This course will provide participants with essential knowledge of the process flow and industry practices involving Standby Letters of Credit. In this course you will gain an understanding of how the basic principles that apply to Documentary Credits of all kinds apply to Standbys as well as the ways in which Standbys differ from other types of Documentary Credits. This course will close out with a look at how industry practices pertaining to Standbys differ from those pertaining to Demand Guarantees; and how these are reflected in the rules governing each. Click here to find out more.