The UK’s exporters could face a Brexit bill worth as much as £25bn in lost revenues in 2021, according to a new report by Euler Hermes.
The present article discusses the potential benefits of using blockchain technology for trade finance activities and highlights significant challenges facing the blockchain’s adoption
EUF plays an important role for our industry today more than ever and confirming FCI’s support regarding the lobbying of the new definition of default with the EBA.
Freight forwarding, shipping and logistics are undergoing a digital makeover. Connecting the dots, enabling traceability and increasing transparency between parties is a win-win for all actors within global trade. So who’s doing what? As part of TFG & WTOs 2020 Blockchain for Trade study, 7 initiatives in this supply chain space have been mapped.
TFG’s Deepesh Patel caught up with FCI’s Chairman, Mr. Patrick de Villepin, and FCI Vice Chairman, Mrs. Daniela Bonzanini, on the critical role of Receivables finance industry in the recovery of global trade growth during this challenging period.
The FCI Annual Review is a globally recognised publication in the world of Factoring and Receivables Finance.
The first estimates for the factoring industry worldwide in 2019 have been announced today by the FCI Secretary General at BCR’s 20th RFIX event
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.
The most recent version of the EU Federation (EUF’s) Industry Standard Whitepaper has been recently updated and published with the finalised market data for 2018
Final analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that in 2018 factoring and commercial finance volumes in the EU grew overall by 7.9% to €1.73 Trillion, 80% of which was domestic business and 20% international.
In 2018 the world factoring industry volume continued its upward trend with a total reported figure of over 2,767 billion euro representing over 6% growth compared to the previous year.
Shipping has been an important activity throughout history, particularly when prosperity depended primarily on international and interregional trade. In fact, transportation has been called one of the four cornerstones of… read more →