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Institute of International Banking Law & Practice

2023 Guarantee & Standby Forum | Singapore | May 9 | 7 CPDs | In-Person + Hybrid

Regular price $ 395.00 USD
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8:30 – 9:00      Registration & Check-In

9:00 – 9:30      Welcome & Introducing Yourselves

Welcome Remarks: Michael BYRNE (IIBLP)  

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

  • ChatGPT – Does AI have enough “I” for Treasury Products?
  • Basel Capital Requirements Impacting Standbys & Demand Guarantees 
  • The Utility of Commercial Standbys
  • PRC Judicial Interpretation of Independent Guarantees & Right of Recourse
  • Standing Up for Standbys
  • ISP Model Forms: How are they being used?

10:30 – 11:00 Group Picture, Coffee & Networking Break 

11:00 – 12:00  Pivotal Cases Impacting Guarantees & Standbys  

  • TA Private Capital Security Agent Ltd. v. UD Trading Group Holding Pte Ltd. [Singapore]
    Was guarantee in question independent or dependent?

  • Sunrise Industries v. PT OKI Pulp [Singapore]
    Injunction; Unconscionability

  • Wellington Cantonment Board v. Gharpure Engineering & Constructions [India]
    Whether draw on bank guarantee would cause irretrievable injury and injunction is justified.

  • Windsor Township v. Tompkins Financial Corp. [USA]
    Beneficiary presentation of standby LC copy instead of original LC as required by the credit.

12:00 – 12:30  SWIFT MT Update & The Future of Trade Messaging

How will SWIFT’s evolving strategy impact guarantees and standbys? Core initiatives shaping these products will be addressed, including trade-based APIs. Report on the trade community’s adaptation to SR 2021 and changes to MT 760s.     

12:30 – 13:30  Lunch Break

13:30 – 14:15  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?  

14:15 – 15:00  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 

15:00 – 15:30 Coffee & Networking Break 

15:30 – 16:10  ISDGP at Two Years Old

  • Are banks and guarantee users familiar with it?
  • Have practice habits improved or stayed the same since early 2021?
  • Are there any ISDGP paragraphs that differ from practice norms seen in SE Asia?

16:10 – 16:50  Traps & Challenges in Standby & Guarantee Practice

  • Confirmation of Guarantees -- URDG does not provide for it. If a guarantor or beneficiary would want such an option, is there a way it could be done?
  • Counteracting Counter Undertaking Confusion
  • Is it Really a Force Majeure Event?
  • When is a Guarantee actually “issued”?

16:50 – 17:00 Summary of Critical Issues, Raffle Draw, and Closing Remarks



  • Banking Staff - including operations staff and management, any staff included in trade and treasury 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

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.

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. 

Continuing Education Credits (CPDs)

This event will provide 7 CPDs toward recertification for CDCS, CSDG, and CTFC.

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.

Additional Resources


organizer organizer

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.