July 1 -Municipal Finance - F11 Government Mandated Standby Letters of Credit: An Introduction and Advice about Best Practices The program will explain the terms, use and benefits of an annotated, user friendly and freely available Model Standby Letter of Credit form developed by the Institute of International Banking Law & Practice specifically for government entities as beneficiaries. Prof. Byrne will explain how the form works, what its terms mean, how its terms can be adapted and varied and how it benefits municipalities as beneficiaries of letters of credit on all kinds of projects and obligations. Prof. Byrne will also illustrate by example and samples, mistakes that government beneficiaries sometimes make in specifying the terms of their letters of credit. This program will also provide general and specific information on what letters of credit are, how they are used, alternatives to them, what rules govern them, and where to look to find the rules, forms, and help concerning them where municipalities are the beneficiaries of them. The program will also review letter of credit cases involving municipalities and developers, and offer insight on spotting and addressing letter of credit issues, including knowing when there is an issue or problem, what to look for, and some tips on how to prevent or avoid, minimize and handle them. Speakers: James Byrne, International Banking Law & Practice, Inc. and Carter Klein, Jenner & Block, LLP. CLICK HERE<http://r20.rs6.net/tn.jsp?f=001fz-_ut5V_crGSFIqUVstOccYSnLN2MZ1BLW59J1mlxMV19A8HcCqB_0GIHTxTQ6tiv8JMDE-TNj1JyrbNl3cP4o1zQRSzbNaoZHmK52HPB3PCSVbCdrBCtzIGycUU0AlvYzLnKCpXsP-gfoEdaa02dRxgwd7L7IuAX0jqJfwZyaIwQQSNr0fE18EpxpsBYTuJlCf7wovFpr4IB94XtNLr-ebc-KFSIfZ-PZPJl6juEg=&c=zUtyC0gIIMxA6XC_iRNRuFW2AqkJk-xztvx2Jjcwaf5D7DiHX9RGjw==&ch=AWDICiddOMLrKrJCJ9s0BTbd05sIIVMcxx84AubQM1ZsisUEx6reLw==> to read the speakers' bios. Register at www.imla.org<http://www.imla.org> Date: July 1, 2015 Time: 1 PM EST ***This webinar is 1.5 hours*** Charles W. Thompson, Jr. Executive Director and General Counsel International Municipal Lawyers Association, Inc. 7910 Woodmont Ave., Suite 1440 Bethesda, Maryland 20814 202-466-5424 x7110 Direct: 202-742-1016 Cell: 240-876-6790 Plan ahead: IMLA's Annual Conference October 3-8, 2015 - The Rio, Las Vegas, NV IMLA's Annual Seminar April 15-18, 2016 - Omni Shoreham, Washington D.C.