ISP Master contains over 12 hours of online training and instruction in ISP98, the rules governing the operation of Standby LCs/independent undertakings.
The Course is designed to ensure proficiency in this area of trade finance work.
Trainees who complete ISP Master qualify for 12 PDUs/CPDs towards recertification for the Certified Documentary Credit Specialist (CDCS) accreditation offered by BAFT and LIBF.
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.
THE COURSE IS DIVIDED INTO 4 MODULES:
Module 1: Essentials
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.
Module 2: Rules
This module provides an article-by-article analysis of the ISP98 rules and also examines the comparable provisions of UCP 600.
Module 3: Case Studies
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.
Module 4: Assessment
This module provides a comprehensive assessment for trainees to test their knowledge of standby credit practice and ISP98.
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, and Chair of the UCP 600 Drafting Group.
As the training is delivered online, each member of your staff can be trained to an ICC approved standard regardless of location. Every trainee receives an ‘ICC Certificate of Achievement’ on completion of a course indicating their personal results.
The training courses come complete with a Learning Management System so organisations can easily manage allocation of the training and keep track of trainees’ progress and results.
Value for money
With prices starting at €300 per trainee – and discounts for volume orders – ISP Master is a very cost effective way to train your staff.
Discounts are offered for multiple orders as follows:
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Pavel Andrle, Documentary Payments Specialist, Czech Republic.
Judith Autié, Union de Banques Arabes et Françaises, Paris.
Umar Farooq, United Nations Conference on Trade and Development (UNCTAD), Pakistan.
Tom Richardson, Sr. Trade Regulatory Specialist, USA.
Trade Service Manager, USA.
Boris Kozolchyk, President of the National Law Center for Inter American Free Trade, USA
Ronald Katz, Former Policy Manager, ICC Banking Commission
"Comprehensive training in Collection practices and their treatment under URC 522 - a must have within your training collateral?"
Gary Collyer, Technical Adviser to ICC Banking Commission, United Kingdom
"I could not imagine my working life without this great 'invention'."
Edith Babuscio, BHF-Bank, Germany
Karl Mayrl, Erste Bank, Austria.
Don Smith, USA
Vincent O'Brien, Director EBSI, Ireland