Events

2022 Virtual Trade Finance Workshop

Overview
Program
Speakers
FAQ's

Overview

Changing Letters of Credit

The international trade community’s bellwether workshop for all things related to operational trade finance is back. Hosted from February 15 – 17, BAFT’s 2022 Virtual Trade Finance Workshop will address the changing environment for trade finance products, including letters of credit (LCs), standby letters of credit (SBLCs), demand guarantees, counter standby letters of credit, and more.

Featured Themes

Presented over three four-hour modules, the program is tailored to cover a number of larger themed areas daily, including – regulatory updates, business impacts from external events, and the changing environment for trade finance documentation.

This year’s workshop includes specific sessions hosted by preeminent speakers to discuss major industry developments including the ICC’s Uniform Rules for Digital Trade Transactions (URDTT), SWIFT’s overhaul of the Category 7 Messaging Text Standards (MTS), the emergence of Payables Finance as a product, the incorporation of ESG measurements in trade finance transactions, and new governmental requirements for money laundering compliance.

Who Should Attend

  • Financial services employees involved in the preparation of LCs, SBLCs, demand guarantees, and trade finance documentation
  • Bankers involved in trade finance operations, international services, trade product management, trade relationship management, supply chain finance, and international trade
  • Financial institution lead or support staff covering anti-money laundering (AML), combating the financing of terrorism (CFT), financial crime compliance (FCC), and trade-based money laundering (TBML)
  • Corporates, importers, exporters, brokers, providers and/or suppliers involved in trade operations and document preparations who want a deeper dive in trade finance related topics

Approved CPDs for International Trade Finance Certifications

The 2022 Virtual Trade Finance Workshop program has been accredited by The London Institute of Banking & Finance (LIBF) as meeting the standards for ongoing CPDs required for recertification of the following international trade finance certifications.

Those with CDCS, CSDG, CSCF or CTFC certifications should register to receive CPD credits for recertification. Attendees will receive CPDs per day based on their attendance, e.g. a total of 12 CPDs towards CDCS recertification for attending all three modules or 4 CPDs if only one day is attended.

Certifications Total # of CPDs Available
Certificate for Documentary Credit Specialists (CDCS) 12
Certificate for Specialists in Demand Guarantees (CSDG) 12
Certificate in Supply Chain Finance (CSCF) 12
Certificate in Trade Finance Compliance (CTFC) 4

Program

February 15, 2022
February 16, 2022
February 17, 2022
February 15, 2022 - Workshop Module 1

07:00 PST / 10:00 EST / 15:00 GMT / 16:00 CET / 19:00 GST

Welcome Remarks

Kristine Siebel
Chair, Standby Letters of Credit/Guarantee Committee, BAFT
Vice President & Standby Letters of Credit Officer, Trade Commodity Finance Operations, Societe Generale

Scott Stevenson
Senior Vice President, Trade
BAFT

07:10 PST / 10:10 EST / 15:10 GMT / 16:10 CET / 19:10 GST

Single Issue Questions - Session I

Speakers
Mary Ann McCarty
Vice President
PNC

Kristine Siebel
Chair, Standby Letters of Credit/Guarantee Committee, BAFT
Vice President & Standby Letters of Credit Officer, Trade Commodity Finance Operations, Societe Generale

Rajan Sharma
Director, Risk Management and Credit Control
Scotiabank

07:40 PST / 10:40 EST / 15:40 GMT / 16:40 CET / 19:40 GST

ICC Opinions Updates & Trade Advisory Alerts

Speaker
Walter (Buddy) Baker
Vice President, Investment Banking Division
Goldman Sachs

08:10 PST / 11:10 EST / 16:10 GMT / 17:10 CET / 20:10 GST

MT7 SWIFT Updates: Review 700 Series of Updates - What's Next?

Speaker
Sam Jebamony
Vice President & Standby Letters of Credit Unit Manager
JPMorgan Chase Bank

08:40 PST / 11:40 EST / 16:40 GMT / 17:40 CET / 20:40 GST

Stretch Break

08:50 PST / 11:50 EST / 16:50 GMT / 17:50 CET / 20:50 GST

How ESG Affects Global Trade – Where Do You Start To Measure?

Speakers
Swaroop N L N
Director, Alternate Distribution and Sustainable Trade Finance
HSBC

Scott Stevenson
Senior Vice President, Trade
BAFT

09:35 PST / 12:35 EST / 17:35 GMT / 18:35 CET / 21:35 GST

We Demand To Know

A commercial letter of credit case study.

Speaker
Jeremiah Glock
Vice President & Trade Advisor
Citi

10:05 PST / 13:05 EST / 18:05 GMT / 19:05 CET / 22:05 GST

What is Happening in the Physical Supply Chain?

Speaker
John Baranello
Chair, Supply Chain Finance Committee, BAFT
Director & Head of Trade Finance Product Management, Americas, Lloyds Banking Group

Panelists
Sarah Cavallo-Tracy
Head of International Compliance and Documentation
The Andersons

Roger Gingue
Chief Financial Officer
White Mountain Footwear Group

Alexander Paetzold
Managing Director
Trade Technologies Germany

10:55 PST / 13:55 EST / 18:55 GMT / 19:55 CET / 22:55 GST

Wrap Up

11:00 PST / 14:00 EST / 19:00 GMT / 20:00 CET / 23:00 GST

Birds of a Feather: An Open Forum

This is your opportunity to ask questions that were outstanding from today’s sessions. This is an open forum to discuss pressing questions and issues you have been yearning to ask your peers and subject matter experts. Attendees will break into smaller groups for interactive conversations on set subjects or participate in open discussions on any topic.

