By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.

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.

The global economy is bouncing back in terms of confidence, orders, employment and spending, according to the latest ACCA and IMA Global Economic Conditions Survey (GECS). The survey of 1,000… read more →

After Covid-19 crippled global commerce, the World Trade Organization said March 31 that it expected the planet’s merchandise trade to increase 8% in 2021 after contracting 5.3% in 2020.

HSBC and the Asian Development Bank (ADB) today announced a USD300m financing programme to help the region’s supply chains scale-up to deliver life-saving vaccines at both volume and pace. The… read more →

Banks can play a frontline role in closing the sustainable trade finance gap and supporting a green recovery post-COVID-19 by embedding ESG checks, fostering collaboration and inclusion, and mainstreaming digital solutions.

ESG. Environmental, Social and Governance. Three words we hear more and more. But what does it actually mean?

Fresh Federation of Small Businesses (FSB) research shows those selling into the bloc suffering more as a result of new paperwork than importers. The vast majority of those doing business… read more →

The trade consequences of Brexit already include a dramatic shrinking of commerce with the EU, an expansion of trade with other allies, and redrawing of supply chains for companies.

We spoke to BACB’s new Money Laundering Reporting Officer on the new risks when combating fraud, and the role new technologies can play in fighting financial crime.