Introduction To Documentary Credits BUY NOW

LEVEL

1

DURATION

3 learning hours

LANGUAGE

English

PRICE

US$150

CREDITS

3

CREDITS CATEGORY

Meeting Client Needs

COURSE CODE

TF 101-4

Author: ALEXANDER R. MALAKET

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TARGET AUDIENCE

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.

Course Objectives

This course provides a practical overview of the long-established but still rather esoteric trade financing instrument, the Documentary Letter of Credit, known variously as Documentary Credit, Commercial Letter of Credit, Letter of Credit, L/C,and D/C. For the purpose of this course, we will limit ourselves to “Documentary Credit” and “L/C”. Upon completion, you will have developed a good foundational

understanding of the importance of the documentary letter of credit in enabling trade, the versatility of this proven instrument in addressing a range of market conditions and a variety of client needs. You will also appreciate the strengths of this unique financial instrument, as well as the weaknesses (and a couple of misconceptions) of this mechanism.

Course Outline Image

Course Outline

Module 1 Introduction to Documentary Credits

Module 2 Selected challenges in international trade

Module 3 The continuing importance of the Documentary Credit

Module 4 Trading parties and their needs

Module 5 Rules, practices and standards: Cornerstones

Module 6 Basic Documentary Credits Transaction Flow

Module 7 Risk and the Documentary Credit

Module 8 Confirmation of Documentary Credits

Module 9 Trade Banking and Other Systems

Module 10 Capital Adequacy, Basel and the ICC Trade Register

Module 11 Assessment

ABOUT THE AUTHOR

Author Image

ALEXANDER R. MALAKET

President, OPUS Advisory Services International Inc.

Alexander Malaket is a recognized specialist in international trade and trade finance, with over 25 years of professional experience in Canada and internationally. Alexander is Deputy Head of the Executive Committee of the ICC Banking Commission (Paris), a member of the Executive Committee of the Board of Directors, World Trade Centre (Winnipeg) and a member of the Board of the Forum for International Trade Training (Ottawa).
Alexander is a member of the B20 Task Forces for 2015, the International

Affairs Committee of the Canadian Chamber of Commerce, and a “Nominated Expert” in trade finance at the UN/CEFACT, as well as a member of the ICTSD/World Economic Forum E15 Initiative. Author of “Financing Trade and International Supply Chains” published by Gower, UK in 2014, Mr. Malaket is a frequent speaker, panel chair and participant at leading industry events around the world.

Assessment

This eLearning course will include a self-assessment tool to help you prepare for the Global Trade Certificate (GTC) 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.