February 16, 2022 - Workshop Module 2

07:00 PST / 10:00 EST / 15:00 GMT / 16:00 CET / 19:00 GST

Welcome Module 2

Normand Girard
Chair, Commercial Letters of Credit Committee, BAFT
Director, Global Trade Operations, BMO Financial Group

07:05 PST / 10:05 EST / 15:05 GMT / 16:05 CET / 19:05 GST

Single Issue Questions - Session II

Speakers
Normand Girard
Chair, Commercial Letters of Credit Committee, BAFT
Director, Global Trade Operations, BMO Financial Group

Michael Grizzanti
Vice President, Global Trade Operations & Senior Operations Consultant
Bank of America

Rajan Sharma
Director, Risk Management and Credit Control
Scotiabank

07:40 PST / 10:40 EST / 15:40 GMT / 16:40 CET / 19:40 GST

Money Laundering Compliance 101

Hear from the Special Agent in Charge for Homeland Security Investigations as he covers the latest updates and cases related to trade-based money laundering.

Speaker
John F. Tobon
Special Agent in Charge
Homeland Security Investigations (HSI)

08:25 PST / 11:25 EST / 16:25 GMT / 17:25 CET / 20:25 GST

Counter Standby Letters of Credit Usage

What are counter SBLCs and how do they work?

Speakers
Fiore (Frank) Petrassi
Vice President & Global Product Manager, Standby Letters of Credit and Letters of Guarantee
JPMorgan Chase Bank

Vivek Singh
Head, Trade Guarantees Expertise Desk
BNP Paribas

08:55 PST / 11:55 EST / 16:55 GMT / 17:55 CET / 20:55 GST

Commercial Discrepancies - Fictitious vs. Non-Fictitious

Speaker
Jeremiah Glock
Vice President & Trade Advisor
Citi

09:25 PST / 12:25 EST / 17:25 GMT / 18:25 CET / 21:25 GST

Stretch Break

09:35 PST / 12:35 EST / 17:35 GMT / 18:35 CET / 21:35 GST

What Did the Judge Say? Recent Court Cases

A brief review of recent legal cases regarding Letters of Credit.

Speaker
Carter Klein
Partner
Jenner & Block

10:10 PST / 13:10 EST / 18:10 GMT / 19:10 CET / 22:10 GST

What is on the Horizon for the Digitization of Trade Finance?

Speaker
Merlin Dowse
Executive Director, Global Trade Finance Product Management, J.P. Morgan
Vice Chair, ICC Banking Commission

10:40 PST / 13:40 EST / 18:40 GMT / 19:40 CET / 22:40 GST

BBB – Bene’s Behaving Badly

Speakers
Melissa Luster
Vice President, International Operations
BOK Financial

Lelia Savory
Senior Vice President & Product and Servicing Manager, International Department
First Horizon Bank

11:00 PST / 14:00 EST / 19:00 GMT / 20:00 CET / 23:00 GST

Wrap Up

11:05 PST / 14:05 EST / 19:05 GMT / 20:05 CET / 23:05 GST

Birds of a Feather: An Open Forum

This is your opportunity to ask questions that were outstanding from today’s sessions. This is an open forum to discuss pressing questions and issues you have been yearning to ask your peers and subject matter experts. Attendees will break into smaller groups for interactive conversations on set subjects or participate in open discussions on any topic.

February 17, 2022 - Workshop Module 3

07:00 PST / 10:00 EST / 15:00 GMT / 16:00 CET / 19:00 GST

Welcome Module 3

Normand Girard
Chair, Commercial Letters of Credit Committee, BAFT
Director, Global Trade Operations, BMO Financial Group

Kristine Siebel
Chair, Standby Letters of Credit/Guarantee Committee, BAFT
Vice President & Standby Letters of Credit Officer, Trade Commodity Finance Operations, Societe Generale

07:05 PST / 10:05 EST / 15:05 GMT / 16:05 CET / 19:05 GST

Do I Need a Standby Letter of Credit or a Demand Guarantee?

Differences between Demand Guarantees and Standby Letters of Credit. Why US banks do not issue guarantees.

Speakers
Fiore (Frank) Petrassi
Vice President & Global Product Manager, Standby Letters of Credit and Letters of Guarantee
JPMorgan Chase Bank

Vivek Singh
Head, Trade Guarantees Expertise Desk
BNP Paribas

07:35 PST / 10:35 EST / 15:35 GMT / 16:35 CET / 19:35 GST

Are E-Bills of Lading Here to Stay?

