Ashis MaityNov 9, 20193 minTrade FinanceDifferent SWIFT payment system MT760/MT799/MT700 /MT103 ; what are the uses and differences...#MT 700 (MT means Message Type) A Documentary Letter of Credit (DLC) or At Sight Letter of Credit (Sight LC) is a financial instrument,...
Ashis MaityOct 10, 20192 minTrade FinanceUSANCE LC ( Letter of Credit) #USANCE LC vs #SIGHT LC A sight LC causes payment to be made immediately to the beneficiary/seller/exporter upon presentation of the...
Info collected from Professional source Oct 9, 20196 minTrade FinanceHow does International paymaster works?How does a #paymaster work? The primary purpose of a paymaster is to receive fees in #escrow by buyers in a large transaction, and...