Banks, corporates worried EU capital requirements shake-up will hurt trade finance
02-03-22 / by Jacob Atkins
Proposed changes to the treatment of trade finance in the EU’s capital requirements regulations could...Letters of Credit
China’s Bank of Communications accuses Sinopec of fraud in legal row
03-11-21 / by Jacob Atkins
The Bank of Communications has accused Chinese oil trader Sinopec, the world’s second-biggest company by...
Trade finance pressured to digitalise amid Covid-19 chaos
01-04-20 / by Maddy White
As Covid-19 spreads across the world, courier services and the movement of paper documents have...
Indonesia flexible on LC regulation
15-04-15 / by Finbarr Bermingham
The Indonesian government has pledged to show flexibility in the implementation of its new mandatory...
RBS to trade DME from Asia
25-02-14 / by GTR
RBS has been approved to trade letters of credit (LCs) with the Dubai Mercantile Exchange...
First LatAm Rmb LC issued
08-10-13 / by GTR
Citi has become the first bank to issue a renminbi-denominated LC in Latin America.
BofAML launches supply chain portal
20-03-12 / by GTR
Bank of America Merrill Lynch has launched its trade and supply chain electronic platform, Trade...
Union Bank picks JP Morgan’s trade services
01-11-11 / by GTR
State-run Union Bank of India has turned to JP Morgan to provide a letter of...
JP Morgan and Sinosure ink export credit insurance agreement
17-03-11 / by GTR
JP Morgan has signed a landmark agreement with China’s Sinosure to enhance trade finance services...
An issue with trust
11-11-10 / by GTR
Although it is unlikely that the use of letters of credit will die out, the...