Understanding the ISBP
- Tue, October 31, 2017, 10:00 - 11:00
Cost: Members: $95
Registration Includes: One telephone and web connection at one physical location
US: 10:00am ET
About the Webinar
Learn about the difficulties corporates face today within trade finance (letters of credit, guarantees, documentary collections) in relation to compliance and how to deal with these issues. Fred Dons, of Deutsche Bank, will show credit professionals how to make fewer mistakes under letters of credit via a discussion about the International Standard Banking Practice (ISBP), a comprehensive guide for handling and examining trade documents under documentary credits, and the Uniform Customs and Practice (UCP) for Documentary Credits, a set of rules on the issuance and use of letters of credit.
The UCP 600 states that a presentation must comply with the terms of the letter of credit, the UCP and ISBP so it’s important to understand the ISBP and how to use it properly. Understanding these practices will help improve presentations under letters of credit and will ensure you will be able to manage your cashflow in a much more controlled way.
About the Speaker
Fred Dons; Director, Head CTF Flow Netherlands; Deutsche Bank
Fred Dons has worked in trade finance for more than 25 years and is a member of the Dutch Bankers Association. He currently heads up the Trade Finance Commodity team.
Fred began his career in trade finance operations in 1989 with AMRO Bank before moving to Deutsche Bank in 1991. In 1994, Fred and two colleagues set up the trade finance sales department where he remained until 2002. Two years later, Fred rejoined ABN AMRO and became head of the European Document Check Team before returning to Deutsche Bank in 2006 to serve as the senior sales manager of trade finance. In 2010, he became head of trade finance for large cap sales.
Fred is a member of the International Chamber of Commerce (ICC) and the National Committee on ICC Documentary Payments in the Netherlands.
Instructions to join the Webinar will be sent to the main registrant's email address the day before. Remember! please log-in at least 15 minutes prior to the webinar commencing to ensure ample time for technical assistance if needed.