TFG heard from Joel Schrevens Global Solutions Director of China Systems about the state of the trade and supply chain finance ecosystem. Established in 1983, China Systems is a leading trade services solutions vendor. The company is fully focused on providing an integrated front-end and back-office platform catering for internal and external deployment at a domestic, regional or global level.
Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 14th October 2019.
Geneva based blockchain software provider komgo SA has announced that it has taken a number of steps towards achieving its mission of catalyzing the world’s commodity trade network, with almost a billion USD of financing channeled by members of the network.
Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via the Marco Polo international trade finance network. For Marco Polo, it is the first Russian-German import-export operations financing project.
Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 7th October 2019.
Following the financial crisis, the International Accounting Standards Board (IASB) recognised the need for a forward-looking approach to account for credit losses. Previously, the IAS 39 accounting standard for assessing provisions was based on an incurred loss model. This approach has been criticised as “too little, too late” as it was perceived as delaying the recognition of potential turbulences while favouring forbearance.
London, 1st October 2019. Trade Finance Global (TFG) are delighted to announce the launch of Trade Finance Talks TV.
Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 30th September 2019.
TAS S.p.A. (“TAS”) has announced that its agreement with Anglo-Gulf Trade Bank (“AGTB”), a digital corporate trade bank for international clients based in Abu Dhabi, is now operational. The contract is being managed through its subsidiary TAS Helvetia S.A.
How can the UK ‘green’ its finance system? Meeting the Paris Agreement’s targets on greenhouse gas emissions is no easy feat. TFG spoke to Sir Roger Gifford, Chair of the UK Green Finance Institute, on how we can integrate climate science data and risk analysis into financial decision making to get sustainability at the forefront of the agenda for governments, banks and companies.
September 11, 2019 (Dubai / London) – National Bank of Fujairah PJSC (NBF), one of the
leading bank in the Middle East announced today that it has become a member of the Marco
Polo Network, the largest and fastest growing trade finance network.
Chicago, 10th September 2019. Trade Finance Global (TFG) are delighted to announce a Media Partnership with BAFT (The Bankers Association for Finance and Trade) for their 29th Annual Conference on International Trade.
Today we’re reminding our listeners that incoterms rules are changing at the start of 2020. With the updates and specific changes to be announced very shortly by the International Chamber of Commerce. We are delighted to be joined by a world-renowned exporting expert, Mr Robert Ronai.
(London) – International law firm Sullivan has advised ITFA (the International Trade and Forfaiting Association), on the launch of the new ITFA Unfunded Master Risk Participation Agreement (MRPA) and associated user guidelines, published yesterday, and will be issuing a CRR compliant legal opinion shortly.
Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 2nd September 2019.