USCIB Spring 2008 Seminar Series

Letters of Credit: Are the New Rules Working?

3778_image002Nearly one year after UCP 600 went into effect on July 1, 2007, problems and challenges have emerged in the practical application of these rules that impact current trade practice and can increase your payment risk.

It’s time to ask – how are the new rules really working in practice?

Join USCIB for a full day seminar in any one of five locations, where you will have the opportunity to examine the issues, clarify the major changes in the rules and assess your risks – from the standpoint of new insights gained from current trade practice.   Whether you have already attended a seminar on the topic or this is your first in-depth look at the new rules, this seminar brings fresh and important perspectives to your understanding of the impact and risks to your business.

Our instructor, Don Smith, is a well-known speaker and writer on trade finance and brings a wealth of real world experience to the topic.   In his role as an expert member of the International Chamber of Commerce’s Banking Commission, Mr. Smith represented the United States in the ICC’s updating of its longstanding benchmark rules that resulted in the revised UCP 600.  He is uniquely qualified to address the rule and its impact on trade practice.

Registration fee is $395 and includes all materials, continental breakfast and buffet lunch.  USCIB members are entitled to a 10 percent discount.

Seminar Locations: (click on event date to register online)

May 5 – New York, NY
Hosted by:  Bank of New York Mellon

May 15 – Chicago, IL
Holiday Inn Chicago Mart Plaza (Riverview)

May 19 – Burlington, MA
Hosted by:  TD Banknorth

May 20 – Lyndhurst, NJ
Hosted by: TD Banknorth and Commerce Bank

For a copy of the seminar brochure, including registration form, please click HERE.

For more information, please contact Debbie Siu at or 212-703-5062.

Order your copy of UCP 600 from ICC Books USA

More on USCIB’s Banking Committee

ICC website

Staff Contact:   Greg Tondi

Tel: 212.703.5080

Greg Tondi serves as USCIB’s Manager of Accounting and Finance, bringing with him expertise in not-for-profit and private sector accounting, finance and academics. Prior to joining USCIB, Tondi was Controller at the College of St. Elizabeth in Morristown, NJ for the past couple of years. Before assuming his Controller position at the College of St. Elizabeth, Tondi was an Associate Manager of Accounting and Financial Analyst for Prudential Financial. He also spent several years as a high school teacher. Tondi enjoys teaching and continues as an Adjunct Professor at New Jersey City University where he received his Masters in Accounting. Tondi received his Bachelor of Science in Finance from Rutgers University. He co-published an industry paper on the impact of the Sarbanes-Oxley Act on small businesses. Tondi is a Certified Public Accountant in the state of New Jersey.
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