Trade Finance
Introduction to Guarantees
Author: Andrea Hauptmann
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Level 1 Target audience
Duration 3 learning hours General practitioners working in banks, corporates,
Language English or financial institutions in functions such as
Price US$150 Relationship Management, Credit, Compliance,
Credits 3 etc. but with an interest in trade finance.
Credits category Meeting Client Needs
Course code TF 101-6
Course objectives
This course provides an introduction to Guarantees You will also learn the importance of using the
and is set up to give you an overview of what a correct terminology and the key elements of a
Guarantee is and its structure. You will learn about Guarantee. In addition, you will come to understand
the origins and development of a Guarantee, from the abstract and documentary nature of the
the days of using cash deposits as a collateral, to Guarantee.
the independent instruments of today.
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Course outline
Lesson 1 Overview of Guarantees Lesson 5 Jurisdiction and rules
Lesson 2 Family of Independent Instruments Lesson 6 Life cycle of a Guarantee
Lesson 3 Structure of a Guarantee Lesson 7 Demand under a Guarantee
Lesson 4 Types of Guarantees — Lesson 8 Case Study
most common forms
Lesson 9 Assessment
Assessment What is an ICC Academy online course?
This eLearning course will include a self-assessment ICC Academy courses are delivered via our Learning
tool to help you prepare for the Global Trade Management System (LMS) using innovative tools
Certificate (GTC) Final Examination if you choose to for combining digital learning with industry-centric
obtain this Certificate. The passing grade for the Final community discussions.
Examination is set at 70%.
Our courses are available for purchase individually
or as pre-designed packages (ie: Certificates)
and are delivered exclusively online. They include
videos, animations, case studies, and a self-
assessment section and are available to take at any
time — anywhere in the world.
Andrea Hauptmann
Senior Director, Head of Guarantees Department at Raiffeisen Bank
International
Andrea Hauptmann Joined Raiffeisen Bank International (former RZB) in September
1984 after a short postgraduate study in Cambridge, UK, working in the documentary
department on import/ export LCs and since 1988 on bank guarantees; took over
responsibility of the guarantee business in 1991, was appointed Director in 1997 and Senior
Director in 2000.
• Member of ICC Austria and delegate to the ICC Banking Commission since 1997
• Founding member of the ICC Guarantee Task Force in spring 2003
• Elected Chair of the ICC Guarantee Task Force in March 2012
• Appointed as member of the Executive Committee of the ICC Banking Commission in
October 2013
One of the seven member Drafting Group for the revision of the URDG in spring 2007.
Regular speaker at various national and international seminars and conferences since
1991. Author of various publications/articles on bank guarantees.
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