Offered
Caulfield First semester 2008 (Day)
Caulfield Second semester 2008 (Day)
Caulfield Second semester 2008 (Off-campus)
Synopsis
The bank-customer relationship; types of account; current issues in banking law; negotiable instruments including cheques and bills of exchange; the duties and responsibilities of the paying bank and collecting bank; negotiable and allied instruments in international trade; electronic funds transfer.
Objectives
The learning objectives of this unit are to:
- Describe the key elements of the banker customer relationship;
- Critically analyse the main features of negotiable instruments and their uses;
- Define the various types of letters of credit and evaluate their effectiveness in international transactions;
- Describe the structure of the payments system in Australia with specific reference to the use of electronic payments and credit cards;
- Evaluate key current developments within the banking system in Australia based on knowledge gained within the course.
Assessment
Within semester assessment: 30%
Examination (open-book, 3 hours): 70%
Contact hours
3 hours per week
Prerequisites
BTF1010
