“I joined SWIFT as part of the 5 man global sales team in 1985, so SIBOS in Brighton was my first … and of course it was memorable…I stayed for 20 years, attended 23 SIBOS events across the world- pioneering days … no mobile phones, paper based processes, no internet …’

The Asian Development Bank (ADB) has released the results of the 2019 rendition of their annual Trade Finance Gaps, Growth, and Jobs Survey. ADB’s vast network of respondents includes 112 banks from 47 countries, 53 export credit agencies from 17 countries, 39 forfaiters from 20 countries, and 336 other firms from 68 different countries around the globe.

All global industries require standards. Remember what a huge step forward it was when the carrier industry agreed on the design for a shipping container. The same is true for electronic trade documents and their supporting systems.

TFG heard from Accenture’s Cecile Andre Leruste, on the major digitisation initiatives within the commodiy finance space. Commodity finance is in a phase of major transition, driven by multiple megatrends

Islamic finance is a specialist area that presents exciting growth opportunities for the UK. Sharia (Islamic law) compliant banking assets make up 6% of the world’s banking assets, but globally, approximately one in four people are Muslim. The scope for growth is obvious.

In this interview series, we heard from two invoice discounting experts and learned more about the confidentiality features of this product and the fundamental differences to invoice factoring.TFG’s Persiana Ignatova spoke to Jeff Longhurst and Steve Box, who are members of World of Open Account (WOA).

Today the completion of the world’s first integrated paperless trade transaction happened – in iron ore – involving Rio Rinto selling bulk iron ore to Cargill, who sourced the cargo… read more →

In this interview series, we heard from two Factoring experts and learned more about the use of this genius concept. TFG’s Persiana Ignatova spoke to Thorsten Klindworth and Peter Brinsley, who are members of World of Open Account (WOA).

LBBW and Commerzbank have once again executed a trade transaction between Voith and KSB SE, via the Marco Polo trade finance network, built on R3’s distributed ledger technology (DLT) platform, Corda.

Guidelines to International Factoring Companies engaged in international trade, regardless of their size and industry; often face a demand from the importers for longer payment terms. This means, getting the… read more →