Further to the decision made in the Court of Appeal Malaysia (appellate jurisdiction) between Punjab National Bank (PNB) and Malayan Banking Berhad (Maybank), Maybank has successfully obtained leave from the Federal Court of Malaysia Putrajaya to file an appeal against the decision made in the Court of Appeal Malaysia
TFG spoke to UCP 600 expert David Meynell, senior technical advisor for the ICC Banking Commission and digital rules advisor to the Centre for Digital Trade and Innovation, to discuss the evolution of the UCP 600 and supplementing rules for documentary credits.
In the D rules delivery does not occur until a named destination place. How it gets there, what origin port or place it left and when it left are all irrelevant. This puts the D rules completely at odds with the typical LC that requires a port of shipment, port of destination and a latest shipment date.
As global central banks hike rates to rein in inflation, and businesses battle with sourcing goods through choked supply chains exacerbated by the war in Ukraine and Chinese lockdowns, Africa finds itself with a growing problem–accessing US dollar liquidity.
What is the difference between a red clause letter of credit and a green clause letter of credit? Read TFG’s 2022 letter of credit guide now!
Trade Finance Global surveyed firms throughout Europe to gain an understanding of SMEs’ trade finance usage norms and their propensity to pay for new or additional trade finance products and services.
When using an usance or deferred letter of credit, the issuing bank must make payment by a preset date. This makes planning easier and unlocks working capital.
Trade Finance Global (TFG) surveyed firms throughout Europe to gain an understanding of SMEs’ trade finance usage norms and their propensity to pay for new or additional trade finance products and services.
Despite high inflation, record energy prices, and geopolitical uncertainty, demand for trade finance SMEs is on the rise.
The Trade Finance Distribution Initiative (TFDi) recently heard from Trade Finance Global’s (TFG) MD, Global Head of Trade & Receivables Finance, Mark Abrams.
Certified Documentary Credit Specialist Ravi Jinugu explains the motivations and rationale for variation of Incoterms® rules.
For decades, trade document checkers at banks have mastered the crucial, time-consuming, and somewhat niche skill of manually reviewing complex documents to ensure they meet international standards.
Trade Finance Global have partnered with Google (Market Finder) to launch a comprehensive trade finance series of guides.
Contour, the global digital trade finance network has today announced its collaboration with TradeLens, a blockchain-based supply chain platform that enables the secure and transparent transfer of electronic bills of… read more →
The metaverse could spell a watershed moment in human economic history. It will reinforce the concept of global human culture, set rules for worldwide continuous automated trading 24/7, and forever alter our understanding of trade markets.