The collapse of traders like Hin Leong Trading Pte Ltd and Zenrock Commodities Trading Pte Ltd (“Zenrock”) left banks that made payments under letters of credit (LCs) out of pocket… read more →
A deferred payment credit, or letter of credit (LC) available by deferred payment, specifies a tenor for payment of drawings under the LC. The tenor may be stated as a set number of days from a date such as shipment or invoice date. Payments under deferred payment credits are made at the maturity of the stipulated tenor.
Buckle up, and fasten your seatbelts! It’s been another turbulent year for trade, treasury and payments. Our data team poured through the analytics of hundreds of podcasts, videos and stories… read more →
This article will explore digitisation vs digitalisation, explaining the differences between these two concepts and providing examples of their applications and implications in especially trade finance industry. What is trade… read more →
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 →
