Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
A survey conducted by DCW reinforces the notion that the eUCP Directory to date has been unable to boost confidence in the rules supplement designed for electronic commercial credits.
Blockchain-based electronic bill of lading platform, WaveBL has announced completion of its proof of value (POV) testing with Swift, five
Lloyds Bank executes the first digital trade transaction using Enigio's trace:original platform on the day the UK Electronic Trade Documents Act (UK ETDA) went into effect.
The ICC Banking Commission held its 2023 Annual Meeting as a virtual event conducted via the Zoom online platform. An ICC Official Opinion session attracting more than 200 participants took place on 18 April, followed by a Plenary session on 19 April.
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