IBS

INSTITUTE OF BANKING STUDIES (I)

 

LETTERS OF CREDIT (LC), UCP 600, ICC Rules,
International and Commercial Banking

Through seminars, workshops, training, publications and advisory services

 

 

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Programmes and Courses offered

Past programmes, lectures and workshops

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INDEX OF PROGRAMMES

Mastering payment risks, LCs and the UCP

Understanding the UCP through case studies

All About UCP 600

LCs for export and import

Bankers' guide to LC

Managing risks in international trade and international payment

Practical issues in LCs and the UCP

Fundamentals of international banking

Remittance, clean collections, documentary collections

Overview of forex dealing and treasury operations; exchange rate mechanism

Know Your Customer (KYC) and prevention of money laundering

Commercial Bank Management

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 PROGRAMMES OFFERED

 

Topics include:

  • Trade finance, letters of credit (LC), related rules and regulations

  • The ICC Rules: Including UCP 600, URR 725, URC 522, ISBP 681, eUCP, ISP 98

  • Commercial Bank Management

  • All about remittances, 'collections' and related ICC rules

  • Comprehensive courses on international banking and foreign exchange

  • Overview of treasury and dealing room operations

  • Programme for the legal profession handling matters related to international trade. (Go to  item #11)

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  1. See below for respective course details.

  2. The list is indicative. Workshops and seminars are on offer also on other subjects. E-mail to rnbose@vsnl.net with your requirements or for more information.

 

 

 

WORKSHOPS/TRAINING PROGRAMMES on
FOREIGN EXCHANGE, INTERNATIONAL & COMML. BANKING
(Course outlines are indicative )


 

 

(1) PROGRAMME: MASTERING PAYMENT RISKS, LETTERS OF CREDIT & UCP 600

 

Everything you ever wanted to know about Letters of Credit (LC), from the author of the books titled "An Introduction to Documentary Credits" and "All About UCP 600".

This programme provides a total understanding of every aspect of LC operation, management of risks in international trade, international systems of trade settlement, the application and use of LCs in international trade, the rules of the game and the tricks of the trade, problem LCs, dangerous LCs, how to make the best use of LCs, the application of UCP 600, URR 725, reducing discrepancies in documents through the use of ISBP (ICC 681), and other essential information to help you gain competitive advantage in negotiations and international trade settlements.

Suggested time frame: A minimum of two full days.

 

CONTENT:

  • Risks in international trade

  • Methods of payment, risk comparisons

  • Definitions, types of LCs, confirmed LCs, restricted LCs

  • Back-to-Back LCs, LCs in Transit Trade & Merchanting Trade

  • Documents, discrepancies in documentation, dealing with discrepancies

  • Problem LCs, dangerous LCs, dealing with problem LCs

  • Amendment, extension of due dates, reimbursement clauses

  • Issues affecting exporters/importers

  • Financing foreign trade

  • Background to UCP 600, implications of the changes, clauses compared with UCP 500

  • Incoterms (CIF, C&F, FOB etc.)

  • ISBP (ICC 681)

  • URR - ICC 725 (Rules revised with effect from 1 October 2008)

  • Rules for Collection (ICC 522)

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(2) PROGRAMME: UNDERSTANDING THE UCP THROUGH CASE STUDIES

Actual case studies, taken from various archives and publications, have been used to illustrate and highlight the complexities and intricate aspects of the individual articles of the UCP. The special feature of every article has been brought out through these case studies.

 

CONTENT:

  1. Critical analysis of key Articles of the UCP through cases referred to the ICC Banking Commission

  2. Presentation and critical analysis of their decisions on critical issues

  3. Implications of their decisions and advices on banking operations

  4. Useful tips for exporters and importers

 

 

 

(3) Programme : ALL ABOUT UCP 600

Outlines the evolution of UCP 600, key issues that shaped the UCP, problem articles and the manner of their final disposal, analysis of the articles of UCP 600, and their comparison with UCP 500. The programme is essential for full understanding of the articles of UCP 600 and their implications.

 

content:

  1. Evolution of UCP 600

  2. Key issues that shaped UCP 600

  3. Implication of the changes in UCP 600

  4. Rationale of new clauses in UCP 600

  5. Clauses of UCP 500 and UCP 600 compared

  6. ‘Negotiation’, ‘Payment’, (Without) Recourse etc. defined

  7. Grey areas still to be resolved

  8. Overview of International Standard Banking Practice (ISBP), ICC Publication No. 681

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(4) Programme: Letters of Credit for export and import

The programme provides an in-depth analysis of all major issues concerning LC operation, a review of the critical articles of the UCP, issues regarding confirmation, reimbursements, recourse payments, methods for error-free documentation, problem LCs; in brief, how to get the best out of an LC in international trade.

 

 

(5) PROGRAMME: Bankers’ Guide to Letters of Credit

This programme takes all those involved with international trade and Letters of Credit through the various stages of LC operation, from their definitions, handling application, issue, transmission, advising to presentation and examination of documents, handling discrepant documents, till the final extinguishing of bank’s liability.

The programme familiarises the participants with applicable rules and procedures, the pitfalls and problems areas, and offers insight into the application of the articles of the ICC Rules through suitable examples, illustrations and case studies.

 

 

(6) PROGRAMME: MANAGING Risks in International trade & international payment

The programme provides a complete analysis the risks in international trade, compares the various payment systems and the remittance options in use throughout the world. The programme provides a deep insight into the world of Letters of Credit, introduces and analyses the various types of LCs, their uses in international trade negotiation and their utility in global trade settlements.

