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Understanding of Letter of Credit & UCP 600
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Understanding of Letter of Credit & UCP 600
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainers
  • Overview
    PROGRAMME DETAILS

    DATE

    9 – 10 October 2017

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Asian Banking School
    The goal of this two-day workshop is to provide participants with a thorough understanding of a Letter of Credit and the governing international rules.
    LEARNING LEVEL
    Intermediate
    PROGRAMME FEE*

    AICB MEMBER

    MYR

    2,200

    / PAX

    NON-MEMBER

    MYR

    2,700

    / PAX

    *inclusive of GST 
  • Objectives & Outline
    LEARNING OBJECTIVES
    Upon completion of the programme, participants will be able to:  
    • Differentiate between Documentary Collections and Letter of Credit
    • Acquire comprehensive knowledge of LC operations
    • Identify relevant ICC rules (UCP600, ISBP and lncoterms)
    • Understand the operation of documentary credits, be familiar with the terms and conditions of documentary credits and understand the roles of the parties involved
    • Familiar with the standards that banks use in examining presentations made under documentary credits to establish compliance
    PROGRAMME OUTLINE
    Introduction to Letter of Credit 
    • Purpose
    • Coverage
    • Interpretation
    • Examines the various documents that are presented under documentary credits and the provisions of UCP 600 that govern the data included in the documents.

    Documents used in Letter of Credit operations 
    • Each type of document that can be required under documentary credits is examined - commercial invoices, transport documents, insurance documents and "other" documents
    • Details on the function and purpose of each document before the relevant provision of UCP 600 is highlighted for each section of the document Case Studies
    • These case studies cover key aspects of Documentary credit work including applying for a documentary credit, reviewing the terms and conditions of a credit for workability, and examining presentation of documents from the perspective of a nominated bank, a confirming bank and an issuing bank. It provides the participant with the opportunity to practise their knowledge and skills in the operation of documentary credits and the application of UCP 600 in real-world scenarios
  • Methodology
    The workshop will be highly practical and use topical case studies and examples
  • Participant Profile
    Trade Finance Managers, Relationship Managers, Internal Audit and Compliance
  • Trainers

    CHANG WING HOH

    Chang Wing Hoh’s career in banking spanned over 39 years, 37 of which were in trade financing. He was the Head of International Trade Financing Division of Deutsche Bank Bhd, Kuala Lumpur from 1987 to 1997, a post he gained through rank and file after joining the bank as a clerk in 1969. He left Deutsche Bank to assume the post of Head of Trade Financing and Correspondent Banking at Hong Leong Bank, Kuala Lumpur; a position he held from 1997 until his retirement in 2004. His responsibilities and duties involved overseeing and taking charge of the banks’ trade finance operations, formulating strategies for trade business and income growth, and providing training and help-desk advisory service to customers – both internal and external. He was also involved in the trade financing backend processing system upgrade in both banks and the internet trade finance online system of Hong Leong Bank.
    After retiring from Hong Leong Bank, he ventured into freelance trade finance training and consulting work, and secured a one-year service contact with Citibank, KL, providing trade finance training for their Commercial and Corporate Banking Relationship Managers. Upon expiry of the contract in 2007, he took a break but then re-joined the banking industry in 2010 when he was offered the post of Project Manager - Business at AmBank as the bank has embarked on a project to replace their backend trade transaction processing system to sync with their front-end trade financing system. The system went live in October 2012, after which he was transferred to Trade Operations to review and recommend changes to their processing of trade transactions. He also provided training for the staff to improve their understanding of trade financing business. He was with AmBank until 2014.

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