In the present Era the scope of practice is increasing globally, we are all familiar with the subject Trade Finance, in the changing global scenario. Its important to understand the current trend said RCM CA. Julfesh Shah on the occasion of Seminar on Trade Finance organised by Nagpur Branch of ICAI. It’s time to identify the opportunities across the globe. There are number of opportunities available in the gulf countries as well as Middle East. Its time for diverging & grab the opportunities.
Earlier, Chairman of Nagpur Branch, CA. Kirti Agrawal in her welcome address stressed the importance of protecting the receivables and highlighted that there is exponential increase in global insolvencies due to credit crunch, specially post 2009 economic crisis, In cases where short term trade finance is structured through letter of Credit. She informed the members about forth coming events of branch and requested them to take maximum benefits.
In the technical Session Executive Committee Member ICAI Dubai Chapter CA. Pankaj Mundra deliberated on the topic. He gave the participants the benefit of their knowledge and experience as experts in the arena of trade Finance. He covered Trade Finance and Associated Risk& mitigation measures , short term means of trade financing -Import LCs / Export LCs,Bills Avalization, Bankers Acceptance and Receivable Financing (Credit Insurance). The concluding part summarized the future of trade finance with interactive Q n A session. More than 50 Chartered Accountants from Banking and industry benefited from the informative and interactive session
Immediate Past Chairman CA. Ashwini Agrawal co-ordinated the proceedings while Secretary of ICAI CA. Sandeep Jotwani proposed formal vote of thanks. Prominently present on the occasion were CA. Ajit Damle, CA. Ashish Mukim, CA. P.R. Risbud, CA. Jethalal Rukhiyana CA. Deepak Arora, CA. Rajesh Jain.