Date & Time:
20 & 21 July 2020, Mon & Tues, 9 am - 5 pm
Venue: Novotel Kuala Lumpur City Centre
[Training will be conducted as per HRDF’s Guidelines for Conducting Face-to-Face Training during the COVID-19 Pandemic]
Trade can be very complex and the sole objective of receiving payment, or indeed the goods, by the parties involved are always in doubt, if the characters of the parties involved are questionable. In order that both parties may be protected, Letters of Credit issued by Banks, are used.
The Letter of Credit (LC) or the Documentary Credit (DC) is a very ancient payment device. Its present form and the rules that govern it evolved from the international sale of goods.
The LC Issuing Bank’s responsibilities to Seller and Buyer are:
In recent decades the scope of LCs have changed from one that guarantees payment for a performance to one that guarantees payment for non-performance.
The functions of the LC have also been creatively modified to cater for advance payments, immediate payments, delayed payments, revolving payments and also guaranteeing non-payments. A good knowledge of their operations would be an obvious advantage to traders.
However, just a sound knowledge of LC operations alone is insufficient to conduct profitable business. The trader should also be aware of all the Trade Financing products available from banks, and of significant importance is to obtain the correct type/s, quantum and tenor of the product/s that its business requires.
This course provides all a normal business need to know about Letters of Credit and Trade Finance.
To equip participants with a comprehensive knowledge of:
Mr. Noel Vong is our Senior Trainer and Senior Management Consultant. He has 40 years of banking experience with over 20 years in International Trade Finance. His experience in International Trade and
Trade Finance includes the setting up of the Trade Bill Centers, customising Trade Finance manuals, developing Islamic Banking Trade Bill Products, centralizing trade processing activities, supervising marine and export-import operations, training staff and conducting Trade Seminars for public and bank customers.
He is a retired Manager of a local & a foreign bank and has worked in all major towns in Malaysia. He has also worked in Banks in The Philippines, Cambodia, Hong Kong and Vietnam.
Noel is an accomplished trainer cum consultant. Over the past 20 years, he has conducted many in-house and public Trade Finance courses in Malaysia and the Asean Region. For Islamic banking, he has rendered his expertise in developing and drafting Islamic Trade Finance products for commercial banks.
Early Bird Fee: RM1, 378 per person for 2 days
Normal fee: RM1,855 per person for 2 days
– SBL claimable (Inclusive of lunch, tea breaks, notes, certificate of attendance and 6%SST)
*Group discount of 10% available (for 3 or more participants from the same company)
#In-house training can be arranged at client’s premise. Please contact us at 03-8066 3107 for a customized proposal.