We heard from ICC United Kingdom’s Chris Southworth, Professor Charles Debattista and David Lowe from the ICC Incoterms® 2020 Steering Committee. We hear about the importance of Incoterms® in international trade, why they are changing in 2020, and what businesses should be thinking about in order to prepare for these changes.
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.
The International Chamber of Commerce (ICC) announced that it has accelerated attempts to digitalise of trade finance by releasing two new sets of enhanced rules, Uniform Customs and Practise for Documentary Credits (eUCP) and Uniform Rules for Collections (eURC 522).
We heard about the global state of the SCF market. Collaborators: Dr Rebecca Harding, Mark Abrams and Simon Kleine
Anti-money laundering is the process of financial institutions and other business entities using in-house (sometimes assisted by external parties – more on this to come) methods to address the risks posed by Trade-Based Money Laundering.
An interview with Kirk Lundburg, President and CEO of Trade Technologies. Kirk Lundburg has been President and CEO of Trade Technologies since 2002. Kirk is responsible for Trade Technologies’ business… read more →
Earlier this week, Ripple announced that Euro Exim Bank, a specialised UK-based trade institution, was the first bank to publically announce that it will be using Ripple’s XRP cryptocurrency to… read more →
A judgment handed down by the English Commercial Court in 2018 illustrates how trade finance banks can find themselves facing unexpected risks when things go wrong in their customers’ trading… read more →
CryptoOracle Co-Founder claims “decentralisation is a better way forward than the current state of market concentration.” Lou Kerner on Israel’s blockchain scene, invoice financing and decentralisation CryptoOracle’s co-founder, Lou Kerner,… read more →
SWIFT MT799 versus MT760 MT799 is a digital message that is sent between banks; with the aim of showing funds or proof of deposits. It is important to note that… read more →
Whether you are an owner of a large factory, an eBay or ecommerce seller or a farmer, logistics will be the backbone of your business. It doesn’t matter how good… read more →