Walter (Buddy) Baker
Walter (Buddy) Baker has over 25 years of
experience in international trade finance. In September 2005 he joined
Atradius Trade Credit Insurance, where he is responsible for assisting
exporters and banks with structuring financing for export receivables.
Headquartered in the Netherlands, Atradius is the second largest credit
insurer in the world, covering over $300 billion in world trade each
year. Prior to Atradius, Buddy’s career was on the banking side, most
recently including 10 years with ABN AMRO Bank as Global Head of
Technical Trade Advisory/Compliance.
Buddy is a recognized expert in trade
finance and has made numerous presentations for national associations of
exporters, importers, bankers, and lawyers. He is a long-time member of
the National Letter of Credit Committee of the International Financial
Services Association and is actively involved in establishing national
and worldwide standard practices for L/Cs, such as the current versions
of the Uniform Customs and Practice for Documentary Credits (“UCP500”),
Article 5 of the Uniform Commercial Code, the International Standby
Practices (“ISP98”), and the recent “eUCP” supplement to the UCP,
dealing with electronic documents, and the official ICC guide for
examining letter of credit documents, the International Standard Banking
Practices for the Examination of Documents under Letters of Credit (“ISBP”).
Presently, he is involved in a revision of the UCP (sometimes referred
to as the “UCP600”), expected to be completed in 2006, and acts as an
advisor to the Wolfsberg Group, an international group that includes
most of the largest banks in the world whose purpose is to set standards
for combating money laundering, and to the Institute for International
Banking Law and Practice. He also serves on the Board of Directors of
the FCIB, a multinational association of export credit managers.
Buddy received his undergraduate degree from Yale University and his MBA