This article discusses the potential benefits of using blockchain technology for trade finance activities and highlights the significant challenges facing blockchain adoption.
Category: Trade Finance
President-Elect Biden and the Trading Landscape he Inherits
President-Elect Biden – once he assumes office – will inherit the US trading power, which over the last 4 years has solidified itself as a force to be reckoned with after its aggressive approach to trade.
Podcast: Multilateral Perspective – A Roadmap for Sustainable Trade Finance
We take a look at the role of multilaterals and public-private partnerships can help the trade finance community achieve sustainability objectives.
GSCFF issues payables finance guidance to drive further clarity on SCF techniques
Global Supply Chain Finance Forum issues payables finance guidance to drive further clarity on terms and techniques
VIDEO: Spotlight On – Agribusiness – Key developments in commodity markets (agri and softs)
TFG spoke to an expert group of global commodity traders to look at the key developments in commodity markets over the past few months, with a focus on the agri and softs sector.
EUF and FCI held their first online EU Factoring Summit
EUF plays an important role for our industry today more than ever and confirming FCI’s support regarding the lobbying of the new definition of default with the EBA.
BADEA and ITFC Intensify their Support to the African Countries to Fight COVID-19 Pandemic through the Arab Africa Trade Bridges (AATB) Program
[box] Jeddah- 02 November 2020 –The Arab Bank for Economic Development in Africa (BADEA) intensifies its partnership with the International Islamic Trade Finance Corporation (ITFC) to support African Countries to fight COVID-19 through a joint program under the Arab Africa Trade Bridges (AATB). This took place during a signing ceremony at the Headquarters of the International… Continue reading BADEA and ITFC Intensify their Support to the African Countries to Fight COVID-19 Pandemic through the Arab Africa Trade Bridges (AATB) Program
12 companies using blockchain to rewire trade and trade finance
Trade finance has been undergoing a digital revolution for decades. But the advancement of new technologies such as blockchain and distributed ledger technologies (DLT) have accelerated this. A recent 2020 study by TFG and WTO shows 12 initiatives using DLT in trade finance (both open account and documentary trade).
#RemoteButConnected – TFG and TXF Partner for Global Commodities 2020 Virtual [Part 2]
As part of a wider strategic partnership with TXF, TFG are delighted to announce that we are supporting TXF Global Commodity Finance 2020, a 2 in 1 industry-leading event combining a physical and a virtual version.
Average LCV values and sold volumes continue to rise at BCA in September
September was the strongest month on record since lockdown for LCV sales as average values climbed yet again and sold volumes rose significantly to reach record levels. Demand remains exceptionally strong, with average values continuing to significantly outstrip guide prices and sale conversion in excess of 90% in most sales. Average LCV values at BCA… Continue reading Average LCV values and sold volumes continue to rise at BCA in September
Deutsche Bank draws up the world’s first ESG FX derivative framework agreement for Primetals Technologies
[box] − Initial term of the framework agreement is four years− Transaction complies with the terms of Deutsche Bank’s new SustainableFinance Framework− Sustainability criteria devised and monitored by independent consultants [/box] Deutsche Bank and Primetals Technologies have reached agreement on the world’s first hedging concept that links currency options to sustainability goals. The framework agreement… Continue reading Deutsche Bank draws up the world’s first ESG FX derivative framework agreement for Primetals Technologies
FCI: Best Trade Finance Innovator Global 2020
The CFI.co judges have conferred on FCI the 2020 award for Best Trade Finance Innovator Global 2020. Highlights of the judging panel’s findings include: FCI is the global representative body for the factoring and open-account domestic and international trade receivables finance industry, with nearly 400 members worldwide and an active presence in 94 countries. The cross-border platform relies on a… Continue reading FCI: Best Trade Finance Innovator Global 2020
UK And Japan Sign Historic Free Trade Agreement
[box] The UK–Japan Comprehensive Economic Partnership Agreement (CEPA) is the first deal that the UK has struck as an independent trading nation. A British-shaped deal that goes beyond the existing EU agreement, securing bespoke benefits for British businesses and citizens. Important step towards joining the Comprehensive Trans-Pacific Partnership free trade area –which would result in closer ties with 11… Continue reading UK And Japan Sign Historic Free Trade Agreement
Podcast: FCI – Views from the Board, Factoring and Receivables
TFG’s Deepesh Patel caught up with FCI’s Chairman, Mr. Patrick de Villepin, and FCI Vice Chairman, Mrs. Daniela Bonzanini, on the critical role of Receivables finance industry in the recovery of global trade growth during this challenging period.
1.5°C Supply Chain Leaders: Why are small businesses key to success on climate?
How can SME Climate Hub create an ecosystem to enable SMEs to leverage climate action as a powerful means of increasing their competitive advantage and help in accelerating the race to a net-zero future?