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Regester for 90 Min Webinar on BFSI:- Standby Letters of Credit
Presented By Complianzworld
Tuesday, January 27th at 10:00am EST
Online sale ends: 01/27/15 at 9:00am EST
Complianz World
New York, NY 10001
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Standby Letters of Credit (for Credit Managers)

Location: Attend Live Webinar
Dates: 27th-JAN-2015 : 10:00 AM PST
Duration : 90 Mins

Speaker: Buddy Baker, BFSI

Walter (Buddy) Baker, has over 30 years of experience in international trade finance. In May 2009 he joined Fifth Third Bank where he heads their Global Trade Solutions Delivery team. Fifth Third is one of the 20 largest banks in the US and provides a full range of risk mitigation and financing products for exporters and importers. Prior to Fifth Third, Buddy worked for Atradius Trade Credit Insurance, ABN AMRO Bank, Bank of America, Wachovia Bank, and The First National Bank of Chicago.

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:

  • Mechanics and Principles of Letters of Credit
  • Confirmed Letters of Credit 
  • What Is a Standby Letter of Credit? 
  • Uses for Standby L/Cs
  • Competing Rules Governing Standby L/Cs: Which to Use
  • Things That Go Wrong and How to Avoid Them
  • Tips for Using Standby L/Cs Better


Target Audience:

  • attorneys
  • credit and collection managers
  • presidents
  • vice presidents
  • business owners
  • managers
  • insurance professionals
  • lending professionals 
  • accountants
  • bankers

Please Click  hear  for More  Information

To Enroll for This Program today  please click hear

Thank you & Regards,

Kevin Roberts,

Training Manager,


Call us at this Toll Free number: +1-866-978-0800


Presented By

10:00am to 11:30am
Doors open at 10:00am

General Admission: $799.00


Complianz World<br> New York, 10001


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