MT799 Explained When dealing with Bank Guarantees, Documentary Credits, and Letters of Credit (LCs), one may hear the term ‘MT799’ being used. [box] MT799 is a message that is sent between banks; with the aim of showing funds or proof of deposits. It is important to note that it is not used as a method… Continue reading What is MT799?
Month: January 2017
SMEs in 2017: Interview with Jasmine Birtles
[box] In the world of startups; lean and agile are often terms used when testing business ideas, launching products into market on shoestring budgets, and failing fast, learning quickly. We spoke to finance expert Jasmine Birtles from MoneyMagpie on her thoughts of SME finance and what’s lined up for 2017. [/box] [one_half]MoneyMagpie is a national… Continue reading SMEs in 2017: Interview with Jasmine Birtles
Trade Finance and the Law
The law underpinning financial products is inevitably very important when structuring a facility. The concept of trade finance law also adds a level of difficulty as we usually see a greater level of complexity in the lending scenarios. Why is the law important when it comes to trade finance? Law underpins all lending; as security… Continue reading Trade Finance and the Law
What is a currency peg?
How does a currency peg work? [box]Currencies are usually free flowing and various domestic and macro economic events will impact on the strength of a currency. The differences between currencies will be the exchange rate. However, in order to regulate this exchange, a currency is sometimes pegged to another, so that it tracks its movement… Continue reading What is a currency peg?
IP Week | International Petroleum Week
[box] International Petroleum (IP) week is one of the main events in the Energy calendar and is a must for producers, traders and end purchasers. Trade Finance Global takes a particular interest, as we work with traders to structure facilities and raise debt lines. [/box] What is International Petroleum Week? [one_third][responsive][/responsive][/one_third][two_third_last]IP week is held in… Continue reading IP Week | International Petroleum Week
What is the trade finance process?
Due diligence process explained It is important to understand the steps that are carried out by different lenders; so that each party is able to effectively manage expectations. Video: What is trade finance? To find out more about trade finance, read our in depth guide here.
Interview: Tackling Money Laundering in Trade Finance
[box][googlefont font=”Roboto” size=”22px”]The rise in trade-based money laundering (TBML), combined with the enormous regulatory fines and ongoing scrutiny from various government agencies, has created a need for enhanced financial transparency, specifically where documentary credit-based money laundering (DCBML) is considered a subset of Trade Finance Based Money Laundering and ultimately TBML.[/googlefont][/box] [one_third][responsive][/responsive][/one_third][two_third_last]We spoke to Ehsan Valipay… Continue reading Interview: Tackling Money Laundering in Trade Finance
ANNOUNCED: Winners of the Trade Finance Excellence Awards 2017
Following a year of volatility, innovation and uncertainty, the Trade Finance Excellence Awards 2017 by TFG have been announced! This year, we focus on those who have demonstrated exceptional performance amidst a challenging climate. Trade Finance Global Excellence Awards are totally independent, judged by a panel of leading experts. They are presented each year, recognising… Continue reading ANNOUNCED: Winners of the Trade Finance Excellence Awards 2017
Recourse or Non-Recourse Factoring – Which is the best option for my company?
Shaun said: [blockquote]“The decision is a simple option of liability versus expense.”[/blockquote][gap] What is factoring or invoice finance? Short answer: “After raising an invoice, your company will receive a pre-agreed percentage of the invoice value within 24 hours. Your business then receives the remaining percentage, minus fees, upon the settlement of the invoice.” Recourse vs… Continue reading Recourse or Non-Recourse Factoring – Which is the best option for my company?
BREAKING: UK Trade Deficit Widens
As we predicted, exporting is on the rise off the back of a weakening pound since June 2016. Recent figures from the Office for National Statistics (ONS) have reported a £4.2bn trade deficit, up £2.6bn since October. What is a trade deficit? Simply put, a trade deficit is the difference between UK trade imports and… Continue reading BREAKING: UK Trade Deficit Widens
Pound tipped to test 2016 against US dollar
Pound Tipped to Test 2016 Lows Against the US Dollar Over Coming Weeks 2017 has started in negative fashion for Pound Sterling as markets ready themselves for the commencement of Brexit negotiations and any potential negatives that are likely to come out of them. Surprisingly, Sterling was the best-performing G10 currency in the final quarter… Continue reading Pound tipped to test 2016 against US dollar
Do we fear Trump? An outlook on China tariffs and US car companies
We will take a look at the China and US trade relationship along with the vehicles market in the US below, and attempt to understand whether Donald Trump will ‘rip up or renegotiate trade deals’ in the coming months. Following months of bullish US stock market moves we wait to see if this rise will… Continue reading Do we fear Trump? An outlook on China tariffs and US car companies
Is China stopping overseas investment?
It is widely known that growth in China has slowed. A powerhouse economy that was seen as the leader of growth for so many years is now pushing to slow foreign investment. Now, the aim is retaining capital within China’s borders and the government is attempting to do this with a two-pronged approach. There is… Continue reading Is China stopping overseas investment?
Why 2017 will be a great year for trade finance
[responsive][/responsive] Blockchain and Trade Finance At the start of 2016 Trade Finance Global were cautiously optimistic for the blockchain being used as an application for trade and supply chain finance. But low and behold, using the blockchain to successfully execute a simple Letter of Credit transaction was done this year, and we don’t see this… Continue reading Why 2017 will be a great year for trade finance
LAME! Putin versus Trump
[box]The Russian Embassy in the UK posted a twitter picture with the words ‘Lame’ and a picture of a duck; this was in response to actions by president Obama. He is removing 35 Russian diplomats from the US for hacking and interfering with the US election. Obama has ordered sanctions on Russia in an executive… Continue reading LAME! Putin versus Trump