As advocates of DLT in global trade and commerce, TFG are partnering with 101 Blockchains to promote the education of specific technologies that are currently available.
Now is the time for trade finance institutions to take the lead in efforts to strengthen SME resilience and leave them in a position to be able to bounce back in the aftermath of the pandemic.
Interbank and bank-to-corporate messaging remains a challenge, and whilst the industry welcomes moves towards structured data and SWIFT’s new messaging types, there are still challenges.
DeFi, short for Decentralized Finance and also referred to as ‘Open Finance’, is a set of DLT-based financial services and applications intended to augment or replace the currently existing financial system (comparatively referred to as ‘Centralized Finance’).
The Distributed Ledger Payment Commitment (DLPC) is a potential solution allowing for digital representations of payment commitments on a distributed ledger.
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
What are the various forms of trade credit financing? What are the advantages and disadvantages of trade credit? Learn everything you need to know about the pros and cons of trade credit here!
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.
“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.