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Institute of International Banking Law & Practice

2023 New York Standby & Guarantee Forum | 11 October | 7 CPDs

Regular price $ 395.00 USD
Regular price $ 495.00 USD Sale price $ 395.00 USD
Sale Sold out

8:30 – 9:00      Registration & Check-In


9:00 – 9:10      Welcome from our Host:

Rick MARTINEZ (Hogan Lovells)

9:10 – 9:30      Welcome & Introducing Yourselves:


9:30 – 10:30    2023 News & Trends in Treasury & Working Capital

  • Basel Capital Requirements Impacting Standbys & Demand Guarantees
  • PRC Judicial Interpretation of Independent Guarantees & Right of Recourse
  • ISDGP at 2: Have Practice Habits Improved, Stayed the Same, or Regressed?
  • Standbys & Guarantees – South of the Border
  • Bank closings and “place of presentation” and impact on standbys
  • Compliance considerations
  • Backdating standbys 
  • Insurance & reinsurance “risk weighted assets” 

Moderator: Michael AVIDON

Panelists: Miguel BUSTAMANTE via Zoom (ICC Mexico);

10:30 – 11:00 Coffee & Networking Break

11:00 – 12:15  What the Courts are Saying about Standbys 

  • Celestial Aviation
  • Strabag, spa v. Credit Agricole
  • Unicredit Bank AG v. EuroNav NV (B/L case)
  • Chian Teck Realty v. SDK Consortium [Singapore performance bond]
  • Beneficiary presentation of standby LC copy instead of original LC as required by the credit.

Moderator: Mike AVIDON (Moses & Singer)


12:15 – 12:45  SWIFT MT Update & The Future of Trade Messaging

What’s Swift Standards Release 2023 all about and its impact? Update on the progress Swift has made on APIs for Trade Finance. 

Speaker: Mukta KADAM via Zoom (Swift)


12:45 – 1:45    Lunch Break

1:45 – 2:15      Coffee with Corporates

What do your corporate customers need from your treasury and capital products? How can banks make their products more effective for applicants and beneficiaries? Topics include: silent confirmations and when do corporates want them.


Moderator: Kristine SIEBEL (ret’d SocGen)

2:15 – 3:00      Flipping the Switch: Digitalisation of Standbys & Guarantees 

  • Big Picture: what does a fully digital standby look like?
  • What lessons can we apply from trade finance to standbys and working capital?
  • Where would a digital standby ecosystem live? SWIFT? Online database?
  • How can we involve corporate users?
  • What are the challenges and opportunities in a digital standby universe?
  • Presentation of Scanned Documents via Email Attachment

Moderator: Michael BYRNE (IIBLP)

Panelists: Fabian GUEVARA (JPM);

3:00 – 3:30      Coffee & Networking Break

3:30 – 4:10      Standby Text and Forms Seen & Used in Practice 

What troublesome terms & conditions have been in required forms? More importantly, what can be done about them? Panelists will review problematic clauses and offer viable solutions for audience reactions. This panel will also update on how the ISP Model Forms are used or adapted for use in practice.      

Panelists: Kristine SIEBEL (ret’d SocGen); Frank PETRASSI (JPM) 

4:10 – 4:50      Opportunities & Challenges in Practice

  • The “2-in-1” Standby: Can a Bid Standby become a Performance Standby and Work Properly?
  • Does EXIM LC Insurance Cover When There is a Disputed/Questionable Discrepancy and Issuer Refuses to Reimburse the Confirmer?
  • Backdating of standbys
  • Insurance/Reinsurance and risk weighted assets 

4:50 – 5:00      Summary of Critical Issues, Raffle Draw, and Closing Remarks

• Banking Staff - including operations staff and management,
  any staff included in trade transactions.
• Corporate - Sales, services, FinTech, and industries using SBLCs and Guarantees
• In-house Counsel for financial institutions 
• Lawyers outside of banking institutions dealing regularly with trade transactions
• Government Personnel dealing with regional or global concerns in cross
  border finance
• Industry - Real Estate, Film, and beyond 

What to Expect
• A Dynamic & Instructional environment
• Collegial atmosphere conducive to real conversations
• Gain understanding of future trends as they impact your daily operational work
• A unique cross section of legal, operations, and compliance with a focus on solutions for practical implementation.

Venue Address:

Hogan Lovells 

390 Madison Ave. 
New York, NY 10017

Google Maps Link

Virtual Attendees 

You will receive an email with a link to register for the Zoom attendance of this event in the week leading up to it. It is possible that you will receive an event ticket, which is solely for record keeping. 

Sponsorship Opportunities

Please email Michael Byrne at for more details on the benefits of sponsoring IIBLP events, including seats, visibility, and access to a 'town square' for the industry.



Our Sponsors

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Sponsorship Opportunities

Please email Michael Byrne at for more details on the benefits of sponsorship - including: bulk attendance rate, visibility, flexible display solutions, and more.