International Payment Terms & Foreign Exchange

For both importers and exporters, a working knowledge of International Payment Terms (INCOTERMS) and foreign exchange rates are essential in avoiding pitfalls of conducting international business. This workshop aims to provide you a basic understanding of the payment methods used in international transactions to reduce risk.

Agenda Topics:

International Payments Terms

Whether you are exporting or importing, it is critical that your payments be completed promptly and efficiently in order to maximize success in today’s competitive market. Learn about the range of payment methods used in international transactions to reduce risk, including letters of credit.

Foreign Exchange

This program will cover the basic concepts of foreign exchange, billing customers in U.S. dollars versus local currency and the benefits of invoicing in foreign currency. An actual foreign invoice in the buyer’s currency will be created during the seminar.

Workshop Schedule:

8:30 AM - Registration/Networking
9:00 AM - International Payment Terms
10:00 AM - Foreign Exchange
11:00 AM - Wrap Up + Q&A

More Details:

We will provide coffee and light breakfast items.
Street parking is available, but can be limited.

Presenters:
Angie Kappel, CTP, VP Foreign Exchange, Associated Bank, NA
Paul Eversman, VP Foreign Exchange & Trade Finance, Associated Bank, NA

There is no cost to attend, but registration is encouraged.

The Illinois Small Business Development Center and Illinois Small Business Development Center International Trade Center is funded in part through a cooperative agreement with the U.S. Small Business Administration (SBA), the Illinois Department of Commerce & Economic Opportunity, and the Industrial Council of Nearwest Chicago (ICNC). Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Please contact the center at (312)433-7656 or (312)433-2373.