Uniform Rules for Demand Guarantees (URDG) 758

Course details

This course is designed to develop an understanding of the important types of demand guarantees that are used in the international trade financing. This course will enable the participants to gain applied knowledge on Uniform rules for demand guarantees 758 introduced by ICC

Objectives

This course has been developed to build in participants an in depth appreciation of Operational Risk. On successful completion of this course the participants will be able to:

• Understand the role and importance of international trade finance
• Define the roles and responsibilities of various parties in international trade
• Discuss the various types of guarantees
• Analyze the characteristics of guarantees
• Interpret the risks involved in guarantees
• Target audience
• Inpiduals whose present knowledge or experience in the subject is limited, or who are or are shortly to be engaged in the Customs or Trade Finance Department of their bank or organization.

Course Structure

The course is conducted using a combination of lectures, discussions and case studies. It has been designed to be delivered in a highly interactive way, involving a mix of theory, interactive discussion and formal practical exercises. It is also expected that all delegates will contribute from their own experience and area of knowledge. This delivery method has been chosen to ensure that participants can maximise their skill development and experience sharing through peer interaction.

Program Contents

• An interactive session through power-point presentations, case discussions and exercises on,
• An overview of ICC 600
• Types of Bank Guarantees
• Characteristics of Bank Guarantees
• Issuing, Receiving, Buying and Trading in Bank Guarantees
• Cash Backed Guarantees
• Risks in Guarantees and Mitigating mechanisms

Module 1:

• Understand the role and importance of international trade finance
• Define the roles and responsibilities of various parties in international trade
• An overview of UCP 600
• URDG 758 vs. ICC 458

Module 2:

• Guarantees Types
• Financial
• Non-Financial
• Characteristics of Guarantees

Module 3:

• Guarantees Issuance by Banks
• Trading of Bank Guarantees
• INCOTERMS 600 in Guarantees and their legalities
• Risks in Guarantees and mitigating mechanisms.