Since the UCP 600’s adoption in 2007, concern has persisted over what the Article 35 rule actually requires of an LC issuer if documents get lost in transit between banks.
Buddy Baker is Vice President in the Investment Banking Division at Goldman Sachs Bank USA, Chicago, IL, and US representative to the ICC Banking Commission.
Buddy Baker excels in mitigating credit risk through a multifaceted approach encompassing letters of credit, credit insurance, receivables financing, export financing, and supply chain financing. His expertise extends to documentary collections and forfaiting, bolstering risk management strategies. As an expert witness specializing in letters of credit, documentary collections, and trade credit insurance, Buddy Baker provides invaluable insights.
Moreover, Buddy Baker’s proficiency spans various specialties including product development, sales, risk management, regulatory compliance, and financial structuring. He is also adept at public speaking, delivering impactful educational lectures, seminars, and workshops. With his comprehensive skill set and extensive experience, Buddy Baker is a trusted authority in credit risk mitigation techniques and strategies.