A Banker's Guide to Letters of Credit

This webinar provides an essential understanding of letters of credit. Whether your bank issues letters of credit, accepts letters of credit, or takes liens on letters of credit rights, this program is for you.

Recorded Wednesday,
February 7th, 2024
Presented by Robin Russell
2h total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Commercial/Business Lending
  • Lending
  • Risk Management/Legal
  • Consumer Lender/Retail Banker
  • Credit Analyst
  • Customer Service Representative
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Risk Manager
  • Senior Management
  • Small Business Lender

Save on annual training costs with our Webinar Subscription Service and share webinars across your entire organization.

Become a subscriber

Learn about upcoming events, webinars and discounts.

Sign Up For Email Notifications

Using proper letter of credit practices can help your institution provide excellent customer service and minimize risk. This webinar offers a comprehensive look at letters of credit, including letter of credit terminology, structure, and function. Both commercial letters of credit and standby letters of credit will be discussed, including their content, conditions precedent to payment, and the mechanics of their actual presentment for payment. Bankruptcy issues and common problems will also be reviewed.

What You'll Learn

  • The Uniform Customs and Practices (UCP) for documentary credits
  • Presentment for payment
  • Letter of credit rights and liens on letter of credit rights
  • Letter of credit facilities in loan agreements
  • Letters of credit issued by banks that later fail
  • Article 5 of the UCC
  • Assignment and transfer of letters of credit
  • Letters of credit vs. guarantees
  • Letters of credit in bankruptcy

Who Should Attend

Loan officers, operations officers, credit administration personnel, and others involved in the letter of credit function will find great value in this course.

Robin Russell

Instructor Bio

Robin Russell has practiced law for 35 years and is licensed in Texas, New York, and Massachusetts, and has extensive experience in the energy sector, having been named to Oil and Gas Investor's 25 Influential Women in Energy in 2019. She is a fellow in the American College of Bankruptcy and of the American Law Institute. She combines a depth of experience in bankruptcy restructuring and litigation with financial transactions. She has represented corporate debtors, independent directors, liquidating trustees, bondholders, unsecured creditors' committees, bank groups, private equity funds, landlords, trade creditors, and bidders for estate assets in Chapter 11 and Chapter 7 bankruptcy proceedings. She has also represented banks, institutional lenders, and corporate borrowers in commercial loan transactions and debt restructurings.

Robin is the principal author of Thomson Reuters' Texas Practice Guides for both Creditors' Rights and Financial Transactions and the Texas Bankers Association's Texas Secured Lending Guide, Texas Problem Loan Guide, Texas Real Estate Lending Guide, and Texas Account Documentation Guide. She is a frequent speaker on banking, bankruptcy, and financial restructuring-related topics and has served as a Chapter 7 Trustee. Robin received her LL.M. in Banking Law from Boston University and her J.D. from Baylor University where she was Editor-in-Chief of the Baylor Law Review. She clerked for the Texas Supreme Court before beginning her legal career.