South Africa’s Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave. Under the terms of the deal, Standard Bank customers in eight African countries will be able to access digital payments services from Flutterwave. Covering Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Ivory Coast, and Malawi, the partnership will enable Flutterwave and… Continue reading South Africa’s Standard Bank chooses Flutterwave for Africa digitalisation drive
Month: October 2021
VIDEO: ITFA market practice update – Structured LCs, MRPAs, the LIBOR transition
The world’s most important number is changing, and traders need to be aware of its implications.
SMEs need $50tn investment to meet global net zero goals, says new HSBC, BCG report
New research has found that up to $50 trillion in new investment in SMEs will be needed to reach global net zero transitions goals. A joint white paper, released today by HSBC and Boston Consulting Group (BCG), found that up to half of the $100 trillion investment needed to deliver net zero supply chains will… Continue reading SMEs need $50tn investment to meet global net zero goals, says new HSBC, BCG report
UK gov’s CDC Group agrees $30m trade loan to Bangladesh’s Prime Bank
UK development finance fund CDC Group has committed to a $30 million trade finance loan to Bangladesh’s Prime Bank. The loan facility, which will enable Prime Bank to extend more foreign currency trade credit at longer tenors to local businesses, is expected to generate up to $60 million in additional trade each year in sectors… Continue reading UK gov’s CDC Group agrees $30m trade loan to Bangladesh’s Prime Bank
UK budget: Sunak promises action on HGV crisis, shipping and tonnage tax, warns of further inflation
British Chancellor Rishi Sunak today presented his Autumn Budget of 2021 to the UK House of Commons.
The use of SWIFT MT 754 messages in international trade transactions
If your work involves international trade transactions, you will find that one of the most common and useful SWIFT Codes that you will encounter is SWIFT code MT 754.
BNP Paribas executes green repurchase agreement (repo) with EDF
French international bank BNP Paribas has executed a green repurchase agreement (repo) transaction with state-owned utility company Électricité de France (EDF). The two companies have worked jointly to structure and execute a green repurchase agreement by a corporate issuer. The green repo instrument enables EDF to draw financing from BNP Paribas against individual green assets… Continue reading BNP Paribas executes green repurchase agreement (repo) with EDF
What impact will an IBOR transition have on your documents?
The UK Financial Conduct Authority (FCA) plans to transition from the London Interbank Offered Rates (LIBOR) to Risk-Free Rates (RFRs) by the end of 2021, to restore trust and integrity in the market. This shift comes after several banks manipulated their interest rates for profit, disturbing trust in the global economy.
How can CFOs and treasurers adapt to new Supply Chain Finance disclosure requirements?
Steven Lauricella explains the five things CFOs and Treasurers need to know about the new regulations, and how alternative solutions can be harnessed to fund crucial supply chain initiatives.
Commodity finance: A story of caravels, carracks, clippers and artificial intelligence
Merchants would go on voyages for several weeks, if not months, in a caravel, carrack or clipper to the Far East, or elsewhere, to buy cotton, wool, tea, spices or other commodities. They would be equipped with a Letter of Credit in their trunk, often handwritten by the clerk of their high street banks.
UK plus 10 OECD trading partners agree to end export credit support for coal
The UK and ten major trading partners have agreed to end export credit support for unabated coal-fired power plants
Managing the unmanageable: how Veridapt’s technology can mitigate risk in inventory and supply chains
The pandemic and the ensuing disruptions in how the world produces, transports, stores, and consumes bulk commodities is placing physical inventory control and monitoring in the cross-hairs of revolutionary change. Nowhere is this occurring more than within the energy, industrial minerals, and agriculture sectors, where a shift to digitisation is necessary to better protect capital,… Continue reading Managing the unmanageable: how Veridapt’s technology can mitigate risk in inventory and supply chains
British tea and coffee supplier secures government support for expansion
British tea and coffee supplier Union Papertech has secured government support for its latest expansion into the production of environmentally-friendly tea bags. The Manchester-based firm has signed a deal with UK Export Finance (UKEF), the UK export credit agency, worth $1 million. The deal will enable Union Papertech to unlock further growth and finance new… Continue reading British tea and coffee supplier secures government support for expansion
VIDEO: 50 Shades of Green – ITFA’s Johanna Wissing on ESG for trade finance
While some in trade finance struggle with green fatigue, ITFA’s Johanna Wissing isn’t one of them.
Digitalisation could add $9tn to G7 trade by 2026, says new ICC report
A new ICC report, released yesterday, estimates that if G7 countries can deliver on legal reform, standardisation, and adoption of digital records, then trade between them could rise by about 43% above its 2019 value by 2026.