Standby Letters of Credit Course Bundles (Introduction + Advanced Standby Letters of Credit)

Standby letters of credit are used to transfer risk, provide payment assurance and facilitate global trade. Through the Standby Letters
of Credit Bundle, which combines both the introductory and advanced level courses, you can learn about the different types of letters
of credit, the purpose they serve, the risks involved and how they are properly used.

In the Introduction to Standby Letters of Credit course, explore a standby letter of credit, from its process flow and best practices to the ways it differs from documentary credits. You will also gain an understanding of the basic principles that apply to documentary credits and standby letters of credit as well as how they differ.

In the Advanced Standby Letters of Credits course, discover the purpose and various ways a standby letter of credit can be used, the rules and regulations governing them, including rules such as UCP 600, ISP98 and URDG 758. This course will also take you through what makes a good standby letter of credit and how to make sure your standbys are bulletproof to avoid costly and painful surprises.

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Why take the Standby letters of credit bundle? 

• Understand the steps and underlying concepts in a commercial letter of credit transaction to build confidence and better advise clients 
• Learn to compare standby letters of credit with demand guarantees and how they can be used to arrange an issuance of a guarantee to streamline your business activities 
• Recognise the potential pitfalls for issuers of standby letters of credit to be able to recommend approaches that can identify and reduce risks