Banks, fintechs, and other vendors have a pivotal role to play in this situation to support communities and try to help the economy moving in the short and long term.
How are the rights and obligations of the parties to a credit affected on account of missed deadlines caused by these force majeure events?
Correspondent Banking should in the future reinvent itself to accompany to be an ideal companion to technical assistance and be a key milestone potential ahead for the Africa market.
Trade digitization and electronic documents will be the new-norm as a result of the COVID19 pandemic which will accelerate the transformation process.
Tradecast announced, June, 2nd 2020: Trade Finance Transactions Go Live – BAFT’s Digital Ledger Payment Commitment (DLPC)
Documentary credit may be one of the most convenient payment method available to buyers and sellers, but one should know its limitation to avoid issues and penalties.
TFG heard from Tanya and Stephen of Czarnikow discussing the impact of Covid19 on sugar supply chains considering different perspectives.
With the Covid-19 pandemic, our paper-based trade finance settlement system suddenly stopped working. It is about time businesses adopt paperless and digital workflow to safeguard trade finance operations.
How the collapse of Hin Leong Trading should accelerate the adoption of technology for trade finance
Hin Leong Trading’s, founded by Singaporean oil tycoon Oon Kuin, collapse sends shockwaves through industry leading businesses to significantly embrace digital transformation.
ICC Banking Commission has released its 2019 Trade Register Report, revealing COVID-19’s potential to disrupt global trade.
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.
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!
The Letters of Credit (LC) process is perhaps one of the more recognisable elements of trade finance that needs innovation. TFG spoke to Carl Wegner, CEO of Contour to find out more