Topic: Letters of Credits and Bank Guarantees: Past to Present
Speaker: Mr. Scott McGrath, Trade Manager and Product Specialist for BNP Paribas' Global Trade Solutions Group
Ever wonder why do buyers and suppliers require letters of credit? And, what is the difference between letters of credit vs. bank guarantees? The January presentation will take participants through the evolution of letters of credit from early commerce through present day and discuss the various characteristics that make L/Cs effective tools for buyers and suppliers. Also to be discussed will be the changing regulatory landscape in international banking and the factors that will affect L/Cs for the future.
Biography: Scott McGrath is a Trade Manager and product specialist for BNP Paribas' Global Trade Solutions group. BNP Paribas regularly ranks in the top 3 world-wide and is the #1 in Europe & France in Trade Finance. The Global Trade Solutions group has a seasoned team of trade individuals that operate through a network of 100 Trade Centers in over 85 countries around the world. Whether it be a large L/C issuance or vendor financing, Global Trade Solutions' professionals are prepared to provide custom solutions for all aspects of its client's business.
Mr. McGrath has been working in the field of Trade Finance for 7 years with BNP Paribas and has developed expertise in areas such as; Receivable Sales, Payable Programs, Inventory Management Solutions, and Traditional Trade. Prior to BNP Paribas, Mr. McGrath worked for the Bank of New York and The Federal Reserve Bank of New York. He is holds a Master of Business Administration from Fordham University, with a concentration in Finance & Business Economics and a Bachelor of Science from The Ohio State University.
Location: Hilton Santa Clara 4949 Great America Parkway Santa Clara, CA 95054 800-445-8667
Date: January 18, 2012
Time: 11:30 AM - 12:00 PM Networking and Registration 12:00 PM - 1:30 PM Lunch and Presentation/Discussion
Cost: Members of PTMA: No Charge Guests: $65.00
CTP Credit: Approved for 1.5 CTP/CCM recertification credits by the Associations for Financial Professionals.