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Center for Curriculum and Transfer Articulation
International Financial Management
Course: IBS140

First Term: 2004 Summer I
 Lecture   3 Credit(s)   3 Period(s)   3 Load  
Subject Type: Occupational
Load Formula: S


Description: Development of foreign exchange and international banking, including methods of payment, export financing, and application for and administration of government loan programs, country risk analysis, and negotiation and processing of letter of credit and other payment methods



MCCCD Official Course Competencies
1. Describe the international monetary system including the international monetary fund, the world bank, and Eurocurrency. (I)
2. Describe the terms and systems used by SWIFT (I)
3. Describe the most common methods of international payment and collections, including a letter of credit, cash in advance, and sight and time drafts. (II)
4. Explain the mechanics, terminology, conditions, and payment terms of the several types of letters of credit. (II)
5. List sources for funds for multinational corporations. (III)
6. Define terminology associated with foreign exchange rates. (III)
7. Use the Internet to retrieve current currency trade values in several currencies. (III)
8. List the factors that influence foreign exchange rates, and identify relationships, such as interest rate parity, that are used to predict or explain foreign exchange rate behavior. (IV)
9. Describe the effects of change of foreign exchange rates on a multinational corporation. (IV)
10. Describe ways to manage foreign exchange risk, including balance sheet hedging, forward market hedging, money market hedging, and diversification. (IV)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.
 
MCCCD Official Course Outline
I. Historical Perspective of Growth of Financial Markets
   A. International monetary fund
   B. International banking overseas
      1. U.S. banking overseas
      2. Foreign banking in the U.S.
      3. International sources of funds
      4. Use of SWIFT
II. International Payments and Collections
   A. Drafts and documentary collection
   B. Letter of credit
   C. Cash in advance
   D. Open account
   E. Sight and time drafts
III. Foreign Exchange Markets
   A. Operation
   B. Terminology and types of rates
   C. Theories of exchange rate fluctuations
   D. Online sources of currency information
IV. Foreign Currency Rate Change
   A. Influential factors
   B. Effects of change
 
MCCCD Governing Board Approval Date:  3/23/2004

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.