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Close-out netting

Close-out netting is a definition of a process involving termination of obligations under a contract with a defaulting party and subsequent combining of positive and negative replacement values into a single net payable or receivable.

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SWIFT transfer

SWIFT transfer is usually a cross-border transfer that is instructed using the SWIFT (Society for Worldwide Interbank Financial Telecommunication)...

SWIFT Code (BIC)

SWIFT code, or Bank Identifier Code (BIC), is one of the most pertinent parts of the SWIFT transfer instructions you need to make your international ...

Cross-border trade

Cross-border trade refers to the flow of goods and services across international borders between jurisdictions. Cross-border trade has a higher level...