Speakers
Ofer Ein Bar
Head of Financial Institutions
WaveBL

Scott Stevenson
Senior Vice President, Trade
BAFT

08:05 PST / 11:05 EST / 16:05 GMT / 17:05 CET / 20:05 GST

Market Trends in the Standby and Guarantee World

Speakers
Fiore (Frank) Petrassi
Vice President & Global Product Manager, Standby Letters of Credit and Letters of Guarantee
JPMorgan Chase Bank

Glenn Ransier
Senior Vice President & Global Standby and Demand Guarantee Product Manager
Wells Fargo

08:40 PST / 11:40 EST / 16:40 GMT / 17:40 CET / 20:40 GST

Stretch Break

08:45 PST / 11:45 EST / 16:45 GMT / 17:45 CET / 20:45 GST

Uniform Rules for Digital Trade Transactions (URDTT)

Speaker
David Meynell
Independent Trade Advisor & Consultant
TradeLC Advisory

09:15 PST / 12:15 EST / 17:15 GMT / 18:15 CET / 21:15 GST

Mock Court: Commercial and Standby Letters of Credit

Panelists
Michael Evan Avidon
Partner
Moses & Singer

Melissa Luster
Vice President, International Operations
BOK Financial

Glenn Ransier
Senior Vice President & Global Standby and Demand Guarantee Product Manager
Wells Fargo

Lelia Savory
Senior Vice President & Product and Servicing Manager, International Department
First Horizon Bank

Donald Smith
President
Global Trade Advisory

10:15 PST / 13:15 EST / 18:15 GMT / 19:15 CET / 22:15 GST

Ask The Expert

Panelists
Normand Girard
Chair, Commercial Letters of Credit Committee, BAFT
Director, Global Trade Operations, BMO Financial Group

Kaushika Ruwangalla
Global Head of Financial Crime Compliance, Trade and Receivables Finance
HSBC

Kristine Siebel
Chair, Standby Letters of Credit/Guarantee Committee, BAFT
Vice President & Standby Letters of Credit Officer, Trade Commodity Finance Operations, Societe Generale

Scott Stevenson
Senior Vice President, Trade
BAFT

11:00 PST / 14:00 EST / 19:00 GMT / 20:00 CET / 23:00 GST

Wrap Up

11:05 PST / 14:05 EST / 19:05 GMT / 20:05 CET / 23:05 GST

Birds of a Feather: An Open Forum

This is your opportunity to ask questions that were outstanding from today’s sessions. This is an open forum to discuss pressing questions and issues you have been yearning to ask your peers and subject matter experts. Attendees will break into smaller groups for interactive conversations on set subjects or participate in open discussions on any topic.

Speakers

February 15, 2022
February 16, 2022
February 17, 2022
February 15, 2022 - Workshop Module 1
Walter (Buddy) Baker
Walter (Buddy) Baker
Vice President, Investment Banking Division
Goldman Sachs

Buddy Baker is entering his 44th year of working with letters of credit and with people who work with letters of credit.  This time has mainly been spent in employment with banks that actively finance international trade, like ABN AMRO, The First National Bank of Chicago, and 5 more banks that no longer exist, but he also spent 3 years with Atradius Trade Credit Insurance, and a couple of years working as a freelance consultant to banks and exporters.  In late 2016, he returned to banking to join Goldman Sachs, where he serves as an internal expert on deals and problems involving letters of credit, based in Chicago. Mr. Baker has written numerous magazine articles and several books on how letters of credit work, including the Users’ Handbook to Documentary Credits under UCP600 (ICC Publication No.694); designed online training and certification programs for credit managers and bankers, including the standby letter of credit modules for the ICC Academy; and frequently speaks at national meetings of bankers, credit managers, and lawyers, like this one.  He recently replaced Don Smith as US delegate to the ICC Banking Commission.

John Baranello
John Baranello
Director & Head of Trade Finance Product Management, Americas
Lloyds Banking Group

John Baranello is the North American Head of Trade Finance Product Management at Lloyds Bank Corporate Markets whose responsibilities include the design, creation and implementation of local and global Supply Chain & traditional Trade Finance products, associated training and marketing, and related technical and regulatory compliance. He is the Chair of BAFT’s Supply Chain Finance Committee and former Chair of the New York/Metropolitan Division of the BAFT Documentary Letter of Credit Committee. He has been involved in the review and advisory stages of the Uniform Customs and Practice for Documentary Credits (UCP), the International Standard Banking Practices (ISBP 745), International Standby Practices (ISP98), & the Uniform Rules for Demand Guarantees (URDG 758) – being the first to commercialize these rules in the United States. Recognized by the FBI for his work in Trade Finance, Mr. Baranello has assumed numerous trade advocacy roles most recently with the Global Supply Chain Finance Forum.

Sarah Cavallo-Tracy
Sarah Cavallo-Tracy
Head of International Compliance and Documents
The Andersons Inc.

Sarah is the head of the International Compliance and Documents team for Export Containers at The Andersons, Inc. The Andersons is a diversified agricultural company conducting business across North America in the grain, ethanol, plant nutrient, and rail sectors. Sarah oversees the documentation and compliance activities for the company’s grain and feed ingredients export programs, which exports 100,000 TEU annually. Sarah joined The Andersons upon the company’s January 2019 acquisition of Lansing Trade Group, one of the largest US agricultural exporters. Sarah began her international logistics career in 2007 with Marisol International in Kansas City, MO, and has been working in international trade for more than 15 years. She joined Lansing Trade Group to rebuild the company’s export program in 2014.

