Has digital trade finally arrived with the ICC eRules guidelines? John Dunlop explains how this might be true.
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.
Interbank and bank-to-corporate messaging remains a challenge, and whilst the industry welcomes moves towards structured data and SWIFT’s new messaging types, there are still challenges.
SWIFT – Explained SWIFT codes are composed of eight to eleven alphanumeric characters. Here is the breakdown of the codes: In financial transactions, everything happens within the banks. The sender… read more →