Your Monday morning coffee briefing from TFG, 20 February 2023

UCP 600 article 2 states that a “Complying Presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice.”

Though an important instrument in international trade, letters of credit are complex, and their definition can cause confusion….

ING announced today that it has spun out Loan Optics to vc trade GmbH, the leading digital platform in the market for private placement and promissory note loans. Loan Optics… read more →

Tata Power, an integrated power company in India, has partnered with Contour, a digital trade finance network based out of Singapore, to make its financial management process more robust, transparent… read more →

Surecomp today announced that it is partnering with WAVE BL, a blockchain-based digital platform, to further enhance digital trade finance workflows by enabling access to electronic bills of lading in… read more →

Following the latest Q3 2022 edition of its quarterly letter of credit (LC) statistics for US banks, Documentary Credit World (DCW) has released its analysis of LC issuance from banks in the country.

The shift to a more digital form of globalisation changes who is participating, how business is done across borders, and where the economic benefits are flowing. This creates a new paradigm where not only large corporates, but also retailers, SMEs, and individuals can use international payments, integrated commerce, or trade interfaces regularly.

This article was originally published on December 19 2022 by Watson Farley & Williams LLP. TFG would like to thank Kimarie Cheang and Chengxi Tan for their contribution.

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