Roger Gingue
Chief Financial Officer
White Mountain Footwear Group

Roger Gingue is the CFO for White Mountain Footwear Group, a company that designs and provides women’s footwear to a majority of all major retailers and direct customers throughout the United States. My role extends as CFO for Coral Reef Asia Pacific, a Hong Kong Corporate, that provides private label women footwear to the major retailers in the US. My role extend into assisting in overseeing the documentation and compliance for product logistics and has all direct responsibility for all financial reporting for both corporations. Roger has been with these companies for 18 years and prior he held various financial leadership roles in the domestic paper manufacturing section.

Jeremiah Glock, CDCS
Jeremiah Glock, CDCS
Vice President & Trade Advisor
Citi

Jeremiah Glock comes to us with over 50 years of experience in Global Trade Operations, with 25 years at Citi in various positions. For the last 14 years he has been one of Citi’s Global Trade Advisors, assisting with providing guidance in all functions of Letters of Credit (Advising Commercial / Standby L/C’s and Examination of Documents), Import and Export Collections, Reimbursements and Compliance and Potential Risk items. Mr. Glock is CDCS (Certified Documentary Credit Specialist) certified and also represents Citi as the Vice Chair on the Southeast Letter of Credit Committee which includes the Collection Committee.

Sam Jebamony
Sam Jebamony
Vice President & Standby Letters of Credit Unit Manager
JPMorgan Chase Bank

Sam Jebamony, based in Chicago, is the Manager for Standby LC Operations at JPMorgan Chase Bank N.A.
 Prior to joining JPMorgan Chase in June 2009, Mr. Jebamony has headed International Trade Operations departments at various major domestic and international banks. With 30+ years trade product and operations experience, Mr. Jebamony has been an active participant in national and regional Standby LC Committees and is a member of the Council on International Standby Practices (CISP).

Mary Ann McCarty
Mary Ann McCarty
Vice President
PNC Bank

Ms. Mary Ann McCarty is with PNC Bank and has over 38 years of experience with trade products. She currently manages the Standby Operations for PNC which includes management of all aspects of syndications. Mary Ann’s expertise is with Standby Letters of Credit and is very involved with risk management issues. She is currently an active member of the BAFT National Standby Letter of Credit Committee.

Swaroop N L N
Swaroop N L N
Director, Alternate Distribution and Sustainable Trade Finance
HSBC

N L N Swaroop is Director of Sustainable Trade Finance and Alternate Distribution at HSBC. Swaroop has over 16 years of rich experience across banking and insurance in varied roles ranging from risk underwriting, trade financing, business development, general management and coverage banking in across India and the UK. Swaroop is an active industry voice at ICC, BAFT and ITFA in developing trade as an investible asset class by attracting greater institutional capital and embedding ESG in trade finance.

Alexander Paetzold
Alexander Paetzold
Managing Director
Trade Technologies Germany GmbH

In his current role, Alex is heading Trade Technologies Germany GmbH and therefore mainly focusing on the local exporters as well as the local cooperation banks in Continental Europe (mainly Germany). Additionally, as COO of Trade Technologies Group he is responsible for supervising and developing further Trade Technologies’ Operations on a global level. Before Alex joined Trade Technologies in the middle of 2019 he was working in the banking industry for more than 22 years focusing on different topics in International Trade. Amongst other roles he had, he was working for Deutsche Bank as Trade Finance Sales before he moved to HSBC Germany where he acted as Regional Sales Head for Southern Germany in HSBC’s Global Trade and Receivables Finance.

Rajan Sharma, ACAMS
Rajan Sharma, ACAMS
Director, Trade Finance Risk Control
Scotiabank

Rajan Sharma has a Bachelor of Science from the University of Delhi, India. He has over 28 years of extensive operational, risk management, and compliance experience relating to trade finance in Asia, Middle East, and North America.

Kristine Siebel
Kristine Siebel
Vice President & Standby Letters of Credit Officer, Trade Commodity Finance Operations
Societe Generale

Kristine Siebel is currently at Societe Generale in their Trade Finance Group, previously she had been a Senior Credit Officer for Royal Bank of Canada responsible for their Captive Reinsurance Business in New York. Prior to joining RBC, Ms. Siebel was Assistant Vice President and Standby Letter of Credit Risk Officer for JPMorgan Chase Bank in New York. Ms. Siebel has been in Trade Services for over 35 years beginning with JPMorgan Chase’s predecessor bank Manufacturers Hanover Trust Company. Ms. Siebel has extensive experience in both the issuance and the risk aspects of Standby Letters of Credit. She has been a member of the BAFT National Standby Letter of Credit Committee since its inception in 1994 and is currently the Chair.

Scott Stevenson
Scott Stevenson
Senior Vice President, Trade
BAFT

Scott Stevenson is the Senior Vice President of Trade at BAFT. Stevenson leads the association’s trade-focused policy, practices, and education initiatives, and supports its trade-related councils and committees. Prior to joining BAFT, Stevenson was a senior advisor for AF Capital Partners, which provided expertise in emerging market structured and project finance for development banking institutions. For two years, he consulted development banks and export credit agencies following a 17-year career at the International Finance Corporation (IFC) and World Bank Group in various trade and investment project leadership roles. Before joining the IFC, Stevenson was the regional head of financial institutions at Standard Chartered Bank in Singapore. He earned his bachelor’s degree from Colgate University, and his MBA from York University.

