Business:Management
Structured data and standard formats for exchanging information around bank guarantees and letters of credit are key for the digitisation of trade finance. Interbank and bank-to-corporate messaging remains a challenge, and whilst the industry welcomes moves towards structured data and SWIFT’s new messaging types, there are still challenges. TFG heard from Olli Jääsaari, Standardised Trust expert and Nordea’s Trade Finance & WCM Product Manager.
Full interview here: https://www.tradefinanceglobal.com/letters-of-credit/swift-messaging-types/
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