Trade Finance Training Suite contains a bundle of 5 of our Trade Finance online training products. Purchasing 5 individual courses would usually cost EUR1500 (300 euro per course), this product offers the 5 courses at a discounted total price of EUR800. 

The content for each of our courses is written by the world’s leading experts in trade finance:

  • COLLECTIONS: Beginners training in Collections and URC 522
  • MENTOR 600: Comprehensive training in UCP 600 and Letters of Credit
  • DC MASTER: Advanced training in Letters of Credit
  • ISP MASTER: Advanced training in ISP98 & Independent Undertakings
  • URDG MASTER: Advanced training in URDG 758 & Demand Guarantees
Number of teaching lessons : Duration : + 50h
Level : From beginner to advanced Language: English
Credit category : 24 CPDs

You will need to complete an assessment for each course.

Collections: A comprehensive assessment is provided so users can test their knowledge of URC 522 and collections procedures.

Mentor 600: The assessment enables the trainee to test their understanding of Letters of Credit and UCP 600.
In each attempt of the assessment the trainee is presented with 40 multiple choice questions randomly selected from a database of questions. Full feedback is provided on all questions after each attempt.

DC Master: An advanced assessment covering key areas of UCP 600 and international standard banking practice.

ISP Master: This module provides a comprehensive assessment for trainees to test their knowledge of standby credit practice and ISP98.

URDG Master: This module provides a comprehensive assessment for trainees to test their knowledge of demand guarantees and URDG 758.

  • COLLECTIONS: Beginners training in Collections and URC 522
  • MENTOR 600: Comprehensive training in UCP 600 and Letters of Credit
  • DC MASTER: Advanced training in Letters of Credit
  • ISP MASTER: Advanced training in ISP98 & Independent Undertakings
  • URDG MASTER: Advanced training in URDG 758 & Demand Guarantees
Collections - Comprehensive training in Documentary Collections (URC522)

The training outlines the different methods of settlement available in international trade before going on to examine documentary collections and URC 522 in detail.

3 Interactive Lessons

The three interactive lessons serve to provide a firm foundation in the operation of Collection processes and the application of URC 522.

The trainee is guided through all key areas of Collections work, from the information to include in a 'Collection Instruction' to how payment is made under Collections. All learning points are linked to context sensitive provisions of URC 522.

3 Practical Case Studies

Collections online training presents three interactive case studies designed to give the user different experiences with URC 522 and real life collections procedures. The user learns by doing and follows a series of steps, taking actions and making decisions while receiving on-the-spot feedback.

*****

Mentor 600 - Comprehensive training in Documentary Credits (UCP600)

MODULE 1 – DC ESSENTIALS
This module provides a firm foundation in the understanding of the function and operation of letters of credit and their risk characteristics compared to other traditional trade products.

The areas examined include:

  • The process involved in a typical letter of credit (LC) cycle
  • Considerations when issuing an LC including workability, credit line availability and  reimbursement
  • The correct content and delivery of LC amendments
  • The correct terms and conditions to include in an LC
  • Role and responsibilities of the parties involved
  • Types of Payment: sight/deferred/acceptance/negotiation
  • Undertaking to honour or negotiate
  • Taking up documents or issuance of a notice of refusal

MODULE 2 - DOCUMENTS
This module examines each of the documents that can be presented under letters of credit and highlights how their data content must comply with the relevant provisions of UCP 600.

The areas/documents examined include:

  • Standard for examination of documents as prescribed by UCP 600
  • commercial invoice
  • bill of lading
  • sea waybill
  • charter-party bill of lading
  • combined transport document
  • air waybill
  • insurance documents
  • courier and post receipts
  • road, rail and inland waterway transport documents
  • other documents (as per sub-article 14(f))

MODULE 3 – CASE STUDIES
This module enables users to put the understanding of the operation of letters of credit and the application of UCP 600 into practice through a series of interactive case studies.

The areas covered include:

  • Completion of a letter of credit application
  • Beneficiary review of a letter of credit for workability
  • Document checking from the perspective of an issuing bank and nominated bank

MODULE 4 - ASSESSMENT
The assessment enables the trainee to test their understanding of Letters of Credit and UCP 600.

