The Academy uses original plain-English explanations and links learners back to ICC, SWIFT, FATF and other primary sources for live professional work.
Uniform Customs and Practice for Documentary Credits. UCP 600 applies to a documentary credit when its text expressly indicates that it is subject to the rules; it can also apply to a standby to the extent applicable when incorporated.
ICC Digital Library →International Standby Practices, designed specifically for standby letters of credit. It explains the independent, documentary nature of standbys and their presentation, transfer and other practices.
ICC Digital Library →Uniform Rules for Demand Guarantees. URDG 758 applies to demand guarantees and counter-guarantees that expressly indicate they are subject to the rules, subject to the rules’ own provisions.
ICC Digital Library →Uniform Rules for Collections. These rules cover documentary and clean collections when incorporated into the collection instruction.
ICC Digital Library →International Standard Banking Practice provides detailed guidance on examination of documents under UCP 600. Use the current official edition for professional work.
ICC Trade Finance →SWIFT Category 7 contains documentary-credit and guarantee/standby message standards. MT760 is titled “Issue of a Demand Guarantee/Standby Letter of Credit.” Standards are maintained through releases, so field details should always be checked against the current release.
SWIFT Standards →The coexistence period for cross-border payment instructions ended on 22 November 2025. MyGreed therefore treats MT103-style payment terminology as important legacy/context knowledge while explaining today’s ISO 20022 environment.
SWIFT ISO 20022 →FATF publishes risk indicators for unusual trade activity. MyGreed uses them as verification prompts, not as an automatic accusation that a transaction is criminal or fraudulent.
FATF →Industry standard definitions help distinguish formal supply-chain-finance uses of terms such as Bank Payment Undertaking from similarly named wording found in privately negotiated provider procedures.
Global SCF Forum →Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits. Used when a reimbursement authorization expressly indicates that it is subject to the rules.
ICC Digital Library →Uniform Rules for Forfaiting, developed by ICC and the International Forfaiting Association. They provide a common framework for primary and secondary forfaiting transactions.
ICC URF 800 →Uniform Rules for Digital Trade Transactions, designed as a technology-neutral framework for fully digital trade transactions using electronic records.
ICC URDTT →Risk indicators include unexplained invoice/value discrepancies, unusual routes, activity inconsistent with the customer’s normal business and other patterns. Indicators are prompts for review rather than proof of wrongdoing.
FATF →