SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards – specifically those relating to guarantees
Trade finance has a significant role to play in sustainable development and ESG, which extends to addressing global challenges around climate change, human rights and biodiversity.
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.
African trade finance literature is often trusted by SMEs and usually omits domestic financial institutional challenges, especially in the Francophone markets.
The most important IT investments of companies, banks, and financial institutions are in collaboration with business partners, digital transformation, big data, and analytics, as well as artificial intelligence and machine learning.
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.
A documentary trade credit (DTC) is a trade finance substitute for a commercial bank documentary letter of credit. A DTC is issued and negotiated under the same UCP guidelines as a documentary letter of credit; except the funds supporting the instrument are available with a third party international escrow company instead of a commercial bank.
On the 15th November, 2020 several Heads of State/ Government of the Member states of the Association of Southeast Asian Nations (ASEAN) and other nations met virtually to witness the signing of The Regional Comprehensive Economic Partnership (RCEP) agreement – solidifying over 8 years of negotiations and challenges.
Citi Treasury and Trade Solutions announces the launch of a green time deposit product with enhanced yield.
The present article discusses the potential benefits of using blockchain technology for trade finance activities and highlights significant challenges facing the blockchain’s adoption
We take a look at the role of multilaterals and public-private partnerships can help the trade finance community achieve sustainability objectives.
EUF plays an important role for our industry today more than ever and confirming FCI’s support regarding the lobbying of the new definition of default with the EBA.