UCP 600

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 dont
• Multiple offerings will appear
• Whats good? Whats not?
• Whos good? Whos not?
• How do you roll it out?
• Time is limited6 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
• Trainers 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_at_CoastlineSolutions.com