Month: July 2022

State Bank of Pakistan introduces exchange controls as dollar soars

In a bid to curb declining forex outflows, the State Bank of Pakistan (SBP) introduces exchange controls and limited imports. What will this mean for trade and exports? The SBP has introduced capital controls on all USD transactions worth less than $100,000. This is one of several new measures designed to protect its forex reserves… Continue reading State Bank of Pakistan introduces exchange controls as dollar soars

J.P. Morgan report finds that working capital of S&P 1500 companies returns to pre-pandemic range

After reaching 10-year highs in 2020, the working capital of the S&P 1500 companies returned to pre-COVID-19 levels in 2021.  Today, J.P Morgan’s 2022 edition of the Working Capital Index report finds that the global economy’s recovery has led to a 20 percent increase in sales across S&P 1500 companies, resulting in an inventory reduction. … Continue reading J.P. Morgan report finds that working capital of S&P 1500 companies returns to pre-pandemic range

AfDB and Societe Generale partner on €50m trade finance facility to support African SMEs

The African Development Bank (AfDB) Group approved a €50 million unfunded risk-sharing facility with Societe Generale. The facility, intended to drive trade finance across Africa by supporting small and medium enterprises (SMEs), as well as the local banks that service them, comes as part of a collaboration between AfDB and Societe Generale.  The new partnership… Continue reading AfDB and Societe Generale partner on €50m trade finance facility to support African SMEs

Reunited or a world apart? Reflections from ExCred international

Reflecting back on key themes from the ExCred International 2022 conference in London, it is clear that the uncertainty of globalisation, driven by geopolitics, is a hot topic in today’s world. 

Podcast: FCI – why the factoring industry is experiencing a boom

TFG spoke to one of the world’s largest factoring associations to find out how trade receivables can help solve the liquidity crunch caused by supply chain disruption.

The difference between SWIFT messaging types: MT799 and MT760 [UPDATED 2023]

SWIFT MT799 is a Free Format Message. MT760 is used for requesting a Standby Letter of Credit or Demand Guarantees. Read the TFG guide now

Debt vs. equity finance: how do European SMEs use third-party financing?

Trade Finance Global (TFG) surveyed firms throughout Europe to gain an understanding of SMEs’ trade finance usage norms and their propensity to pay for new or additional trade finance products and services.

Heads of agencies call for action to address the global food security crisis

A joint statement calling for action to address the global food security crisis was issued by the heads of the Food and Agriculture Organization (FAO), International Monetary Fund (IMF), World Bank Group (WBG), World Food Programme (WFP) and the World Trade Organization (WTO) on 15 July.  The COVID-19 pandemic, interruption in international supply chains, and… Continue reading Heads of agencies call for action to address the global food security crisis

Reserve Bank of India greenlights cross border trade transactions in rupees

Indian exporters and traders can now accept payment in Indian Rupees (INR), rather than US dollars, according to new rules introduced by the Reserve Bank of India The Reserve Bank of India (RBI) has announced a new forex mechanism in a bid to stabilise the Indian economy and encourage more cross-border trade.   The system will… Continue reading Reserve Bank of India greenlights cross border trade transactions in rupees

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