Using the ISP98 Model Forms for Standby Letters of Credit
June 2, 2015 - Fremont CA USCompliance4all
support@compliance4All.com
Phone:8004479407
This webinar will acquaint participants with the ISP98 Model Forms and thereby prepare them to structure letters of credit that comply with the provisions of the ISP98. The program will focus on how and when to use the model forms to accomplish such objectives as automatic extensions, automatic reductions, transfer of drawing rights, confirmation, and arranging local guarantees. Why should you Attend: Understand the bare essential requirements for a well-written letter of credit Explore repercussions of poor language Develop templates and boilerplates for use in common situations Learn about variations in the ISP98 Model Forms to adapt them to complex situations Areas Covered in the Session: Model Standby Incorporating Annexed Form of Payment Demand with Statement Model Standby Providing for Extension and Incorporating Annexed Form of Payment Demand with Alternative Non-Extension Statement Model Standby Providing for Reduction and Incorporating Annexed Form of Reduction Demand Model Standby Providing for Transfer and Incorporating Annexed Form of Transfer Demand Simplified Demand Only Standby Model Counter Standby with Annexed Form of Local Bank Undertaking Model Standby Requiring Confirmation Model Confirmation of Standby Compliance4All Adam Fleaming Phone: +1-800-447-9407 Event Link: http://bit.ly/1HqtrBv support@compliance4all.com www.compliance4all.com