Advanced Guarantees - eCourse

Learn more about the issuance of a bank guarantee, the use of counter guarantees and more complex transactions

Accredited by



By the end of this eCourse you will be able to:

Identify key elements of direct and indirect guarantees.

Identify the laws or rules that should be applied to a bank guarantee.

Identify the possibilities for termination of a guarantee and the difference between expiry date and expiry event.

Identify the minimum standards for examination of documents.

Learn what to do if not every documents is available, or if there are discrepancies.

Distinguish parties to a bank guarantee and their legal relationship to each other.

Analyse the most important features of the rules, what they cover and how they are applied.

Recognise how and when a bank guarantee comes into force.

Distinguish the preliminary requirements for an extend-or-pay request.

Identify how to prevent a guarantor from paying under a guarantee in case of fraud.


Access period

12 months


5 hours


Parent Certificate





Who should take this course?

This 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



Andrea Hauptmann

Senior Director, Head of Guarantees Department, Raiffeisen Bank International

Andrea Hauptmann Joined Raiffeisen Bank International (former RZB) in September 1984 after a short postgraduate study in Cambridge, UK, working in the documentary department on import/export LCs and since 1988 on bank guarantees. She then took over responsibility of the guarantee business in 1991 and was appointed Director in 1997 and Senior Director in 2000. She is a member of ICC Austria and a delegate to the ICC Banking Commission since 1997. She has been the elected Chair of the ICC Guarantee Task Force since March 2012 and was appointed as member of the Executive Committee of the ICC Banking Commission in October 2013.

Advanced Guarantees - eCourse

Only USD $200
  • 12-months access to all 10 lessons. Repeat them as many times as you want.
  • Online and interactive - learn at your own pace
  • Two case studies and 52 assessment questions to test your knowledge
  • Downloadable study guide for offline reference
  • Certificate of completion


Answers to your most commonly asked questions.

Have more questions? Get in touch.

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