Surecomp, a Canada-based trade finance solutions provider, has launched a new due diligence partnership with the Swiss-based Global Legal Entity Identifier Foundation (GLEIF). Under the deal, GLEIF will use Legal Entity Identifier (LEI) codes and the Global LEI Index to facilitate know your customer (KYC) compliance for Surecomp clients. The tie-up aims to provide customers… Continue reading Surecomp adds legal entity identification capability to all its cloud-based solutions by partnering with GLEIF
Category: Trade Finance
Cameroon secures £113m UKEF trade backing for major roadworks
The UK has signed a new trade finance deal with Cameroon that will help support the building of major roadworks in the African country. UK Export Finance (UKEF), the UK’s export credit agency, will provide £133 million of financial support to the Cameroonian Government. Under the deal, UK businesses will install and upgrade the Douala… Continue reading Cameroon secures £113m UKEF trade backing for major roadworks
Oil rallies, gas surges, nickel explodes: How sanctions and Russian aggression are terrorising commodities markets
Why have commodity prices surged in the last two weeks, and will they ever come back down again? TFG’s Marcus Lankford investigates…
TFG Celebrates International Women’s Day launching Women in Trade 2022
Trade Finance Global (TFG) launches Women in Trade 2022, celebrating 36 outstanding individuals in international trade and trade finance.
PODCAST: Bent but not broken? TDM’s John Miller on global trade resilience as we say goodbye to COVID-19, and hello to war in Ukraine
In our latest podcast, TFG’s Deepesh Patel spoke with John Miller, chief economic analyst at Trade Data Monitor (TDM), about the surprising resilience of global trade over the last two years
Black diamond rises: Demand for coal heading to new all-time high despite net zero targets
Despite net zero targets agreed to at COP26, global demand for coal is hotter than ever. TFG’s Lewis Evans investigates why…
Letters of credit explained: How can they help your trading business grow, and how do you apply for one?
Letters of credit are one of the most commonly used trade finance instruments, and they are a great way to increase security and mitigate risk during a trade transaction
RELEASED: Trade Finance Talks – Trade at a tipping point
The latest issue of TFG’s Trade Finance Talks, ‘Trade at a tipping point’, is out now!
How to communicate ESG in trade finance
Trade finance plays a crucial role in the transition to a sustainable future, but how can financial institutions communicate this effectively? KNECTCOMMS’ Kamyar Naficy offers some advice
The race is on: Will China dominate EV production, or will the EU and Japan rise to the challenge?
The race is on to lead the world in electric vehicle (EV) production. Will China dominate, or will the EU and Japan forge ahead?
Green finance: British engineering firm ODE seals UKEF guarantee for Polish wind farm
UK Export Finance (UKEF), the UK’s export credit agency, has signed a new green finance agreement with London-based Offshore Design Engineering (ODE). Under the deal, HSBC UK will provide a €900,000 financing facility for an ODE offshore wind contract in Poland, which will be guaranteed up to 80% by UKEF. The deal is a product… Continue reading Green finance: British engineering firm ODE seals UKEF guarantee for Polish wind farm
UK and New Zealand sign ‘most advanced’ post-Brexit free trade deal, unlocking £800m for British economy
The UK and New Zealand have signed a new free trade deal that will remove trade barriers on a huge range of UK goods and services. The deal is expected to increase the value of the two countries’ £2.3 billion trading relationship by 60%, adding £800 million to the UK economy and increasing wages for… Continue reading UK and New Zealand sign ‘most advanced’ post-Brexit free trade deal, unlocking £800m for British economy
PODCAST: Ships, sanctions, and suspicious vessels – How AIS and other trickery is confounding compliance
In our latest podcast, TFG’s Deepesh Patel spoke with Saskia Rietbroek of ACSS and Michael Byrne of IIBLP on sanctions busters, sanctions compliance, and new maritime guidance for financial institutions
FCI, EBRD pioneer new cross-border factoring technique for SMEs in Georgia, Armenia
FCI and the European Bank for Reconstruction and Development (EBRD) have launched a new factoring initiative in Georgia and Armenia. The partnership will see Georgia and Armenia using a unique cross-border trade finance technique pioneered by FCI – the global representative body for the factoring industry. In a press statement, FCI and EBRD said they… Continue reading FCI, EBRD pioneer new cross-border factoring technique for SMEs in Georgia, Armenia
Banks pull Russian commodity trade finance lines amid Ukraine invasion
Several public and private banks and financial institutions have imposed trade and commodity finance restrictions on Russia amid the escalating conflict in Ukraine