Institute of International Banking Law & Practice
For the 13th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Guarantee & Standby Forum in Singapore. This Executive Summary provides an overview of topics discussed and debated by leading...
The dates and details are in for much of IIBLP's 2019 calendar of events. As ever, we will be in multiple countries this year working to bring together local and global thought leaders in commercial and standby letters of credit and trade finance. Mark your calendar now,...
Have commercial credits become so burdensome and unwieldy that a trimmed down version of the rules governing their practice could streamline the LC process? Could simplified rules and practices perhaps even spark increased use of this traditional (some...
A present-day USD 1.5 trillion global trade finance gap projected to widen to USD 2.4 trillion by 2025 can be narrowed by USD 1.1 trillion through use of blockchain and other distributed...
On 1 July 2018, IIBLP Founder and Director Professor James (“Jim”) Edward Byrne died after a valiant battle against cancer. The letter of credit community and all who knew and loved him mourn the loss of a great man who left an indelible mark on the...
James E. Byrne
Montgomery Village, MD It is with profound sadness that the Institute of International Banking Law & Practice must inform of the death of James (“Jim”) Edward Byrne on 1 July 2018 at his home in Montgomery Village, Maryland, after a valiant battle against cancer. Jim...
Mandatory SWIFT MT Category 7 changes are fast approaching that will impact letters of credit. Changes to the 700 series for documentary credits will come in November of 2018, and November 2019 for the 760 series (demand guarantees & standby LCs). At last month’s IIBLP 
May is proving to be a busy month for blockchain in trade finance. Last week, on 9 May 2018 the Singapore International Chamber of Commerce purportedly created the first blockchain...