Trade & Project Finance Instruments
Performance Bond vs Bank Guarantee: Key Differences
Performance bond vs bank guarantee: learn how each works and who issues it, so you pick the right instrument for your contract.
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Trade & Project Finance Instruments
What Is a Performance Bond in Construction? Guide
Learn what a performance bond is in construction, who needs one, what it protects, and how the three-party bond actually works.
Trade & Project Finance Instruments
What Is a Bill of Lading in Trade Finance?
A bill of lading is trade finance's core document: receipt, contract, and title all in one. See what it does and why banks require it.
Trade
Documentary Collection vs Letter of Credit
A letter of credit adds a bank's promise to pay; a documentary collection only routes documents. How the two compare on risk, control, cost and paperwork.
Trade
What is a Documentary Collection in Trade Finance?
In a documentary collection, banks pass shipping documents to the buyer against payment or acceptance, without promising to pay. How D/P and D/A work.
Trade
What is UCP 600? The Rules Behind Letters of Credit
UCP 600 is the ICC rulebook a letter of credit can adopt by reference. What it covers, when it applies, and how it sits beside US law.
RBF
How Much Does Revenue-Based Financing Really Cost?
Key Takeaways: * The collection percentage is not the price of the funding—it's the repayment method * Always calculate usable cash received, not
RBF
Revenue-Based Financing 2026: How It Works, What It Costs, and Who It Suits
Key Takeaways: * RBF links payments to your sales—but it is not automatically "flexible" or affordable * A slowdown in sales reduces the
RBF
How Revenue-Based Financing Payments Are Calculated
Key Takeaways: * Multiply eligible receipts by the collection percentage—then check for any separate minimum, fixed-payment cap, fees, or balance limit * The first
Trade
Standby Letter of Credit vs Bank Guarantee
A standby letter of credit and a bank guarantee both pay on a demand, not on proof of default. How they differ in rules, wording and US bank practice.
Trade
Confirmed vs Unconfirmed Letter of Credit
Confirmation adds a second bank's promise to pay. What it covers, what it does not, and when an exporter's bank may be asked to confirm a credit.
Trade
Trade Finance Instruments Explained: A Plain Guide
Letters of credit, standbys, guarantees, collections and bonds: what each trade finance instrument does, who carries the risk and which rules apply.