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Malta, January 2019: Training and personal development programme continue to feature prominently on the training agenda of IIG Bank (Malta) Ltd. The Bank ensures that its staff are kept abreast with the ever-increasing demands of financial services particularly in the area of trade finance.
During the last two weeks of January 2019, the Bank organised a 'structured trade finance' programme for its staff and a colleague from the Commercial Bank of Kuwait. The objective of the training programme was to bring together trade finance product concepts, financing structures which are typically used to facilitate commodity flows. During this programme, attention was taken to open the communication channels between credit managers and trade finance managers who need to be fully aware of the best risk mitigation techniques to do business in a safe and prudent manner. The programme covered related topics such as pre-shipment and post shipment finance together with incoterms, risks in commodity trade contacts, documentation and regulatory compliance risk.