Guarantees & Standby Letters of Credit in International Trade
With increasing volumes of international trade activities, keeping abreast with trends and developments in the industry remain apposite and therefore players ought to enhance their understanding and exposure to the various trade products and mechanisms to add value to their operations and avoid inherent risks which can adversely impact the bottom line.
Target Group
- Trade finance staff
- Practitioners in trade finance
- Front, Middle and Back Officers in trade operations
- Exporters, Importers, Financial and Legal Managers involved in trade finance
Objectives
Participants shall be exposed to:
- Comprehensive coverage of trade finance products
- Best practices employed in international trade finance.
- Critical aspects of trade finance in banking
- Relevant case studies
Pre-requisite
Participants are expected to have knowledge in trade related roles particularly in relationship management and trade operations
COURSE OUTLINE
- Linking the commercial contract to the banking transaction
- Various methods of payments/ settlement
- Risks and solutions in international trade
- Use of documentary collections and URC 522
- Components of a letter of credit
- Critical aspects of letter of credit practice
- Letter of credit applications
- Relevant UCP 600 and URC 725 provisions
- Non-performance in international trade; use of bank guarantees and standby letters of credit, differences and key provisions of URDG 758, ISP 98
Length / Duration
4 Days
Starting Date
27/02/2018
Ending Date
02/03/2018
Skill Family
Trade
Skill Level
Intermediate – Advanced
Format
Classroom, Instructor-led, Interactive
Delivery Source
NBC and External Consultants
Language
English
Post Course Assessment
No
Certification
Certificate of Participation
Quick Links
Location
3 odoi kwao street,
Airport Residential Area,
Accra-Ghana