1 / 12

UCP 600

UCP 600. Training Issues Derek Ennis, CEO, Coastline Solutions. The Problem/Challenge. The new rules will impact on ALL aspects of LC operations Advising Issuing Confirming Doc checking and Compliance All staff need to be trained Operations Sales Legal Trainers

johana
Download Presentation

UCP 600

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. UCP 600 Training Issues Derek Ennis, CEO, Coastline Solutions

  2. The Problem/Challenge • The new rules will impact on ALL aspects of LC operations • Advising • Issuing • Confirming • Doc checking and Compliance • All staff need to be trained • Operations • Sales • Legal • Trainers • Multiple locations – Global, Regional, Local? • Customers – does the bank have a responsibility? Opportunity?

  3. The Problem/Challenge • Materials on the subject matter do not exist • Seminars, Conference materials, Courseware, Experience, Notes etc. • For UCP 500 you had materials to draw from. For UCP 600 you don’t • Multiple offerings will appear – • What’s good? What’s not? • Who’s good? Who’s not? • How do you roll it out? • Time is limited…6 to 9 month rollout period

  4. Issues to consider • Quality of training • Training from a reputable source • Presentation/Delivery • Consistency of training • Consistent delivery across organisation • Consistent application of training when on the job • Audit • Who took the training vs who should have taken the training • How did they do? Evaluation of effectiveness of selected methods

  5. Issues to consider • Scheduling • Trainer’s time • Trainees’ time (away from work) • Classrooms • Travel • … All within time constraints • Budgets • Have you planned your budget for this? When to do this?

  6. Options • In house training • By in house staff • By external consultants • Training events organised by others • ICC Paris • IFSA • ICC National Committees • IIBLP • Independent Consultants • Banking • … • Online training • Developed in house • Off the shelf • On the job training

  7. Online training • Advantages of Online Training • Anytime, any place training • Consistency of training • Learner determines pace • No Scheduling headaches • No travel costs • Reduced dependence on senior staff to support repetitive training.

  8. Our offerings • Upskill 600 • Mentor 600

  9. Upskill 600 Train experienced LC staff - what has changed in UCP 600 • Full Article by Article comparison of 500 to 600 • Structured multimedia training in Key Issues • Online Assessment to test knowledge Benefits • Personalised Certificate on Completion • ICC Approved • PDUs towards CDCS recertification Available November 2006

  10. Mentor 600 Full UCP 600 training course for new LC staff • Assumes no prior knowledge • Full training in all articles of UCP 600 • Interactive training modules • ICC Approved • Personal assessments and results

  11. Key points • Start planning now • Quality • Consistency • Timing • Cost – Spend your $$$ sensibly

  12. Thank You Derek Ennis Coastline Solutions Derek.Ennis@CoastlineSolutions.com

More Related