Introduction to Letters of Credit Did you know, SMEs account for 99% of UK business, and 46% of them experience some form of cash flow problems? Most trade in the world… read more →
Letter of Credit FAQs Documents accepted as present An issuing bank could use the term ‘documents accepted Does this mean: The only requirement under such an expression (which is undefined… read more →
From Xenocurrency to Yield, Voltron to UCP, we’ve got you covered in Part 2 (N to Z) of our Trade Finance A to Z series. An A to Z of… read more →
We spoke to Head of Global Trade & International Banking, Francisco Javier Fernández de Trocóniz at BBVA about the first blockchain based trade transaction between Europe and Latin America, following their… read more →
At Trade Finance Global we get asked a lot of questions around Letters of Credit, so we’ve put together a quick cheat sheet on LCs, payment times and the presentation… read more →
Top 10 questions on trade finance, covering letters of credit, bills of lading, avalisation, documents, reverse factoring, and bank guarantees. Read our FAQ.
There are a number of difficulties with using a Letter of Credit, but they are one of the most widely used instruments for trade. Letters of credit are used in… read more →
At Trade Finance Global, many people ask whether the UCP 600 will be revised. The UCP 600 is a set of rules developed by the International Chamber of Commerce on… read more →
Many industries are financially regulated and governed to facilitate trade, prevent risks and standardise rules. The UCP 600 (“Uniform Customs & Practice for Documentary Credits”) is the official publication which… read more →
Letters of Credit (LCs) are instruments which guarantee sellers payment if certain terms and conditions are met. They are frequently used in international transactions and have many different types. We… read more →