Bank Guarantees and Standby Letter of Credit - An Overview

Partner: Udemy
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Description: Bank guarantees and standby letter of credit are crucial instruments which are used in international trade finance. It is very important to know the concepts behind these instruments for correct and effective usage in international contracts and business. This course starts from the very basics and provides all the relevant information needed to handle the guarantee/SBLC trade desk. It also provides all the essential information for handling consulting assignments for business analysts.It covers not only the theoretical knowledge but also the practical aspects like how to use safeguard clauses in the guarantee wordings to avoid wrongful claims. It also discusses how SWIFT messages are used in guarantees and standby letter of credit, the related message types and message and guarantee examples.This course also has more than 100 questions so that you can evaluate your understanding on the subject.This course is the best choice to begin learning about guarantees and SBLCs and can be used as a stepping stone for certifications like Certificate for Specialists in Demand Guarantees (CSDG).Ideal for-Bankers handling trade finance deskBusiness Analysts/ ConsultantsAspirants of CSDGCourse Content-IntroductionWhat is guarantee and Standby Letter of Credit?Key features of Guarantee and Standby letter of credit  Parties in a demand guarantee and Standby letter of creditICC Rules for guarantees and Standby letter of creditProcess flow of a demand guaranteeProcess flow of a Standby letter of creditBroad Categories of Guarantees/ SBLCsIndependent/Unconditional/Demand Guarantees and Dependent/Conditional/ Accessory/ Suretyship GuaranteesDirect Guarantees/SBLC and Indirect/ Counter Guarantees and Confirmed SBLCsPayment Guarantees and Performance GuaranteesExport related Guarante
Category: Finance & Accounting > Finance > Trade Finance
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Price: 19.99
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Source: Impact
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