Structured and synthetic LCs: Shining a light on the ‘dark arts’ of trade
Events / 26-04-21 / Share Link
Structured LCs enabling the flow of USD liquidity into exchange-controlled countries, to then be utilised by emerging market banks to facilitate physical trade, were crucial for African development before Covid-19. Following the economic impact of the pandemic the importance of ‘synthetic’ LCs to the continent’s recovery is only set to grow. In this session George Wilson, Independent trade finance specialist’, Sheleena Govind of Rand Merchant Bank (RMB), Simon Cook of Sullivan & Worcester UK and Albert Rweyemamu, Senior Political & Credit Risk Underwriter, African Trade Insurance Agency (ATI) walk you through the anatomy of a typical deal, the various parties involved, and their respective motivations.
