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Letters of Credit

HSBC launches AI Smart Checking for documentary trade across...

HSBC has deployed an AI-powered document-checking system across its trade-finance operations in the UK, Hong Kong and United Arab Emirates, targeting one of the most labour-intensive stages of documentary trade in a business that processes more than one million documentary...

#artificial intelligence#documentary trade#Hong Kong

I&M Bank plans five-market Surecomp trade finance rollout across...

I&M Bank has selected Surecomp to build a regional digital trade-finance platform, starting in Kenya before expanding the system across…

#Africa#digital trade finance#DOKA-NG


IDEX extends US$800m revolving credit facility to 2031 with...

IDEX Corporation has extended the maturity of its US$800m revolving credit facility to September 2031, giving the US industrial group…

#Bank of America#corporate liquidity#IDEX Corporation


Core Scientific secures US$600m credit and LC facilities to...

Core Scientific has arranged US$600m of committed senior secured bank facilities, combining a US$100m revolver with a US$500m letter-of-credit line…

#Core Scientific#data centres#Goldman Sachs


Perma-Pipe consolidates global credit into US$89m JPMorgan facility with...

Perma-Pipe International Holdings has consolidated multiple financing arrangements across its international operations into a single JPMorgan-led structure, establishing US$89m of…

#accordion facility#credit facility#global banking


IFC backs Bank CenterCredit trade lines as Kazakhstan gains...

Bank CenterCredit has joined the International Finance Corporation's Global Trade Finance Program as both an issuing and confirming bank, making…

#Bank CenterCredit#BCC#Global Trade Finance Program


Swift Current secures US$750m bank line with route to...

Swift Current Energy has closed a US$750m corporate credit facility with a US$250m accordion, giving the US power developer a…

#BBVA#corporate finance#Crédit Agricole CIB


UTI lifts revolver 60% to US$200m as letter-of-credit capacity...

Universal Technical Institute has replaced its existing US$125m bank facility with a US$200m senior secured revolving credit line, increasing committed…

#Fifth Third Bank#JPMorgan#Letters of Credit


Hormuz draft deal offers fragile route back for trade...

Iran and Oman are finalising a proposed shipping arrangement for the Strait of Hormuz, offering a possible route towards restoring…

#commodity trade#Iran#Letters of Credit


Bangladesh’s 3% trade-finance cap risks pushing local banks out

Bangladesh’s ceiling on foreign-currency trade-finance charges is placing severe pressure on local banks’ margins and could reduce their access to…

#Bangladesh bank#correspondent banking#export bill discounting


Trade finance digitisation strengthens banks’ response to disruption

Banks’ investment in digital trade infrastructure is improving their ability to maintain financing and process transactions during geopolitical and supply-chain…

#banking technology#digital trade#Letters of Credit


BanBif taps Finastra to modernise trade finance operations in...

Peru-based Banco Interamericano de Finanzas has selected Finastra’s Trade Innovation and Corporate Channels platforms to modernise its foreign trade operations…

#BanBif#documentary collections#Finastra

Letters of credit return as trade disruption raises payment...

International banks are seeing renewed demand for letters of credit as companies seek stronger payment protection during a period of…

#banks#Letters of Credit#payment risk

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