TFG heard from BACB’s Jeff Fallon, arguing that deeper Africa-Europe integration will be challenging in the new environment – here’s why.
TFG heard from Joel Schrevens, China Systems, shedding light on trade data. Is SWIFT MT7xx or ISO20022 the right way forward? Why didn’t the BPO take off?
Change is not just coming; change is here today, now. The impact of using electronic trade documents instead of hard copies of bills of lading, invoices, packing lists, and certificates to settle trade transactions via the Internet will be as profound to global trade finance as the containerization of cargo was to logistics.
Letters of Credit are an involved subject. Bankers spend lots of time studying the various types and rules and regulations. “But hold on” I hear you say. I thought this article was entitled ‘Demystified.’ Well, for the typical importer or exporter dealing in individual transactions, they can be quite straightforward.
A Usance Letter of Credit (also known as a deferred LC) is payable at a future point following the conditions of the LC being fulfilled and the confirming documents being presented. Read our 2020 TFG Letter of Credit Guide on Usance Letters of Credit for Trade.
The rise in trade-based money laundering (TBML), combined with the enormous regulatory fines and ongoing scrutiny from various government agencies, has created a need for enhanced financial transparency, specifically where… read more →
Top 10 questions on trade finance, covering Letters of Credit, Bills of Lading, Avalization, Documents, Reverse Factoring and Bank Guarantees. Read our Q&A.
What is the difference between Red Clause and Green Clause Letters of Credit? Definition and explanation of Red and Green LCs by Trade Finance Global
What is the difference between a Bank Guarantee and a Letter of Credit? Bank Guarantees and Letters of Credit (LCs) are used in trade to carry out international transactions. LCs… read more →