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2022 Singapore Guarantee & Standby Forum | July 27 | In Person + Hybrid | 7 CPDs

2022 Singapore Guarantee & Standby Forum | July 27 | In Person + Hybrid | 7 CPDs

  • $ 395.00
  • Save $ 50.00


Description

2022 Singapore Guarantee & Standby Forum 
27 July 2022

This is the second event of Singapore Trade Finance WeekTo register for all three events, please click here. To register for one additional event only, visit the pages of the Annual Survey (25-26 July) or Letter of Credit Law Summit (28 July) and add to your cart.  



Focused entirely on the business of standbys and guarantees, the discussions here include lessons from recent court cases, tips for sound drafting practices, dependent vs. independent undertakings, mandated government forms, and much more.

Essential for bankers, corporates, treasury officials, and attorneys who deal with these instruments, the Guarantee & Standby Forum is the year's greatest regional opportunity to answer key questions, and network with top experts and colleagues in the field.

This marks the first in-person (+ hybrid) version of this event since 2019!

Note: this event will offer online participation for those who are unable or would rather not attend in person.

Location

Holiday Inn Singapore Orchard City
11 Cavenagh Rd
Singapore 229616

- Virtual participants will receive instructions for joining the conference

Who Should Attend 

• Banking Staff - including trade operations staff and management,
  any staff included in trade transactions.
• Corporate - Sales, services, FinTech, and industries involved in trade finance
• Lawyers dealing regularly with trade transactions internally or externally to banks
• Consultants advising on trade finance
• Government Personnel dealing with regional or global concerns in cross
  border finance
• Risk & Compliance Personnel 


Who Should Attend 

• Banking Staff - including trade operations staff and management,
  any staff included in trade transactions.
• Corporate - Sales, services, FinTech, and industries involved in trade finance
• Lawyers dealing regularly with trade transactions internally or externally to banks
• Consultants advising on trade finance
• Government Personnel dealing with regional or global concerns in cross
  border finance
• Risk & Compliance Personnel 

What to Expect

• A Dynamic & Instructional environment with plenty of open dialogue

• Predictions and advice from the world’s top operational, technical and legal experts
• Gain understanding of future trends as they impact your daily operational work
• A unique cross section of technical, legal, operations, and compliance with a focus on solutions for practical implementation.
• Excellent opportunities to network with colleagues and future business partners

Additional Resources

LC Rules & Laws: Critical Texts for Independent Undertakings 
ISP98 Official Commentary

Standby and Demand Guarantee Practice: Understanding UCP600, ISP98, and - - URDG 758



This is the second event of Singapore Trade Finance WeekTo register for all three events, please click here. To register for one additional event only, visit the pages of the Annual Survey (25-26 July) or Letter of Credit Law Summit (28 July) and add to your cart.   

Speakers
Speakers will be announced closer to the event  
Event Schedule

Wednesday, July 27 - Day 1 (all times SGT)

08:30 - 09:00 | Registration & Check-In

09:00 - 09:10 │ Welcome & Introduction to Day 1

Welcome Remarks: Michael BYRNE (IIBLP)

09:10 – 10:00 | Hot Topics
• New capital requirements impacting standbys & demand guarantees
• ISDGP
• The Utility of Commercial Standbys
• PRC Judicial Interpretation of Independent Guarantees & Right of Recourse

10:00 – 10:45 | Pivotal Guarantee Cases Impacting Practice
• Audi Bank (Advance payment guarantee: independent or not)
• Shanghai Shipyard (Accessory vs. Independent Guarantee)

10:45 – 11:15 | Coffee & Networking Break

11:15 – 12:15 | Digitalisation of Guarantees & Standbys
• Presentation of Scanned Documents via Email Attachment
• A More Promising Option for Blockchain

12:15 – 13:00 | Coffee with Corporates 

• Are Banks Meeting, Exceeding, or Underachieving as Regards Your Expectations?
• How Well do Banks Respond to Customized Wording in Guarantees & Standbys?
• Building a Stronger Business Relationship: What can Banks do Better?

13:00 – 14:00 | Lunch Break

14:00 – 14:45 | UAE Guarantee Facilitation Study
• Most bank guarantees in the Middle East are not issued subject to ICC practice rules and many instruments are issued as open-ended guarantees without an expiry date or alternative clear expiry provisions. This reality not only contravenes international practice norms; it also creates major inefficiencies and constrains capital. This panel will present and analyze illuminating results of a recent study of guarantee practice.

14:45 – 15:45 | Traps & Challenges in Guarantee & Standby Practice
• Confirmation and Sanctions
• Force Majeure: Are Prevented from Acting or Performing?

15:45 – 16:15 | Coffee & Networking Break

16:15 – 16:45 | 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.

16:45 – 17:45 | Cases of Significance for Standby Practice
• BNP Paribas, Singapore Br. v. Natixis, New York Br. (Setoff; assignment of LC proceeds)
• Ping An Bank v. Huishang Bank (ISP98 standby and PRC Independent Guarantee Provisions’ deference to practice rules)
• Windsor Township v. Tompkins (missing original of LC or amendment)
• Project Stewart (impossibility to populate SWIFT MT Field as LC specified)

17:45 – 18:00 | Summary of Critical Issues, Lucky Draw, and Closing Remarks

Confirmed Speakers in yellow

Sponsors

Presented By:

    

Sponsors:



Sponsorship Opportunities

Please email Michael Byrne at mbyrne@iiblp.org for more details on how to sponsor this trade finance event and the benefits of sponsorship.