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For centuries, trade documentation has been a time-intensive and resource-demanding process, involving a multitude of stakeholders and a deluge of paperwork. Central to this process is the bill of lading, the most critical document in international trade. 

Your Monday morning coffee briefing from TFG, 25th September 2023.

Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force today [20 September 2023]. 

Transitioning from documents to pixels, from cash to virtual payment gateways, and from local markets to international ones, the sweeping transformation of global trade into the digital world is redesigning the trade finance ecosystem. The alliance between ClearEye and J.P. Morgan represents the metamorphosis of the future of trade finance digitisation.

In this episode of Trade Finance Talks, TFG’s Deepesh Patel was joined by Shirish Wadivkar, Global Head – Wholesale Payments & Trade Strategy at Swift, to uncover the conference’s core themes, the latest Swift initiatives, and strategies to prepare for Sibos 2023.

The FIT Alliance, formed of BIMCO, DCSA, FIATA, ICC, and Swift, has initiated the “Electronic Bill of Lading Declaration” to enhance the efficiency, reliability, sustainability, and security of global trade through the use of electronic Bills of Lading (eBLs).

Sarah Murrow, CEO of Allianz Trade UK & Ireland, explains how trade credit insurance can help UK companies grow export revenues safely at a time of heightened credit risk.

From payments, credit and lending, to trade and supply chain finance, the entire financial services industry is being disrupted. Regulatory requirements, industry standards and the environmental, social, and governance (ESG) agenda have accelerated.

Although there is widespread support for ESG initiatives and a large proportion willing to prioritise positive environmental and social impacts over financial returns, Standard Chartered’s research reveals that many companies still haven’t made concrete sustainability commitments or set targets. 

Your Monday morning coffee briefing from TFG, 17th July 2023

The International Trade and Forfaiting Association’s (ITFA) Digital Negotiable Instruments (DNI) Initiative Day, hosted in London on 12 July 2023, served as an important platform for the future of trade finance.

In the ever-revolving landscape of trade payments, a notable trend is gaining momentum as the global financial industry embraces ISO 20022 – a data-rich and interoperable universal messaging format set to replace the legacy Message Text (MT) that has prevailed for years.

Africa, a continent synonymous with immense economic growth potential and abundant opportunities, has long grappled with transforming that potential into tangible growth. Despite being hailed as a land of promise, the realisation of Africa’s vast potential has remained elusive year after year.

Your Monday morning coffee briefing from TFG, 10th July 2023

Digitalisation is unlocking a multitude of real-time benefits for terminal operators, commodities traders and lenders, promising to make full transparency in inventory management and transaction flows the new normal.