Home About us Pay subscription Contact

Register

News

News Categories
Recent News

News by Month

SWIFT release latest BPO market data

23/07/2014 SWIFT have released the latest BPO data identifying the live banks and corporates, together with volume information including numbers of TSU transactions (monthly) and TSMT live messages (monthly).

BPO Market Adoption (18 July).pdf

Back to recent news

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?