Author: Gabrielle Vilda

Gabrielle Ann Vilda previously worked as part of the editorial team at Trade Finance Global.

$500 million sustainability-linked borrowing base facility closed by Sucafina

Geneva. Sucafina SA (the “Company”), a leading sustainable Farm to Roaster coffee company, is pleased to announce that it has successfully closed a 2-year Sustainability-linked Senior Secured Borrowing Base Facility (the “Facility”), securing US$500 million. Based on an initial launch size of US$400 million, the Facility was significantly oversubscribed and subsequently upsized to US$500 million,… Continue reading $500 million sustainability-linked borrowing base facility closed by Sucafina

Moving to the cloud: Volkswagon’s TRATON migrates trade finance to improve efficiencies

Surecomp®, the leading provider of global trade finance solutions for banks and corporates, today announced that automotive multinational TRATON SE has gone live with its trade finance processing solution COR-TF™ in the cloud. The move came as part of a corporate-wide initiative to shift many of the firm’s on-premise installed solutions to its cloud environment… Continue reading Moving to the cloud: Volkswagon’s TRATON migrates trade finance to improve efficiencies

HSBC and Tata Steel successfully execute a blockchain-enabled, paperless trade transaction – a global first for the steel industry

HSBC India and HSBC UAE have successfully executed a blockchain-enabled, live trade finance transaction between Tata Steel Ltd. (India) and Universal Tube & Plastic Industries Ltd. (UAE). This is a global first for the steel industry and validates the commercial and operational viability of blockchain as an alternative to conventional exchanges for paper-based documentation. Tata… Continue reading HSBC and Tata Steel successfully execute a blockchain-enabled, paperless trade transaction – a global first for the steel industry

Government “desperately needs” strategic framework for trade, parliamentarians and International Chamber of Commerce warn

The government must urgently set out a UK strategy for trade as we move from simple roll-over agreements to the tough work of negotiating with experienced trading nations like Australia, New Zealand, and the US, warns a new report released today. The All-Party Parliamentary Group for Trade & Export Promotion, which is backed by the… Continue reading Government “desperately needs” strategic framework for trade, parliamentarians and International Chamber of Commerce warn

Afreximbank Records Double-Digit Growth in Profitability Amid Impact of Pandemic

African Export-Import Bank (Afreximbank) on 31 March 2020 released its audited financial statements for the year ended 31 December 2020, showing strong and resilient growth, with total comprehensive income of US$357.8 million and operating income higher than expectations. The results reflected a net income of US$351.7 million, representing an 11.5% increase over the 2019 performance… Continue reading Afreximbank Records Double-Digit Growth in Profitability Amid Impact of Pandemic

ITFA publishes guide to Structured Letters of Credit for emerging market trade

ITFA, a leading trade finance industry body, has released an in-depth guide to Structured Letters of  Credit. These are instruments which provide substantial funding to trade in emerging markets, but  have often attracted controversy because of a lack of understanding of what they are and what they  are seeking to achieve.   ITFA’s guide – an… Continue reading ITFA publishes guide to Structured Letters of Credit for emerging market trade

UKEF doubles support for sustainable projects to £2.4 billion in 2020

UK companies help bring new hospitals, clean energy, and transportation to developing countries following record levels of UK Export Finance backing UK Export Finance (UKEF) provided over £2.4 billion of financial support to sustainable projects in 2020 helping UK businesses to build new hospitals, bring clean energy and develop critical infrastructure in developing countries, according… Continue reading UKEF doubles support for sustainable projects to £2.4 billion in 2020

Global economic activity could return to pre-Covid level before end of this year

The global economy is bouncing back in terms of confidence, orders, employment and spending, according to the latest ACCA and IMA Global Economic Conditions Survey (GECS). The survey of 1,000 senior accountants and finance professionals across the world recorded the biggest jump in economic confidence this quarter in the 12 years it has been running.… Continue reading Global economic activity could return to pre-Covid level before end of this year

HSBC and ADB announce $300m boost for COVID-19 vaccines in APAC’s developing economies

HSBC and the Asian Development Bank (ADB) today announced a USD300m financing programme to help the region’s supply chains scale-up to deliver life-saving vaccines at both volume and pace. The targeted financing will inject much-needed liquidity into the complex vaccine ecosystem – from sourcing and manufacturing through to distribution. It will support the ecosystem’s long-term… Continue reading HSBC and ADB announce $300m boost for COVID-19 vaccines in APAC’s developing economies

StanChart Incorporates Loan Market Association’s Green and Sustainability-linked Loan Principles into Trade Financing Framework

Singapore – Standard Chartered has launched a suite of sustainable trade finance solutions across Asia, Africa and the Middle East, Europe and the Americas. The Bank’s new Sustainable Trade Finance Proposition is designed to help companies implement more sustainable practices across their ecosystems and build more resilient supply chains. The Sustainable Trade Finance Proposition builds… Continue reading StanChart Incorporates Loan Market Association’s Green and Sustainability-linked Loan Principles into Trade Financing Framework

ADB Bolsters Support for Sustainable and Resilient Food Systems

The Asian Development Bank (ADB) has quadrupled its support for food systems development in the past decade from $409 million in 2010 to $1.2 billion in 2020 to help close the financing gap in ensuring food security. “One of the most important lessons learned from the coronavirus disease (COVID-19) pandemic is the urgency of generating… Continue reading ADB Bolsters Support for Sustainable and Resilient Food Systems

The strongest recession since WWII. What does 2021 have in stock for global trade?

The first half of 2021 should be similar to the year 2020, marked by the strongest global recession since the end of the Second World War.

Envoy Cements Commitment to Environmental Transparency with Pole Star

London & LatAm – Envoy, the defi solution for modernising trade finance and injecting capital into trades flowing through emerging markets, has formalised a commitment to transparent and sustainable trade by launching Envoy Green. The foundational agreement underlying Envoy Green is with Pole Star, a maritime tech solutions company. Its PurpleTRAC platform, a single point… Continue reading Envoy Cements Commitment to Environmental Transparency with Pole Star

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