The Middle East has recently thrived by capitalising on digital advancements across various sectors.
Hear from Jin Saibo, Attorney at Law, Beijing Jincheng Tongda & Neal Law Firm about the evolving landscape of trade finance, China’s integration of international standards and the country’s innovative transition towards digital negotiable instruments.
The European Banking Authority (EBA) recently issued a consultation paper proposing pivotal changes in the classification of guarantees under banking regulations.
The SBA will extend its guarantee coverage to include bid, performance, payment, and ancillary bonds up to $9 million for general projects and to $14 million for federal contracts, an increase from the previous limits of $6.5 million and $10 million.
TFG and BAFT have announced the launch of a Letter of Credit Guide. Read from leading experts on their definition, uses and intricacies!
Letters of credit remain a core part of documentation in international trade. Despite the ease in cross-border payments facilitated by fintech companies, letters of credit continue to present themselves as indispensable documents in trade finance.
Learn about SBLCs: an irrevocable, independent financial security instrument to protect your investments and liabilities.
Trade credit insurance (TCI) and surety play a vital role in the global economy, yet they are often overlooked. These instruments provide a safety net that allows businesses to navigate unpredictable financial landscapes more confidently, ensuring that their cash flow remains stable and contractual obligations are met.
The UK has provided loan guarantees allowing Standard Chartered Bank to organise financing, enabling British exporter Innovo Group to secure a €415 million contract for essential infrastructure projects in Benguela Province, Angola, situated on the west coast adjacent to the Atlantic Ocean.
Today, the ICC DSI released their 2023 Key Trade Documents and Data Elements (KTDDE) report. The report outlines 14 key trade documents, going into depth on the definitions, purpose, and legal frameworks.