Trade finance, explained straight.

Field guides on SBLCs, SWIFT instruments, fee agreements and the deal process — for brokers, mandates and principals who'd rather not learn the hard way.

Browse the guides Join the waitlist

FEATURED · INSTRUMENTSSBLC Facts vs Fiction: What the Rulebooks and Regulators Actually SayA fully sourced reference on standby letters of credit under ISP98, UCP600, URDG758 and UCC Article 5 — and the buy, lease and monetise myths answered from the FBI, SEC, Federal Reserve and Treasury.Read the reference

12 articles · all topics

InstrumentsHow to Spot a Fake SBLC: A Broker's Field Guide to MT760 FraudNine red flags of MT760 fraud, what a real SBLC looks like, and how to verify one before a deal dies.Read article InstrumentsMT760 vs MT700: What's the Difference?What each SWIFT message does, when banks use which, and the fraud traps to avoid.Read article InstrumentsWhat Is a Bank Submission Package — and Why Banks Reject YoursWhat an issuing bank's trade-finance desk actually needs, and the five reasons banks bounce packages.Read article ProcessWhy Trade Finance Deals Fall ApartMost deals don't die because the instrument is wrong — they die from leaked KYC, disputed commissions and rejected bank packages.Read article ProcessThe SBLC Deal Process, Step by StepAn end-to-end walkthrough from NCNDA and KYC through IMFPA, term sheet, bank package and MT760 issuance.Read article ProcessNCNDA Explained: What It Covers, and Where It Falls ShortWhat an NCNDA really covers, why circumvention still happens, and what to have on the record.Read article Fees & introductionsWhat Is an IMFPA — and Does It Actually Evidence Your Introduction?What the fee agreement really does, where it fails, and what to keep on the record.Read article Fees & introductionsThe 45/45/5/5 Commission Split ExplainedWho gets each share, and why brokers and mandates are paid differently.Read article Fees & introductionsHow Brokers Get Cut Out of Trade Finance Deals (And What to Put on the Record)A stage-by-stage anatomy of how brokers are bypassed — and what has to be in place before it happens.Read article PlatformsWhy Contour and Marco Polo Failed — And What Trade Finance Brokers Actually NeedThey raised hundreds of millions and signed dozens of banks, then collapsed. What their failure teaches.Read article PlatformsDEALEXUS vs Komgo: Which Platform Fits Your Deal?The enterprise survivor of the bank-consortium era against a neutral deal layer — including where Komgo is stronger.Read article PlatformsDEALEXUS vs Contour (XDC): Blockchain LC vs a Neutral Deal LayerHow the revived LC rail stacks up against a neutral broker deal layer.Read article

Bring one deal. We'll screen it with you.

Fifteen minutes with a person who knows trade finance. If it isn't a fit, we'll say so.

Book a 15-minute demo Join the waitlist