It is estimated that the worldwide amount of factoring in 2013 was $3.08 trillion, which is an increase of more than 5 percent from 2013, according to a report from… read more →

Bank Guarantee vs Letter of Credit Letters of Credit reduce the risks of not getting paid after the product has been delivered An LC is a promise by a financial… read more →

Where all documents are to be marked drawn under LC number 123 dated 01.01.2015 and the documents presented mentions ‘LC number 123 dated 01.01.2015.’ How is clause 47A applied? This… read more →

At Trade Finance Global, we’re regularly asked what wording to follow in a trade finance transaction. Such guidance can be found in the UCP 600, which is the Uniform Customs… read more →

This refers to a Letter of Credit when the words “documents acceptable as presented” are used. Typically this means that only 3 elements will be examined: At least one of… read more →

In the Bank of England January 2014 Trends in Lending report some interesting changes are outlined. In the report, the Bank of England looked at major UK lenders including Banco… read more →