By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.
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.
How effective technology and financing can bring international shipping into the twenty-first century
How to make a millennia-old concept suitable for our evermore digital society
African trade finance literature is often trusted by SMEs and usually omits domestic financial institutional challenges, especially in the Francophone markets.
Ignore pressures to retrench. Trade finance infrastructure needs to grow now more than ever.
As Africa enters a revolutionary period of intra-continental trade, factoring will be crucial to the growth of MSMEs.
Digitalising these documents may seem like a bridge too far for some banks, but the risks of not investing in these technologies are comparatively greater.
Singapore is second only to Bahrain in adopting MLETR
Documentation can be the source of trouble for many buyers and sellers. Here’s how to avoid conflict and disputes when it comes to paperwork.
City Bank has become the first Bangladeshi bank to execute a cross-border Letter of Credit (LC) transaction under a Shariah-based financing arrangement executed using blockchain technology.