Anti-money laundering is the process of financial institutions and other business entities using in-house (sometimes assisted by external parties – more on this to come) methods to address the risks posed by Trade-Based Money Laundering.
At Trade Finance Global we get asked numerous questions around Letters of Credit, so we’ve put together a list of the top questions asked regarding payment times and the presentation… read more →
You might have had thousands of international wire transfer transactions already, but only now have you thought about how these transactions work. How is it possible for banks to communicate… read more →
December 2018 marks the end of a year of volatility, technological breakthroughs and geopolitical tension. No matter where in the world you are, protectionist policies, unpredictable trade wars and unprecedented… read more →
SWIFT MT799 versus MT760 MT799 is a digital message that is sent between banks; with the aim of showing funds or proof of deposits. It is important to note that… read more →
We spoke to Bob Ronai, Managing Director at Import-Export Services Pty Ltd about the top 3 issues SMEs and banking specialists face when it comes to international trade rules.… read more →
Invoice finance is a type of asset backed finance, where the underlying asset is the accounts receivable. Accounts receivable essentially means ‘money owed’ and is usually through the form of… read more →
When exchanging goods and services overseas, you’ll often come across important trade terms such as bills of exchange, prom notes and trade bills. We’ve quickly summarised the three terms, and… read more →
At Trade Finance Global we get asked a lot of questions around Letters of Credit, so we’ve put together a quick cheat sheet on LCs, payment times and the presentation… read more →
This is the term used for the department in a commercial or investment bank where trade transactions (cross border and domestic) are financed. Financing is usually between a supplier and… read more →
Pre-export finance (PXF) is a type of finance product with a specific aim of providing finance for producers of commodities and other products. The reasoning behind these facilities is so… read more →
Trade in Services – What does this mean and how does it affect my business? Trade in services is sometimes referred to as an international trade of services. It is… read more →
Trade Loans – What are they and how can they be used? Trade loans are facilities used by importers, exporters and domestic traders. They are short term in nature and… read more →
MT799 Explained When dealing with Bank Guarantees, Documentary Credits, and Letters of Credit (LCs), one may hear the term ‘MT799’ being used. MT799 is a message that is sent between… read more →
The law underpinning financial products is inevitably very important when structuring a facility. The concept of trade finance law also adds a level of difficulty as we usually see a… read more →
