Letter of Credit L1: Basics Concepts & Fundamentals

Letter of Credit L1: Basics Concepts & Fundamentals

Are you working in Bank / Finance Department / Treasury & interested in improving your knowledge & skill set in Trade Finance?

Then this introductory course is for you!

Letter of Credit L1: Basics Concepts & Fundamentals

In this short course, I will be taking you through topics covering:

a) Introduction to LC

b) Definition

c) Parties involved in LC (P1, P2)

d) What is UCPDC

e) Advantage of LC for Seller & Buyer

f) Issue of LC

g) Types of LC

h) Documents under LC

I) Credit Implication of LC for Bankers

This course will give you basic insight about the Letter of Credit (LC), as it plays a significant role in facilitating both Intra & inter-country transactions with various benefits to both Seller & Buyer.

However, Bankers have to exercise due care because, in the event of default by the buyer to make a payment on time, devolvement of LC would come like a blow. So, strengthening basics in LC will always keep your foundation strong.

This course is structured in a self-paced learning style. Requesting you to use your headphones for a better learning experience. Also, keep note pad & pen alongside to take keynotes.

See you inside the course!

Enroll this course to get your fundamentals straight about LC

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What you will learn

• Letter of Credit - Basic concepts and Fundamentals

Rating: 4.15

Level: Beginner Level

Duration: 1.5 hours

Instructor: Raja Natarajan, B.Com., PGDBA, FCA