International Trade

Understanding letters of credit

Learn the fundamentals of documentary credit

Friday, December 11, 2015 from 8:30 A.M. to noon


Ronny Favel

Ronny Favel

Senior Advisor
Compliance - International Trade Transactions
National Bank of Canada

More information >

Ronny Favel is a Senior Advisor in the International Trade Transactions department at the National Bank of Canada in Montréal, where she mainly deals with compliance issues.

In 2012, Ms. Favel joined the standby letters of credit and letters of guarantee team in the International Trade Transactions department at the National Bank of Canada.

Ms. Favel has an extensive background in international trade products, financing activities for international trade, and operational risk management.

Before starting at the National Bank of Canada, Ms. Favel was a lawyer at the Brussels Bar and worked for large law firms in Brussels, where she notably practiced business law—more specifically commercial and tax law.

Ms. Favel holds a Master’s degree in law, with a complementary Master’s in tax law, both from the Université libre de Bruxelles.

Why You Should Attend?

To learn the principles, applications, and components of documentary credit, and thereby:

  • Understand the purpose, use, and different types of letters of credit
  • Know the characteristics of documentary credit
  • Learn the progression of documentary credit
  • Name the different parties involved, know their respective responsibilities
  • Understand the role of the customs and practice for documentary credit
  • Recognize the possibilities for financing via documentary credit

Who is it for?

Focus on your international development by taking the Board of Trade’s new training course, which includes this session, as well as the following two workshops:


December 4, 2015 from 8:30 A.M. to noon

Negotiating, drafting, and managing your international distribution contracts

October 30, 2015 from 8:30 A.M. to noon

Preparing an international business plan

Register for the course before October 23, 2015 to take advantage of a 15% discount.

The activity will be held in French.


  Members Non members
Ticket(s) $169* $239*
* Taxes not included. Become a Member

By phone
514 871-4001

Comments and suggestions

Line Leblond
Project Manager, Training

The workshop expenses are tax deductible (provicial and federal).

The cost of the workshop is eligible as an expense under the 1% Training Investment.

Cancellation policyNo reservations, cancellations or refunds as of 2 days before the event. Participant substitutions are accepted at no extra charge until the event is held. Please note that only written cancellation notices sent by fax at 514 871-5971 or by email at will be accepted.


Board of Trade of Metropolitan Montreal
380 St. Antoine Street W. Suite 6000

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Who Should Attend?

For all individuals beginning to work with or for those who occasionally work with documentary credit.

Minimize the risks inherent to international trade

In collaboration with:

  • EDC
The "Exporting Québec" initiative 
is produced in cooperation with:

Official airline of the
"Exporting Québec" initiative:

LaPresse+   AIR CANADA
WTC Montréal receives financial
support from Canada
Economic Development.

Affiliated with the World Trade
Centers Associations


Canada Economic Development   World Trade Centers association (WTCA)