The cessation of the London Interbank Offered Rate, or LIBOR, will be one of the most important events affecting trade finance this year.
Our editor Deepesh Patel had the pleasure of moderating a panel on Greensill at FCI’s 53rd Virtual Annual Meeting 2021.
It’s around two weeks until the SWIFT Standards Release 2021, which is one of the items seemingly on everyone’s lips.
Gunvor USA, a subsidiary of Swiss commodities trader Gunvor Group, has closed the syndication of its $1.33 billion borrowing base credit facility. The facility includes a $500 million accordion feature,… read more →
Bank of England (BoE) Governor Andrew Bailey has hinted that UK companies may soon be made to disclose carbon emissions data as part of the country’s push to reach net zero by 2050.
The Bank of England has surprised investors today by voting against a rise in its benchmark interest rate, which would have been its first since August 2018.
A new report by Euler Hermes has found that the UK economy is “trapped by policy choices” going into the end of 2021 and beginning of 2022.
UK Export Finance (UKEF), the UK’s export credit agency, has launched a call to action for British SMEs to “go green” and take advantage of renewable export opportunities. With expectations… read more →
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An agreement has been reached by Denmark, the US, and 12 other countries on delivering a net-zero global maritime industry by 2050. Led by Denmark, the ‘Declaration on Zero Emission… read more →
Letters of credit emerged in Europe in the 1800s. However, in their early days the functionality of letters of credit was limited, due to the non-uniformity of national laws.
Banking trade finance products risk being left behind, given the speed at which technology is changing.
Baris Kalay, head of trade and supply chain finance for Europe, Middle East, and Africa (EMEA) at Bank of America, caught up with TFG’s Deepesh Patel at ITFA’s Annual Conference held in Bristol, England.
Insurtech firm Tinubu Square has been named as one of the world’s most innovative insurtech companies in this year’s InsurTech100 list. Sponsored by FinTech Global, the InsurTech100 recognises the world’s… read more →
US investment bank Citi has launched its first sustainability-linked supply chain finance (SSCF) programme in Asia-Pacific. Through the SCCF programme, Citi aims to support clients as they advance ESG priorities,… read more →