Boris Johnson has now formally accepted the Queen’s invitation to form a government. TFG heard from leaders in trade, treasury, export and finance.
The Brexit calamity continues, as Boris Johnson takes to No 10 Downing Street following the Conservative Party Ballot Paper result, taking strategic control of the UK government.
Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 22nd July 2019.
“There remains significant capital trapped within the supply chains of S&P 1500 companies, with a potential to release an estimated $460 billion through working capital optimization programs”.
The International Chamber of Commerce (ICC) announced that it has accelerated attempts to digitalise of trade finance by releasing two new sets of enhanced rules, Uniform Customs and Practise for Documentary Credits (eUCP) and Uniform Rules for Collections (eURC 522).
Stenn, a leading provider of cross-border trade finance, closed a $200 million receivables securitisation programme with Natixis to expand its capital markets programme. This programme significantly augments previous capital programmes launched by Stenn.
London, 16th July 2019. TFG announces strategic partnership with WOA. TFG’s Deepesh Patel appointed as Advisor to support World of Open Account (WOA) in the development of new ideas, activities and the online community for the promotion of open account trade & receivables finance.
The pound continues to weaken as talk of a no-deal outcome heats up and uncertainty continues. The fact is, we’re no closer to any resolution than when Theresa May resigned, and the 31st October is rapidly approaching.
International Trade Secretary Liam Fox seeks to invest in the UK’s trading future by launching the International Trade Development Program.
The month of May marked the end of British Prime Minister ‘May’, and was ultimately about continuations of previous stories and themes, the outcome of the European Elections and the start of the Conservative leadership race.
NEWS: Factoring and Commercial Finance continues to be a low loss given default with 7.9% YoY Growth
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
An Essex based Vegetable and Fat Trader & Shipper, which has been trading for 38 years, has secured a £1.3m structured line of credit by GapCap, facilitated by Trade Finance Global (TFG).
Membership agreement enhances Standard Chartered’s benchmarking and modelling capabilities and strengthens Global Credit Data’s international coverage
TFG spoke to Mitigram’s CEO Milena Torciano, who just raised a Series B round of financing, worth 100SEK ($10.7m USD) from Sampo, on their ambition to become the Bloomberg of trade and digitise trade flows.
Trade Finance Global (TFG) is more than delighted to announce an educational partnership with FCI Academy; the Centre of Knowledge for Receivables Finance. FCI Academy will provide the participants of TFG Student Writer Programme with ten educational licenses for the ‘Fundamentals on Domestic and International Factoring Course’.
