Program Agenda
08:00 – 09:00
Registration
09:00 – 09:10
Welcome
  • Samantha Pelosi
  • Senior Vice President, Payments & Innovation
  • BAFT
  • 09:10 – 09:15
    Introduction/Workshop Overview
  • Hugo Verschoren
  • Owner and Consultant
  • goVer Trade Technologies Ltd.
  • 09:15 – 10:30
    Compliance Issues in Trade Finance
    • What is Compliance?
      • KYC
      • AML
      • Sanctions
    • Publications
      • Wolfsberg/ICC/BAFT Trade Finance Principles paper
      • BAFT TBML
      • ICC position paper about Sanction Clauses
      • ICC Opinions about compliance issues
    • Applying Compliance principles in the handling of Documentary Credits, Stand-by Letters of Credit, Bank Guarantees and Documentary Collections.
    10:30 – 10:45
    Networking Coffee/Tea Break
    10:45 – 12:15
    Letters of Credit and their risk characteristics compared to Open Account/SCF
    • Nature of the risks
      • Credit risk (for Import LCs and Export LCs)
      • Operational risk
      • Compliance, reputational, legal risk
    • Mitigation measures
    • Case studies
    12:15 – 13:15
    Networking Lunch
    13:15 – 14:30
    Incoterms 2010
    • History of the Incoterms
    • Basic principles and structure of Incoterms 2010
    • Rules for any mode or modes of transport
    • Rules for sea and inland waterway transport
    • Incoterms 2010 and UCP600 and Letters of Credit
    • Case studies
    14:30 – 14:45
    Networking Coffee/Tea Break
    14:45 – 16:00
    The Bank Payment Obligation (BPO)
    • Introduction
    • SWIFT’s Trade Service Utility (TSU)
    • Structure and outline of the BPO
    • The URBPO
    • Contracts and legal framework
    • Market adoption of the BPO and the BPO in the world of Trade
    • Other initiatives: DLT, Blockchain
    16:00 – 16:45
    Open Forum/Q&A
    16:45 – 17:00
    Wrap-up
  • Hugo Verschoren
  • Owner and Consultant
  • goVer Trade Technologies Ltd.
  • Samantha Pelosi
  • Senior Vice President, Payments & Innovation
  • BAFT