1. Why Should I Attend this Course? (The Course Aim)

Bank Letters of Guarantee (LGs) play a vital role in securing obligations between parties in both domestic and international trade.

This course aims to provide participants with a comprehensive understanding of the structure, types, and legal framework governing bank guarantees.

You will learn how to issue, amend, claim, and cancel guarantees in line with international practices and local banking regulations, while effectively managing related operational and compliance risks.

By the end of the course, participants will have the technical knowledge and confidence to handle LG transactions with professionalism, accuracy, and strong risk awareness.

2. Who Should Attend this Course? (Target Audience)

This program is designed for professionals working in trade finance, operations, or legal and compliance functions, including:

• Trade Finance Officers and Specialists
• Documentary Credit & Guarantee Officers
• Corporate Banking Relationship Managers
• Legal, Risk, and Compliance Officers
• Treasury and Operations Staff involved in guarantees
• Exporters, Importers, and Business Owners dealing with secured contracts

3. Course Methodology

At LOGOS Prime, our approach is built on experiential learning and real-world application. The training combines:

• Case studies and role-play exercises covering issuance, amendment, and claim handling.
• Workshops on drafting and analyzing LG wording for different business scenarios.
• Interactive discussions on ICC Uniform Rules for Demand Guarantees (URDG 758).
• Simulations of communication between applicant, beneficiary, and issuing bank.
• Practical tools and checklists to ensure compliance, accuracy, and operational efficiency.

This ensures each participant not only understands the theory but can apply it confidently in actual business operations.

4. Objectives of this Training Course

By the end of this course, participants will be able to:

• Understand the concept, purpose, and mechanics of Bank Letters of Guarantee.
• Identify the different types of guarantees (bid bond, performance, advance payment, retention, etc.) and their business uses.
• Draft, review, and amend guarantee texts to avoid ambiguity and exposure.
• Manage the claim and settlement process professionally and within regulatory requirements.
• Distinguish between conditional and demand guarantees and assess their risk implications.
• Strengthen coordination between bank, client, and beneficiary to ensure smooth handling and trust.
• Apply effective risk management controls to minimize fraud, misuse, or operational errors in LG operations.