An Introduction to the different types of Letters of Credit (LCs) used in trade finance. Read TFG's 2025 Letters of Credit Ultimate Guide.

Trade Finance Global is the trading name of TFG Finance Ltd (company number: 10305143) and TFG Publishing Ltd (12157036), incorporated in England and Wales, at County House, Third Floor, 14/15 Hatton ...

[UPDATED 2025] A Standby Letter of Credit (SBLC / SLOC) is seen as a guarantee that is provided to a potential buyer or contractor. An SBLC is payable when called upon by the beneficiary and may be ...

Summary of the UCP 600. Here are a few of the key elements which make up the UCP 600: Definition of key terms which are prevalent in international trade (e.g. honouring [of payments], applicants, ...

Brian Canup is a former Editorial & Research Assistant at Trade Finance Global (TFG). He graduated with an MA in International Political Economy from King’s College London, and a BA in Political ...

[UPDATED2025] TFG's SWIFT Messaging Types (MT) Guide, discussing the 2021 proposed changes to MT760, MT767, MT759 and MT798 on demand, accessory guarantees as well as standby letters of credit. The ...

Mark heads up the trade finance offering at TFG where his team focuses on bringing in alternative structured finance to international trading companies. We assist companies to access trade and ...

Mark heads up the trade finance offering at TFG where his team focuses on bringing in alternative structured finance to international trading companies. Welcome to the TFG Trade Finance hub. Find out ...

Brian Canup is a former Editorial & Research Assistant at Trade Finance Global (TFG). He graduated with an MA in International Political Economy from King’s College London, and a BA in Political ...

Daniela Santos is the Marketing Assistant at Trade Finance Global (TFG). She holds a BA in Politics and Economics from the University of Leicester and an MSc in International Business and Politics ...

How do I start the MT 799 process? Banks do not like issuing these automated messages (MT 799), as they fear being liable for the cost of the trade. There is usually a requirement for the bank’s ...

[UPDATED 2025 ] Ultimate Guide to UCP 600 - what is the UCP 600? An in-depth guide to the latest version of the Uniform Customs and Practice for Documentary Credits convention (UCP 500 and UCP 600), ...