This webinar provides an essential understanding of letters of credit, including letter of credit terminology, structure, and function. Whether your bank issues letters of credit, accepts letters of credit or takes liens on letter of credit rights, this program is for you.
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.
Who Should Attend
Loan officers, operations officers, credit administration personnel, and others involved in the letter of credit function.