The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and equitable support to its developing members as they procure and… read more →
Under the new LC Confirmation Product, ITFC will be partnering with financial institutions to serve private secotor/SME clients trade finance needs. Jeddah, KSA, 14 December 2020: The International Islamic Trade… read more →
December 15: Contour, the global trade finance network has today announced that HSBC has become the first full production member of the network following Contour’s commercial launch in October this… read more →
A documentary trade credit (DTC) is a trade finance substitute for a commercial bank documentary letter of credit. A DTC is issued and negotiated under the same UCP guidelines as a documentary letter of credit; except the funds supporting the instrument are available with a third party international escrow company instead of a commercial bank.
The Director-General’s latest annual overview of trade-related developments shows a marked slowdown in the number of trade-restrictive and trade-facilitating measures adopted by WTO members related to goods trade over the… read more →
The Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) officially adopted at its meeting on 11 December a package of six recommendations and declarations aimed at addressing challenges… read more →
Your Monday morning coffee briefing from TFG. UK-EU Brexit talks continue, with the UK prime minister Boris Johnson and European Commission president Ursula von der Leyen agreeing to extend talks on the future UK-EU relationship beyond the previously announced deadline of yesterday.
The UK is today announcing an independent approach to the longstanding trade conflicts between the EU and US around steel and aluminium and aerospace tariffs. To defend the UK steel… read more →
Berlin, 8 December 2020 – TrailStone Group today announced the successful signing of a EUR 150m multicurrency secured uncommitted revolving credit facility for use by TrailStone Renewables GmbH, arranged by… read more →
We heard from Natasha Condon, Global Head of Core Trade at J.P. Morgan, on her take of how the trade finance market has fared in recent months, since joining the bank in 2020.