February 16, 2022 - Workshop Module 2
Merlin Dowse
Merlin Dowse
Executive Director, Global Trade Finance Product Management, J.P. Morgan
Vice Chair, ICC Banking Commission

Merlin Dowse is an Executive Director and a Global Product Manager within the Core Product team. In this capacity, Merlin leads a global team responsible for the management of digital solutions and innovation available to the clients of J.P. Morgan across the globe. Merlin previously held the position of Global Product Manager for the Portfolio Management Group within Global Trade at J.P. Morgan. In this role he led the digitization efforts of both the internal and external processes supporting the distribution of all trade finance assets. Prior to this, while based in London, he was managing the EMEA Trade product set for the Corporate client segment, where he worked on various initiatives such as the Bank Payment Obligation, SWIFT for Corporates whilst also helping expand J.P. Morgan’s global footprint. Prior to joining J.P. Morgan, Merlin worked in various capacities in the Trade Services department at Rabobank in the Netherlands.

Normand Girard, CDCS
Normand Girard, CDCS
Director, Global Trade Operations
BMO Financial Group

Normand Girard is Director, Global Trade Operations for BMO Financial Group. He is responsible for the Bank’s processing of all trade finance products in North America as well as process oversight in Europe and Asia. Mr. Girard has over 30 years of experience in Global Trade Operations at BMO Financial Group. During his career with the Bank, he has covered every role in Import, Export, Standby Letters of Credit and Collections as well as integral operations leadership roles throughout the evolution of BMO’s trade finance business. He has been Chair of the BAFT Southeast Committee from 2011 to 2017. He is a Certified Documentary Credit Specialist and currently Chair of the BAFT National Commercial Letter of Credit Committee since 2017.

Jeremiah Glock, CDCS
Jeremiah Glock, CDCS
Vice President & Trade Advisor
Citi

Jeremiah Glock comes to us with over 50 years of experience in Global Trade Operations, with 25 years at Citi in various positions. For the last 14 years he has been one of Citi’s Global Trade Advisors, assisting with providing guidance in all functions of Letters of Credit (Advising Commercial / Standby L/C’s and Examination of Documents), Import and Export Collections, Reimbursements and Compliance and Potential Risk items. Mr. Glock is CDCS (Certified Documentary Credit Specialist) certified and also represents Citi as the Vice Chair on the Southeast Letter of Credit Committee which includes the Collection Committee.

Michael A. Grizzanti
Michael A. Grizzanti
Vice President, Global Trade Operations & Senior Operations Consultant
Bank of America

Michael Grizzanti is a Vice President at Bank of America, N.A. and has over 27 years of experience in Global Trade Operations. He is currently the Senior Operations Consultant for US Standby Operations in Scranton, PA with additional consulting responsibilities for Canada, Mexico and the EMEA regions. Prior to his consulting role, he managed the US Standby unit for 15 years. He is currently an active member of the BAFT National Standby Letter of Credit Committee.

Carter Klein
Carter Klein
Partner
Jenner & Block

Carter H. Klein concentrates his practice on Uniform Commercial Code work, secured and unsecured lending, asset sales and purchases, trade finance, outsourcing, payments, financial services and regulation and credit enhancements and workouts. Corporations, businesses, banks and other financial institutions seek his counsel on funds transfers, sales and acquisitions, and financial and international transactions work. In particular, he has extensive experience with Article 5 of the Uniform Commercial Code – Letters of Credit.

Melissa Luster, CDCS
Melissa Luster, CDCS
Vice President, International Operations
BOK Financial

Melissa Luster is the VP of International Operations at BOKF, NA, Melissa has been a member of the BAFT Southeast LC Subcommittee since 2012 which she currently sits as Secretary. She provides leadership and training to her Trade Operations Team at BOKF, NA working directly with the team members providing services for products such as participations, documentary collections and letters of credit both standby and commercial. Melissa also supports the back office system as well as font end trade platform, onboarding customers and provides training. Her carreer with BOKF,NA began in April of 2007 and she earned her CDCS certificate in 2013.

Fiore (Frank) Petrassi
Fiore (Frank) Petrassi
Vice President & Global Product Manager, Standby Letters of Credit and Letters of Guarantee
JPMorgan Chase Bank

Fiore (Frank) Petrassi began his career with Harris Bank and Bank of Montreal (US) and is now Vice President, Global Product Manager for Standby Letters of Credit and Letters of Guarantee with JPMorgan Chase Bank, N.A. He is a long standing member of the BAFT National Standby Letter of Credit and Trade Finance Committees and was BAFT North Central Standby Letter of Credit Committee Chair from 2006-2009 and member of the BAFT Automatic Extension Sub-Committee. He was the Co-chair of the IIBLP Government Mandated Letters of Credit Committee and member of the IIBLP Council on International Standby Practice (CISP).

