The Distributed Ledger Payment Commitment (DLPC) is a potential solution allowing for digital representations of payment commitments on a distributed ledger.
Your Monday morning coffee briefing from TFG. The severe contraction of economic activity due to COVID-19 are being felt around the world. Associations are calling for state backed support for the private credit insurance market as the impact of bank lending severely impacts critical supply chains.
TFG heard from Noviland’s Francois Jaffres on the real challenges of COVID-19 on purchasing PPE from Chinese suppliers and the impacts on payment terms such as LCs
Given that nearly 90% of world trade relies on some form of trade financing (trade credit insurance, trade finance or guarantees), it’s important to understand the complexities around financing trade, the various products offered by financiers, and understanding the pitfalls, challenges and use cases for trade credit.
ICISA calls for a systematic approach across the EU to meet the demands of the crisis triggered by Covid-19. This coordination would enable economic sectors to still continue trading on a level playing field.
A toxic combination of macroeconomic dispute, a global pandemic which by now we are all too familiar with and dwindling storage capacity led to negative prices for crude oil for the first time in history, and the worst performance of West Texas Intermediate (WTI) on the New York Mercantile Exchange since its futures trading opening in 1983.
Here the story has been less dramatic. After the initial collapse in the pound to a 35-year low against the USD and 11-year low against EUR, we’ve seen a recovery to a level slightly above the average since the Brexit vote.
Trade finance has been helping SMEs, middle market businesses, and the corporate sector to manage their financial issues. Here is all you need to know about how it suits your business.
Industry bodies called for further government support towards supporting the global trade industry (multilaterals, banks and insurers), as the coronavirus pandemic continues to disrupt all areas of the economy.
There have been 1.7 million confirmed cases of coronavirus globally, with over 100,000 deaths. The majority of countries around the world still have strict lockdowns in place, and the virus is still spreading rapidly.
“WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008-2009″
As airlines struggle with their cashflows as a result of the travel slump brought about by Covid-19, TFG’s Flora Tan spoke to Ocorian’s Conor Blake, examining the impacts.
TFG’s Carter Hoffman explores the current and potential impact of COVID-19 on both international trade and trade finance. Business as unusual, the decisions we make now will have long lasting impacts.
TFG heard from development finance expert Diana Smallridge on the role of various institutions when it comes to financing trade, infrastructure, and exports.
