Guarantees and Standby Instruments
A guarantee pays on demand against documents, not against the merits of the underlying dispute. This course covers issuing, advising and claiming under guarantees and standby credits without the surprises that follow misunderstanding them.
Course outline
What this programme covers, module by module.
- 01What a guarantee actually promises
- 02Demand guarantees, suretyship and their different worlds
- 03The independence principle and why disputes do not stop payment
- 04Wording, governing rules and checking the text
- 05Issuance, advising, confirmation and counter guarantees
- 06Claims, extend or pay, expiry and release
- 07Fraud, injunctions and the narrow grounds for refusal
What you will gain
- Distinguish demand guarantees from suretyship
- Draft and check guarantee wording carefully
- Explain the independence principle and its consequences
- Handle claims, extend or pay demands and expiry
- Assess the risk carried by issuer and applicant
- Recognise fraud and the narrow grounds for refusing payment
Who should attend
- Trade finance officers and processors
- Corporate relationship managers
- Legal and compliance staff in banking
- Treasury and credit professionals
Upcoming sessions
| Date | City | Duration | Fees | Book |
|---|---|---|---|---|
| 2 to 4 Nov 2026 | Pretoria | 3 Days | R13,000 | |
| 16 to 18 Nov 2026 | Durban | 3 Days | R13,000 | |
| 30 Nov to 2 Dec 2026 | Cape Town | 3 Days | R13,000 | |
| 11 to 13 Jan 2027 | Johannesburg | 3 Days | R13,000 | |
| 15 to 17 Feb 2027 | London | 3 Days | US$1,500 | |
| 19 to 21 Apr 2027 | Dubai | 3 Days | US$1,500 | |
| 28 to 30 Jun 2027 | Pretoria | 3 Days | R13,000 |
Fees are per delegate and exclude VAT. Public intakes are confirmed once minimum numbers are met. We also deliver this course on your own schedule, in-house or live online.
Enquire about this course
Register your team or ask for a tailored in-house quote. We reply within one working day.
WhatsApp usCourse brochure (PDF)- Fees from
- R13,000 per delegate
- Duration
- 3 Days
- Field
- Banking & Financial Services
- Formats
- In-house, public, online
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