AN UPDATE: I'm happy being able to let you know that we've meanwhile been able to convince the relevant committee of the Dutch Banker's Association that, given the (paper) nature of documentary credits and documentary collections, trade finance transactions should be treated at least similar to cheq...

Rather strange that this post doesn't get any reply whatsoever. Let me also mention that the above would e.g. similarly apply for settlements to the beneficiary "under reserve" or "subject to final payment", which are not unusual for trade finance transactions. . I give another s...

Is this topic really only being discussed in the banking community in The Netherlands?

I'm presently involved in a project regarding the implementation of the "PSD", i.e. the Payment Service Directive (Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services in the internal market). I suppose this PSD is one of the major issu...