When using an usance or deferred letter of credit, the issuing bank must make payment by a preset date. This makes planning easier and unlocks working capital.
Correspondent banks are a key part of cross-border payments facilitating the flow of trade between different jurisdictions.
This article is co-authored by Marcus Lankford and Mark Abrams. In December 2021, Bloomberg reported that several banks including BNP Paribas SA, Societe Generale SA, and ABN Amro have restricted financing commodity transactions following defaults linked to the pandemic and multiple frauds.
Everything you need to know about the Queen’s speech and it’s implications on trade.
Energy security has been heavily discussed in recent weeks, with the narrative changing almost daily.
This article will review the state of the market and provide an overview of everything you need to know about oil and gas in Europe.
On Wednesday, the Russian gas exporter and bank Gazprom suspended gas flows to Poland and Bulgaria as the firm did not receive payment from the countries in roubles.
The Centre for Strategic and International Studies (CSIS) held a conference on the United States (US) responses to the global energy crisis.
WTO and WCO on the role of technology in cross-border trade, TFG’s Marcus Lankford investigates key findings..
Despite the delays, the WTO has been keen to keep up the momentum of its ongoing trade discussions. At the 12th Ministerial Conference, the WTO’s top priorities will be…
Explained: What is the International Chamber of Commerce’s role in arbitration and trade dispute resolution?
Arbitration is a process by which parties to a commercial transaction settle disputes. It is an alternative to litigation, which takes place in domestic courts.
SME lending returned to pre-pandemic levels in 2021, but regions still playing catch-up to London, says latest British Business Bank report
A new report from the British Business Bank (BBB) has found that SME lending in the UK returned to pre-pandemic levels in 2021, writes TFG’s Marcus Lankford.
Oil rallies, gas surges, nickel explodes: How sanctions and Russian aggression are terrorising commodities markets
Why have commodity prices surged in the last two weeks, and will they ever come back down again? TFG’s Marcus Lankford investigates…
When the rouble plummets, where do Russians put their money? TFG’s Marcus Lankford investigates…
The race is on to lead the world in electric vehicle (EV) production. Will China dominate, or will the EU and Japan forge ahead?
With the COVID-19 pandemic now behind us, several key themes have emerged that will challenge the International Chamber of Commerce (ICC) and the trade finance industry in 2022