Moody’s Investors Service announced the long-term deposit ratings of ten banks in Saudi Arabia, as well as the senior unsecured and subordinated debt ratings of their affiliated entities, where applicable,… read more →
As uncertainty remains in global supply chains and trade finance, the International Trade and Forfaiting Association’s (ITFA) Lynn Galkoski, Director, Trade Product & Portfolio Management with BNY Mellon Treasury Services shares her insights on trends that may arise this year.
ITFA, the Global Trade Finance Industry body, is delighted to announce the creation of the ITFA Fraud Prevention Working Group. The newly created working group is being set up as… read more →
After COVID-19, the commodity trade finance industry experienced a period of great recovery. Trade finance covers a broad range of financing arrangements for the production, exporting and selling of commodities.
In the largest banking collapse since the 2008 financial crisis, US regulators were forced on Friday to take over control of Silicon Valley Bank (SVB) – a prominent lender to tech start-ups, providing financing for almost half of US venture-backed technology and healthcare companies.
Against the backdrop of wide-reaching global political and economic uncertainty, the credit and political risk insurance market (CPRI) has access to more capacity than ever before, with notional maximum capacity… read more →
The world’s SMEs need £24.7 trillion worth of financing to close the trade finance gap, with UK SMEs needing an estimated £580 billion, the chief economist of the trade credit… read more →
IFC, a member of the World Bank Group, and BNP Paribas (BNPP), today announced a landmark Synthetic Significant Risk Transfer (Synthetic SRT) transaction. This Synthetic SRT will allow BNPP to… read more →
Allianz Trade, a provider of trade credit insurance, is set to acquire an additional 50% stake in Cosec, the Portuguese export credit agency (ECA), from Banco BPI, Portugal’s fourth largest… read more →
As more companies look for ways to expand into new markets, surety bonds provide a valuable safeguard and financial advantage.
The European Bank for Reconstruction and Development (EBRD) and the Multilateral Investment Guarantee Agency (MIGA) have signed a landmark first co-financing agreement, under which MIGA will issue up to $200… read more →
Finastra, a global financial services provider, has partnered with Integro Technologies to offer Integro’s SmartLender Trade Limits solution alongside its own Trade Innovation solution. Integro Technologies is a subsidiary of… read more →
The ICC United Kingdom has announced a new initiative to strengthen the UK finance industry against the impacts of duplicate financing fraud. The Centre for Digital Trade and Innovation (C4DTI)-led… read more →
As 2023 unfolds, shippers are experiencing signs of relief from the supply chain upheaval over the past few years. U.S. container imports in December continued to close in on 2019 volumes, port delays continued to improve, the maritime capacity crunch has eased, and ocean shipping rates have approached pre-pandemic levels.