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.
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.