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.
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. Materials include a detailed PowerPoint and Lenders Learn Chapter 12.
- 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 and 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
- Liens on letter of credit rights
- Common letter of credit problems
Loan officers, operations officers, credit administration personnel and others involved in the letter of credit function.
Robin Russell co-chairs the Bankruptcy & Financial Restructuring Practice at Andrews Kurth LLP. She represents banks, institutional lenders and corporate borrowers in commercial loan transactions, debt restructurings and bankruptcy proceedings. Robin is the principal author of the Texas Secured Lending Guide, Texas Problem Loan Guide and Texas Real Estate Lending Guide. She is a frequent speaker on banking, bankruptcy and financial restructuring related topics.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $590.00
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
Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)
- Preferred Payment Method: Online
- Please register online or by phone when paying with a credit card
- Payment Must Accompany Registration – Invoices are Not Provided
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.