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(7) PROGRAMME: Practical Issues in Letters of Credit and UCP 600

Significant changes have been introduced in the new UCP since 1 July, 2007. This programme offers what every exporter, importer and the banker should know about the new rules of the game. From the author of the book "All About UCP 600".

 

 

(8) PROGRAMME: FUNDAMENTALS OF INTERNATIONAL BANKING

The programme covers the entire gamut of foreign exchange business. It provides and insight into the mechanisms of international remittances, the NY clearing systems, CHIPS, CHAPS, the rules for ‘collection’ and ‘immediate deposits’, how Nostro & Vostro accounts work, correspondent banking, exchange rate mechanism, various definitions, cross-rates, forward contracts, swaps, options, trade finance options, the untold story about transaction pricing and methods for profit maximisation. Very useful for everyone who wants to have an in-depth understanding of the mechanisms of international banking business.

COURSE CONTENT:

  1. Mechanics of international banking

  2. Remittance techniques

  3. Correspondent banking

  4. Clean instruments

  5. Pricing of products and services, cost control

  6. Reconciliation of Nostro accounts

  7. Exchange rate mechanism, definitions, structures,

  8. Exchange profit calculation

  9. Dealing room and Treasury operations

  10. Forward contracts, Swaps, Futures and Options

  11. RBI and FEDAI guidelines for dealing room operations

  12. Risk management in international banking

  13. Documentary Credit and trade finance: UCP 600, analysis of key clauses, UCP 500 & UCP 600 compared

  14. Financing international trade

  15. Overview of ICC Rules viz.,  ICC 522, ICC 725, ISBP 681, ISP 98

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(9) Programme : REMITTANCE, CLEAN COLLECTIONS, DOCUMENTARY COLLECTIONS

 

For : Bank personnel presently handling or likely to handle foreign exchange and international banking business, including trainers and faculty members, students and bank job applicants

 

Course content

1. The mechanism of international fund transfers

2. The worldwide system and set up

3. Remittance techniques, options and procedure, rules of the game

4. Clean instruments: Processing clean instruments

5. Clean ‘collection’

6. Reconciliation of Nostro accounts

7. Pricing of services, cost control

8. Clean and Documentary Collections

9. Correspondent banking
        As potential profit centre
        Marketing bank’s services
        Dealing with representatives of foreign banks
        Negotiating with correspondent banks                                                                 

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(10) Programme : OVERVIEW OF FOREIGN EXCHANGE DEALING AND TREASURY OPERATIONS, EXCHANGE RATE MECHANISM

 

For : Bank personnel in dealing room, treasury, merchant desks

 

Course content

1. Introduction to foreign exchange and international banking

2. Banks and the foreign exchange market

3. Dealing room and settlements – organizational and operational set up

4. Factors Influencing exchange rates, exchange rate mechanism,

5. Risk management, Positions

6. Dealing strategies

7. Forward contracts

8. Introduction to Swaps, Futures and Options

9. RBI and FEDAI guidelines for dealing room operations

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(11) Programme: FOR THE LEGAL PROFESSION: RULES OF THE INTERNATIONAL CHAMBER OF COMMERCE (ICC) RELATED TO INTERNATIONAL TRADE (with special focus on the UCP, urr, urc, isbp, incoterms)

 

This programme aims to share with the  members of the legal profession engaged in disputes related to LCs and international trade, on the following:

  • Every aspect of Letter of Credit operation

  • Methods of payment, ICC Rules for Collection

  • ICC Rules on documentary credit operation 

  • Rules regarding documents and documentation

  • Discrepant documents

  • Other critical issues, ICC Guidelines and Opinions

The programme includes case studies to help analyse the implications of the applicable ICC Rules, practices and procedures.

 

 

 

(12) Programme: COMMERCIAL BANK MANAGEMENT

 

A 36 hour full-feature course covering all aspects of commercial banking, designed for management institutes, MBA students of business schools, and institutes offering  courses in banking and finance to aspiring bankers.

 

Course HIGHLIGHT:

  1. The Nature of the Financial System in India

  2. Non-bank Financial Intermediaries and Statutory Financial Organizations

  3. Money Market & Financial Instruments - overview

  4. Evolution of Commercial Banking in India

  5. Legal Aspects of Banking

  6. Management of Banking Organisations

  7. Banking Products and Services

  8. Financial Management

  9. Income-expenditure management

  10. Asset-liability Management

  11. Fund Management in Banks

  12. Credit Management

  13. Banking Operations, Payment System

  14. HR Management

  15. Rural Finance and Development

  16. IT Management, MIS

  17. Marketing Management

  18. Risk Management

  19. Audit and Inspection

  20. Future Trends in Banking

 

 

 

 

Organisations are invited to contact us for faculty support with courses and training programmes on any of the modules listed above.

 

Programmes could be customised to the requirement of an institution or target group.

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Contact information

Telephone: (+91 33) 23582976 / (+91) 9830402343

Mail to: BE-337, Sector 1, Salt Lake City, Calcutta 700064, India.

E-mail: rnbose@vsnl.net

 

 

 

 

 

 

 

Home

 About Us Past Programmes  Books and Articles Books

 

 

 

With the students of MFS, Semester II of Goa University, Goa, after a lecture on 19 January 2009.

 

 

Workshop on Letters of Credit (LC) - organised by Cochin Chamber of Commerce, Cochin (23 May 2007)

 

 

 

 

 

Seminar on UCP 600 - by Cochin Chamber of Commerce, Cochin (18 April 2007)

 

 

 

Two-day workshop on Mastering LCs, by Indian Chamber of Commerce, Calcutta (4 & 5 Oct 2007)