LC Series- How To Use Letters of Credit As Financing Tools

Topics that will be addressed during this webinar: " Background On Letters Of Credit As Effective Payment Tools " Reasons Why Most Letters Of Credit Are Used As Payment Tools And Not As Financing Tools " What The Seller Must Know Before Using Letters Of Credit As Financing Tools o The Importance Of Drafts And How To Prepare Them o Understanding How Discounting Drafts Works " The Benefits Of Using Letters Of Credit As Financing Tools o Can Improve Sellers Cash Flow o Allows Buyer To Receive Attractive Financing o Creates Win-Win Sales Transactions For Sellers And Buyers o Allows The Seller To Sell More Product

Cost:    Each    6-Pack
FCIB Members:    $95    $350
Non-Members:    $195    $550

 Unlimited Webinar Purchasers will be able to participate as a part of their package.


US: 11:00am ET

About the Speaker

thumbnail DSC 6210 EditRichard “Chip” Thomas, General Manager, American Export Training Institute, West Chester, PA

During his banking career, Chip Thomas developed a skill in training and was responsible for international product and service training for Mellon Bank’s customers and employees. He left banking in early 1995 to pursue his interest in training by helping to establish the American Export Training Institute (AETI), which provides practical training in export finance to corporations and financial institutions throughout the U.S. and Canada. Chip is co-author of the Trade Finance Handbook, Thomson, 2005. The book is targeted to small and mid-size companies interested in how to effectively enter the international trade arena.

Chip’s interest in international affairs and cultures began in high school where he had the opportunity to finish his junior and senior years at a private school in Zimbabwe, Africa. He finished his B.A. from So. Illinois University in 1969, majoring in economics and history, and completed a master’s degree in 1975 from the Thunderbird Graduate School of International Management. After his undergraduate degree, Chip spent two and a half years working in Colombia, S.A., with the Peace Corps, followed by another two years in Colombia with the U.S. Information Agency (USIA).

Upon returning to the U.S. and completing his graduate studies, he entered a 22-year career in international banking, specializing in international trade and finance. This work led to extensive international travel, with a two-year assignment working and living in Mexico. Chip speaks fluent Spanish.

Webinar Access

Instructions to join the Webinar will be sent to the main registrant's email address the day before. Remember: Please log-in at least 15 minutes prior to the webinar commencing to ensure ample time for technical assistance if needed.

11/9/2021 11:00 AM - 11/9/2021 12:00 PM

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