As global central banks hike rates to rein in inflation, and businesses battle with sourcing goods through choked supply chains exacerbated by the war in Ukraine and Chinese lockdowns, Africa finds itself with a growing problem–accessing US dollar liquidity.
Category: Trade Finance
Red clause vs green clause letters of credit – A 2022 letter of credit guide
What is the difference between a red clause letter of credit and a green clause letter of credit? Read TFG’s 2022 letter of credit guide now!
End of an era: India to surpass China as most populated country in 2023, UN predicts
India is projected to surpass China as the most populous nation in 2023, according to the latest medium variant data from the United Nations Department of Economic and Social Affairs.
J.P. Morgan report finds that working capital of S&P 1500 companies returns to pre-pandemic range
After reaching 10-year highs in 2020, the working capital of the S&P 1500 companies returned to pre-COVID-19 levels in 2021. Today, J.P Morgan’s 2022 edition of the Working Capital Index report finds that the global economy’s recovery has led to a 20 percent increase in sales across S&P 1500 companies, resulting in an inventory reduction. … Continue reading J.P. Morgan report finds that working capital of S&P 1500 companies returns to pre-pandemic range
AfDB and Societe Generale partner on €50m trade finance facility to support African SMEs
The African Development Bank (AfDB) Group approved a €50 million unfunded risk-sharing facility with Societe Generale. The facility, intended to drive trade finance across Africa by supporting small and medium enterprises (SMEs), as well as the local banks that service them, comes as part of a collaboration between AfDB and Societe Generale. The new partnership… Continue reading AfDB and Societe Generale partner on €50m trade finance facility to support African SMEs
SME appetite for trade finance
Trade Finance Global surveyed firms throughout Europe to gain an understanding of SMEs’ trade finance usage norms and their propensity to pay for new or additional trade finance products and services.
Podcast: FCI – why the factoring industry is experiencing a boom
TFG spoke to one of the world’s largest factoring associations to find out how trade receivables can help solve the liquidity crunch caused by supply chain disruption.
The difference between SWIFT messaging types: MT799 and MT760 [UPDATED 2023]
SWIFT MT799 is a Free Format Message. MT760 is used for requesting a Standby Letter of Credit or Demand Guarantees. Read the TFG guide now
Debt utilisation in European SMEs
Trade Finance Global (TFG) surveyed firms throughout Europe to gain an understanding of SMEs’ trade finance usage norms and their propensity to pay for new or additional trade finance products and services.
Letter of credit use amongst SMEs
Trade Finance Global surveyed firms throughout Europe to gain an understanding of SMEs’ trade finance usage norms and their propensity to pay for new or additional trade finance products and services.
Usance letters of credit – what are they? | 2022 TFG Usance LC Guide
When using an usance or deferred letter of credit, the issuing bank must make payment by a preset date. This makes planning easier and unlocks working capital.
Debt vs. equity finance: how do European SMEs use third-party financing?
Trade Finance Global (TFG) surveyed firms throughout Europe to gain an understanding of SMEs’ trade finance usage norms and their propensity to pay for new or additional trade finance products and services.
Commodities: the strategic answer to boosting trade finance liquidity?
The supply chain crunch needs liquidity to oil its wheels. Will the current commodities price surge be enough to lure lenders back into the trade finance business?
Reserve Bank of India greenlights cross border trade transactions in rupees
Indian exporters and traders can now accept payment in Indian Rupees (INR), rather than US dollars, according to new rules introduced by the Reserve Bank of India The Reserve Bank of India (RBI) has announced a new forex mechanism in a bid to stabilise the Indian economy and encourage more cross-border trade. The system will… Continue reading Reserve Bank of India greenlights cross border trade transactions in rupees
Phytosanitary and sanitary platform ePing launched by WTO and partners to reduce technical barriers to trade
An improved version of the online alert system ePing launched on 13 July, facilitating tracking of sanitary and phytosanitary (SPS) and technical barriers to trade (TBT) measures. SPS tool ePing provides a single-entry point for users to submit and track information on product requirements while enhancing coordination among government agencies and the private sector. The… Continue reading Phytosanitary and sanitary platform ePing launched by WTO and partners to reduce technical barriers to trade