Banking Instruments Academy
Choose the instrument first. Then learn its people, procedure, messages, rules, risks and financing.
MyGreed separates the financial instrument from the SWIFT message that may carry it. MT700 is not another word for every LC concept; MT760 can carry either a demand guarantee or standby.
Documentary LC
Payment against complying documents. Sight, usance, documents, discrepancies, transfer and finance.
Open lesson →Standby Letter of Credit
Backup/direct-pay undertakings, ISP98, claims, expiry, transfer, assignment and financeability.
Open lesson →Demand / Bank Guarantee
Performance, advance-payment, bid, payment and counter-guarantee structures.
Open lesson →Bank Drafts & Negotiable Instruments
Bank draft, cashier’s cheque, bill of exchange, banker’s acceptance and promissory note.
Open lesson →Documentary Collections
D/P, D/A, URC 522, collection banks, buyer risk and procedure.
Open lesson →Trade Finance Techniques
Negotiation, discounting, factoring, forfaiting, pre/post-shipment and secured finance.
Open lesson →