ASSOCHAM

Master Class On External Commercial Borrowings & Trade Credits Sourcing cheaper funds has always been a challenge for the Corporates. Many times funding in foreign currency is found to be cheaper as compared to the funding in local currency provided necessary safe guards have been put in place by the Corporate. External Commercial Borrowings (ECBs) and Trade Credits are currently favourite sources of foreign currency borrowings permitted by the Reserve Bank of India. ECBs amounting to $35.9 billion have been raised by the Indian corporate during the year 2011-2012. However the RBI has been watchful about allowing rupee expenditure through ECBs because of the limitations on account of full capital account convertibility. Ideally, an increase in external debt of the country should be matched by growth in its forex reserves to maintain solvency in the long run. And also there being a currency risk involved in ECBs depreciation of the rupee may lead to a higher burden for the borrower at the time of repayment.

To update and to inform Corporates various rules, regulations and risk management issues related to the ECBs and Trade Credits , ASSOCHAM N.Delhi in association with JIMS Rohini ,N.Delhi is conducting a one day Master Class on External Commercial Borrowings and Trade Credits on 19th July 2012. The programme will have a key note address by CGM, Foreign Exchange, Reserve Bank of India, New Delhi followed by technical session by eminent speakers drawn from Banking sector

Venue & Program Duration: ASSOCHAM HOUSE 47, Prithvi Raj Road (opposite Safdarjung tomb) New Delhi- 110011 1 Day on Thursday, 19th July 2012 (10:00 AM to 5:00 PM) Target Audience

Finance Officers/ Managers working in Corporates, Banks Exporters, Importers, Trading Houses Students pursuing MBA

Learning Outcomes

External Commercial Borrowings

Trade Credits

Risk Management in ECBS and Trade Credit

ECB- Why , when and how? RBI rules related to ECBs Advantages/Disadvantages Of ECB over Rupee Term Loan Key Issues with ECB Policy

Buyers/ Suppliers Credit Sourcing Of Trade Credits RBI rules related to Trade Credits and Imports Key Issues with Trade Credits

Exchange Fluctuation Risk Various Hedging products and RBI related rules Current Volatility Scenario

Participation Fee Rs. 3,800/- per delegate. (10% discount for two or more persons from the same organization and ASSOCHAM Members). Students can participate in the program against a nominal fee of Rs. 800/- (ID card to be enclosed along with Registration Form). The enclosed Registration Form be filled and sent to us along with the participation fee through a local cheque / demand draft drawn in favour of ASSOCHAM payable at New Delhi at the following address, latest by 12th July 2012:

To Mr. Anshul Bhatia

Address Jagan Institute of Management Studies 3, Institutional Area, Sector-5, Rohini, Delhi-110085

However, advance intimation may be conveyed through email to ashok.bhagat@jimsindia.org to enable us to block the seats as the programme has limited Seats and will be available on First come First Served basis.

Thanking you, Ashok Bhagat Dean (PGDM-IB) JIMS, Rohini, Sector-5 New Delhi