Banks’ Guarantees

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This course introduces banks’ guarantees and gives an overview of its structure. You will learn about the origins and development of guarantee management in addition to the importance of using the correct terminology / key elements of a guarantee.

Skills You will Acquire

Knowledge of banks’ guarantee as financial assurance. Mitigation of financial risk

  • Knowledge of banks’ guarantee as financial assurance
  • Mitigation of financial risk

Who Should Attend

Financial professionals and managers

Duration

Duration
1 Day

Prerequisites

Course Prerequisites
Experience in the international trade field

Outline

Course Outline

Module 1: Banks’ Guarantees
Module 2: Independent Guarantees

Dates

Dates
Dates (Online):
19-21 Feb 2025 | 14:00-16:30
18-20 Aug 2025 | 14:00-16:30

Dates (In-Class):
14 May 2025 | 08:30-17:00
11 Sep 2025 | 08:30-17:00

Program

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Module 1: Banks’ Guarantees

  • Definition as a financial assurance
  • Main types
  • Marine banks’ guarantee – Joint & several guarantee
  • Joint
  • Involved banks
  • SWOT
  • Guarantee per Aval and degree of protection / Seller
  • Difference between direct and indirect guarantees

Module 2: Independent Guarantees

  • Draft analysis
  • Standby L/C
  • Comparison between independent and standby L/C

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