Lelia Savory, CDCS
Lelia Savory, CDCS
Senior Vice President & Product and Servicing Manager, International Department
First Horizon Bank

Lelia Savory is Senior Vice President, Product and Servicing Manager for the International Department at First Horizon Bank. She has performed various roles in trade services over the past 25 years and is now responsible for the team that processes trade finance and foreign exchange related transactions. She is a Certified Documentary Credit Specialist, co-chair of the BAFT Regional Bank Council, and the outgoing Chair of the BAFT Southeast Letter of Credit Committee.

Rajan Sharma, ACAMS
Rajan Sharma, ACAMS
Director, Trade Finance Risk Control
Scotiabank

Rajan Sharma has a Bachelor of Science from the University of Delhi, India. He has over 28 years of extensive operational, risk management, and compliance experience relating to trade finance in Asia, Middle East, and North America.

Vivek Singh, CDCS, CSDG
Vivek Singh, CDCS, CSDG
Head, Trade Guarantees Expertise Desk
BNP Paribas

Having started his career as a document examiner under Commercial Letters of Credit with the then ABN Amro, India, he is now heading the Trade Guarantees Expertise Desk with the Trade Finance Competence Centre of BNP Paribas, Brussels, Belgium. With 10+ years of his exciting journey in traditional Trade Finance he has had the opportunity to don several hats. Some of his previous positions include Senior LC Officer, BNP Paribas Montreal, Canada, Trade Finance Trainer for SBLCs and Commercial LCs, Client Service Manager - Trade Finance CIBC, Montreal, Canada. His most recent accomplishment is the title holder of the “ICC Belgium Registered Trainer of the Incoterms® rules 2020.

John F. Tobon
John F. Tobon
Special Agent in Charge
Homeland Security Investigations (HSI)

In his position as Deputy Special Agent in Charge for Homeland Security Investigations (HSI), Mr. Tobon oversees HSI criminal investigations in eight South Florida counties, including Palm Beach, Broward and Miami-Dade. Mr. Tobon is a recognized subject matter expert on issues related to money laundering and financial crime, his analysis of money laundering issues and risks often appear in national and international television and print media. During his more than 20-year law enforcement career he has participated in numerous high-profile money-laundering investigations targeting trans-national criminal organizations as a case agent, undercover operative and supervisor. He has helped shape international anti-money laundering policy as a member of U.S. delegations to inter-governmental policy making bodies, to include the Financial Action Task Force (FATF); he regularly shares his knowledge and expertise at conferences and training sessions attended by public and private industry personnel from around the world.

February 17, 2022 - Workshop Module 3
Michael Evan Avidon, Esq.
Michael Evan Avidon, Esq.
Partner
Moses & Singer

Michael Evan Avidon is a partner in Moses & Singer LLP, a NYC law firm, where he Co-Chairs its Banking & Finance Practice Group. He is widely recognized for his knowledge of letters of credit (LCs), lending, and secured transactions. Mike’s practice emphasizes: secured and unsecured lending; trade finance; supply chain finance; discounting; LC reimbursement agreements; participation agreements; receivables purchase and payables agreements; electronic contracting; outsourcing and white label agreements; and LC disputes and litigation. His work involves standby, direct pay, and commercial LCs, and demand guarantees. His clients include money center banks and other financial institutions.

Ofer Ein Bar
Ofer Ein Bar
Head of Financial Institutions
WaveBL

Ofer has vast experience in international corporate banking, specializing in leading initiatives and projects, building and restructuring new lines of business, products and strategies. Ein Bar's Experience and persistence enable him to see the big picture, enact the vision of the business. and maintain operations with a keen attention to detail.

Normand Girard, CDCS
Normand Girard, CDCS
Director, Global Trade Operations
BMO Financial Group

Normand Girard is Director, Global Trade Operations for BMO Financial Group. He is responsible for the Bank’s processing of all trade finance products in North America as well as process oversight in Europe and Asia. Mr. Girard has over 30 years of experience in Global Trade Operations at BMO Financial Group. During his career with the Bank, he has covered every role in Import, Export, Standby Letters of Credit and Collections as well as integral operations leadership roles throughout the evolution of BMO’s trade finance business. He has been Chair of the BAFT Southeast Committee from 2011 to 2017. He is a Certified Documentary Credit Specialist and currently Chair of the BAFT National Commercial Letter of Credit Committee since 2017.

Jeremiah Glock, CDCS
Jeremiah Glock, CDCS
Vice President & Trade Advisor
Citi

Jeremiah Glock comes to us with over 50 years of experience in Global Trade Operations, with 25 years at Citi in various positions. For the last 14 years he has been one of Citi’s Global Trade Advisors, assisting with providing guidance in all functions of Letters of Credit (Advising Commercial / Standby L/C’s and Examination of Documents), Import and Export Collections, Reimbursements and Compliance and Potential Risk items. Mr. Glock is CDCS (Certified Documentary Credit Specialist) certified and also represents Citi as the Vice Chair on the Southeast Letter of Credit Committee which includes the Collection Committee.

