With all eyes on financing, we should be careful not to disregard the role of payments in helping MSMEs plug into the global economy.

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.

In this article, John Dunlop takes a look at a documentary trade payment (DTP) and whether it can be substituted for a documentary collection using UCP rules.

The Covid-19 pandemic is accelerating trends and technologies that came online before January 2020 and were just getting traction.

Interbank and bank-to-corporate messaging remains a challenge, and whilst the industry welcomes moves towards structured data and SWIFT’s new messaging types, there are still challenges.

SWIFT – Explained SWIFT codes are composed of eight to eleven alphanumeric characters. Here is the breakdown of the codes: In financial transactions, everything happens within the banks. The sender… read more →