SWIFT have today released their latest update with details of the banks and corporates that have indicated their readiness to transact using a bank payment obligation as the chosen trade finance solution.
Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more
This briefing, focussing on the acceptance and rejection of amendments, describes the necessary process for the proper handling of tamendments and the best practices associated with determining their acceptance or rejection...more
