Part of the Certified Trade Finance Professional (CTFP)

Advanced Documentary Credits - eCourse

This letter of credit training course provides a detailed review of documentary credits, from structuring and issuance to document verification to financing and settlement

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ACCREDITED BY

LEARNING OBJECTIVES

By the end of this online letter of credit training course you will be able to:

Understand the basic transaction flow of a documentary letter of credit.

Recognise the importance of a well-managed application process.

Analyse document verification and discrepancy management, and the role of UCP, ISBP, and judicial decisions.

Compare and contrast sight and usance DCs and their impact on cashflow

Identify the difference between a transferable DC and back-to-back DCs and the purpose of each.

Gain a high-level understanding of the roles and relationships of key parties to a transaction.

Identify the nature of documentary requirements that can arise under a documentary credit (DC)

Discover the role of export credit agencies and multilateral development banks.

Understand the mechanics of document preparation and presentation.

Recognise that DCs can be issued with numerous features to make them adaptable to various trading needs and conditions.

COURSE STRUCTURE & CURRICULUM

Access period

12 months

Duration

5 hours

Credits/CPDs

5 points

Parent Certificate

CTFP

Lessons

Language

English

Lesson 1: Key Features and Transaction Flow

Lesson 2: Application and Issuance

Lesson 3: Advising and Confirming

Lesson 4: Documents and Discrepancies

Lesson 5: Negotiation, Financing and Settlement

Lesson 6: Selected Features

Lesson 7: Case Studies

Lesson 8: Assessment

Who should take this course?

This online letter of credit training course is designed for 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.

Case studies

Learning is easier with practical examples and we've included a whole lesson dedicated to two case studies

Study guide

A downloadable study guide will help you recap the key points offline and access additional resources

COURSE AUTHOR

Alexander 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. He 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.