News

Authenticated SWIFT Messages in LC Transactions

Key Court Case for SWIFT Authentication in LCs The subject of extensive discussion at the recently concluded 2017 Americas Standby & Guarantee Forum...

Hold for Value - Financial Guarantees

Hold for Value – What Does It Mean? Hold for value requests, also known as ‘extend or hold for value’ or ‘pay or...

European Banks Sign Deals with Iran, Suggesting More Will Come

US Sanctions Typically Keep Banks Away While most banks typically shy away from doing business with Iran for fear of contravening US sanctions,...

ICC Eyes Update of eUCP and URC

ICC Takes Steps towards Digitizing ICC Rules The ICC has alerted National Committee members that it is launching a “Digitalisation Working Group” in...

Highlights from Singapore LC Law Summit

When Bankers and Lawyers Dialogue, Everyone Wins Since the first UCP, the writing of practice rules has been an exercise in maximum exculpation....

BAFT Releases Anti Money Laundering Paper

BAFT Releases Anti Money Laundering Paper In response to what it calls a "trillion dollar problem", Washington D.C. based BAFT (Bankers Association for...