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Second supplement to Autumn & Winter 2018 Newsletter added to the members information section

09/11/2018 This second supplement looks at the content of two new SWIFT messages that will be available from 18 November - the MT744 (Notice of Non-Conforming Reimbursement Claim) and the MT759 (Ancillary Trade Structured Message).

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Recent News

Autumn 2025 Newsletter added to the Members Trade Information section 31/10/2025

This newsletter covers the 6 opinions that were approved by the ICC Banking Commission on 21 October...more

Collyer Consulting Trade Finance Masterclass to return to Dubai in 2026 18/09/2025

The widely acclaimed MasterClass event (a two-day event) will return to Dubai in 2026...more

Latest Question

A freely negotiable credit stipulated in field 42C (draft at) : sight for 100pct of invoice value quoting credit no. and date. 42A (drawee): issuing bank 46A: invoice, packing list, bill of lading, etc. Field 78: Upon receipt of documents and drafts (if any) at our counter in compliance with terms and conditions of the credit, we will honour. Questions: 1. If the presented draft is not signed by the beneficiary, can the issuing bank refuse the presentation based on the ONLY discrepancy ”draft not signed by the beneficiary"? and why? 2. If the answer to question 1 is yes, after the issuing bank refused the presentation, the beneficiary substituted the draft with duly signed new draft, must the new draft be presented within the presentation period stipulated in the credit, otherwise, the presentation is still discrepant?