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BAFT Updates Collections Reference Manual

by BAFT Admin | Dec 12, 2018
The BAFT Commercial Letters of Credit National Committee has updated the Collections Reference Manual last revised in 2006.

The BAFT Commercial Letters of Credit National Committee has updated the Collections Reference Manual last revised in 2006. The committee, led by Normand Girard, Director, Global Trade Operations, Bank of Montreal held special meetings over the course of 2018 to bring the guidance document up to industry standards and current practices. This BAFT Collections Reference Manual is a compilation of several documents that have been prepared by individual members of the BAFT Commercial Letters of Credit committee and by other distinguished contributors who are experts and leading figures in international trade services and collections.

The manual is available for all BAFT members and can be found in the Library of Documents under Best Practice and Industry Standards.