The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka a $400 million cross-currency swap facility to help fund essential imports. Three private banks, which together deal with over 30% of Sri Lanka’s remittances and exports, will receive the facility to fund essential imports, including medicine, food and fertiliser,… Continue reading IFC to provide $400m credit swap facility to Sri Lankan banks
Category: Business Loans
ING and vc trade partner to digitise the syndicated loan market
ING announced today that it has spun out Loan Optics to vc trade GmbH, the leading digital platform in the market for private placement and promissory note loans. Loan Optics technology enables all stakeholders in the syndicated loan market (banks, borrowers, lawyers, advisers and agents) to cooperate on one central platform to originate, structure, document… Continue reading ING and vc trade partner to digitise the syndicated loan market
DCW unveils its latest insights on letter of credit use in the USA
Following the latest Q3 2022 edition of its quarterly letter of credit (LC) statistics for US banks, Documentary Credit World (DCW) has released its analysis of LC issuance from banks in the country.
UKEF announces new debt solution to help developing countries in the face of climate shocks
UK Export Finance (UKEF) announced on Finance Day at COP27, November 8, that it will become the first export credit agency (ECA) to offer Climate Resilient Debt Clauses (CRDC) in its direct sovereign lending. UKEF helps overseas buyers access financial support to make their projects happen, provided they commit to sourcing goods and services from… Continue reading UKEF announces new debt solution to help developing countries in the face of climate shocks
What is structured trade finance (STF)?
Structured trade finance is a type of debt finance that structures trade finance products from across the supply chain together. Learn everything you need to know about structured trade finance here.
Red clause vs green clause letters of credit – A 2022 letter of credit guide
What is the difference between a red clause letter of credit and a green clause letter of credit? Read TFG’s 2022 letter of credit guide now!
Usance letters of credit – what are they? | 2022 TFG Usance LC Guide
When using an usance or deferred letter of credit, the issuing bank must make payment by a preset date. This makes planning easier and unlocks working capital.
Freeports: Levelling up UK trade
Freeports are a special kind of air, rail, or seaport, where normal tax and customs rules don’t apply, says John Lucy, director of Liverpool City Region Freeport
After two decades of steady growth, are we at a breakthrough moment for factoring in Asia?
Twenty years ago Asia had a 12% share of the global factoring market. Today that share is 25%.
In this article, FCI’s Lin Hui looks at factoring’s two decades of steady growth in Asia, and where the industry goes from here…
EUF and FCI held their first online EU Factoring Summit
EUF plays an important role for our industry today more than ever and confirming FCI’s support regarding the lobbying of the new definition of default with the EBA.
SCHUMANN Interview: Robert Meters – Rethinking Credit Risk Management in 2020 and Beyond
TFG heard from Robert Meters on the significant role of trade credit insurance in the current economic crisis the global trade is facing.
Surety Bond Dilemma in Turkish Insurance: Breathing Life into Phraseology
TFG heard from Dr. Özge TOSUN, legal counsel at Export Credit Bank of TURKEY (Turk Eximbank) on the various surety bond dilemmas in Turkish insurance including the impracticality of expecting Turkish law to govern all overseas contracts.
What is UKEF’s Export Development Guarantee?
Under the Export Development Guarantee (EDG), UKEF can provide partial guarantees covering up to 80 per cent of the risk to lenders for a maximum repayment period of up to five years.
UK inward investment projects increase in 2019
Figures from the Department for International Trade published today (10 July), show the UK attracted 1,852 new inward investment projects in 2019/2020 financial year, representing a 4% increase on the previous year. Today’s figures show the US continues to be the number one source of foreign direct investment in the UK, delivering 462 projects and… Continue reading UK inward investment projects increase in 2019
What goes around comes around – An investigation into the implications of record social stimulus
As lockdowns became the norm around the globe, governments have had to step in to support their economies due to the substantial downturn in economic activity – breaking stimulus records in the process.