HMM
Book a meeting

Emerging Legal Problems About the implementation of international documentary credit contracts and letters of guarantee

  • Home
  • legal & security programs
  • Emerging Legal Problems About the implementation of international documentary credit contracts and letters of guarantee

Emerging Legal Problems About the implementation of international documentary credit contracts and letters of guarantee

Due to the expansion of financial and commercial activity to include all countries of the world and the speed of capital movement and flow between them, the activity relied on international documentary credits and international letters of guarantee in a way that led to the emergence of many legal problems arising from the implementation of those contracts. Therefore, this program represents a serious attempt to discuss those problems. And seeking to solve it to guarantee all the rights of customers, whether they are individuals, companies or banks. It also warns of how to protect letters of guarantee and credits from being exploited in money laundering.

Training Target

All workers in the financial and accounting departments in the field of documentary credits and letters of guarantee, bank men and those interested in spending on how to deal with credit problems, as well as specialists in combating money laundering.

Emerging Legal Problems About the implementation of international documentary credit contracts and letters of guarantee

Training Details

First day

 ÷ International Documentary Credits.

 The concept of documentary credit and its characteristics.

 ÷ Types of documentary credits.

 

 

the second day

 ÷ Documentary credit contract and its proof.

 The applicable law.

 Effect of the documentary credit contract:

× Obligations of the issuing bank

× Obligations of the customer order

× Confirmed Bank Obligations

× Beneficiary's obligations

 ÷ The legal basis for the bank's obligation to fulfill the value of the credit

the third day

 ÷ Expiry of the documentary credit contract

 ÷ The responsibility of the bank when executing the documentary credit contract: The responsibility of the bank when opening the credit - when examining the documents - before the beneficiary

 ÷ Workshops and forms for accreditation contracts

the fourth day

 ÷ International Letters of Guarantee:

× The concept of an international letter of guarantee and its most important characteristics

× Contracting and proofing the letter of guarantee

× Law applicable to the contract

× The triggers of the international letter of guarantee contract: obligations of the customer - obligations of the issuing bank - obligations of the confirming bank - obligations of the beneficiary

× The legal basis for the bank's obligation to honor the value of the letter of guarantee

× Expiry of the letter of guarantee contract

× The responsibility of the bank when executing the letter of guarantee

× Workshops and models

The fifth day

 ÷ Money laundering implementation through credits and letters of guarantee:

× money laundering concept

× Elements of the crime of money laundering

× Money laundering methods through international documentary credits

× Money laundering methods through international letters of guarantee

Training Enrollment

Code Venue Start End Price Enroll Now

Description

Due to the expansion of financial and commercial activity to include all countries of the world and the speed of capital movement and flow between them, the activity relied on international documentary credits and international letters of guarantee in a way that led to the emergence of many legal problems arising from the implementation of those contracts. Therefore, this program represents a serious attempt to discuss those problems. And seeking to solve it to guarantee all the rights of customers, whether they are individuals, companies or banks. It also warns of how to protect letters of guarantee and credits from being exploited in money laundering.