3 learning hours
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 course will teach you what a standby letter of credit is (SBLC), including the process flow and industry best practices involving SBLC. In this course you will gain an understanding of how the basic principles that apply to Documentary Credits of all kinds apply to a SBLC as well as the ways in which an SBLC differs from
other types of Documentary Credits. This course will close out with a look at how industry practices pertaining to Standbys differ from those pertaining to Demand Guarantees; and how these are reflected in the rules governing each.
This course forms part of our wider trade finance programme, the Global Trade Certificate (GTC).
Module 1 How Standby Letters of Credit Evolved from Documentary Credits
Module 2 How Standby Letters of Credit Differ from Commercial Letters of Credit
Module 3 Uses of Standby Letters of Credit
Module 4 Standbys vs. Guarantees & Bonds
Module 5 Using Standby L/Cs to Arrange Local Guarantees
Module 6 Capital Adequacy (Solvency) Regulations and Letters of Credit
Module 7 Tips, Tricks, and Facts regarding Standbys
Module 8 Case Study
Module 9 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