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Banking Foundations · Level 1
Banking Foundations progress
Start here if you want the concepts underneath every instrument.
0%foundation complete
0 / 8foundation lessons complete
Level 1academy foundation
○Foundation 01: What is a Banking Instrument?Banking Foundations · Level 1○Foundation 02: Who is Who in Banking?Banking Foundations · Level 1○Foundation 03: Money, Obligations and UndertakingsBanking Foundations · Level 1○Foundation 04: Credit Facilities, Cash and CollateralBanking Foundations · Level 1○Foundation 05: Tenor, Sight and MaturityBanking Foundations · Level 1○Foundation 06: Bank Channels, SWIFT and AuthenticationBanking Foundations · Level 1○Foundation 07: KYC, AML, Sanctions and ComplianceBanking Foundations · Level 1○Foundation 08: Settlement, Reimbursement and RecourseBanking Foundations · Level 1
0%course complete
0 / 12lessons complete
—best practice score
○Lesson 01: What is a Letter of Credit?Understand the basic purpose before learning any bank language.○Lesson 02: Who is Who in an LC?Learn the buyer, seller and bank roles without memorising jargon.○Lesson 03: How an LC Moves from Start to PaymentSee the normal flow in six small steps.○Lesson 04: Sight LC vs Usance LCUnderstand when money is due and why '60 days' matters.○Lesson 05: What is an MT700?Learn what the SWIFT message is and what it is not.○Lesson 06: Dates, Shipment and ExpiryLearn which dates can stop a good deal from becoming a good presentation.○Lesson 07: Documents Required — Field 46AUnderstand why a large LC can still be hard to use.○Lesson 08: Bill of Lading and Other Transport DocumentsLearn why transport wording often becomes the practical heart of the LC.○Lesson 09: Presentation and Document CheckingLearn what happens after the documents reach the bank.○Lesson 10: Discrepancies and RefusalLearn what can go wrong even when the trade is real.○Lesson 11: Confirmation, Transferability and AmendmentsThree words that are often mixed together.○Lesson 12: Financeability, Negotiation and DiscountingLearn what people often mean when they say 'monetise the LC'.
Standby Letter of Credit · MT760
SBLC progress
Tracked separately from the Documentary LC course.
0%SBLC course complete
0 / 10SBLC lessons complete
MT760reader track
○SBLC Lesson 01: What is a Standby Letter of Credit?Standby / MT760 learning track.○SBLC Lesson 02: Who is Who in an SBLC?Standby / MT760 learning track.○SBLC Lesson 03: How an SBLC Works from Issue to DemandStandby / MT760 learning track.○SBLC Lesson 04: Financial, Performance and Direct-Pay StandbysStandby / MT760 learning track.○SBLC Lesson 05: ISP98, UCP 600 and the Rules Around a StandbyStandby / MT760 learning track.○SBLC Lesson 06: What is an MT760?Standby / MT760 learning track.○SBLC Lesson 07: Demands, Claim Documents and PresentationStandby / MT760 learning track.○SBLC Lesson 08: Expiry, Automatic Extension and Non-ExtensionStandby / MT760 learning track.○SBLC Lesson 09: Confirmation, Transfer, Assignment and AmendmentsStandby / MT760 learning track.○SBLC Lesson 10: SBLC Financeability, Monetisation and Red FlagsStandby / MT760 learning track.
Compliance & Risk
Compliance & Risk progress
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0 / 8lessons complete
8lessons in this track
○KYC, AML and Sanctions — Three Different ChecksCompliance & Risk○Source of Funds, Source of Wealth and Transaction PurposeCompliance & Risk○Sanctions Screening: Parties, Banks, Vessels and GoodsCompliance & Risk○Trade-Based Money Laundering Red FlagsCompliance & Risk○Country, Bank and Counterparty RiskCompliance & Risk○Goods, Commodity and Dual-Use RiskCompliance & Risk○Adverse Media, Reputation and Transaction ContextCompliance & Risk○What Happens When a Bank Pauses, Rejects or Exits a TransactionCompliance & Risk
Documents & Examination
Documents & Examination progress
0%track complete
0 / 8lessons complete
8lessons in this track
○How Banks Examine DocumentsDocuments & Examination○Commercial Invoice ExaminationDocuments & Examination○Transport Documents: B/L, Multimodal, AWB and Road/RailDocuments & Examination○Insurance DocumentsDocuments & Examination○Certificates of Origin, Inspection, Quality and WeightDocuments & Examination○Originals, Copies, Signatures, Alterations and CorrectionsDocuments & Examination○Dates, Shipment, Presentation and ExpiryDocuments & Examination○Discrepancy, Refusal, Waiver and CureDocuments & Examination
Correspondent & Reimbursement
Correspondent & Reimbursement progress
0%track complete
0 / 6lessons complete
6lessons in this track
○What is Correspondent Banking?Correspondent & Reimbursement○Nostro and Vostro AccountsCorrespondent & Reimbursement○How LC Reimbursement WorksCorrespondent & Reimbursement○URR 725Correspondent & Reimbursement○MT740, MT742 and Reimbursement MessagingCorrespondent & Reimbursement○Value Date, Cut-off, Charges and Settlement FinalityCorrespondent & Reimbursement
Charges & Pricing
Charges & Pricing progress
0%track complete
0 / 6lessons complete
6lessons in this track
○LC Issuance, Advising and Handling ChargesCharges & Pricing○Confirmation PricingCharges & Pricing○Amendment, Discrepancy and Document ChargesCharges & Pricing○Discounting and Financing PricingCharges & Pricing○SBLC and Guarantee PricingCharges & Pricing○Build the Total Transaction CostCharges & Pricing
Supply Chain Finance
Supply Chain Finance progress
0%track complete
0 / 6lessons complete
6lessons in this track
○Receivables FinanceSupply Chain Finance○Payables Finance / Reverse FactoringSupply Chain Finance○Distributor and Dealer FinanceSupply Chain Finance○Inventory and Pre-Shipment FinanceSupply Chain Finance○BPU and BPO in Supply-Chain ContextSupply Chain Finance○Supply-Chain Finance Risk and Fraud ChecksSupply Chain Finance
Digital Trade
Digital Trade progress
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0 / 5lessons complete
5lessons in this track
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Expanded Academy
Advanced track progress
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Demand Guarantee
Demand Guarantee progress
8 lessons in this track.
