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Institute of International Banking Law & Practice

2024 Singapore Guarantee & Standby Forum | May 8 | 7 CPDs

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 – 10:15    2023 News & Trends in Treasury & Working Capital

  • ISP98 at 25 Years -- Taking stock of the rules, forms, interpretations, industry usage and the future
  • Basel Capital Requirements Impacting Standbys & Demand Guarantees
  • Capital Risk distribution and risk mitigation strategies
  • Compliance checks: what do you do, and how can we speed them up?

10:15 – 10:25  Coffee & Networking Break 


10:25 – 10:55  Aviation LCs: Risks & Mitigation Strategies 


10:55 – 11:05  Coffee & Networking Break 


11:05 – 11:50  What are the Courts Saying? Guarantees & Standby Edition

  • Chian Teck Realty Pte Ltd. v. SDK Consortium [Singapore]
    -- An alert to bankers on sending ‘notice' of non-extension
  • North Asia Ltd. v. Jingdong e-Commerce (Trade) Hong Kong Corp. [Hong Kong]
    -- The “agreement exception” and the independence principle
  • Macquarie Bank Ltd. v. Banque Cantonale Vaudoise [England]
    – Alleged fraud and failure to give notice of refusal under UCP600 standby
  • EFLO Energy v. Devon Energy Corp. [USA]
    -- Issuer's duty when beneficiary demands correction, but applicant does not consent
  • Docdex Decisions on Standbys

11:50 – 12:00  Networking Break 


12:00 – 12:30  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? 


12:30 – 13:30  Luncheon 


13:30 – 14:15  Swift MT Update & The Future of Trade Messaging

Uptake after one year of Swift Standards Release 2023 plus the latest on the Swift has APIs for Trade Finance.


14:15 – 14:30  Coffee & Networking Break 


14:30 – 15:00  Opportunities & Challenges 

  • Standbys requiring presentation of original and any amendments
  • Presentation of documents by email or fax under standbys
  • Authentication requirements for presentation of electronic documents under URDG guarantees
  • ICC Opinion TA940: URDG Guarantee and Invoice Copies 
  • Beneficiary Request to Issuing Bank to Suspend or Withdraw a Pending LC Draw: Accept or Not

15:00 – 15:15  Coffee & Networking Break 
15:15 – 16:00  Flipping the Switch: Digital Standbys are a “Go”!

  • Singapore’s eGuarantee Template and Usage Experiences
  • 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
  • ICC/Swift API for Sbys & Gees


16:00 – 16:15  Coffee & Networking Break


16:15 – 16:50  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. We will also discuss the Energy LEAP Model Form.


16:50 – 17:00  Summary, Lucky 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 mbyrne@iiblp.org 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

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Our Sponsors

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Sponsorship Opportunities

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