Standby LCs & ISP98
JSCS announces the commencement of "The ISP98 Rules of Practice and the Standby Letters of Credit Training Course". This is an In-house training program for letters of credit practitioners.
The Course Objectives:-
A. To gain an awareness of the wide use of Standby LCs by banks.
B. To understand the different types and uses of Standby LCs.
C. To understand the sound application of the ISP98 rules in day to day banking operations.
D. To understand and appreciate the operational risks of Standby LCs.
Issues Covered:-
A. Standby Letters of Credit – Introduction and Definitions.
B. Types and Uses of Standby Documentary Credits.
C. Roles and Responsibilities of Parties to the Standby Credit.
D. Sound Application of the ISP98 Rules of Practice in Day-to-Day Banking Operations.
F. Checking Documents of A Standby LC Presentation.
G. Handling Presentation and Settlement.
H. Bank to Bank Reimbursements.
Duration: 3 Days (15 Training hours) Trainees: The Minimum number 15/Course.
Material: The Book “Standby Letters of Credit A Comprehensive Guide”.
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