Bonds, Guarantees and Letters of Credit

It’s around two weeks until the SWIFT Standards Release 2021, which is one of the items seemingly on everyone’s lips.

The magnitude and pressure around climate change and the United Nations (UN) agenda can give an opportunity to make a joint effort to transform supply chains more sustainable.

How has SWIFT changed, what challenges have they faced and how will they continue reinventing themselves in the highly competitive global payments market? 

The digital transformation of the banking operations of guarantees and documentary credits to shift from the paper-based and labour-intensive models to a digital trade ecosystem.

The 2021 ICC Trade Register summary, on the credit risk profiles of trade finance, supply chain finance and export finance transactions. Read our summary on 38m transactions representing USD $19.2t exposures, and 28% of global trade flows.

MSMEs are the backbone of the economy, however, they have faced a stream of obstacles on their road to obtaining crucial financing, particularly in emerging and developed markets, such as India and Southeast Asia.

Developing and harmonising existing standards within trade finance is key for digitalising trade.

Money laundering has become more visible in global trade over the past few years, and several organizations are trying to identify and prevent it.

London. Trade Finance Global (TFG) is delighted to announce it’s partnership with Surecomp’s latest free webinar: Next Gen Trade Finance Digitization.

SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards – specifically those relating to guarantees

Trade finance has a significant role to play in sustainable development and ESG, which extends to addressing global challenges around climate change, human rights and biodiversity.

In this second installment of my two-part article, I endeavour to consider the documentary credit from the point of view of an exporter as well as its bank and provide some advice on how to best benefit from the effective use of documentary credits.

ESG. Environmental, Social and Governance. Three words we hear more and more. But what does it actually mean?

We take a dive into the world of Letters of Credit (LCs) and Standby Letters of Credit – some of the essential tools in cross-border trade transactions.

Documentary credits are one of the oldest, most sophisticated, and safest payment instruments used in international trade.