TFG’s Deepesh Patel spoke to ITFA’s Chairman, Sean Edwards, about the ITFA Structured Letters of Credit Working Group, and the emergence of Structured Letters of Credit as a variant of Traditional LCs.
TFG’s editor, Deepesh Patel had the pleasure of speaking with Stacey Facter from BAFT, Christian Hausherr from Deutsche Bank AG and the Global Supply Chain Finance Forum and John Monaghan from Citi Treasury and Trade Solutions at BAFT’s Virtual Global Annual Meeting.
Developing and harmonising existing standards within trade finance is key for digitalising trade.
Eleonore Treu, Hugo Verschoren and Donald Smith, breakdown Letters of Credit and some of the prominent issues surrounding this instrument. Is there a need for a new “Lite” LC product? How to mitigate the complexity and discrepancies inherent to Letters of Credit?
TFG spoke to CargoX about their Blockchain Documentary Transfer (BDT) programme, Advanced Cargo Information and Single Windows
SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards – specifically those relating to guarantees
In this second installment of my two-part article, I endeavour to consider the documentary credit from the point of view of an exporter as well as its bank and provide some advice on how to best benefit from the effective use of documentary credits.
We take a dive into the world of Letters of Credit (LCs) and Standby Letters of Credit – some of the essential tools in cross-border trade transactions.
Documentary credits are one of the oldest, most sophisticated, and safest payment instruments used in international trade.
African trade finance literature is often trusted by SMEs and usually omits domestic financial institutional challenges, especially in the Francophone markets.
Digitalising these documents may seem like a bridge too far for some banks, but the risks of not investing in these technologies are comparatively greater.
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.
Contour announces a partnership with TradeSun, to simplify the handling and authentication of paper-based documents into R3 Corda.
The Covid-19 pandemic is accelerating trends and technologies that came online before January 2020 and were just getting traction.
TFG heard from Trade & Export Finance Specialist, Domenico Del Sorbo on practical aspects of payment instructions in international trade.