The bank’s Trade Institute, launched earlier this year, secured the accreditation following what LIBF described as a “rigorous assessment” of its curriculum. The programme has already trained more than 1,000… read more →
The acceptance credit differs from credits available by other forms by being the only type of credit which obligatorily stipulates that drafts are to be drawn. The other methods of… read more →
Digitalisation, long viewed as the catalyst for revolutionising trade finance, is one of the most promising avenues to enhance access to financing, particularly for SMEs. The trade finance sector has… read more →
Technical Committee 68 of the International Organisation for Standardisation (ISO) for financial services standardisation created a common standard, ISO 20022, around two decades ago. This development was transformational. It was… read more →
The annual Trade Register from the International Chamber of Commerce (ICC) in collaboration with Boston Consulting Group (BCG) and Global Credit Data (GCD) has been released, analysing the landscape for… read more →
The project was conducted with participating banks including Lloyds, Emirates NBD Bank, and Federal Bank Limited. It tested the transmission of electronic trade documents between Swift member banks and WaveBL’s… read more →
The collaboration, underpinned by BNY’s Trade Network Access Service, enables mutual access to each institution’s Relationship Management Applications (RMAs), significantly streamlining international trade processes. Jennifer Barker, Global Head of Treasury… read more →
The Vienna-based financial service provider will implement Traydstream’s platform to process export letters of credit, amendments, and document scrutiny: areas which have traditionally required manual processing. The partnership, announced on… read more →
Transactions between Europe and China using trade finance documents like Letters of Credit, Documentary Collections, or Open Account terms, which used to be paper-based and take as long as two… read more →
The advent of digitalisation presents an opportunity to transform trade finance by addressing long-standing inefficiencies and one such innovation is a digital version of the bill of exchange called the… read more →
