Transactions across international borders are fraught with risk and complexity. Faced with this, many firms and investors can baulk at engaging in such transactions, even when they know them to be ...

What about the eUCP Recently, the ICC updated eUCP 600 rules (eRules), to accelerate the digitilisation of trade finance. Trade Finance Global have published the updates on the eRules for ‘eUCP 600’, ...

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The purpose of Bonds and Guarantees is to provide the buyer with insurance of sorts should there be a failure by the seller to meet their contractual obligations. The 3 different types of bonds and ...

Join the TFG Trade Finance Forum 2025 in London on 9 December, bringing together banks, insurers, fintechs, and SMEs to explore key challenges in trade finance. Discuss unlocking liquidity, improving ...

[UPDATED 2025 ] Ultimate Guide to UCP 600 - what is the UCP 600? An in-depth guide to the latest version of the Uniform Customs and Practice for Documentary Credits convention (UCP 500 and UCP 600), ...

[UPDATED 2025] LCs versus BGs: A Letter of Credit (LC) is a promise taken on by a bank to pay a party once certain criteria are met, whereas a Bank Guarantee is a bank's commitment to pay the ...

An example of an MT 799 message could be as follows: We Refer To Our MT [nnn], Date [YYMMDD], [Input Information on the Beneficiary, Total Letter of Credit amount, Dates etc.] “Our Client reports ...

[UPDATED 2025] Download the Trade Finance App by Trade Finance Global. Over 160,000 monthly readers trust Trade Finance Global (TFG) to help them make sense of the world of international trade and ...

The Goods and Service Tax (GST) is a term signifying one tax, one nation policy. An end-user that consumes any good (s) or service (s) pays the GST. We get the concepts of IGST, SGST and CGST when we ...

Invoice factoring allows a business to grow and unlock cash that is tied up in future income, so that it can re-invest that capital and time is not spent collecting payments. Thus, there is a removal ...

[UPDATED 2025] A Standby Letter of Credit (SBLC / SLOC) is seen as a guarantee that is provided to a potential buyer or contractor. An SBLC is payable when called upon by the beneficiary and may be ...