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Commercial Letter of Credit

What are the Differences Between MT 700 and MT 760?

What are the Differences Between MT 700 and MT 760?

MT700 and MT760 swift message types that banks use when issuing documentary credits and guarantees, respectively. Banks use MT700 when issuing a commercial letter...
What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit?

What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit?

Standby letters of credit and commercial letters of credit are two main documentary credit types used in international trade transactions. A standby letter of credit...
Types of Letters of Credit

Types of Letters of Credit

Have you ever heard any of the following trade finance terms and wonder their meanings: red clause, confirmed, standby, irrevocable. These are the terms that...
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