Credit Insurance

In October this year, the International Trade and Forfaiting Association (ITFA) published its long-awaited harmonised Basel III-compliant trade credit insurance policy form.

Your Monday morning coffee briefing from TFG. Stagflation: Over 80% of US and UK businesses have been hit by increased costs due to inflation. The Bank of England’s (BoE) chief economist backs the case for raising interest rates, and the BoE warns that a CBDC could reduce commercial bank despotis by 20%. The U-shaped recovery – ICISA’s Richard Wulff discusses trade credit insurance and its bounce back from the pandemic. Dr. Joanna Burch-Brown explores the EU taxonomy and the ethics of green finance. And European gas shortages are expected to push up fertiliser costs and food prices.

Like many products within trade finance, trade credit insurance has endured serious volatility during the last 12-18 months, thanks to the COVID-19 pandemic.

As the trade finance industry shifts towards more digitalised ways of doing business, new niches are opening up within the market.

A new report by Euler Hermes has found that the UK economy is “trapped by policy choices” going into the end of 2021 and beginning of 2022.

The world’s most important number is changing, and traders need to be aware of its implications.

The UK and ten major trading partners have agreed to end export credit support for unabated coal-fired power plants

Last week, at the ITFA Annual Conference, TFG’s editor, Deepesh Patel, sat down with Sean Edwards, chairman of ITFA.

Letters of credit are the oldest and most common type of short term trade finance, famously described as the “lifeblood of international commerce,” with some commentators suggesting their use stretches back to 3000 BC. What makes them so successful?

Our Editor, Deepesh Patel, sat down with Meera Saunders, Underwriter within the Trade Finance team at AIG to discuss the complexities of AIG’s new instrument: a trade credit bridge.

The 2021 ICC Trade Register summary, on the credit risk profiles of trade finance, supply chain finance and export finance transactions. Read our summary on 38m transactions representing USD $19.2t exposures, and 28% of global trade flows.

Trade and economic activity are advancing at a rapid pace across the Middle East. How are governments across the region evolving and harnessing opportunities to enable high-speed economic activity?

MSMEs are the backbone of the economy, however, they have faced a stream of obstacles on their road to obtaining crucial financing, particularly in emerging and developed markets, such as India and Southeast Asia.

Today’s IPCC report warns that temperatures are very likely to reach 1.5°C of warming by 2050. But what could this mean for global trade, trade finance and supply chains?

Swiss Export Risk Insurance SERV gives EPC contractors access to attractive ECA-covered financing through its ECA pathfinding approach. This also enables Swiss exporters to benefit from such infrastructure projects.