5 learning hours
CTFP Elective Course
General practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.
This Advanced Letters of Credit course will take an in-depth look at how standby letters of credit work, many of the purposes for which they can be used, the rules and regulations governing them, and problems that can arise around them.
Participants will learn why it is so important to word standbys properly and how to protect themselves against problems.
Module 1 Competing Rules for Standbys
Module 2 Laws Governing Standby Letters of Credit
Module 3 Regulations Governing Standby Letters of Credit
Module 4 Overview of the ISP
Module 5 The ISP98 Model Forms
Module 6 Dissecting a Standby L/C Application
Module 7 Standby L/C Issues
Module 8 Other Areas of Concern
Module 9 Case Study
This eLearning course will include a self-assessment tool to help you prepare for the Certified Trade Finance Practitioner (CTFP) final examination if you choose to obtain this certificate. The passing grade for the final examination is set at 70%.
What is an ICC Academy online course?
ICC Academy courses are delivered via our Learning Management System (LMS) using innovative tools for combining digital learning with industry-centric community discussions.
Our courses are available for purchase individually or as pre-designed packages (ie: Certificates) and are delivered exclusively online. They include videos, animations, case studies, and a self-assessment section and are available to take at any time—anywhere in the world.