1.1 INTRODUCTION

   1.2 THE CREDIT CYCLE IN INTERNATIONAL TRADE (IMPORTS-EXPORTS)

   1.3 DEFINITIONS

   1.4 ISSUANCE, ADVICE AND CONFIRMATION OF A DOCUMENTARY CREDIT

   1.5 AMENDMENT OF THE CREDIT

   1.6. EXECUTION OF THE CREDIT / PRESENTATION OF SHIPPING DOCUMENTS

          1.6.1 PLACE AND TIME OF PRESENTATION

          1.6.2 INTERPRETATIONS AND GENERAL GUIDELINES FOR DOCUMENTS AND THEIR EXAMINATION

          1.6.3 THE DOCUMENTS IN DETAIL

                1.6.3.1 INVOICE

                1.6.3.2 TRANSPORT DOCUMENTS

                         1.6.3.2.1 Road, rail or inland waterway transport document

                         1.6.3.2.2 Air Waybill

                         1.6.3.2.3 Bill of Lading (marine)

                         1.6.3.2.4 Non-negotiable Sea Waybill

                         1.6.3.2.5 Charter Party Bill of Lading

                         1.6.3.2.6 Transport document covering more than one mode of transport – Combined or multimodal transport document

                         1.6.3.2.7 Post Receipt/Certificate of Posting – Courier Receipt

                1.6.3.3 INSURANCE DOCUMENTS

               1.6.3.4 CERTIFICATE OF ORIGIN

                1.6.3.5 WEIGHT CERTIFICATE / WEIGHT LIST

                1.6.3.6 PACKING LIST

                1.6.3.7 MISCELLANEOUS CERTIFICATES AND DECLARATIONS

          1.6.4 THE DOCUMENTS AT THE BANKS

          1.6.5 EXAMPLE OF A CREDIT TEXT WITH TERMS THAT MAY CAUSE PROBLEMS

   1.7 EXECUTION OF THE CREDIT / PAYMENT

   1.8 TRIANGULAR TRANSACTIONS AND TRANSFERABLE CREDITS

   1.9 DOCUMENTARY CREDIT CHARGES

 2.1. INTRODUCTION – CONCEPTUAL APPROACH – HISTORICAL OVERVIEW

         2.1.1 Introductory Remarks

         2.1.2 Conceptual Approach to useful terms

         2.1.3 Historical Overview

         2.1.4 The shift in case law and the introduction of Article 24 of Law 2915/2001

         2.1.5 Analysis of Article 24 of Law 2915/2001.

         2.1.6 The importance of the statutory lifting of bank secrecy on deposits in the case of attachment

         2.1.7 The application of Articles 87 et seq. of Legislative Decree 17.7/13.8.1923 "on special provisions concerning public limited companies".

         2.1.8 Imposition of garnishment under the Code of Civil Procedure.

         2.1.9 General conditions for garnishment in the hands of a third party.

         2.1.10 Special conditions for garnishment in the hands of a third party.

         2.1.11 Subject matter of garnishment in the hands of a third party (Bank).

         2.1.12 Commencement of garnishment (attachment in the hands of a third party) under the Code of Civil Procedure.

         2.1.13 Content of the garnishment order

         2.1.14 The third party's declaration

         2.1.15 Special Issues (part one)

                   2.1.15.1 Consequences of the seizure of bank deposits

                   2.1.15.2 The State in the capacity of enforcing creditor – KEDE

   2.2. Special Issues (part two)

         2.2.1 Consequences of the seizure of bank deposits

         2.2.2 The State in the capacity of enforcing creditor – KEDE

                   2.2.2.1 Particularities of service

                   2.2.2.2 Exempt from seizure (Article 31 of the Code for the Collection of Public Revenue – KEDE)

                   2.2.2.3 Other special/preferential arrangements

   2.3. Special issues (part three)

         2.3.1 The position of the Bank where more than one account is held in the name of the judgment debtor-depositor.

         2.3.2. The State in the capacity of enforcing creditor – KEDE

                   2.3.2.1 Consequences of garnishment imposed by the State

                   2.3.2.2 Procedure for objecting to the third party's declaration

   2.3.3. The State as judgment debtor

                   2.3.3.1 Permissibility of garnishment against the State, Legal Entities under Public Law and Local Authorities

                   2.3.3.2 Conditions for garnishment

                              a. Seizure exclusively of the private property of the State

                              b. Submission of a letter of guarantee of equal amount by the enforcing creditor

                              c. Time limit for enforcement

   2.3.4 Concluding remarks

   3.1. Introduction to Factoring

         3.1.1 Preface

         3.1.2 Definition

         3.1.3 History

   3.2 Operation and Products

         3.2.1 Operation and types of factoring

         3.2.3 Factoring products

   3.3 Exercises – examples

   3.4. Use and Model of a Factoring Company

         3.4.1 Benefits of and barriers to adopting factoring

         3.4.2 The business community that adopts factoring

         3.4.3 Typical structure of a Factoring provider

         3.4.5 Factoring and information systems

   3.5 Exercises – examples

   3.6. Institutional response

         3.6.1 Legal aspect

         3.6.2 Tax aspect

         3.6.3 Accounting aspect

         3.6.4 Institutional supervision

         3.6.4 Factoring and the fight against money laundering (Anti-money laundering)

   3.7 Exercises – examples

   3.8. Risks for the Factor and their Management

         3.8.1 Credit Risk

         3.8.2 Credit risk hedgers (Risk sharing partners)

         3.8.3 Commercial Risk

         3.8.4 Operational Risk

         3.8.5 Market Risk

         3.8.6 Counterparty Risk

         3.8.7 Risk management policy

   3.9 Exercises – examples

   3.10. Factoring and Commercial Finance in the global market

         3.10.1 Promotion organisations

         3.10.2 Communication and training

         3.10.3 International Markets

   3.11 Trends and related mechanisms