Training Course

  • Documentary Credits Masterclass – Lagos

    Date posted

    Provider

    Cost

    Course dates

    1 December 2017

    GTR Training

    US $1299

    31/01/2018
    - 01/02/2018

Course Summary

Despite increased digitalisation, Documentary Credits still play a pivotal part role in International Trade, particularly for commodities and developing markets.

This intensive seminar will provide a practical and interactive analysis of regulation, practice and risk in International Trade and Documentary Credits with particular focus on commodity finance.

LIBF
Attendance earns 10 LIBF PDUs / CPD hours

Synopsis of course

What will be covered?

  • The financing of international trade
  • Practical interactive case study: Issuance of documentary credits – how to get it right
  • UCP 600 – key articles analysed
  • An analysis of specialised documentary credits (including Back to Back, Transferable, Red Clause, etc)
  • Letters of indemnity in oil transactions: Key considerations and risks to avoid
  • International Standard Banking Practice for the examination of documents under UCP 600 (ISBP 745)
  • Practical interactive case study: key elements for document checking
  • Update on financial crime, fraud prevention, together with KYC and AML initiatives in international trade
  • How to balance the autonomy principle of documentary credits with the challenges of regulation, compliance and fraud

Who should attend

  • Trade, export and commodity finance practitioners
  • Corporate bank relationship managers
  • Staff within compliance, credit and risk management functions
  • Relationship managers within financial institutions
  • Documentary credits and trade operations personnel

About the training provider

  • Senior banker & trade finance specialist with 35 years experience of origination, negotiation, structuring, risk management and regulation
  • Co-Chair of the ICC Commission on Banking Technique and Practice’s Consulting Group on the most recent revision of the UCP and ISBP 745
  • Former Chair of the Association of Foreign Banks Trade Finance Committee
  • Chairman of the ICC UK Banking Committee and member of the ICC Banking Commission, the ICC Financial Crime Committee and the joint ICC/BAFT/Wolfsberg Drafting Group
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