At the IIBLP’s Dubai Trade Law & Compliance Conference held in Dubai on 15 March 2022, one of the panellists referred to the Solo Industries fraud in a panel discussion addressing the recent Singapore case, Credit Agricole Corporate & Investment Bank (CACIB), Singapore branch v. PPT Energy Trading Co.
Trade Finance Global’s (TFG) Annie Kovacevic spoke with Mpho Sadiki, head of realtime payments at BankservAfrica, to learn more about what’s in store for the continent.
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.
Trade loans are used to finance transactions involving import or export trading and reflecting different stages in the commodity trade cycle, from pre-export financing to borrowing base facilities.
All trade loans, however, are used to finance imports, exports, or other trading transactions.
The SWIFT MT 799 and SWIFT MT 760 are both widely used in trade finance but have some important differences. If you want to learn about these differences, you’ve come to the right place.
The US and its Western allies have ramped up harsh economic sanctions against Russia, as it continues to attack Ukraine
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”.