We have the pleasure to inform you that ICC Bangladesh is going to organize a day-long Workshop on International Factoring for Foreign Trade in Dhaka on Monday, 13 April 2015. The Workshop will be organized by jointly ICC Bangladesh, Factors Chain International (FCI), The Netherlands; the Asian Development Bank (ADB), Manila and Bangladesh Institute of Bank Management (BIBM).
In the context of on-going global financial and economic crisis, banks and businesses need to take stringent measures to ensure that their sales transactions are watertight. Trade finance is critical for supporting global trade flows, which totaled around US$18 trillion in 2011, according to ICC Global Trade Finance Survey. International factoring is being adopted by most of the countries around the world for better and smooth trade finance. Factoring in South Asia as a region in general and Bangladesh in particular has been very limited, whereas factoring in most other regions of the world has exploded with the shift towards open account trade. The Factoring Volume Figures for 2011 in the region are quite limited, and there is no real “feel” for the actual market size in Bangladesh. It is estimated that the factoring volume in 2011 in neighboring markets like India and Sri Lanka are likely to exceed US$3.6 Billion and US$550 million respectively. The annual factoring receivables volume globally (both domestic and international combined) in 2013 exceeded US$2.43 Trillion, and cross border factored receivables of approximately US$392 billion.
The aim of the Workshop is to allow the officials of government agencies, regulatory authorities, Bangladesh Bank, commercial banks, and entrepreneurs to learn more about factoring in general and international factoring in particular, its benefits and growth potential. It will also provide an opportunity to interact with the members of the FCI Executive Committee, representing experienced factoring executives from around the world.
We are happy to inform that participants who have passed Certified Documentary Credit Specialists (CDCS) Examination will be entitled to get 5.5 Professional Development Unit (PDUs) for re-certification by attending this Workshop.
It is our pleasure to announce that the Workshop will be conducted by four very eminent resource persons on the subject, namely FCI Chairman Mrs. Daniela Bonzanini; FCI Executive Committee Member & Chairman FCI Legal Committee Mr. Michel LeBlanc; FCI Secretary General Mr. Peter Mulroy and Relationship Manager, Trade Finance Program, Asian Development Bank Mr. Edward Faber and Professor and Director (RD&C), Bangladesh Institute of Bank Management (BIBM) Dr. Prashanta Kumar Banerjee.
Venue: The Westin Hotel, Dhaka
Registration Deadline: 2015-04-05
Registration Fee :15,000
Method of Payment :Please send names and addresses of your nominees along with registration fees thru? Pay Order/AC Payee cheque in favour of ICC Bangladesh addressed to the Secretary General, ICC Bangladesh, Suvastu Tower (6th Floor), 69/1, Pantha Path, Dhaka-1205 by