There is, so far as I am aware, little or no precedent for what the UK is attempting to do: seeking to reduce unfettered access to its closest and most important market – which also happens to be one of the world’s two largest. In 2018, 46% of the UK’s exports went to the EU, and 54% of UK imports came from it. Almost all countries in the world try to make trade deals, not dismantle them.
Access to affordable trade finance is a condition of success in international trade, to the same extent as rapid clearance of customs and efficient transportation. For decades, successful companies in developed countries have benefitted from the existence of mature financial industries distributing high volumes of finance and guarantees at low rates. Trade finance is normally a high volume and low-cost source of finance, because the risk of default is small, with a global average of 0.2%, and little difference across countries.
It’s TFG’s first ever Podcast Takeover, and we welcomed Michael Bickers, Editorial Director of BCR Publishing, who Trade Finance Global have partnered with for the BCR Supply Chain Finance Summit APAC on the 15th and 16th of October in Singapore.
We spoke to the winner of the Queen’s Award for Enterprise & International Trade, Imran Arshad, founder of Eventuri, in a podcast series for Trade Finance Talks. The UK exports vehicles and vehicle companions to more than 160 countries worldwide, that’s 81.5% of all vehicles produced in the UK.
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
Everyone wants to make a consistent profit in the Forex market. Sadly, very few traders can make consistent profit in the retail trading industry. The majority of the rookie traders are losing money because they don’t know the proper way to manage their risk factors. They simply take unnecessary risks and blow up the trading account within the first six months. If you truly want to survive in this business, you must learn to trade like the professional traders in Hong Kong. Making consistent profit in the Forex market is not all hard. Just follow the basic guidelines and within a short period of time, you will be able to make a decent profit from this market.
The Telegraph’s ‘Future of Trade and Export’ conference sought to explore ‘new opportunities in international trade policy, finance and technology’.
HO CHI MINH CITY, Vietnam, 11th June. Deepesh Patel, Editorial Director of TFG, spoke today on the Evolution of Receivables Finance at FCI’s 51st Annual Meeting held in Vietnam. Speaking on a panel chaired by Lionel Taylor, Trade Advisory Network, alongside Editorial Directors of BCR Publishing and Business Money, the panel gave an observer view on the evolution of factoring in Southeast Asia.
Bank of America Merrill Lynch’s Baris Kalay explores what it takes to implement a successful supply chain finance program.
Stenn International’s Kerstin Caroline Braun addresses the $1.5tn trade gap, and discusses how non-bank financing can help bridge the gap.
Final analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that in 2018 factoring and commercial finance volumes in the EU grew overall by 7.9% to €1.73 Trillion, 80% of which was domestic business and 20% international.
The car and auto finance industry declined by around 1% in March in the UK, according to the Finance and Leasing Association.
In 2018 the world factoring industry volume continued its upward trend with a total reported figure of over 2,767 billion euro representing over 6% growth compared to the previous year.
Invoice factoring is the practise whereby a third party factoring institution purchases a business’ outstanding invoice debt with a discount applied. This increases the availability of funds in the short-term for businesses, which is often crucial to the survival of small-to-medium sized businesses.
Since its inception in 2015, OakNorth has gone from strength to strength. Indeed, last year the British challenger bank reported a 220% increase in profits from the previous year. So what is the story behind OakNorth and why is it growing so quickly?