Category: Trade Finance

B.B. Energy Group Holding Ltd. successfully closed its USD197.5m – 1 Year Revolving Credit Facility

[box] B.B. Energy Group Holding Ltd. – known as B.B. Energy – is pleased to announce the successful signing of its USD 197.5 million 1 Year Revolving Credit Facility (RCF). The facility will be used to refinance the existing Revolving Credit Facility signed in 2019 and for general corporate purposes. [/box] The new facility was… Continue reading B.B. Energy Group Holding Ltd. successfully closed its USD197.5m – 1 Year Revolving Credit Facility

UK and Ukraine sign Political, Free Trade and Strategic Partnership Agreement

[box] The agreement will ensure ambitious cooperation in political, security and foreign matters with Ukraine, while also securing continued preferential trade for businesses and consumers. [/box] The UK Prime Minister Boris Johnson today signed an agreement with President Volodymyr Zelenskyy of Ukraine to strengthen the political and trade ties between the two countries. Boris Johnson… Continue reading UK and Ukraine sign Political, Free Trade and Strategic Partnership Agreement

Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in Sub- Saharan Africa

[box] Bankers, interviewed for the Trade Finance ‘Pulse Check’, unanimously call for an urgent switch in the focus of support towards the private sector and smaller enterprises to avoid an insolvency crisis [/box] Jeddah, 08 October 2020: – The Pulse check report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks… Continue reading Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in Sub- Saharan Africa

Trade Finance Registry: Singapore launches the world’s first blockchain-based solution aimed at preventing double financing fraud

Banks and government bodies rally together to mitigate trade finance fraud with Trade Finance Registry

Government secures access for British business to £1.3 trillion of global procurement contracts

[box] DIT has today announced that British businesses will be able to continue bidding for public sector contracts around the world worth over £1.3 trillion a year. [/box] The Department for International Trade has today (Wednesday 7 October) announced that British businesses will be able to continue bidding for public sector contracts around the world… Continue reading Government secures access for British business to £1.3 trillion of global procurement contracts

CFTC’s Heath P. Tarbert, on integrity, resilience, and vibrancy in the U.S. derivatives markets

TFG heard from the CFTC’s Heath P. Tarbert, on CFTC’s tremendous accomplishments in achieving integrity through sound derivatives regulation.

Trade shows signs of rebound from COVID-19, recovery still uncertain

[box] World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects. Main Points World merchandise trade volume is forecast to fall 9.2% in 2020. The projected decline is less than the 12.9% drop foreseen in… Continue reading Trade shows signs of rebound from COVID-19, recovery still uncertain

SWIFT and Singapore’s IMDA Join Forces to Drive Global Trade Digitalisation

SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) today signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally.

Podcast: Building resilience in treasury: leadership, supply chains and cash flow

TFG’s Deepesh Patel heard from Caroline Stockmann, Chief Executive, Association of Corporate Treasurers on lessons learned from the
Covid-19 pandemic on building resilience in treasury.

VIDEO: Natixis Chief Economist Insights – How well are Asian markets faring?

Covid-19 pandemic, the rise of techno-nationalism, US-China trade war, and Singapore string of frauds – just how well are the Asian markets responding to these issues?

Documentary collections: instructions for use

Since documentary collection is not a risk mitigation tool, it is appropriate to use this form of payment with caution to advise operators to follow a scientific approach in the management of this payment instrument.

First exports of UK beef to the USA in 20 years underway

[box] UK beef to be served on US plates for first time in over 20 years, with first exports commencing from a Northern Irish facility. [/box] The first shipments of UK beef are to depart for the USA today (30th September), marking a historic moment for UK farmers and food producers. Following the USA’s longstanding… Continue reading First exports of UK beef to the USA in 20 years underway

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