URDG758 Workshop was successfully held in Hochiminh City
On 31 August 2010, Hoang Nghiep Training and Consulting in cooperation with IFC, eBusiness School International (Ireland) held successfully the the Workshop for over 50 banking professionals from 16 banks around Vietnam.
On the seminar, Mr Vincent O’Brien has introduced about the ICC Uniform Rules for Demand Guarantees – URDG758 that was effective from 1 July 2010 on global scale.
Mr. Vincent O’Brien – the facilitator of the Workshop – is a highly experienced practitioner of International Trade Finance being a long standing member of …

WORKSHOP
ICC Uniform Rules for Demand Guarantees URDG758 at Vietnam
URDG 758 effective since 1 July 2010
The Uniform Rules for Demand Guarantees

FACILITATOR: Mr. VINCENT O’BRIEN
VENUE: KIM DO HOTEL, KING HALL, 9TH FLOOR
133 NGUYEN HUE STR., DIST. 1, HCM CITY
DATE: THURSDAY, 31 AUGUST 2010
TIME: 8.30AM – 5PM
Introduction
Trade Finance is generally considered to involve less risk for banks than other mainstream forms of bank financing.   Traditionally banks have had very low loss provisions when providing finance or securing trade deals using traditional trade finance instruments, such as …

URDG 758 – Revised Uniform Rules for Demand Guarantees

The revised ICC Uniform Rules for Demand Guarantees (URDG) were adopted by the ICC Executive Board at its meeting of 3 December 2009 in New Delhi. The revision was meticulously prepared over a period of more than two years and is the result of a collective effort by a number of ICC constituent groups, including ICC National Committees and the ICC network.
It is particularly significant that the present revision of URDG does not merely update …

IFC FIT Initiative 2nd Course – Starting on 1st February 2010

The IFC FIT Initiative Program is a very practical e-learning program which has been designed with two important goals:
1- to train and certify international trade finance professionals in their core area of expertise and thus enhance their productivity in their day-to-day roles
2- to build an online global network of international trade and finance professionals who will share knowledge and experience on an online platform specifically developed for the program – a powerful tool in the resolution of common trade finance …

History
The Global Trade Finance Program of the IFC has been in existence for approximately 3 years and in this short period has facilitated trade with developing countries to the value of over $1 billion. Through the GTFP bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements.
The GTFP has developed a network of international trade banks and is gaining momentum with an expansive network of Issuing Banks in more …

The IFC FIT Initiative Program is a very practical e-learning program which has been designed with two important goals:
1- to train and certify international trade finance professionals in their core area of expertise and thus enhance their productivity in their day-to-day roles
2- to build an online global network of international trade and finance professionals who will share knowledge and experience on an online platform specifically developed for the program – a powerful tool in the resolution of common trade finance queries and issues.
Notwithstanding, the continued importance of Letters of Credit …