David Meynell
David Meynell
Independent Trade Advisor & Consultant
TradeLC Advisor

David Meynell is the founder of TradeLC Advisory, an advisory and consultancy service, and the co-owner of www.tradefinance.training, an online training platform for all aspects of trade finance. He previously worked for Deutsche Bank for over 30 years in a number of international locations, culminating as Global Head Trade Product Management for Financial Institutions. David is Chief Examiner for the Certificate in International Trade Finance (CITF®) and Senior Technical Advisor for the ICC Banking Commission.

Fiore (Frank) Petrassi
Fiore (Frank) Petrassi
Vice President & Global Product Manager, Standby Letters of Credit and Letters of Guarantee
JPMorgan Chase Bank

Fiore (Frank) Petrassi began his career with Harris Bank and Bank of Montreal (US) and is now Vice President, Global Product Manager for Standby Letters of Credit and Letters of Guarantee with JPMorgan Chase Bank, N.A. He is a long standing member of the BAFT National Standby Letter of Credit and Trade Finance Committees and was BAFT North Central Standby Letter of Credit Committee Chair from 2006-2009 and member of the BAFT Automatic Extension Sub-Committee. He was the Co-chair of the IIBLP Government Mandated Letters of Credit Committee and member of the IIBLP Council on International Standby Practice (CISP).

Glenn Ransier
Glenn Ransier
Senior Vice President & Head of Documentary Trade and SBLCs
Wells Fargo

Mr. Glenn Ransier is the SVP Head of Documentary Trade and SBLCs with Wells Fargo Bank. He is currently a Technical Advisor assisting the production of official Banking Commission Opinions for the International Chamber of Commerce (ICC) in Paris, France. He also has delegation experience at the ICC and at the International Organization for Standardization. Mr. Ransier has been an involved member of BAFT for decades and was most recently the Chair of the Oil and Commodity LC Working Group in 2015.

Kaushika Ruwangalla
Global Head of Financial Crime Compliance, Trade and Receivables Finance
HSBC
Lelia Savory, CDCS
Lelia Savory, CDCS
Senior Vice President & Product and Servicing Manager, International Department
First Horizon Bank

Lelia Savory is Senior Vice President, Product and Servicing Manager for the International Department at First Horizon Bank. She has performed various roles in trade services over the past 25 years and is now responsible for the team that processes trade finance and foreign exchange related transactions. She is a Certified Documentary Credit Specialist, co-chair of the BAFT Regional Bank Council, and the outgoing Chair of the BAFT Southeast Letter of Credit Committee.

Kristine Siebel
Kristine Siebel
Vice President & Standby Letters of Credit Officer, Trade Commodity Finance Operations
Societe Generale

Kristine Siebel is currently at Societe Generale in their Trade Finance Group, previously she had been a Senior Credit Officer for Royal Bank of Canada responsible for their Captive Reinsurance Business in New York. Prior to joining RBC, Ms. Siebel was Assistant Vice President and Standby Letter of Credit Risk Officer for JPMorgan Chase Bank in New York. Ms. Siebel has been in Trade Services for over 35 years beginning with JPMorgan Chase’s predecessor bank Manufacturers Hanover Trust Company. Ms. Siebel has extensive experience in both the issuance and the risk aspects of Standby Letters of Credit. She has been a member of the BAFT National Standby Letter of Credit Committee since its inception in 1994 and is currently the Chair.

Vivek Singh, CDCS, CSDG
Vivek Singh, CDCS, CSDG
Head, Trade Guarantees Expertise Desk
BNP Paribas

Having started his career as a document examiner under Commercial Letters of Credit with the then ABN Amro, India, he is now heading the Trade Guarantees Expertise Desk with the Trade Finance Competence Centre of BNP Paribas, Brussels, Belgium. With 10+ years of his exciting journey in traditional Trade Finance he has had the opportunity to don several hats. Some of his previous positions include Senior LC Officer, BNP Paribas Montreal, Canada, Trade Finance Trainer for SBLCs and Commercial LCs, Client Service Manager - Trade Finance CIBC, Montreal, Canada. His most recent accomplishment is the title holder of the “ICC Belgium Registered Trainer of the Incoterms® rules 2020.

Donald Smith
Donald Smith
President
Global Trade Advisory

Mr. Donald Smith has over 43 years of experience in letters of credit starting with the UCP 222. He is retired from Citibank New York and is currently President of Global Trade Advisory, a Charlotte NC based consulting firm focused on training in the traditional trade products, regulatory compliance and dispute resolution. He has been a member of the US delegation to the ICC Banking Commission since 1998, chaired the ICC’s Uniform Rules for Forfaiting drafting group, co-chaired the International Standard Banking Practices drafting group, was a member of the group which produced the International Standby Practices ISP98. He has been a member of BAFT and its predecessor organizations since 1982, a member of the Board of Directors and Executive Committee, and chaired the national Letter of Credit Committee and the Annual Conference several times.

Scott Stevenson
Scott Stevenson
Senior Vice President, Trade
BAFT

Scott Stevenson is the Senior Vice President of Trade at BAFT. Stevenson leads the association’s trade-focused policy, practices, and education initiatives, and supports its trade-related councils and committees. Prior to joining BAFT, Stevenson was a senior advisor for AF Capital Partners, which provided expertise in emerging market structured and project finance for development banking institutions. For two years, he consulted development banks and export credit agencies following a 17-year career at the International Finance Corporation (IFC) and World Bank Group in various trade and investment project leadership roles. Before joining the IFC, Stevenson was the regional head of financial institutions at Standard Chartered Bank in Singapore. He earned his bachelor’s degree from Colgate University, and his MBA from York University.

