Bank Guarantees, as a simple but powerful tool for de-risking, play a vital role in international trade and other business transactions. ICC research found that the demand for bank guarantees has steadily grown.
However, rules are only as good as the knowledge and understanding of those who apply them. In particular with guarantees, all parties involved may underestimate the risks due to unknown legal systems, bad drafting or insufficient knowledge in general; therefore jeopardizing the security they originally intended to create.
This ICC Austria training aims to combine knowledge to avoid partial solutions, but to offer an integrated approach instead.
CDCS® and CSDG® holders: CDCS® and CSDG® holders attending will earn 6 PDU points.