In each attempt of the assessment the trainee is presented with 40 multiple choice questions randomly selected from a database of questions. Full feedback is provided on all questions after each attempt.

*****

DC Master - Advanced training in Letters of Credit (UCP600)

Module 1: Case Studies Module
A series of interactive case studies covering areas of key importance including workability of terms and conditions in documentary credits and the correct issuance of refusal notices.

Module 2: Key Issues Module

An examination of areas of documentary credit practice that are commonly misapplied and misinterpreted, including::

  • Silent confirmation
  • Availability and expiry
  • Advance payment credits
  • Financing
  • Assignment of proceeds
  • Instalment drawings or shipments
  • Exclusions and Modifications
  • Revocable credits
  • Partial drawings or shipments
  • Originals and copies

Module 3: Variations of DCs Module
A detailed review of the function and operation of variations to commercial documentary credits:

  • Transferable credits
  • Back-to-back credits
  • Revolving and Reinstatement credits

Module 4:  Assessment
An advanced assessment covering key areas of UCP 600 and international standard banking practice.

*****

ISP Master - Comprehensive training in Standby LCs (ISP98)

Module 1: Essentials
This module examines the use of assurances in commercial arrangements, the function of dependent and independent undertakings, the roles of the parties to standby credits and the key terms and conditions that are used in standby letters of credit.

Module 2: Rules
This module provides an article-by-article analysis of the ISP98 rules and also examines the comparable provisions of UCP 600.

Areas covered:

  • Transfer and assignment
  • Obligations of the parties
  • Cancellation of a standby
  • Presentation
  • Reimbursement obligations
  • Examination
  • Expiry
  • Disposal of documents
  • Syndication/participation

Module 3: Case Studies
This module covers key aspects of standby letter of credit work, including: applying for a standby credit; reviewing the terms and conditions of a standby credit for workability; examining a presentation of documents from the perspective of a nominated bank and issuing bank; and issuing a refusal notice.

Module 4:  Assessment
This module provides a comprehensive assessment for trainees to test their knowledge of standby credit practice and ISP98.

*****

URDG Master - Comprehensive training in Demand Guarantees (URDG 758)

Module 1: Demand Guarantees
This module provides a firm foundation in the operation of demand guarantees and counter-guarantees and outlines the scope of application of the URDG 758 rules..

Module 2: URDG 758 Examined
This module provides an article-by-article analysis of the ISP98 rules and also examines the comparable provisions of UCP 600.

This module provides an article-by-article analysis of the URDG 758, including key areas such as:

  • Amendments to demand guarantees
  • Article 15 'Requirements for demand'
  • Expiry provisions
  • Governing law and jurisdiction provisions
  • Counter-guarantees
  • Force Majeure
  • Examination
  • Treatment of non-documentary conditions

Module 3: Case Studies
This module covers key aspects of demand guarantee work, including: applying for a guarantee; issuance, amendments, transfer, assignment of proceeds and payment of demand guarantees and counter-guarantees.

Module 4:  Assessment
This module provides a comprehensive assessment for trainees to test their knowledge of demand guarantees and URDG 758.

Quality
The content for each of our five courses is written by the world’s leading experts in trade finance

  • Gary Collyer, Senior Technical Adviser to the ICC Banking Commission.
  • Dr. Georges Affaki, Vice-Chair of the ICC Banking Commission & Chair of the URDG 758 Drafting Group
  • Professor James Byrne, Director of the Institute of International Banking Law & Practice and Chair of the ISP Drafting Group

Consistency
As the training is delivered online, each member of your staff can be trained to an ICC approved standard regardless of location. Every trainee receives an ‘ICC Certificate of Achievement’ on completion of a course indicating their personal results.

Convenience
The training courses come complete with a Learning Management System so organisations can easily manage allocation of the training and keep track of trainees’ progress and results.

Value for money
This Trade Finance Training Suite is a very cost effective way to train your staff.