Trade Finance

BNY Mellon’s Joon Kim, Global Head of Trade Finance Product and Portfolio Management, Treasury Services, explores how the move from LIBOR to SOFR will impact trade finance.

Your morning coffee briefing from TFG. Global trade expected to grow 7-9% in 2021. The global shortage of computer chips is hitting SMEs and manufacturers hard

If you blinked and put your feet up this bank holiday weekend, you probably missed out on a few important milestones for digitalizing trade.

Kenneth Wong, Director, Global Transaction Banking, TD Securities, talks about the changing payments landscape, cross-border payments and digital currencies.

Your Monday morning coffee briefing from TFG. UK and Indonesia strengthen trade ties launching the Joint Economic and Trade Committee.

By the end of 2021, it’s anticipated that LIBOR rates will be discontinued, transitioning to the SONIA or SOFR. But what does this mean for trade finance? ITFA explains

SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards – specifically those relating to guarantees

Your Monday morning coffee briefing from TFG. FCI reports a drop in global factoring statistics in 2020, linked to a drop in trade volumes due to the pandemic.

Misr Technology Services (MTS), which operates Egypt’s National Single Window for Foreign Trade platform (Nafeza), has authorized CargoX to act as the blockchain document transfer gateway for the Advance Cargo Information (ACI) System.

Trade finance has a significant role to play in sustainable development and ESG, which extends to addressing global challenges around climate change, human rights and biodiversity.

Trade Finance Global (TFG) is excited to announce that we have partnered with Trade and Export Finance (TXF) for two of their upcoming 2021 flagship conferences

Your Monday morning coffee briefing from TFG. The world is emerging from a deep recession, and the recovery is coming faster than expected. With more than 800m vaccines administered globally, activity holding up despite lockdowns and additional fiscal stimulus coming. The IMF expects the global economy to stage a strong recovery, growing by 6.0% this year, with growth of 4.4% in 2022.

By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.

In this second installment of my two-part article, I endeavour to consider the documentary credit from the point of view of an exporter as well as its bank and provide some advice on how to best benefit from the effective use of documentary credits.

Trade Finance Global and the International Trade & Forfaiting Association (ITFA) will shortly be hosting a live Tradecast on LinkedIn, YouTube and via webinar (tradecast).