The International Chamber of Commerce (ICC), a global business organisation, has a central mission to promote international trade and investment as vehicles for inclusive growth and prosperity. ICC helps businesses adapt to the challenges of trading in today’s fast-paced global economy.
With an estimated 3.5 billion fans around the world, it’s no wonder the finance behind football piques interest, even in the world of trade and receivables finance.
Hamsika Gopalan discusses the trade finance and commodity environment for SMEs in 2023. After a few years of volatility, 2023 is expected to be another difficult year.
TFG interviewed ITFA and ADB about the financing of dirty commodities and fossil fuels, and what a sustainable transition means for trade finance.
As more companies look for ways to expand into new markets, surety bonds provide a valuable safeguard and financial advantage.
A court ruling on 22 February heard that the Marco Polo Network has debts of more than €5.2 million (£4.6 million).
Trade and export finance expert Domenico Del Sorbo’s take on how to prepare the “draft” in accordance with the letter of credit conditions and provisions.
UCP 600 article 2 states that a “Complying Presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice.”
While consensus and recognised standards exist for carbon footprint measurement and reporting, carbon offsetting and the quality of underlying projects are still subject to debate.
Though an important instrument in international trade, letters of credit are complex, and their definition can cause confusion….
Daniel Barbosa of Fex Agro shares his personal experience, lessons learned and adaptability in commodity trading
On the 9th February, Swiss-based commodities trader Trafigura alleged that it had been exposed to “systemic fraud” to the value of $577 million of nickel, in relation to UAE-based businessman Prateek Gupta’s London trading company TMT Metals Holdings Ltd, and companies connected to him.