In Central Asia and Caucasus, the potential annual market for SCF is relatively large, up to $18 billion in the medium term. However, few countries in this region use any form of SCF, and in some, the concept is barely known.

In Central Asia and Caucasus, the potential annual market for SCF is relatively large, up to $18 billion in the medium term. However, few countries in this region use any form of SCF, and in some, the concept is barely known.

In 1977, as Mr Justice Kerr was coining his often-cited description of the letter of credit as the “lifeblood of international commerce”, the obstruction caused by the use of sanctions in international trade as a weapon of foreign policy would have been difficult to predict. The modern use of sanctions clauses would have been beyond comprehension.

The trade finance industry has long strived for inclusivity. It recognises the importance of embracing an overarching vision that fundamentally reimagines its practices. To fully realise this vision, it is imperative to actively engage African voices in trade finance discussions.

US manufacturing experienced a further decline in June, reaching levels not seen since the initial wave of the COVID-19 pandemic. However, there is a positive aspect as price pressures at… read more →

Bahrain and the UK have officially entered into a memorandum of understanding (MoU) to establish a strategic investment and collaboration partnership. The agreement paves the way for Bahrain‘s private sector,… read more →

The International Chamber of Commerce (ICC) has announced the update and alignment of three critical banking rules following a mandate from the ICC Global Banking Commission members in October. The… read more →

The ICC has unveiled eUCP Version 2.1, an alignment of the eUCP with the UNCITRAL MLETR

At ICC Austria’s Trade Finance Week, Trade Finance Global spoke with Isaac Mahanke, group head for traditional trade products at Standard Bank, to shed light on the prevalence and advantages of demand guarantees in Africa. 

In this article, EBRD’s Ralph De Haas and Rudolf Putz talks about ways to improve regulatory compliance for trade finance and correspondent banking.