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ISP Master – Online Training in ISP98 and Standby Letters of Credit
ISP Master contains over 12 hours of online training and instruction in ISP98, the rules governing the operation of standby LCs/independent undertakings. It is designed to ensure proficiency in this area of trade finance work.
The course content is written by Professor James Byrne of the Institute of International Banking Law & Practice (IIBLP) in conjunction with Gary Collyer, Technical Adviser to the ICC Banking Commission.
Trainees using ISP Master qualify for 12 PDUs towards recertification for CDCS (Certified Documentary Credit Specialist).
Course Content
The training is divided into 4 Modules:
Essentials Module
This module examines the use of assurances in commercial arrangements, the function of dependent and independent undertakings, the roles of the parties to standby credits and the key terms and conditions that are used in standby letters of credit.
Rules Module
This module provides an article-by-article analysis of the ISP98 rules and also examines the comparable provisions of UCP 600.
Areas covered:
- Scope of the rules - Transfer and assignment
- Obligations of the parties 8 - Cancellation of a standby
- Presentation - Reimbursement obligations
- Examination - Expiry
- Disposal of documents - Syndication/participation
Case Studies Module
This module covers key aspects of standby letter of credit work, including: applying for a standby credit; reviewing the terms and conditions of a standby credit for workability; examining a presentation of documents from the perspective of a nominated bank and issuing bank; and issuing a refusal notice.
Assessment Module
This module provides provides a comprehensive assessment for trainees to test their knowledge of standby credit practice and ISP98.
What are the key benefits of ISP Master?
Quality
ISP Master is approved by the International Chamber of Commerce. The course content is written by Professor James Byrne of the Institute of International Banking Law & Practice in conjunction with Gary Collyer, Technical Adviser to the ICC Banking Commission.
Consistency
As ISP Master is delivered online all trainees receive the same training. All of your trainees are trained to a consistent ICC standard regardless of their physical location.
Each student receives an ICC Certificate on completion of the course assessment indicating their personal results.
Convenience
The Coastline Solutions administration console allows you manage the training of all of your staff as and when you wish. You allocate licences to your trainees when needed and they follow the training course at their own pace on any computer with Internet Access. Whether you run a global trade operation or a local office, Coastline Solutions administration console means it is very easy (and quick) for you to get your staff up and running with the training and you have the ability to keep track of their progress and results.
Value for money
With prices starting at EUR 300 per trainee – and discounts for volume orders – ISP Master is a very cost effective way to train your staff.
Each trainee receives access to ISP Master for one year for training and reference purposes.
Using ISP Master means no incidental training costs, such as travel, accommodation, scheduling, printed materials, venue, time off work, etc.
Discounts are offered for multiple orders as follows:
1 to 10 trainees - 300 Euros per trainee
11 to 50 trainees - 250 Euros per trainee
Over 50 trainees - 200 Euros per trainee
Don't take our word for it – Try it for yourself
To avail of a 2-week free evaluation of ISP Master, simply click here and provide us with some brief administrative details. You will then receive a personal username and password with which to access the service.
Further Information
For further information on any of our services please contact us at info@coastlinesolutions.com or call Leo Cullen or Derek Ennis at +353 1 2352166 to discuss your training requirements.
Newsletter
If you would like to receive the Coastline Solutions International Trade Newsletter free of charge, simply provide us with your e-mail address and we will add you to our mailing list.
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