Advanced Letters of Credit
- Thu, August 16, 2018
Cost: Members: $95
US: 10:00am ET
About the Webinar
When properly used, commercial export letters of credit (LCs) are the best form of secure export payment terms—second only to cash-in-advance. But if companies don’t fully understand the documentary requirements of LCs, they have been known to create headaches and cause nonpayment. Bill Houck, regional manager at SBA’s Office of International Trade for the Mid-Atlantic region who will discuss letters of credit and how they work. The webinar will cover:
- Revocable vs. Irrevocable: What does it mean?
- The role of banks in the letter of credit process.
- The value of letter of credit confirmations.
- How to avoid discrepancies.
This webinar is intended for credit professionals who have a basic working knowledge of letter of credit basics, or attended Letters of Credit: The Basics on July 31.
About the Speaker
Bill Houck has more than 30 years of international trade finance, trade credit insurance and international corporate credit risk management experience. Bill has held management positions with the Export-Import Bank of the United States and private sector concerns specializing in asset-based lending, corporate credit card risk management and global capital market originations. He is currently the regional manager for SBA’s Office of International Trade for the Mid-Atlantic region based out of the Northern Virginia Export Assistance Center in Arlington, VA.
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.