Calendar of Events

Letters of Credit

04/04/2018, 1:30 PM to 3:30 PM

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Letters of Credit


Presented by Robin Russell
Wednesday, April 4th, 2018
1:30 pm - 3:30 pm CT

This is the description from the webinar that was presented in April 2017. Please check back for a modified description. Topics may be updated, but registration is now open.

What you will learn

  • 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
  • Assignment and transfer of letters of credit
  • 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
  • Common letter of credit problems
Register here