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).
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.
It is interesting to read the latest publication from two Harvard Scholars, Larry Beeferman and Allan Wain entitled “Getting Real about Islamic Finance”. In this publication, the importance of trade… 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 →
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 →