Start here if banking instruments are new to you.
These eight lessons teach the ideas that sit underneath LC, SBLC, guarantees, drafts, collections and financing. You do not need to memorise bank jargon first.
Learn the language before the product.
Each lesson introduces only the terms needed for the next step.
What is a Banking Instrument?
Start with the big picture: payment, security, evidence and bank undertakings.
Foundation lesson · about 8–12 min02Who is Who in Banking?
Applicant, beneficiary, payer, payee, drawer, drawee and the main bank roles.
Foundation lesson · about 8–12 min03Money, Obligations and Undertakings
Understand who owes what and why a bank undertaking is different from the underlying contract.
Foundation lesson · about 8–12 min04Credit Facilities, Cash and Collateral
Learn how a bank can support an instrument using cash, facilities or other acceptable security.
Foundation lesson · about 8–12 min05Tenor, Sight and Maturity
Understand when money becomes due and why time changes the risk.
Foundation lesson · about 8–12 min06Bank Channels, SWIFT and Authentication
Learn what SWIFT does, what it does not do, and why authentication matters.
Foundation lesson · about 8–12 min07KYC, AML, Sanctions and Compliance
Understand why a technically sound transaction can still be stopped by compliance.
Foundation lesson · about 8–12 min08Settlement, Reimbursement and Recourse
See how payment is finally settled and who may still owe money afterwards.
Foundation lesson · about 8–12 minChoose the instrument, then follow the procedure.
After these lessons, continue to Documentary LC / MT700, SBLC / MT760, or open the Procedures hub to see how transactions move from application to issuance and settlement.