US UCC Article 5’s Non-Variable Provisions
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
Very few banks will now issue an LC using the SWIFT MT799 format as most banks, especially in Europe, will
A long time banker shares insights on his observations and experiences with the major upgrade to the SWIFT 760 (guarantees/standby LCs) series of message types that took effect in November 2021.
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