International trade is the lifeblood of the global economy serving as a vital catalyst for economic growth, innovation, and prosperity across nations, including in the MENA region.

This article was originally published in Documentary Credit World (DCW), published by the Institute of International Banking Law & Practice.

Uncover the truth behind the hype of Generative Artificial Intelligence (GenAI) and its implications for trade finance.

Discover how UCP rules shape Standby Letters of Credit, making global trade smoother and more reliable for finance pros. Read more here.

Letters of credit remain a core part of documentation in international trade. Despite the ease in cross-border payments facilitated by fintech companies, letters of credit continue to present themselves as indispensable documents in trade finance. 

Learn about SBLCs: an irrevocable, independent financial security instrument to protect your investments and liabilities.

In order to communicate with each other, banks use a messaging system called SWIFT (Society for Worldwide Interbank Financial Telecommunication), which provides a standardized and secure way to exchange information. There are several different types of SWIFT messages that banks use for various purposes.

As Contour, the last-standing global trade finance project built on DLT moves to its next stage, we should be honest about what this speed bump means for trade, trade finance, and blockchain. 

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