0%0 / 8
○What is a Demand Guarantee?Demand Guarantee○Who is Who in a Guarantee?Demand Guarantee○Common Types of GuaranteeDemand Guarantee○URDG 758 and IndependenceDemand Guarantee○Demands, Documents and ExpiryDemand Guarantee○Counter-Guarantees and Local GuaranteesDemand Guarantee○Amendment, Transfer and AssignmentDemand Guarantee○Financeability and Red FlagsDemand Guarantee
Payments & Drafts
Payments & Drafts progress
8 lessons in this track.
0%0 / 8
○Bank Draft / Banker’s DraftPayments & Drafts○Cashier’s Cheque, Cashier’s Order and Certified ChequePayments & Drafts○Bill of Exchange / Trade DraftPayments & Drafts○Banker’s AcceptancePayments & Drafts○Promissory NotePayments & Drafts○Three Meanings of “Draft”Payments & Drafts○Cheque Basics and ClearingPayments & Drafts○Payment Instrument VerificationPayments & Drafts
Documentary Collections
Documentary Collections progress
6 lessons in this track.
0%0 / 6
Trade Finance
Trade Finance progress
8 lessons in this track.
0%0 / 8
○Negotiation under a Documentary CreditTrade Finance○Discounting Usance and Deferred PaymentTrade Finance○ForfaitingTrade Finance○FactoringTrade Finance○Pre-shipment FinanceTrade Finance○Post-shipment FinanceTrade Finance○SBLC / Guarantee Supported FinancingTrade Finance○“Monetisation” Translated into Real ProductsTrade Finance
Advanced LC
Advanced LC progress
6 lessons in this track.
0%0 / 6
Bank-to-Bank Procedures
Bank-to-Bank Procedures progress
8 lessons in this track.
0%0 / 8
○Draft Wording, Specimen, “Test Copy” and Pre-AdviceBank-to-Bank Procedures○Bank Payment Undertaking (BPU)Bank-to-Bank Procedures○BPO vs BPUBank-to-Bank Procedures○RWA, BCL and Proof of FundsBank-to-Bank Procedures○RMA and Bank-to-Bank ConnectivityBank-to-Bank Procedures○MT759 vs MT799Bank-to-Bank Procedures○“Leased”, “Purchased” and “Owned” InstrumentsBank-to-Bank Procedures○Procedure Due DiligenceBank-to-Bank Procedures
Rules & Standards
Rules & Standards progress
10 lessons in this track.
0%0 / 10
○UCP 600Rules & Standards○ISBPRules & Standards○ISP98Rules & Standards○URDG 758Rules & Standards○URC 522Rules & Standards○eUCP and eURCRules & Standards○Incoterms and Banking InstrumentsRules & Standards○URR 725 — Bank-to-Bank ReimbursementsRules & Standards○URF 800 — Uniform Rules for ForfaitingRules & Standards○URDTT Version 1.0Rules & Standards
SWIFT
SWIFT progress
7 lessons in this track.
0%0 / 7
Fraud & Verification
Fraud & Verification progress
8 lessons in this track.
0%0 / 8
○Real Banking Words, Fake TransactionFraud & Verification○Fake SWIFT Copies and Fabricated MessagesFraud & Verification○Cloned Banks, Fake Officers and Lookalike DomainsFraud & Verification○Advance Fees and “Release” ChargesFraud & Verification○Prime-Bank and Impossible-Return SchemesFraud & Verification○Fake Providers, Monetisers and “Leased Instrument” ClaimsFraud & Verification○Verify Before You PayFraud & Verification○Fraud Case PracticeFraud & Verification
Reset expanded Academy progress
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