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Payment Assurance Alternatives to Letters of Credit - Webinar

  • ID: 4395000
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn practical points on many different kinds of credit assurances that can enhance your chances of receiving payment.

Major corporations are increasingly turning to supply chain financing to enhance their liquidity by extending payment terms through a factoring arrangement with their bank and suppliers. This content will explain how such arrangements work, their benefits and drawbacks, so that as a supplier or vendor, you will have a better understanding of the costs and risks of this arrangement.

Many persons do not understand how bonds, letters of credit, bank guarantees, cross border corporate guarantees and other credit enhancements work, when they should be used, or how they can be tailored to better meet the expectations of the party requiring assurance of performance. This content will discuss over a dozen different types of credit assurances, how they compare, what transactions they are used for and some of the dos and don'ts about them that the businessman, credit manager or practitioner should know.

This material will also discuss different practical measures that can be used to enhance the likelihood of payment, including control over spare parts, service and support of specialized equipment or software. For the consignment seller and the seller that sells goods in place, the risks to the buyer and seller from intervening bank lenders, purchasers and bankruptcy trustees will be discussed.

Learning Objectives
  • You will be able to identify third party credit enhancement.
  • You will be able to recognize surety, payment, performance and tailored bonds.
  • You will be able to discuss international sales.
  • You will be able to review two party transactions.
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International Sales
  • Commercial Letters of Credit
  • Bank Guarantees and Standby Letters of Credit
  • Payment Before Shipment Backed by Counterguarantee
  • Private and Governmental Export Insurance
  • Documentary Collections
  • Supply Chain Financing Techniques/Factoring Without Recourse
Two Party Transactions
  • Consignments and Purchase Money Security Interests
  • Setoff and Netting
  • Other Collateral Security
Third Party Credit Enhancement
  • Surety, Payment, Performance and Tailored Bonds
  • Monoline Insurance for Public Finance
  • Letters of Credit
  • Corporate and Surety Guarantors
  • Escrows, Payment Intermediaries, Credit Card
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Carter H. Klein Jenner & Block LLP
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This webinar is designed for purchasing managers, material managers, presidents, vice presidents, business owners and managers, CFOs, controllers, accountants, contract administrators, buyers and attorneys.
Note: Product cover images may vary from those shown
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