How to Manage Letters of Credit—before
they manage YOU!
Monday, December 5, 2005
3:00-4:00 eastern
Presenter: Madeline Sprague
Description:
Letters of credit can be an incredible credit enhancement and
risk mitigation tool when properly used. But when they are not
well-managed, they can become confusing, cumbersome, and actually
increase transactional risks. This session will cover the common
pitfalls encountered by companies trying to use LCs, and what
you can do to manage the flow and process to obtain optimal
results. We will cover commercial export LCs as well as domestic
and international standby LCs. Attendees will also receive some
practical, easy to use tools to assist in managing the LC process.
BIO:
Madeline Y. Sprague, CTP, is Vice President and Trade
Services Relationship Manager for Wells Fargo HSBC Trade Bank
in Houston, Texas. She works closely with exporters and importers
in the structuring and processing of international trade transactions.
She has over 24 years of documentary product expertise, and
has conducted seminars on letters of credit and other international
payment mechanisms for several local and statewide organizations,
as well as for bank clients. Prior to joining The Trade Bank,
she handled international sales for Bank One’s Houston
area, and managed international operations for both CoreStates’
and Bankers Trust’s Houston Edge Act branches. Ms. Sprague
is a Certified Treasury Professional, and has a Bachelor’s
degree in languages and linguistics from the State University
of New York at Buffalo.
