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.

Share | Download(Loading)