Tag: letter of credit

Use of letters of credit (LC) for exports to Bangladesh surged 118% last year, compared with the previous 12 months. Increased trade with China is likely a key driver.

It is time for the ICC to adopt fairer and more equitable practices for distributing its key trade guidelines.

Australian treasurers and CFOs say Chinese counterparts are requesting more LCs are part of their trade negotiations. The LCs are allowing the Chinese firms to line up better financing rates offshore.

BHP Billiton has executed the first fully electronic document presentation under a letter of credit into China, but critics remain skeptical over the chances of wider adoption.

Smaller non-bank financial companies are trying to find their niche come Basel III. But what can they really offer?

As a result of Basel III Banks are trying to offload their exposure to trade finance via securitisations, but they are struggling to get anywhere.