Everything you need to know about how the transition away from Libor will impact your business
African trade finance literature is often trusted by SMEs and usually omits domestic financial institutional challenges, especially in the Francophone markets.
Standard Chartered sees co-creation and innovation as a crucial aspect and is committed to continue this momentum of ‘more action, less talk’ by bringing the industry together
Since documentary collection is not a risk mitigation tool, it is appropriate to use this form of payment with caution to advise operators to follow a scientific approach in the management of this payment instrument.
TFG heard from Trade & Export Finance Specialist, Domenico Del Sorbo on practical aspects of payment instructions in international trade.
The Local Currency System – SML – resurfaces as an alternative to recover trade flows not only in the Mercosur but also in other regions of the world which can implement it.
With this global pandemic, it is recommended to encourage the use of guarantees and counter-guarantee subject to URDG 758 as it provides a balance between the interests of all the parties involved.
Considering the stakes involved in managing the AML/KYC compliances are high, banks/ FI should carefully assess the options available with them and look holistically to mitigate the risk.
SMEs need to explore innovative financing options like trade credit insurance as they plan and prepare for the “new normal”.
How are the rights and obligations of the parties to a credit affected on account of missed deadlines caused by these force majeure events?
The utopia of a truly paperless trade finance industry will eventually happen, however one simple question remains: when?
Documentary credit may be one of the most convenient payment method available to buyers and sellers, but one should know its limitation to avoid issues and penalties.
Tokenization is a concept with the potential to solve many trade financing problems that exist for business. TFG heard from Crowdz CEO Payson Johnston.
As the most authoritative voice in the trade finance industry, ICC Banking Commission, maintains a permanent dialogue with regulators and supervising bodies, helping to develop regulations affecting the industry.
TFG hear Frederic Bourgeois , Managing Director for CoFace for UK and Ireland, about the importance of specific insurance policies for the securitisation of trade receivables. He spoke about the trends and changes in the insurance of trade receivables.