{"id":4134,"date":"2019-01-25T06:18:35","date_gmt":"2019-01-25T11:18:35","guid":{"rendered":"http:\/\/www.letterofcredit.biz\/?p=4134"},"modified":"2019-04-06T03:07:58","modified_gmt":"2019-04-06T07:07:58","slug":"united-kingdom-letter-of-credit-transactions","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2019\/01\/25\/united-kingdom-letter-of-credit-transactions\/","title":{"rendered":"United Kingdom Letter of Credit Transactions"},"content":{"rendered":"<p>You should understand United Kingdom economy, United Kingdom exports and imports as well as United Kingdom banks before you proceed to work with a letter of credit which is issued in United Kingdom.<\/p>\n<h4><strong>Economy of United Kingdom and International Trade at a Glance:<\/strong><\/h4>\n<ul>\n<li>Gross domestic product of United Kingdom is $2,43 trillion US dollars in year 2012. This makes United Kingdom economy 7th largest economy in the world after USA, China, Japan, Germany, France and Brazil.<\/li>\n<li>United Kingdom is the world&#8217;s 5th biggest importer with 642,60 billion US dollars import volume in year 2012 and 10th biggest exporter with 474,60 billion US dollars export volume in year 2012.<\/li>\n<li>International trade has been playing a significant role on United Kingdom economy.<\/li>\n<li>United Kingdom economy experiencing significant trade deficits for the last couple of years which means that annual United Kingdom exports are less than annual United Kingdom imports.<\/li>\n<li>United Kingdom economy is one the leading forces of the European Union economy at the moment just after Germany and France.<\/li>\n<li>Main export products of United Kingdom : Transport Equipment (16 percent); Chemical Products (10 percent of total exports); Machinery and Equipment (9 percent); Computer, Electronic and Optical Products (8 percent); Pharmaceutical Products (8 percent); Refined Petroleum Products (7 percent) and Basic Metals (6 percent)<\/li>\n<li>Main import products of United Kingdom : Computer, Electronic and Optical Products (11 percent); Transports Equipment (14 percent); Chemical Products; Food and Beverages; Chemical products; Apparel, Textiles and Leather; Basics Metals and Refined Petroleum Products.<\/li>\n<li>Biggest Export Partners of United Kingdom : United States (13 percent) and Euro Area countries with Germany, Netherlands, France, Ireland, Belgium, Italy and Spain.<\/li>\n<li>Biggest Import Partners of United Kingdom : China (8 percent), United States (7 percent), Norway (6 percent) and European Union countries with Germany, Netherlands, France, Belgium, Italy and Ireland.<\/li>\n<\/ul>\n<h4><span style=\"color: #ff6600;\"><strong>Biggest Banks in United Kingdom and their SWIFT Codes:<\/strong><\/span><\/h4>\n<div id=\"postbox-container-1\" class=\"postbox-container\">\n<div id=\"side-sortables\" class=\"meta-box-sortables ui-sortable\">\n<div id=\"submitdiv\" class=\"postbox \">\n<div class=\"inside\">\n<div id=\"submitpost\" class=\"submitbox\">\n<div><div class='jtrt_table_MotherShipContainer'><div class='jtTableContainer jtrespo-stack  ' data-jtrt-stack-width='500'><div class='jtsettingcontainer' style='display:none;position:absolute;left:-9999px;'><textarea data-jtrt-table-id='4138' id='jtrt_table_settings_4138' cols='30' rows='10'>[[[\"Bank Name\",\"Assets (Billion USD)\",\"Swift Code\"],[\"HSBC Bank PLC\",\"2.693,00\",\"MIDLGB22\"],[\"Barclays PLC\",\"2.420,00\",\"BARCGB21\"],[\"Royal Bank of Scotland\",\"2.131,00\",\"RBOSGB2L\"],[\"Lloyds Banking Group plc\",\"1.529,00\",\"LOYDGB2L\"],[\"Standard Chartered 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data-jtrt-table-id='4138' id='jtrt_table_bps_4138' cols='30' rows='10'>[]<\/textarea><\/div><table id='jtrt_table_4138' data-sorting='false' data-paging='false' data-paging-size='10' data-paging-menu='10,25,50,100' data-filtering='false' data-jtrt-table-id='4138' class='jtrt-table  ' ><thead><tr><th>Bank Name<\/th><th>Assets (Billion USD)<\/th><th>Swift Code<\/th><\/tr><\/thead><tbody><tr><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Bank Name:<\/span><br>HSBC Bank PLC<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Assets (Billion USD):<\/span><br>2.693,00<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Swift Code:<\/span><br>MIDLGB22<\/td><\/tr><tr><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Bank Name:<\/span><br>Barclays PLC<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Assets (Billion USD):<\/span><br>2.420,00<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Swift Code:<\/span><br>BARCGB21<\/td><\/tr><tr><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Bank Name:<\/span><br>Royal Bank of Scotland<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Assets (Billion USD):<\/span><br>2.131,00<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Swift Code:<\/span><br>RBOSGB2L<\/td><\/tr><tr><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Bank Name:<\/span><br>Lloyds Banking Group plc<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Assets (Billion USD):<\/span><br>1.529,00<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Swift Code:<\/span><br>LOYDGB2L<\/td><\/tr><tr><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Bank Name:<\/span><br>Standard Chartered PLC<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Assets (Billion USD):<\/span><br>637,00<\/td><td><span class='stackedheadtitlejt' style='font-weight:bold;'>Swift Code:<\/span><br>SCBLGB2L<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"postbox-container-2\" class=\"postbox-container\">\n<div id=\"advanced-sortables\" class=\"meta-box-sortables ui-sortable\">\n<div id=\"jtrt_tables_post\" class=\"\">\n<div class=\"inside\">\n<div id=\"jt-editor-container\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>You should understand United Kingdom economy, United Kingdom exports and imports as well as United Kingdom banks before you proceed to work with a letter of credit which is issued in United Kingdom. Economy of United Kingdom and International Trade<\/p>\n","protected":false},"author":1,"featured_media":4325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[391,462],"tags":[396,464,463],"class_list":["post-4134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-united-kingdom","tag-letter-of-credit-transactions-by-countries","tag-united-kingdom","tag-united-kingdom-letter-of-credit-transactions"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/4134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=4134"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/4134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/4325"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=4134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=4134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=4134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}