LC Series- Roles and Responsibilities of Banks in the Payment Process

This on-demand webinar is available for 14 days after purchase.

Topics that will be addressed during this webinar:

• How Many Banks Should Be Involved In A Transaction?
• Are All Banks The Same?
• Does It Matter What Bank You Use?
• What Are The Banks Most Concerned About?
• What Are The Responsibilities Of Banks In A Letter Of Credit?
• Why Do Banks Charge Letter Of Credit Fees?
• Are Bank Fees Excessive?
• Can You Negotiate Fees With Banks?
• Will Banks Help You With Your Letters Of Credit?
• Banks Aren’t Your Enemy – Understand Why!
• Learn To Talk To A Bank To Get What You Want!
• Understand How To Set Up The Banks For Efficient Payment

About the Speaker

Richard “Chip” Thomas, General Manager, American Export Training Institute, West Chester, PA

During his banking career, Chip Thomas developed a skill in training and was responsible for international product and service training for Mellon Bank’s customers and employees. He left banking in early 1995 to pursue his interest in training by helping to establish the American Export Training Institute (AETI), which provides practical training in export finance to corporations and financial institutions throughout the U.S. and Canada. Chip is co-author of the Trade Finance Handbook, Thomson, 2005. The book is targeted to small and mid-size companies interested in how to effectively enter the international trade arena.

Chip’s interest in international affairs and cultures began in high school where he had the opportunity to finish his junior and senior years at a private school in Zimbabwe, Africa. He finished his B.A. from So. Illinois University in 1969, majoring in economics and history, and completed a master’s degree in 1975 from the Thunderbird Graduate School of International Management. After his undergraduate degree, Chip spent two and a half years working in Colombia, S.A., with the Peace Corps, followed by another two years in Colombia with the U.S. Information Agency (USIA).

Upon returning to the U.S. and completing his graduate studies, he entered a 22-year career in international banking, specializing in international trade and finance. This work led to extensive international travel, with a two-year assignment working and living in Mexico. Chip speaks fluent Spanish.