ASCA (Jordan) Holds a Training Course for the Trade Bank of Iraq on Best Practices in Documentary Credits

AMMAN – The Arab Society of Certified Accountants (ASCA), in cooperation with the Trade Bank of Iraq, held a specialized training course focused on best practices in documentary credits, based on the Uniform Customs and Practice and the International Standard Banking Practice issued by the International Chamber of Commerce (ICC). 

The course addressed the latest developments in the application of documentary credits, with a focus on examining documents in line with international standards and avoiding common errors that may lead to document rejection or delays in completing trade transactions.

ASCA affirmed that this course comes as part of its efforts to strengthen the capabilities of Iraqi banking professionals as well as to support foreign trade by promoting compliance with international standards and reducing legal and commercial risks.  

For its part, the Trade Bank of Iraq underlined the importance of this initiative in enhancing the efficiency of its employees and equipping them with up-to-date knowledge that contributes to improving the quality of banking services provided to its clients.