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SWIFT release latest data regarding market adoption of the BPO

18/04/2014 SWIFT have released the latest data concerning bank adoption of the BPO together with an update of the live transactions. Details can be found in the following presentation http://www.swift.com/assets/corporates/documents/business_areas/trade_bpo_market_adoption.pdf

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ICC Release two new Trade Advisory Briefing Papers 06/08/2026

Briefing Paper No...more

Nominations for ICC Taskforce on Guarantees 06/08/2026

Nominations are open for membership of the Taskforce on Guarantees, which serves as the ICC Banking Commission’s expert body on demand guarantees and related ICC rules and instruments, including URDG 758 and associated guidance...more

Latest Question

For domestic UPAS L/C, the applicant requested us to issue UPAS L/C with condition "Documents presented by the Applicant are acceptable". They also submit the authorization from Beneficiary that allows the applicant to present documents on behalf of the beneficiary. Based on that, Bank A have issued a UPAS L/C with the term: "Documents presented by the Applicant are acceptable". When the applicant submits the document to Bank A, they instruct Bank A to remit to beneficiary's account. When the applicant submit documents to Bank A, can Bank A be both the presenting bank and issuing bank or Bank A only play the role of issuing bank?