Understanding Letters of Credit Webinar
This training weminar explains letters of credit including the parties involved and their liabilities. Also, this webcast seminar will discuss the rules that were implemented by the Uniform Customs and Practices for Documentary Credits (2007 Revision) (the “UCP 600″) on July 1, 2007. Financial institutions that issue or accept letters of credit will find this webcast seminar useful.
- Overview of parties involved in a LOC transaction
- Responsibilities and liabilities associated with letters of credit
- Comparison of commercial letters of credit verses standby letters of credit
- Review the new UCP 600 and compare it to the old UCP 500
Who Should Attend:
This webcast seminar will be useful to loan officers, operations officers, and credit administration personnel.
The Institute of Certified BankersTM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CCSR, CLBB, & CPB credits.
Instructor: Terri D. Thomas