Demystifying Letters of Credit: What Every Credit Professional Should Know

About the webinar:

Letters of Credit are powerful but often complex tools for managing risk in domestic and international trade. This comprehensive session takes attendees from the fundamentals to advanced applications—covering key terminology, documentation requirements and strategies to avoid discrepancies, as well as exploring sophisticated LC structures, amendments and common pitfalls. Participants will gain practical insights into working effectively with banks, navigating UCP 600 nuances and leveraging LCs to strengthen risk management across industries and global markets. Whether you’re new to Letters of Credit or looking to sharpen your expertise, this session will equip you with the knowledge and confidence to support transactions and protect receivables in today’s evolving business environment.

About the speaker:

Fred Dons, Rabobank

Fred Dons has worked in trade finance for over 35 years at various international banks like ABN AMRO and Deutsche Bank, next to working for commodity trading companies in Switzerland and Singapore.

Currently he is working as Senior Guarantee Specialist at Rabobank’s international division in the Netherlands.

Some of the roles Fred fulfilled while working within trade finance was being Head of Trade Finance Operations, Head of Trade Finance Sales, Head Commodity Trade Finance as well the Head of Structured Trade Finance.

Fred has been an active member of the National Committee for the ICC as well as the Dutch Banking Association, working on the UCP, UDRG, ISBP and other rules and regulations for Documentary Trade Finance.