Learn practical points on many different kinds of credit assurances that can enhance your chances of receiving payment.
Major corporations are increasingly turning to supply chain financing to enhance their liquidity by extending payment terms through a factoring arrangement with their bank and suppliers. This content will explain how such arrangements work, their benefits and drawbacks, so that as a supplier or vendor, you will have a better understanding of the costs and risks of this arrangement.
Many persons do not understand how bonds, letters of credit, bank guarantees, cross border corporate guarantees and other credit enhancements work, when they should be used, or how they can be tailored to better meet the expectations of the party requiring assurance of performance. This content will discuss over a dozen different types of credit assurances, how they compare, what transactions they are used for and some of the do’s and don’ts about them that the businessman, credit manager or practitioner should know.
This material will also discuss different practical measures that can be used to enhance the likelihood of payment, including control over spare parts, service and support of specialized equipment or software. For the consignment seller and the seller that sells goods in place, the risks to the buyer and seller from intervening bank lenders, purchasers and bankruptcy trustees will be discussed.
Agenda
Faculty
Carter H. Klein
Jenner & Block LLP
- Of Counsel at Jenner & Block LLP's Chicago office where he has practiced for 47 years
- Practice concentrates on letters of credit, payments, collateral issues, and sales of assets
- ABA UCC Liaison to the Permanent Editorial Board of the Uniform Commercial Code
- Former Chair of ABA’s Letter of Credit Subcommittee and Payments Subcommittee
- Co-wrote three books on the Uniform Commercial Code for West Publications
- Letter of Credit Attorney of the Year by the Institute of International Banking Law & Practice
- Can be contacted at 312-923-2950 or [email protected]
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