Advanced Standby Letters of Credit - eCourse

In this lesson, you will learn about the different rules for SBLCs; the UCP600, ISP98, and URDG758. This includes;

• Areas in which UCP600 does not apply to standbys.
• Some of the significant differences among UCP600, ISP98 and URDG758.
• When to use UCP600, ISP98, and URDG758 respectively.

In this lesson, you will learn the laws and regulations that apply to standby letters of credit and how these support and go beyond ICC rules.

You will also learn how regulations that are specific to one country impact how banks work with banks in other countries.

In this lesson, you will learn more about the ISP98, including;

• The rules in ISP98 that are specific to standby practice and are contrary to rules in UCP 600.
• The practices captured in ISP98 that differ from practices adopted by URDG 758.
• Some practices common to both standby and commercial letters of credit that ISP98 captures but UCP 600 does not.

In this lesson, you will learn about the ISP98 model forms and how using the ISP98 model forms for confirmed letters of credit differs from how traditional letters of credit confirmations are structured.

In this lesson, you will learn the common problems encountered by bankers who issue standby letters of credit and approaches that can identify and reduce risks and possibly provide alternative solutions.

In this section, we will take a look at 10 sample case studies that show how simple solutions can remedy problems often seen in this sector.

This section will test your knowledge on what you have learned so far. Please note, this is not an exam.