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GTR Training: Documentary Credits Masterclass

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GTR Training will take place after the GTR Asia Trade & Treasury Conference 2017 on September 7-8.


 

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Documentary Credits Masterclass:
Practical Issues, Risks and Challenges for in International Trade

Despite increased digitalisation, documentary credits still play a pivotal role in international trade, particularly in developing markets and commodity financing. This intensive seminar will provide a practical and interactive analysis of regulation, practice and risk in international trade and documentary credits.

This highly interactive, practical and pitch-free content will provide essential updates on latest practice.

Day 1 masterclass you will

  • Understand the financing of international trade and the regulatory and operational risks
  • Assess the parties, their roles, contractual relationships, legal obligations and responsibilities under the UCP
  • Analyse complex trade instruments & payment mechanisms
  • How and when not to use standby credits and the risks to consider
  • Identify the risks of using guarantees and how to mitigate these
  • Gain insight into best practices, pitfalls and risks on issuing a documentary credit
  • Cover the use of red and green clause credits, revolving credits, evergreen credits, transferable credits and back-to-back credits

Day 2 masterclass you will:

  • Assess the key elements of International Standard Banking Practice (ISBP) for the examination of documents under UCP 600 (ISBP 745)
  • Receive essential updates on on financial crime, KYC and AML initiatives in international trade
  • Review practical interactive case study: Checking documents
  • Analyse practical interactive case studies: Checking documents, Issuing LCs and analysing legal issues- what can go wrong?
  • Understand how to balance the autonomy principle of documentary credits with the challenges of regulation, compliance and fraud
  • Review letters of indemnity in oil transactions: Key considerations and risks
    Interactive case studies, legal and fraud issues

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

Instructor

Led by John Turnbull, Director at Certis International, Senior Banker and Trade Finance specialist with 35 years experience of origination, negotiation, structuring, risk management and regulation of the full range of international trade transactions. Formerly Joint General Manager and Global Head of Structured Trade and Commodity Finance at Sumitomo Mitsui Banking Corporation Europe Ltd, Head of Global Trade Finance, London at SBC (now UBS) and Head of Trade Finance at Paribas, London. John has acted as expert witness in a number of high-profile trade finance legal cases.

He was 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. For 10 years since its inception he was the Chair of the Association of Foreign Banks Trade Finance Committee. Chairman of the ICC UK Banking Committee and member of the ICC Banking Commission Global Financial Crime Committee and the joint ICC/Wolfsberg Committee.

Representative on many national and international trade committees, including previously a Board Member of the International Energy Credit Association in the USA, a current long-standing member of the IECA European committee and a member of the editorial board of GTR’s flagship magazine, Global Trade Review.

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PDUs/CPD credits:

Attendance earns 12 LIBF PDUs / CPD hours for participation on the two-day course and 6 for attendance of just the first day.


 

Take me back to GTR Asia Trade & Treasury Week 2017!

Address: Marina Bay Sands , Singapore

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Download the agenda here!

 
 
 
institutional partners

Sales

Email Gosia Murakowska at gmurakowska@gtreview.com

Sales

Email Gokul Bhatia at gbhatia@gtreview.com

Sorry, this event has now expired and is no longer bookable.

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