Standby Letters of Credit: Structure, Usage, and Fraud.
By: Alan C.Y. Liu
COURSE DESCRIPTION: In Standby Letters of Credit - Structure, Usage and Fraud, Allan Liu shows how standbys could be used as Banking Facility Guarantees, Advance Payment Guarantees, Bid Bonds, Bid Bonds and Performance Bonds, as well as Payment Guarantees.
Actual standby letters of credit formats are used as examples to illustrate usage. Various Special Clauses are profiled and explained to give the Student practical industry knowledge.
Fraudulent standby formats encountered in the commercial banking practice are highlighted to warn of the dangers present in the industry.
This course was originally designed for Bankers in Asia, but has practical application for all trade practitioners.
NUMBER OF PAGES: 23