SWIFT
ICC, SWIFT Primed to Finalize API Standard for Attachments
Operating on the premise that the trade finance industry currently lacks a standard document exchange proposition for trade finance instruments,
WaveBL Completes Proof of Value for eBL Platform
Blockchain-based electronic bill of lading platform, WaveBL has announced completion of its proof of value (POV) testing with Swift, five
US Takes Sweeping Action against Russian Banking System
Seeking to further eliminate options for Russia’s use of the international financial system, the US Treasury’s Office of
2024 Singapore Annual LC Survey • Executive Summary
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
When the Beneficiary Bypasses the Nominated Bank
ICC TAB 9 points out that there is a risk of documents being presented to more than one bank at the same time, especially under an LC that is freely negotiable, but it stops short of making any recommendations for avoiding this risk. Here’s my suggestion.
ISP98, A Success Story
A member of the ISP drafting group offers perspective on the vision, birth, development, and future of the international rules built 25 years ago for standby LC practice.
What to Watch For: Six Trends in Letter of Credit Practice (2012)
Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.
ICC & Swift Release API Standards for Guarantees & Standbys
The ICC announced on 13 August 2023 release of the first application programming interface (API) industry standards for bank guarantees
Almond Ailments: Seller Finds Jurisdiction a Tough Nut to Crack
Does an NY court have jurisdiction over an Indian collecting bank that is alleged to have violated the URC 522 for neither collecting and remitting funds to pay for shipments?
