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

TFG heard from Joel Schrevens, China Systems, shedding light on trade data. Is SWIFT MT7xx or ISO20022 the right way forward? Why didn’t the BPO take off?

For Africa, the trade finance gap has been estimated at USD 110-120 billion. TFG spoke to Afreximbank on the challenges/ opps that lie ahead.

TFG spoke to Elitza Kavrakova, Head of Institutional Clients East, and Martina Zimmerl at Raiffeisen Bank International on trade finance in CEE

2020 marks the 21st anniversary of the Certificate for Documentary Credit Specialists (CDCS). LIBF’s experts in trade finance – Mike Backhouse, Alex Gray and David Morrish – explain why the… read more →

The London Institute of Banking & Finance (LIBF), the Bankers Association for Finance and Trade (BAFT) and the International Chamber of Commerce (ICC) are celebrating the 21st birthday of the… read more →

Geneva, 2nd December 2019. Today, at the WTO’s ‘Global Trade and Blockchain Forum’, ICC, TFG and WTO released a white paper combining over 200 responses from banks, corporates, fintechs and associations in the trade sector, as well as over 20 consortia, on the broader impact that distributed ledger technology (DLT) is having on the trade industry.

The loose notion of a supply chain is as old as trade itself. To help modernize the concept and provide firms with greater transparency, efficiency, and traceability, several innovative projects… read more →

There is a common miss-conception that four or five multiple banks must be involved to manage letter of credit transactions. These multiple banks include credit issuing banks, advising banks, negotiating banks, confirming banks, and reimbursing banks. What is less understood is that these “banks” are functions, not necessarily physical banks. The trade finance functions these banks perform in a transaction can be done by separate banking institutions or by one bank under UCP 600 guidelines (Uniform Customs and Practice for Documentary Credits, ICC Publication 600).