A Banker’s Guide to Letters of Credit
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.
This webinar will provide bankers with an essential understanding of letters of credit, including letter of credit terminology, structure and function. Both Commercial Letters of Credit and Standby Letters of Credit will be discussed, their content, conditions precedent to payment and the mechanics of their actual presentment for payment. Bankruptcy issues and common problems will also be reviewed. There will be a 30 minute question and answer period.
- Letter of Credit Terminology
- Function of a Letter of Credit
- Structure of a Letter of Credit Transaction
- Commercial Letters of Credit vs. Standby Letters of Credit
- Contents of a Letter of Credit
- Conditions Precedent to Payment
- Presentment for Payment
- Article 5 of the UCC
- The Uniform Customs and Practices (UCP) for Documentary Credits
- Letter of Credit Rights
- Liens on Letter of Credit Rights
- Letters of Credit vs. Guarantees
- Letter of Credit Facilities in Loan Agreements
- Letters of Credit in Bankruptcy
- Letters of Credit Issued by Banks which Later Fail
- Assignment and Transfer of Letters of Credit
- Common Letter of Credit Problems
Loan officers, operations officers, credit administration personnel and others involved in the letter of credit function.
Robin Russell is a partner with the law firm of Andrews Kurth L.L.P., practicing in the areas of banking, bankruptcy and corporate finance, representing banks, insurance companies, corporate and individual borrowers in secured commercial and consumer lending transactions as well as representing debtors and creditors in bankruptcies and out of court restructurings. She is the author of The Texas Practice Guides on Financial Transactions and Creditors Rights as well as the Texas Bankers Association’s bestselling “Texas Secured Lending Guide” and the “Texas Real Estate Lending Guide.” Robin has trained over 10,000 bankers nationwide in loan documentation.
Linda Dole is also with Andrews Kurth L.L.P. She has specialized in private financing since 1978. Her transactional practice includes representation of banks, insurance companies and other institutional investors, and borrowers and securities issuers, in financing structures ranging from traditional secured and unsecured bank loans and direct placements of securities to corporate restructurings, loans to agribusiness, letter of credit-backed financing, acquisition financing, cross-border facility financing and multi-currency lending.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 hours CRCM/CLBB (self-reporting).
Member price: $265.00 | Non member price $530.00
Member price: $280.00 | Non member price $560.00
Online: Visit the CBA Webinar Catalog
Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)
1516 Xavier St., Ste 500, Denver, CO 80204
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