Trade Financing & Best Practice B2B Payments

How New Technology is Revolutionizing FX Payments

The year is 1427, and it is a warm spring day in Florence, Italy. An excited merchant, the head of his rapidly growing import and export business, holds in his hand the crisp paper guaranteeing that he will be paid for his goods once they have been safely received by his buyer in Genoa, just two hundred kilometres away. That paper the merchant holds in his hands over half a century ago is a letter of credit, and it helped unleash global trade.

Fast forward nearly six hundred years, and we find another merchant, sitting in her office in a high rise office in London, having just sold a shipping container's worth of aerospace components to a buyer on the other side of the world. She, too, is holding that same piece of paper, a letter of credit, virtually unchanged in over half a millennium.


Download the whitepaper using the form to the right to explore how the benefits of foreign currency transfer systems point towards a bright future for global trade - and a bright future for your business.

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Phillip Silitschanu

About the author

Phillip Silitschanu is the founder of Lightship Strategies Consulting LLC, and Phillip has nearly 20 years as a thought leader and strategy consultant in global capital markets and financial services, and has authored numerous market analysis reports, as well as co-authoring Multi-Manager Funds: Long Only Strategies. He has also been quoted in the US Financial Times, Wall Street Journal, Barron's, BusinessWeek, CNBC, and numerous other publications. Phillip holds a finance, a J.D. in law, and an M.B.A.

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The information contained in this document has been prepared without taking into account your objectives, financial situation or needs. You should read the PDS and consider the appropriateness of International Payments in relation to your individual requirements. For further information, please refer to the relevant (Telegraphic Transfers and Forward Exchange Contracts) Product Disclosure Statement (PDS).

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