News

News by Month

Want to understand how the Bank Payment Obligation works and what is involved?

14/11/2018 A document has been added to the Members Information section of the website (under 'The SWIFT Trade Services Utility (TSU) and the Bank Payment Obligation (BPO) section) and provides an excellent overview of the BPO - how it works, whom is involved, what is needed to be able to offer or use the product.

Back to recent news

Recent News

26/11/2024

The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...more

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

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

Latest Question

Applicant - ABC Ltd LC value- EUR 345,600.00 Invoice mentions the goods description and related costs and also adds transportation costs which makes the total invoice amount equal the LC value. 1. Do transportation costs come under C10? 2. Below transportation cost there is a statement "(A foc container valued at Euro 2080 is included in the shipping costs and remains the property of ABC LTD) - how to understand this point? Kindly advise.