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.

Trainees who complete ISP Master qualify for 12 PDUs towards recertification for the Certified Documentary Credit Specialist (CDCS) accreditation offered by BAFT-IFSA and IFS.


Contents
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 training is divided into 4 Modules:

Module 1: 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.

Module 2: 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         - Cancellation of a standby
- Presentation                            - Reimbursement obligations
- Examination                            - Expiry
- Disposal of documents             - Syndication/participation

Module 3: 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.

Module 4: Assessment Module
This module 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
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.

Consistency
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.

Convenience
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 EUR 300 per trainee - and discounts for volume orders - Mentor 600 is a very cost effective way to train your staff.

Discounts are offered for multiple orders as follows:
    1 to 9 trainees - 300 Euros per trainee
    10 to 49 trainees - 250 Euros per trainee
    50+ trainees - 200 Euros per trainee



Full training suite - special pricing
You can alternatively purchase the full suite of 5 training courses in traditional trade products for EUR 800 (a EUR 700 discount on the list price of purchasing the 5 courses).

For futher information please call us on +33 1 49 53 28 69, or email us at events@iccwbo.org

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