for growth and career advancement for professionals in this industry!
Best Way to learn International Trade Finance
As you can see, there are a multitude of opportunities for those interested in pursuing international trade finance careers. However, to gain access to the best opportunities and jobs, it is imperative that you have the right set of skills and knowledge.
Professional certifications like the CDCS & CITF certifications can help you accomplish this. Not only do these international trade finance certifications help develop your knowledge and skills in this field, but they are also recognized by employers and provide opportunities to network with other professionals in the field!
Below, we have discussed both these international trade finance certifications and the best way to achieve them:
Certificate in International Trade and Finance (CITF) Certification
The CITF certification, issued by the London Institute of Banking & Finance (LIBF) is a certification that focuses on the different aspects of International Trade Finance. This includes understanding the International Trade environment including contracts, guarantees, and foreign exchange risk management among others. Additionally, candidates also learn about the principles of Supply Chain and alternate forms of financing. To learn more about the CITF certification details and syllabus, you can check out our website.
The CITF certification benefits are many including Career Advancement, Industry Recognition, and Enhanced Skills in trade finance instruments and its environment. The best way to gain this esteemed certification is to enroll in a Certified international trade finance online course and receive training.
CDCS (Certified Documentary Credit Specialist)
Another important and highly recognized international trade finance certification is the CDCS certificate. This certification focuses specifically on everything concerning Documentary Credit Transactions! This includes the different types of documentary credits, parties involved in a transaction as well as the different types of risks involved.
Similar to the CITF certification, the CDCS certification benefits are also many including gaining an internationally recognized qualification and becoming an expert in documentary credit transactions! Read our blog on “What is CDCS Certification? How to get the CDCS Certification?” to learn more about how you can gain the esteemed CDCS certificate!
Why Choose Delphi?
At Delphi Star Training Center, we are committed to providing highly recognized professional qualification training programs for our students. We recognize that professional qualifications are imperative in today’s competitive world to build a successful career and gain the best opportunities. This is why we provide training courses for globally recognized qualifications in different fields. This includes certificate courses in international trade finance as well.
Both of our courses are led by highly experienced trainers with years of experience in their field. We provide online or self-training packages based on your needs. This includes access to recordings of live classroom sessions, practice quizzes, and mock exams! We also have flexible payment packages and weekend classes available. Additionally, our staff are always ready to support you and advise you on the best certification training for your career! Take advantage of the opportunities in the field of International Trade Finance today!
Enroll in Delphi’s CDCS certification online coaching, or our Certificate In International Trade And Finance (CITF) certification training program, and open the doors to success in your international trade finance career!
