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A player in Trade Finance training

Our training courses are dedicated to the subjects of documentary letters of credit and international guarantees. They are intended for all corporate employees, providing practical and intensive training, in order that they may learn the skills required for all of their company’s day-to-day operations.

Finelia offers customised training courses taught by our course leaders at your company.

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Documentary Credit from A to Z


At the end of this training course, participants will be able to:

  • Understand the general principles guiding the way Documentary Credit works,
  • Manage the full cycle of a documentary letter of credit: from its preparation to payment,
  • Suggest appropriate plans of action necessary to reduce:
    • Delays in payment,
    • Financing costs,
    • Risks.
  • Manage the financial impact of documentary credit for the company
  • Understand the constraints of both exporter and importer


Subjects addressed:

  • Introduction: Definition, Background, Issues
  • Setting up: Bank application, Opening, Notification
  • Receipt of documentary credit: Terms and conditions
  • Study of terms: Exam
  • Pre-issue / Post-issue Procedure
  • Types of letter of credit : transferable / back to back / red clause
  • Methods: concept of financing (forfaiting, …)
  • Issue and Verification of documents
  • Risk notion: Confirmation, Del credere, Bank reservations
  • RUU 600: New regulations
  • Financing costs: calculation methods
  • Knowledge Test: Case study, Multiple choice (with corrections)

Conclusion: Opening of a Standby Letter of Credit

Numerous practical cases and examples will be used as illustrations throughout the course…

Intended course participants

Corporate managers or employees whose duties involve international administration, finance and trade.

Understanding international guarantees


The training objectives are:

  • Provide the participants with the necessary skills to understand and manage:
  • The principles of buyer protection and the consequences for the seller
  • The distinctions between the different methods (security, guarantee, SLOC)
  • Operational management of securities and guarantees: drawing up of acts, setup, extent of commitments, mechanisms for withdrawal of commitments.
  • Risks of unfair calling and relative insurance
  • The specific features of guarantees for certain geographical areas.


  • General information on securities and guarantees – Legal aspects
    Definition of a guarantee – Background – Difference between a security and an independent guarantee – The relationship between payment protection techniques and guarantees
  •  From the call for tenders to the end of the contractual obligations
    The main securities and guarantees within the contract – Comments on securities and guarantees.
  •  The extent of commitments
    Documentary guarantees – How they differ from a first demand guarantee, such as RUGB 458 – SOLC guarantee mechanism – Pros and cons for all parties
  • Negotiation of securities and guarantees
    Essential points to be negotiated – Hidden difficulties in guarantees – The relationship between guarantees and payment protection (e.g. documentary credit)
  •  Practicalities of guarantees
    Role of guarantees, validity, total sum, applicable laws – Impact on the exporter – Guarantee issue methods: direct and indirect guarantees – Relationship between the exporter and the counter-guarantee bank, the local guarantee bank and the beneficiary – The drawing up of the agreement – Common clauses and specific clauses.
  • Drawing on guarantees
    Conditions and principle for drawing on a guarantee – Difference of interests involved – The role of the bank – Recourse a priori and a posteriori

Intended course participants

Corporate managers or employees whose duties involve international administration, finance and trade.


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