Objectives :

  • Enable participants to deal with the operations of the issuance of letters of credit / Report / enhance / modification / conversion / settlement credit value.
  • Enable participants to deal with the norms of materials UCP 600 for these operations.
  • Familiarize participants with exporting and enhanced conditions of banks.
  • Enable participants to deal with the risks arising from the Special Operations documentary credits.

Contents :

  • Issuance (application forms and data included in the credit, applicant and bank conditions, insurance).
  • Advising: article 9 of UCP 600.
  • Confirmation: confirming bank conditions.
  • Amendment: article 10 of UCP 600.
  • Transferring: article 38 of UCP 600 (transferring vs. back to back).
  • Settlement (basic process for payment and acceptance of documents).
  • General risk to D / C operations: fraud risks:
  • Sovereign and regulatory risks.
  • Legal risks.
  • Force majeure and frustration of contract.
  • Examples and 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.

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