Bank Guarantees, Bonds and Standby LCs
You take the instruments that pay when something goes wrong. One state uniform contract carries four bonds. You learn what each one secures, what a demand must say, and what the whole package costs per jacket. And you learn the ten lines of drafting that decide whether a bad month becomes an expensive year.
Published by Merchandising Academy · First lesson free to read
Course value
What will you be able to do?
Work outcome
You can read a letter of credit for the terms that will refuse your documents, price what a payment term actually costs you in working capital, and choose an instrument that matches the risk you are carrying.
Who it is for
Factory, supplier, brand and buying-office teams.
What you will produce
You build a working method for any bond you are asked for. You run a family test on the operative wording. You learn the five things a bank checks in a demand. You build a full cost model of a bond package, in commission and in blocked cash. You price a reduction clause and a counter-guarantee chain. And you write ten lines to read before you agree to issue.
Learning format
7 lessons · 0 templates · workplace calculations and decisions.
Lessons
- 01The bank does not check whether you failed🔒18 min
- 02Four instruments on one contract, and what each one secures🔒18 min
- 03The demand: what it must say, and how fast the money goes🔒17 min
- 04Standby credits, and choosing between the two shapes🔒17 min
- 05The call nobody was wrong to make🔒18 min
- 06Expiry is the only thing that reliably protects you🔒16 min
- 07The drafting that costs nothing at the time🔒16 min