Letter Of Credit L1: Basics Concepts & Fundamentals

Enroll this course to get your fundamentals straight about LC

What you'll learn
Letter of Credit - Basic concepts and Fundamentals
Requirements
Basic knowledge of Banking
Description
Are you working in Bank / Finance Department / Treasury & interested in improving your knowledge & skill set in Trade Finance?Then this introductory course is for you! Letter of Credit L1: Basics Concepts & FundamentalsIn this short course, I will be taking you through topics covering:a) Introduction to LCb) Definitionc) Parties involved in LC (P1, P2)d) What is UCPDCe) Advantage of LC for Seller & Buyerf) Issue of LCg) Types of LCh) Documents under LCI) Credit Implication of LC for BankersThis course will give you basic insight about the Letter of Credit (LC), as it plays a significant role in facilitating both Intra & inter-country transactions with various benefits to both Seller & Buyer.However, Bankers have to exercise due care because, in the event of default by the buyer to make a payment on time, devolvement of LC would come like a blow. So, strengthening basics in LC will always keep your foundation strong.This course is structured in a self-paced learning style. Requesting you to use your headphones for a better learning experience. Also, keep note pad & pen alongside to take keynotes.See you inside the course!

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Defintion of Letter of Credit

Lecture 3 Parties involved in LC

Lecture 4 Parties to LC

Section 2: UCPDC

Lecture 5 UCPDC

Section 3: Advantages

Lecture 6 Advantages of LC for Buyer

Section 4: Issue of LC

Lecture 7 Issue of LC

Section 5: Types of LC

Lecture 8 Inland LC & Foreign LC

Lecture 9 Sight LC

Lecture 10 Usance LC

Lecture 11 Revocable & Irrevocable LC Screen reader

Lecture 12 Back to Back Letter of Credit

Lecture 13 Transferrable Letter of Credit

Lecture 14 Red Clause Letter of Credit

Lecture 15 Green Clause Letter of Credit

Lecture 16 Stand by Letter of Credit

Lecture 17 Revolving Letter of Credit

Section 6: Key Matters

Lecture 18 Documents under LC

Lecture 19 Credit Implication of Letter of Credit for Bankers

Lecture 20 Risks associated with Opening Import LC

Lecture 21 LC from Exporter Point of View

Section 7: Last Section

Lecture 22 Bonus Lecture

Banking Executives,Finance Exectuvies,Finance Manager,Credit Analyst,Credit Manager,Chartered Accountant,Bank Sales Manager,Bank Relationship Manager,Finance Administrator,Financial Analyst

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