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23 - FNB - Finance and Banking


FNB 206 - Modern Applications of Documentary Credits

Code Start Date Duration Venue Fees
FNB 206 27 October 2019 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 24 November 2019 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 22 December 2019 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 05 January 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 02 February 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 29 March 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 26 April 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 31 May 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 21 June 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 19 July 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 16 August 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 13 September 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 11 October 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 08 November 2020 5 Days Istanbul $ 2950 Registration Form Link
FNB 206 06 December 2020 5 Days Istanbul $ 2950 Registration Form Link
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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

Course Details/Schedule

Day 1

  • 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

Day 2

  • The value proposition
  • Regulatory context – overview
  • Incoterms
  • Jurisdiction
  • Transaction/Product overview
  • Open account
  • Documentary credits
  • Guarantees and standby letters of credit

Day 3

  • Payment in advance
  • Trade finance & risk
  • Overview of selected risks
  • Mitigation options
  • Documentary Letters of Credit – definitions
  • Parties to a credit
  • Contractual relationships

Day 4

  • 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

Day 5

  • 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