Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

Letter of guarantee specialists.

Module 1: Letters of Guarantee

 •Introduction

 •Definition of LGs

 •Parties involved in issuing LGs and their roles

 •Types of LGs

 •The difference between Marine LG and Standard LG

 Module 2: Local Letters of Guarantee 

•Definition of local LG 

•The cycle of Local LG 

•Issuing local LG

 •Amendments of local LG

 •Cancellation of local LG 

•Review all the forms of local LG, its cycle and its amendments

 •Exercises 

Module 3: Foreign Letters of Guarantee 

•Definition of foreign LG

 •The cycle of foreign L G 

•Issuing foreign LG

 •Amendments of foreign LG

 •Cancellation of foreign LG 

•Counter LG 

•Combined LG 

•Review all the forms of foreign LG, its cycle and its amendments

 •Exercises

Module 4: Standby Letters of Credit 

•Definition of Standby LC

 •The differences among Standby LC, documentary credit and standard LG

 •Criteria of examining documents

 •Reviewing the Standby LC form 

•Exercises 

Module 5: Letters of Guarantee Securing Credit Facilities 

•Syndicated Loans 

•Letters of guarantee securing credit facilities 

•Lines of communication between LG operations and other bank departments 

•The relationship between the LG concept and the authorized limit from the Ministry of Finance 

•Characteristics of LGs

 •Review syndicated loans forms / securing LG facilities

 •Exercises

 Module 6: Legal Considerations and Letters of Guarantee

 •ICC Uniform Rules for Demand Guarantees URDG 758

 •International Standby (Letter of Credit) Practices ISP 98 (ICC publication No. 590)

 •The relationship between LGs and Standby LCs and anti-money laundering law

 Module 7: Case Studies 

•Local LGs 

•Foreign LGs

 •Standby LCs

This course hasn't been scheduled yet, however you can request for In-House training