eUCP 2.1 or the Uniform Customs and Practice for Documentary Credits for Electronic Presentation Version 2.1 is a supplement to the UCP 600. It was published by the International Chamber of Commerce (ICC) in order to accommodate presentation of electronic records under a letter of credit. The eUCP 2.1 applies to a letter of credit … Read more
UCP 600 stands for “Uniform Customs and Practice for Documentary Credits, 600.” It is a set of rules published by the International Chamber of Commerce (ICC) that govern the use of documentary credits in international trade. A documentary credit or a letter of credit is a financial instrument that acts as a guarantee of payment … Read more
In this post, we’ll discuss about various SWIFT message types relevant for CDCS Exam. Proper understanding of the various message types used in the letter of credit mechanism will help you to understand the letter of credit mechanism in a better way. What is SWIFT? SWIFT is a messaging platform using which banks exchange information … Read more
