Standby Letters of Credit and Bank Guarantees

 General Information

Cost: Members: $95
Non-Members: $195

Register Now

Registration Includes: One telephone and web connection at one physical location

Time

US: 10:00am ET

About the Webinar

Do you know when to use which instrument and what the appropriate underlying rules for your business are? When you sell 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; now you have to decide what kind of SBLC you want and what rules and which laws apply. SBLCs can be beneficial in certain circumstances but there are also pitfalls to using them internationally.

In this webinar, Fred Dons, of Deutsche Bank, will examine SLBCs as a vehicle for financing account receivables. Topics include:

• 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

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.

Webinar Access

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.