Understanding Letters of Credit

Financial institutions that issue or accept letters of credit will find this webcast seminar useful.

This webcast seminar explains letters of credit including the parties involved and their liabilities. Also, this webcast seminar will discuss the rules regarding letters of credit that were implemented by the Uniform Customs and Practices for Documentary Credits (2007 Revision) (the “UCP 600″) on July 1, 2007.


  • Overview of parties involved in a letter of credit transaction
  • Responsibilities and liabilities associated with letters of credit
  • Comparison of commercial letters of credit verses standby letters of credit
  • Review the UCP 600 and compare it to the old UCP 500


This webcast seminar will be useful to loan officers, operations officers, credit administration personnel and others involved in the letter of credit function.


Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with “Bankers Choice,” a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. 

Credit Information

Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 hrs. CLBB/CCSR/CPB


Either Live or 6-Month On-Demand Webinar: $255

Both Live and 6-Month On-Demand Webinar: $355


Online: Click here.

Phone: Call Total Training Solutions at (800) 831-0678

Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.