Misr Technology Services (MTS), which operates Egypt’s National Single Window for Foreign Trade platform (Nafeza), has authorized CargoX to act as the blockchain document transfer gateway for the Advance Cargo Information (ACI) System.
HSBC India and HSBC UAE have successfully executed a blockchain-enabled, live trade finance transaction between Tata Steel Ltd. (India) and Universal Tube & Plastic Industries Ltd. (UAE). This is a… read more →
Trade finance has a significant role to play in sustainable development and ESG, which extends to addressing global challenges around climate change, human rights and biodiversity.
The APPG for Trade & Export Promotion has set out an 11-point trade framework, including targets to double intra-Commonwealth trade and improve labour standards Report warns that trade policy is… read more →
African Export-Import Bank (Afreximbank) on 31 March 2020 released its audited financial statements for the year ended 31 December 2020, showing strong and resilient growth, with total comprehensive income of… read more →
ITFA, a leading trade finance industry body, has released an in-depth guide to Structured Letters of Credit. These are instruments which provide substantial funding to trade in emerging markets, but … read more →
UK companies help bring new hospitals, clean energy, and transportation to developing countries following record levels of UK Export Finance backing UK Export Finance backed £2.4bn of sustainable projects overseas… read more →
Your Monday morning coffee briefing from TFG. The world is emerging from a deep recession, and the recovery is coming faster than expected. With more than 800m vaccines administered globally, activity holding up despite lockdowns and additional fiscal stimulus coming. The IMF expects the global economy to stage a strong recovery, growing by 6.0% this year, with growth of 4.4% in 2022.
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.
