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International banks are seeing renewed demand for letters of credit as companies seek stronger payment protection during a period of sanctions pressure, shipping disruption and geopolitical uncertainty. The shift is notable because letters of credit had been losing ground for...
#banks#Letters of Credit#payment risk
LBBW has gone live with Surecomp’s RIVO platform to digitise the management of guarantees and letters of credit, strengthening the…
#guarantees#LBBW#Letters of Credit
The ICC Banking Commission is shifting its focus toward education and guidance after efforts to revise trade finance rulebooks failed…
#digital trade#ICC#Letters of Credit
The UK Supreme Court has ruled that banks can refuse to make payments under letters of credit where sanctions restrictions…
#LC#Letters of Credit#sanctions
White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors (White Oak), today announced it has provided a…
#ABL#asset based lending#Letters of Credit
Mitigram, a leading digital platform for trade finance execution, has today announced a partnership with Complidata, a specialist in AI-driven…
#AI#Complidata#Letters of Credit
Al Baraka Bank Egypt has finalised two significant agreements with the Islamic Corporation for the Insurance of Investment and Export…
#Al Baraka Bank Egypt#bank master policy#cross-border trade
The International Islamic Trade Finance Corporation (ITFC) concluded its participation at the 2025 IsDB Group Annual Meetings in Algiers with…
#IsDB#ITFC#Letters of Credit
To address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of US$30bn annually in petroleum…
#Afreximbank#Benedict Oramah#Intra-African Oil Import Financing Programme
In order to support trade finance activities in Ethiopia, African Development Bank (AfDB) has approved a US$40m transaction guarantee facility…
#African Development Bank#Dashen Bank#guarantee
Contour, the leading digital trade finance network, announced today that South Korea’s largest trading company, POSCO International, is joining its…
#Contour#Letters of Credit
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has become the latest institution to join... (more…)
#Contour#Letters of Credit#SMBC
On 21 January 2021, the Office of the National Superintendent for Banking Sector... (more…)
#bank#guarantees#invoice