Modern Applications of Documentary Credits

Start Date: 22 Sep 2024
End Date: 26 Sep 2024
Duration: 5
Fees:
Country: Istanboul / Turkey
Category: Finance, Accounting & Investment
Details:

Course Description

This course is designed to enhance the knowledge and skills of experienced documentary credit professionals. A series of interactive case studies covering areas of key importance including workability of terms and conditions in documentary credits and the correct issuance of refusal notices as well as the use, implementation and practical applications of documentary letters of credits (LC’s) in their many forms and guises.

Course Objectives

·         Understanding the fundamental basis and importance of Documentary Credits (DC)

·         Differentiating between the various methods of payment

·         Knowing the difference between the various types of LC

·         Understanding the basic terms of trade and their relevance and importance

Who Should Attend?

·         Managers

·         Executives

·         Corporate and Commercial Bankers

·         Risk Managers

·         Trade Finance Specialists

·         Trade Operations Staff

·         Anyone Dealing with international Trade

PROGRAM TOPICS

·         Overview of Trade Finance

·         Principles of trade finance

·         Parties to a transaction

·         Roles, obligations, interests

·         Banks in Trade Finance

·         Core Services

·         Structured Services

·         Importance of banks in promoting commerce

·         The value proposition

·         Regulatory Context – overview

·         Incoterms

·         Jurisdiction

·         Transaction/Product Overview

·         Open account

·         Documentary credits

·         Guarantees and standby letters of credit

·         Payment in advance

·         Trade Finance & Risk

·         Overview of selected risks

·         Mitigation options

·         Documentary Letters of Credit – Definitions

·         Definition of Documentary Letters of Credit (L/C’s)

·         Parties to a credit

·         Contractual relationships

·         Confirmed L/C’s

·         Terms of payment

·         Transferable & Back to Back L/C’s

·         Red Clause

·         Green Clause

·         Confirmed

·         Silent confirmation

·         Other Features of L/C’s

·         Documentary Letters of Credit – Applications

·         Observations on financing

·         Factoring

·         Forfaiting

·         Buyer/supplier credits

·         International Standard Banking Practice

·         Transferable Credits

·         Red & Green Clause (Advance Payment) Credits

·         Revolving Credits

·         Evergreen Credits

·         Fraud in International Trade


The Kuwait Institute For Career Development