GTB Trade Finance (Level 3)

Overview

"GTB Trade Finance (Level 3)" provides an in-depth exploration of documentary credit, focusing on pre-issuance considerations, the roles and responsibilities of banks involved, examination of shipping documents, disclaimers, and various articles related to letters of credit (LCs) under UCP600.

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Outcome

Identify pre-issuance considerations

Identify roles and responsibilities of the issuing bank, confirming bank, advising bank, and nominated bank

Identify cases for banks’ disclaimers

Identify different types of shipping documents and their examinations

Identify Letters of credit cycle

Details

Developed by: Beacon FinTrain
Total Hours: 24 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • Different types of approvals needed for LC issuance
  • Letters of Credit’s SWIFT types format and necessary fields

  • LC issuance, amendment, advising, confirmation, and settlement
  • Presentation and examination of documents

  • When UCP600 will apply
  • What’s the difference between honor and negotiation
  • The documentary credit and the contract of sale
  • Place of presentation and availability

  • Roles and responsibilities of the Issuing bank, article 7
  • Roles and responsibilities of the Confirming bank, article 8
  • Roles and responsibilities of the Advising bank, article 9
  • Roles and responsibilities of the Nominated bank, article 12

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Who Should Attend

  • Trade finance professionals seeking advanced knowledge in documentary credit
  • Bankers specializing in global transaction banking (GTB)
  • Trade operations officers responsible for LC processing
  • Compliance officers ensuring adherence to UCP600 guidelines
  • Legal professionals involved in trade finance documentation

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.