Program Description:
The Institute of Certified BankersTM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CCSR, CLBB, and CPB credits.
This webcast seminar explains letters of credit including the parties involved and their liabilities. Also, this webcast seminar will discuss the rules regarding letters of credit that were implemented by the Uniform Customs and Practices for Documentary Credits (2007 Revision) (the "UCP 600") on July 1, 2007. Financial institutions that issue or accept letters of credit will find this webcast seminar useful.
This 2-Hour Webinar Covers:
- Overview of parties involved in a letter of credit transaction
- Responsibilities and liabilities associated with letters of credit
- Comparison of commercial letters of credit verses standby letters of credit
- Review the new UCP 600 and compare it to the old UCP 500
Who Should Attend:
This webcast seminar will be useful to loan officers, operations officers, credit administration personnel and others involved in the letter of credit function.
Presenter:
Adam LaBoda, Esq. is an attorney with Spencer Fane Britt & Browne LLP where he specializes in the representation of financial institutions.
Adam was awarded his juris doctor from the University of Kansas Law School. Prior to joining Spencer Fane, Adam served as a law clerk for Chief Judge Lee M. Jackwig, United States Bankruptcy Court for the Southern District of Iowa. He is a member of the Missouri Bar and the Kansas Bar Associations, as well as a member of the Kansas and Missouri Bankers Associations, and the Kansas City Bankruptcy Bar Association. He is licensed to practice law in Missouri and Kansas, as well as the federal district courts in Kansas and the Western District of Missouri.
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