Standby Letters of Credit Course Bundle

Combine our introductory and advanced standby letter of credit courses and save USD $50!

USD $299 - Buy Now

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THE COURSES IN THIS BUNDLE ARE INTERNATIONALLY ACCREDITED

WHAT'S INCLUDED IN THE BUNDLE

Take your knowledge of SBLCs from foundational to advanced in eight hours by combining our two online standby letter of credit courses.

Introduction to Standby Letters of Credit

Foundational course - 3 hours

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Advanced Standby Letters of Credit

Advanced course - 5 hours

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LEARNING OBJECTIVES

The two courses in this bundle will teach you how to

Understand the two primary principles of letters of credit.

Understand the differences between UCP 600, ISP98 and URDG 758 and when to use each.

Discuss the key differences between confirmation of a SBLC and using a SBLC as a counter-guarantee

Recognise how regulations that are specific to one country impact how banks work with banks in other countries.

Describe the potential pitfalls for issuers of SBLCs and recommend approaches that can identify and reduce risks.

Identify when a letter of a credit is a commercial DC or a SBLC.

Compare and contrast SBLCs with demand guarantees and understand how a SBLC can be used to arrange the issuance of a guarantee.

Explain the purpose of the capital adequacy regulations found in Basel III.

Explain the key elements that need to be included in every SBLC and those that should be rejected.

THESE BANKS USE THESE COURSES TO TRAIN THEIR STAFF

COURSE AUTHOR

Both courses in this bundle are authored by an expert from the ICC Banking Commission.

Buddy Baker

Vice President, Goldman Sachs

Mr Baker has more than 30 years of experience working with companies to finance and insure their trade receivables. He owns the consulting firm Global Trade Risk Management Strategies, which specializes in both online and on-site educational training, and designed the online training/certification programs used by the Association of International Credit and Trade Finance Professionals (ICTF), the Association of Trade and Forfaiting in the Americas (ATFA) and the Finance, Credit and International Business Group (FCIB) of the National Association of Credit Management (NACM). Mr. Baker has authored numerous magazine articles and the books Users’ Handbook to Documentary Credits under UCP600 (ICC publication no. 694), Documentary Payments & Short-Term Trade Finance, and The Regulatory Environment of Letters of Credit and Trade Finance.

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