Standby Letters of Credit Course Bundle
What’s included
Take your knowledge of SBLCs from foundational to advanced in eight hours by combining our two online standby letter of credit courses.
Learning objectives
The two courses in this bundle will teach you how to:
Understand the two primary principles of letters of credit.
Understand the differences between UCP 600, ISP98 and URDG 758 and when to use each.
Discuss the key differences between confirmation of a SBLC and using a SBLC as a counter-guarantee
Recognise how regulations that are specific to one country impact how banks work with banks in other countries.
Describe the potential pitfalls for issuers of SBLCs and recommend approaches that can identify and reduce risks.
Identify when a letter of a credit is a commercial DC or a SBLC.
Compare and contrast SBLCs with demand guarantees and understand how a SBLC can be used to arrange the issuance of a guarantee.
Explain the purpose of the capital adequacy regulations found in Basel III.
Explain the key elements that need to be included in every SBLC and those that should be rejected.
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FAQs
Answers to your most commonly asked questions.
This course bundle is a way of gaining specialist expertise in a specific area of trade finance. However, there is no exam so this is not a certification, although you will earn a Letter of Completion for each course when it is completed.
If you are interested in a earning a certification, then the introductory course in this bundle is part of the curriculum for the Global Trade Certificate (GTC) and the advanced course is part of the curriculum for the Certified Trade Finance Professional (CTFP).
A strong interest in trade and trade finance is recommended and all candidates need to be able to read and write in English.
Your purchase includes 12 months access to both courses and all the lessons. You can access the courses and lessons as many times as you like within the 12-month access period.
This course is accredited by the London Institute of Banking and Finance (LIBF), the Institute of Banking and Finance Singapore (IBF), The Bankers Association for Finance and Trade (BAFT) and the Global Trade Professionals Alliance (GTPA).
Due to the immediate availability of our course content upon registration, ICC Academy has a strict no-refund policy for our courses and certifications. For more details, please refer to our Terms and Conditions.
This course bundle is for:
- Middle and back-office staff at banks and financial institutions working on the day-to-day processing and delivery of guarantees (the operational side).
- Trade finance sales staff at banks, corporates and financial institutions.
- Executives from management, credit, legal and compliance functions
The two online courses in this bundle will take approximately 8 hours to complete in total (depending on your level of experience). The introductory course will take approximately 3 hours and the advanced course will take approximately 5 hours.
Candidates will have 12 months to complete the courses.
- 12-months access to both online courses and all 15 lessons
- Case studies and assessment questions – we’ll show you how to apply what you learn to real-world scenarios. Please note this is not an exam.
- Animated explainer videos
- Printable glossaries containing all the key terms for you to refer to throughout the courses
- Dedicated, full-time IT support
- Letter of Completion for each course
Yes, all our courses are taken online. This means they are accessible at any time, from anywhere in the world. Learn when and where you want.
