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Course/Product Description
Title:

Advantages Of Letters Of Credit vs. Surety Bonds

SKU:WC-1023070
Date / Time: Recorded
Format: Webinar
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Description:

This webinar will explore the similarities and differences of letters of credit with surety bonds as a performance assurance or credit enhancement. Each has unique characteristics, wording, pricing, procedures and bodies of law that apply to them.

This webinar will discuss how each are priced and risk assessed, how they work and are commonly used in practice, what are the advantages and disadvantages of using a bond vs. a letter of credit to assure performance or payment of various types of contracts and obligations, and what are the problems and legal pitfalls each presents.

Agenda

Core Differences of What Is a Letter of Credit vs. a Bond

Frequent Uses of Bonds and Letters of Credit
  • Uses of Letters of Credit
  • Uses and Types of Bonds
Who Are the Parties to a Letter of Credit vs. a Bond? The Parties Are to a Certain Extent Parallel
How to Choose Between Bond vs. Letter of Credit
  • From the Applicant or Principal's Perspective
  • From the Beneficiary's or Obligee's Perspective
Traps for the Unwary in LC and Bond Claim Practice
Legal Regimes That Govern LCs and Bonds
How to Choose a Reliable Issuer of an LC or Bond
Where to Look for Help and Who to Ask for LC and Bond Questions
Reimbursement Issues
Subrogation Issues
Tailoring a Bond or LC
Severally Issued or Syndicated Bonds or LCs
About The Presenter

Carter H. Klein
  • Partner in Jenner & Block LLP's Chicago office
  • Concentrates his practice on Uniform Commercial Code work, secured and unsecured lending, asset sales and purchases, trade finance, outsourcing, payments, financial services and regulation and credit enhancements and workouts; corporations, businesses, banks and other financial institutions seek his counsel on funds transfers, sales and acquisitions, and financial and international transactions work
  • Extensive experience with Article 5 of the Uniform Commercial Code – Letters of Credit
  • Frequent lecturer on letters of credit
  • J.D. degree, Order of the Coif, First in Class, University of Illinois College of Law; B.A. degree, with the highest distinction, University of Illinois at Urbana-Champagne


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
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