Letter of Credit L1: Basics Concepts & Fundamentals
What you'll learn
- Letter of Credit - Basic concepts and Fundamentals
Requirements
- Basic knowledge of Banking
Description
Are you working in Bank / Finance Department / Treasury & interested in improving your knowledge & skill set in Trade Finance?
Then this introductory course is for you!
Letter of Credit L1: Basics Concepts & Fundamentals
In this short course, I will be taking you through topics covering:
a) Introduction to LC
b) Definition
c) Parties involved in LC (P1, P2)
d) What is UCPDC
e) Advantage of LC for Seller & Buyer
f) Issue of LC
g) Types of LC
h) Documents under LC
I) Credit Implication of LC for Bankers
This course will give you basic insight about the Letter of Credit (LC), as it plays a significant role in facilitating both Intra & inter-country transactions with various benefits to both Seller & Buyer.
However, Bankers have to exercise due care because, in the event of default by the buyer to make a payment on time, devolvement of LC would come like a blow. So, strengthening basics in LC will always keep your foundation strong.
This course is structured in a self-paced learning style. Requesting you to use your headphones for a better learning experience. Also, keep note pad & pen alongside to take keynotes.
See you inside the course!
Who this course is for:
- Banking Executives
- Finance Exectuvies
- Finance Manager
- Credit Analyst
- Credit Manager
- Chartered Accountant
- Bank Sales Manager
- Bank Relationship Manager
- Finance Administrator
- Financial Analyst
Instructor
![Raja Natarajan, B.Com., PGDBA, FCA](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.3 Instructor Rating
- 14,122 Reviews
- 214,252 Students
- 109 Courses
I am a Chartered Accountant with tonnes of passion for teaching.
I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.
I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.
I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.
I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.