TFG’s Deepesh Patel spoke to ITFA’s Chairman, Sean Edwards, about the ITFA Structured Letters of Credit Working Group, and the emergence of Structured Letters of Credit as a variant of Traditional LCs.
Closing a deal between an unknown buyer and seller is difficult. Add to this the cross-border element and the many different agents on the way, and trade suddenly gets complicated.
TFG’s editor, Deepesh Patel had the pleasure of speaking with Stacey Facter from BAFT, Christian Hausherr from Deutsche Bank AG and the Global Supply Chain Finance Forum and John Monaghan from Citi Treasury and Trade Solutions at BAFT’s Virtual Global Annual Meeting.
Owing to the pandemic, eUCP Version 2.0 and eURC Version 1.0 rules created by the ICC have received increased interest over the past few months. There is a growing realisation by practitioners that paper documents are causing delays and disruption.
Eleonore Treu, Hugo Verschoren and Donald Smith, breakdown Letters of Credit and some of the prominent issues surrounding this instrument. Is there a need for a new “Lite” LC product? How to mitigate the complexity and discrepancies inherent to Letters of Credit?
The ICC has published its 2019 and 2020 interim findings from its Trade Register on the performance of short-term trade and supply chain finance assets.
London. Trade Finance Global (TFG) is delighted to announce it’s partnership with Surecomp’s latest free webinar: Next Gen Trade Finance Digitization.
If you blinked and put your feet up this bank holiday weekend, you probably missed out on a few important milestones for digitalizing trade.
SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards – specifically those relating to guarantees
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