If your work involves international trade transactions, you will find that one of the most common and useful SWIFT Codes that you will encounter is SWIFT code MT 754.
Trade and supply chain finance provide innovative solutions for the working capital gap faced by growing companies.
How has SWIFT changed, what challenges have they faced and how will they continue reinventing themselves in the highly competitive global payments market?
SWIFT is a communication platform that allows members to connect and exchange financial messages securely and reliably.
The global leader in cloud payments and financial messaging, Volante Technologies, announces partnership with MDSL to enhance banking payments in Egypt.
Since the inception of UCP 600, trade finance professionals, in particular, the letter of credit community, have been discussing the need for and consequences of modifications and exclusions to the rules in commercial LCs issued under UCP 600.
The need for trade digitization has never been more prevalent than it is today, especially with pandemic-induced restrictions emphasizing the inefficiency of paper-based trade. Our Editor, Deepesh Patel sat down with Contour’s CEO and Chief Product Officer, as well as TradeLens’ Head of Strategy and Operations, to discuss how fintech can come together to partner to solve these problems.
Has digital trade finally arrived with the ICC eRules guidelines? John Dunlop explains how this might be true.
Developing and harmonising existing standards within trade finance is key for digitalising trade.
Since Brexit, UK businesses and their EU clients have been hit with increased euro transaction fees which could potentially cost them millions.
SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards – specifically those relating to guarantees
With all eyes on financing, we should be careful not to disregard the role of payments in helping MSMEs plug into the global economy.
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.
In this article, John Dunlop takes a look at a documentary trade payment (DTP) and whether it can be substituted for a documentary collection using UCP rules.
The Covid-19 pandemic is accelerating trends and technologies that came online before January 2020 and were just getting traction.