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Want to understand how the Bank Payment Obligation works and what is involved?

14/11/2018 A document has been added to the Members Information section of the website (under 'The SWIFT Trade Services Utility (TSU) and the Bank Payment Obligation (BPO) section) and provides an excellent overview of the BPO - how it works, whom is involved, what is needed to be able to offer or use the product.

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Achieving inclusive AI - a paper issued by ICC 08/07/2025

With AI becoming more and more involved with trade finance, the ICC has issued the following paper...more

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more

Latest Question

A crdeit mentions under field 46A - Insurance is arranged by the applicant. All details of shipment should be communicated by beneficiary to applicant via email. 1. Do we require the email since the clause is mentioned under 46A ? 2. Since the credit does not mention any email id, any email ID mentioned in the email would be taken to be applicant's email id?