Miguel Correa, Head of Credit at Motiva, and David Yi, Head of Credit at Gunvor, gave a presentation on Credit Basics for Contracts Professionals. The presentation is designed to cover "must know" credit concepts and definitions for contracts professionals. We discussed the basic concepts of determining a credit limit, margining, performance assurance, events of default, and early termination including the definitions and mechanics of those concepts. It includes a discussion on real world scenarios, war stories and how the contractual terms have helped to prevent credit losses. This presentation is applicable to new contracts professionals and will serve as a good refresher for experienced contracts professionals.
VIEW THE ZOOM PRESENTATION HERE. This will bring you to a member-protected IECA page where you can access the zoom recording and passcode.