

Talent
Description
Standby Letters of Credit (for Credit Managers)
Speaker: Buddy Baker, BFSI
Course Description: This session will take an in-depth look at how standby letters of credit work and the reasons they sometimes don’t. Participants will learn how to protect themselves against non-payment. Course Objective: Many people think of standby letters of credit as nearly equivalent to cash. What they don’t realize is that many letters of credit don’t get paid when called upon. Most often this is due to misunderstanding how standbys work and then failing to present the documents correctly; indeed, occasionally it is not even possible to present the documents that are called for. Sometimes it is because the bank that issued the standby is ordered not to pay by a court either because the customer has gone bankrupt and payment is deemed a preference (exactly what you thought the standby was protecting you against) or because the customer claims you have no right to the payment and has managed to get an injunction. And sometimes it is because the bank that issued the standby has been declared insolvent and the regulators (e.g., the FDIC) have repudiated the standby. Course Outline:
Target Audience:
Please Click hear for More Information To Enroll for This Program today please click hear Thank you & Regards, Kevin Roberts, Training Manager, kevin.roberts@complianzworld.com Call us at this Toll Free number: +1-866-978-0800 |
Presented By
10:00am to 11:30am
General Admission: $799.00
21+
10 +1-866-978-0800 PAST EVENTS
Friday, April 3rd
Complianz World Past Event
Thursday, March 5th
Complianz World Past Event
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