Best Trade Finance Education Provider
Institute of Export & International Trade
World-class training, qualifications, and abundant trade resources for UK exporters.
The Institute of Export & International Trade continues to lead the way for international trade finance and enhancing export performance, whilst setting and maintaining professional standards. As a champion of cross-border trade, IOEIT had a fantastic 2018 with highly attended summits and forums, the introduction of many new courses and strategic partnerships with other leading organisations in trade.
IOEIT were officially recognised as ‘Small Business Champions’ by the World Trade Organisation (WTO) and the International Chamber of Commerce (ICC) in 2018, which we highly commend.
Following a year of geopolitical and macroeconomic challenges, the IOEIT continues to be at the forefront of export promotion and education and we believe that 2019 will be another strong year for the institute.
What were your recent successes?
– Our partnership with UKEF on the ‘Award in Trade Finance’ qualification, which all UKEF, FCO and DIT staff now take to ensure a thorough product knowledge, has been greatly received. It creates an understanding of how UKEF’s financial products fit within a commercial setting in all sizes of business. Once this is completed, staff can move on to a Level 5 Diploma in International Trade which ensures they understand the fuller context of international trade when advising companies on key international business tasks like international physical distribution, international marketing strategy, and of course the financing of international trade. We provide all this training in such a way that ties in effectively with UKEF’s core offerings and services.
– We were named a ‘Small Business Champion’ by the World Trade Organisation and the International Chamber of Commerce after running the first ‘Open to Export International Business Awards’ in Geneva. This competition saw SMEs from 74 countries using our online planning tool on Open to Export, enabling businesses from all over the world to enter international trade for the first time.
– We ran a successful project in Saudi Arabia, training the Saudi Export Development Authority in best practice in international trade. They selected us after their research into the world’s leading trade training institutions resulted in ourselves being their highest rated body, alongside FITT in Canada who we ourselves set up!
Lesley Batchelor OBE, Director General, Institute of Export & International Trade
“We are delighted to be recognised with this Trade Finance Education Provider Award from Trade Finance Global. It is a great recognition of the impact of our partnership with UK Export Finance on the Award in Trade Finance qualification – a qualification that is now being taken by all trade finance advisers in UKEF, DIT and the FCO.
“We hope this is just the start, as we look to partner with more banks and trade finance organisations on our qualifications, ensuring that the export advice they give is thorough and well-rounded”
Best Trade Finance Publisher
TXF provide the export, trade and commodity finance communities with high-quality news, data, events and awards.
TXF continues to provide in-depth news, top quality publications and excellent thought leadership for the trade and commodity finance community. Through it’s events, awards and publication, TXF have driven debate, provoked thought, and brought together the entire trade and commodity finance community in 2018, with more conferences, articles and events than the previous year.
What were your recent successes?
– Launching our FIT (Financing International Trade) Zone, which is designed to actively involve more short-term trade finance practitioners in news, events and forums.
– Revamping our whole news offering and website. We now provide two daily newsletters – one on trade and commodity finance, one on export and project finance and a weekly on trade finance as well as the weekly blog.
– Hosting the largest conference in the world focused on export finance and hosting the largest conference in the world focused on commodity finance.
Jonathan Bell, Director and Editor-in-Chief, TXF
“TXF is absolutely delighted to have won this Best Trade Finance Publisher award as it comes on the back of a really concerted effort from all the workers in our company to strive for excellence. We are the only company of our kind providing news, data and events across the whole range of trade finance, and it is great to be recognised for our efforts. Thank you so much.”
Best Trade Editor (Individual)
Shannon Manders, Editorial Director at GTR, is a remarkable journalist, editor and networker with vast industry knowledge. In 2018, Shannon and her editorial team continued to cut through the complexity of international trade and highlight the key industry trends and changes. As an inspirational woman in the international trade community, her work in driving the GTR Women in Trade Finance initiative, and her role as an advisor for the British Exporters Association (BExA), we look forward to Shannon going from strength to strength in 2019.
What were your recent successes?
“From the perspective of the editorial team:
We continued to see growth in online news readers, despite taking the decision to implement a paywall midway through the year.
With much pride, we helped grow the GTR Women in Trade events – taking the initiative to the Middle East and Asia for the first time.
Shannon Manders, Editor, GTR
“Economic, technological and political trends are reshaping the nature of trade business. Our job is to stay relevant and keep in touch with developments in a very fast-changing market. Disruption means a constant stream of new players in the market and keeping abreast of that has its challenges. It’s vital that we maintain a strong and constantly refreshed network of contacts. I am tremendously pleased to be recognised – and just in time for my 10-year anniversary at GTR. Thank you.”
Methodology and Process
Trade Finance Global (TFG) takes the judging of the International Trade Finance Awards to be a serious matter. In the interests of transparency around the selection process, the methodology is detailed below.
TFG have a team of both in house analysts and external consultants who would’ve conducted a mixture of quantitative and qualitative reviews on a number of trade finance banks and liquidity providers, as well as SAAS companies, fintechs / non-bank liquidity providers, law and insurance firms.
1. TFG announces a ‘call for award nominations’ which is published as an advertisement with email alerts also sent out
2. The award nominations that are received and also selected are then sorted into respective award categories. A staff member passes these nominations to the first stage TFG internal judging team and then to an internal member of staff to further judge
3. The TFG judging team, independently of each other, read each of the submissions and decide if it (A) Meets the criteria of the category (B) Is worthy of being a finalist
The TFG judging team grades each submission 1 to 5 (with 5 being the most suitable for the finalist list). The first stage judges pass on the top three nominations for each category, unless the total nominations exceed ten, in which case four go on to the second stage. If there are less than three entries all nominations go on to the second stage of judging
The marking criteria were based on a mixture of, public information on deal volumes, and transactions numbers by market, as well as the company’s ability develop innovative finance structures and products in the changing market
TFG also looked at public reviews on client satisfaction, the quality of, and content produced (on site) around their products, as well as brand share in the category, looking extensively at social coverage and brand advocacy
1. The Advisory board members are industry experts from the field and academia in structured trade and commodity finance, fintech and technology or law. A staff member sends a packet of the finalist selections to each advisory board member for each award category they have selected to judge
2. With attention to confidentiality, the awards submissions are returned rated 1 to 5 and a staff member sorts the information, notes the winners and prepares the information for the final awards campaign and relevant press releases
3. In the unlikely event of a tie following the second stage of judging, the tie will be broken by an impartial industry expert on the TFG staff or contributing editorial board