Objectives :

  • Familiarize participants with the uniform rules for letters of guarantee on-demand as a tool to ensure the rights of the parties to the letters of guarantee.
  • Enable participants to understand the rules of international standard and practices for letters of guarantee.
  • Introduce participants to the dangers of applying the rules materials on the outskirts of letters of guarantee.

Contents :

  • Explanation of the Standard Rules for Letters of Guarantee materials upon request in terms of: -
  • The application.
  • Definitions and interpretations.
  • Version and effectiveness.
  • The principle of independence.
  • Documents and non-documentary conditions.
  • The responsibility of the guarantor.
  • The corresponding presentation.
  • Partial claims and multiple claims.
  • Examine the claims.
  • Payment.
  • Extension or payment.
  • Claims non-conforming.
  • Almighty power.

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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