- Price TBA
- Duration 12 Hours
- Locations 1378 Amman, 11953, Jordan
- Provide participants with the general concepts related to letters of guarantee, guarantees and banking applications process necessary in the work of letters of guarantee.
- The definition of sponsorship by the Jordanian Civil Code (Article 950).
- Description of contract letter of guarantee (binding or non-binding).
- The legitimacy of the letter of guarantee (to ensure that the legitimate rooting).
- Ruling commission met in terms of legitimacy.
- The difference between the bank guarantee and letter of guarantee.
- Ensure the definition of banking and bank letter of guarantee.
- The letter of guarantee characteristics.
- Uniform rules for letters of credit under the demand.
- Uniform rules for letters of credit under the demand Bulletin (1992/458).
- Uniform rules for letters of credit under the demand Bulletin (2010/758).
- The most important features of the Standard Rules for letters of credit under the demand Bulletin (2010/758).
- Article No. (26) force majeure.
- The importance and advantages of the letter of guarantee to the parties to the letter of guarantee.
- Parties to the letter of guarantee and the nature of the relationship between them.
- Elements of the letter of guarantee.
- Types of letters of guarantee.
- The life cycle of the letter of guarantee (version, extension, reduction, increase, cancellation, forfeiture).
- The difference between Islamic and conventional banks in dealing with letters of guarantee.
- Some practical cases.
The Central Bank of Jordan began in 1965 to study the necessary means of setting up a team for theoretical and practical training aimed at promoting human cadres of the banking and financial sector and study its employees needs and satisfy their desires to advance their scientific and practical abilities . These efforts culminated in the creation of the Institute of Banking Studies in accordance with Article (37) Paragraph (d) of the Central Bank of Jordan Law and in accordance with the Institute,s Articles of Association No. (69) issued on 1970. The Institute was officially inaugurated on October 9, 1971 and was housed then at the Central Bank,s premises.
In the early 1990,s , the Institute witnessed a new stage ; the construction of the Institute,s permanent headquarter in Tla,a Al Ali , a suburb of the capital Amman . The complex was constructed on an eight dunums plot of land and comprised of administration units, academic and training activities halls, library, laboratories, cafeteria, health clinic and a multipurpose hall. Also , the Institute has two branches, one in Irbid and the other in Aqaba. The purpose of these branches is to widen the distribution of academic and training activities conducted by the Institute to cover the various regions of the Kingdom.See all Institute of Banking Studies courses