FAQ's

Frequently Asked Questions About This Workshop

What software or platform is this being hosted on?

The 2022 Virtual Trade Finance Workshop will be accessible on the BAFT Events app via desktop, mobile or tablet. You will need to download the BAFT Events app ahead of time either at the Google Play or Apple Store if you are using a mobile or tablet. The virtual platform is also easily accessible on desktop browsers.

The virtual platform will open 1 week prior to the event. You will receive a personalized link from BAFT reminding you to download the event app or log in via desktop to verify your account.

The livestream sessions will be broadcast via Zoom Webinar. You need to download Zoom to your device, if you don’t have it installed. The day of the virtual event, make sure you are signed in to BAFT Events and Zoom for a seamless event experience

Why do I need the BAFT Events app?

The BAFT Events app is your gateway to the virtual event. You can access the event via your mobile phone, tablet or on the web via a desktop browser. With BAFT Events, you can:

  • Join the live sessions, ask questions, and participate in polls
  • See a list of attendees, speakers and their shared information
  • Send messages and connect with attendees and speakers before, during and after the event
  • Access the program, and schedule sessions you plan to attend
  • Take notes on sessions and email them to yourself after the session
  • Access speaker handouts, session decks, supporting documents, and/or sponsor materials
  • Connect with sponsors, solution providers and exhibitors
  • Watch on-demand recordings of live sessions

Do I need to download anything?

Yes, you will need to download the BAFT Events app either via Google Play or the Apple Store ahead of time if you plan to use your mobile device or tablet. The event app will be available prior to the event. You will receive a personalized link from BAFT reminding you to download the event app.

If you are planning to join the virtual event via your laptop or desktop computer, you simply need to use the online link sent to you as part of your account confirmation.

How will I login in during the event?

To join the virtual event, simply log in to BAFT Events app from your mobile device or tablet, or go online if using a laptop or desktop computer. Make sure to type the email address you used to register for the event as the virtual platform will send you a verification code to validate your registration access to the platform. You may then proceed to the Program, choose a session and click on the ‘Join Live Webcast’ button to join the relevant session.

Will you email me information about logging in and who can help me if I have issues?

Yes, BAFT will send each registrant an email to download the BAFT Events app or to verify your account via desktop. A reminder will be sent closer to the event dates if you have not downloaded and set up your account yet. You can always contact [email protected] if you have issues downloading or logging in to the BAFT Events virtual platform.

What if I cannot attend the sessions live? Am I able to watch later?

All sessions will be recorded and available on-demand to all registered attendees via the app. An email will be sent to all attendees once all of the recordings are available.

What if my institution or company doesn’t allow me to access the platform?

Please test ahead of time to ensure you can join the virtual event. The BAFT Events app works best with Internet Explorer (IE) 11, as well as the latest versions of Firefox, Chrome, Safari, and Microsoft Edge. If using a mobile device, IOS 11 or higher and Andriod 7.0 or higher work best.

The webcast for each session is live streamed via Zoom Webinar. If your device does not have Zoom installed, please make sure you download and sign in to Zoom prior to the virtual event.

To test, sign in to your BAFT Event account then select a session under Agenda or My Schedule and click on the ‘Join Webinar’ link. BAFT Events works in several devices – computers, tablets and mobile phone. If one device doesn’t work, we suggest you test other devices ahead of time to make sure you can access the sessions.

Will I be able to ask questions?

Yes, you can certainly ask questions via the Q&A feature during each session. Polling is available in certain sessions and attendees are encourages to utilize the chat feature as well to dialogue with each other.

Will I be able to speak with the other attendees? Will other attendees be able to see me?

You can connect with attendees before, during and after the event. Simply click the Attendees icon, and you can search, message, exchange contact details and even arrange meeting times with fellow attendees.

No, other attendees will not be able to see you during the live sessions. Zoom Webinar is a one-to-many platform. You will be able to see the speakers and panelists, but they will not be able to see you.

Testimonials

“It was a very informative workshop covering different industry topics including trade finance, anti-money laundering and KYC.”

Workshop Attendee

Milan, Italy

“The tips to use practically were relatable and easy to understand. I could personally relate to the examples provided in my immediate job responsibility.”

Workshop Attendee

Los Angeles, California

“Excellent content and delivery covering a broad range of topics. I also really liked the 'Birds of a Feather' sessions at the end of each day. Extremely engaging!”

Workshop Attendee

Toronto, Canada

“Really solid presentations with a great attention paid to attendee questions. Very, very informative! ”

Workshop Attendee

Richmond, Virginia

“The workshop was very well prepared and easy to participate in. Speakers were easy to follow. I didn't get lost in a conversation like you do in a big conference room trying to listen to technical discussions with a lot of people.”

Workshop Attendee

Denver, Colorado

“The workshop was very informative and I learned a lot about new trade developments. I also benefited from listening to the questions and comments of the other participants.”

Workshop Attendee

Chicago, Illinois


Sponsors