LONDON, 31 December 2020 – The UK government, the Association of British Insurers (ABI), Euler Hermes – the world’s leading trade credit insurer – and other underwriters have agreed to… read more →
The UK and Turkey have locked in tariff-free trading arrangements, which will support our trading relationship worth £18.6 billion in 2019, and committed to working towards a more ambitious trade… read more →
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 →
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.
The British Ambassador to Egypt, Sir Geoffrey Adams, today signed an agreement with Egypt’s Assistant Foreign Minister for Europe, Badr Abdelatty to strengthen political and trade ties between the two… read more →
The SMEunited General Assembly calls for an urgent agreement on EU-UK relations. They also insist on a phased implementation of any agreement of at least three months for SMEs to… read more →
Gunvor Group has successfully closed a new US $540 million borrowing base facility to support the Company’s biodiesel trading activity. The Facility drew strong support among Gunvor’s banking partners, which… read more →