- Tue, October 11, 2016
Cost: FCIB Members: $95
Registration Includes: One telephone and web connection at one physical location
Europe: 5:00pm CET, 4:00pm GMT
US: 11:00am ET, 10:00am CT, 9:00 am MT, 8:00am PT
About the Webinar
When you are selling cross border and think that using a letter of credit is too complicated, or when you want to conduct your business on an open account basis but don’t feel 100 % comfortable with the payment or country risk of the customer, a Standby Letter of Credit (SBLC) may be a viable option for you.
Deciding that you want to work with SBLCs is the easy part, but now you have to decide what kind of SBLC you want to have, under what rules and subject to what law?
This webinar will examine SLBCs as a vehicle for financing your A/R receivables. SBLCs can be beneficial in certain circumstances but there are also pitfalls to their use internationally.
Among the topics covered during this webinar will be:
• What is an SBLC?
• How are they obtained?
• Requirements for SBLCs
• Supporting documentation
• How do SBLCs differ from letters of credit?
• When to use SBLCs
• Different types of SBLCs
• How does an SBLC differ from a bank guarantee?
• Regulations governing their usage
• What are the fees?
About the Speaker
Fred Dons, Director, Head CTF Flow Netherlands, Deutsche Bank, Amsterdam, NL
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.
Participants earn 1 Education and 1 Participation Point towards the International Certified Credit Executive (ICCE) certification/re-certification.