ITFA working group: white paper on Structured LCs

Following a number of requests from its members, ITFA – through its Market Practice Committee (MPC) – is in the process of drafting a white paper addressing “Structured LCs”.

These variations on a traditional form of trade financing create additional transaction streams for the parties involved, however they also give rise to some different types of risks.

The white paper will look in detail at the various structures that exist today, and shed light on the pros and cons of engaging in this activity.

We are therefore inviting our members to contribute to the working group in order to ensure that the paper is as balanced as possible. If you are interested in taking part, please email Paul Coles (paul.coles@itfa.org) by latest 31 October 2019.