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A guide that tackles this vital financial instrument from a practical as well as legal perspective. Augmented with numerous real life cases, the book addresses the exact procedures undertaken by global banks in handling standby letters of credit transactions whilst providing an article by article interpretation of the ISP98
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JACOB SIFRI is a Banking Operations and Trade Finance Consultant. He frequently publishes research papers and studies on risk management in banking and trade finance and has written two other books on Letters of Credit. He is a principal trade finance trainer for several banks and regular speaker at international conferences on the subject. Previously Senior Import/Export
Officer at HSBC Bank - Middle East.
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