Review of Bank Guarantees in International Trade (R Bertrams)
Customer Rating: 
This book is a godsend for people working in the highly specialized world of independent bank guarantees and standby letters of credit. It has been endorsed by the International Chamber of Commerce (ICC).
I have not been able to find another book that even comes close in the wealth of information and detail that this treatise gives on the subject of bank guarantees. It also includes the URDG and ISP codes in appendices. The authors knowledge of the subject has incredible breadth and depth and covers everthing from the basics(e.g., legal nature of instrument, types of guarantees)to the very advanced sub-topics(e.g., methods of payments, fraud, etc)
It is a heavy read, written more for as legal practitioners specializing in banking law and solicitors. It is essentially a juridical treatise of bank guarantees.
Although it is not written expressly as a "best practices" for bank guarantee administration(i.e., trade finance banking or corporate treasury),there is much practical information that could be useful to treasury and commercial bank managers.
I definitely recommend a thorough read of this book if you are in need of information on the subject.
Billy Potsos, c.p.a.
Senior Manager,Bank Guarantees Department
Bombardier Treasury Europe
Zurich, Switzerland
