ITF White Paper 15; John.Dunlop@ITFglobal.ie HOW MANY BANKS ARE NEEDED FOR A LETTER OF CREDIT TRANSACTION? ONE. However, there is a common miss-conception that four or five multiple banks must be involved to manage letter of credit transactions. These multiple banks include credit issuing banks, advising banks, negotiating banks, confirming banks, and reimbursing banks. What is less understood is that these…

ITF White Paper 14, 20 Nov 2019; John.Dunlop@ITFglobal.ie One Bank However, there is a common miss-conception that four or five multiple banks must be involved to manage letter of credit transactions. These multiple banks include credit issuing banks, advising banks, negotiating banks, confirming banks, and reimbursing banks. What is less understood is…

International Trade Finance WP 10 Technology — Sep 2019, John.dunlop@ITFglobal.ie eURC Version 1.0. The ICC Uniform Rules for Collections (URC522) Supplement for Electronic Presentation (eURC). On 1 July 2019, the revised internet eRules and guidelines for online trade finance documentary collections came into effect for banks, importers, exporters, and freight forwarders to prepare…

International Trade Finance WP 9 Technology, Sep 2019, john.dunlop@ITFglobal.ie On 1 July 2019, the long-awaited revised internet eRules and guidelines for online trade finance finally arrived for banks, importers, exporters, freight forwarders, chambers of commerce, customs brokers, logistics companies and carriers, to prepare and present electronic records for documentary letters…

Abstract: This paper explains a dozen of the myths and misconceptions surrounding trade finance services that have kept world trade from moving forward from paper to online transactions using electronic documents. Trade finance today, Saturday, 2 Jan 2021 INTERNATIONAL TRADE FINANCE. This paper is about the changing world order of…