Treasury Management

London/Toronto – September 17, 2023 – Trade Finance Global (TFG) is thrilled to announce the winners of the prestigious 2023 Trade, Treasury, and Payment Awards, in cooperation with BAFT. Celebrating its seventh consecutive year, the TFG Trade, Treasury, and Payment Awards 2023 have once again recognised the exceptional contributions to the global trade and finance industry.

A first for the industry, Trade Finance Global (TFG) has partnered with several major organisations in the trade, treasury, and payments space to come together and speak openly about an often overlooked yet invaluable segment in the industry: the LGBTQ+ community.

A first for the industry, TFG has partnered with major organisations in trade, treasury, and payments to speak openly about invaluable segment: the LGBTQ+ community.

Although there is widespread support for ESG initiatives and a large proportion willing to prioritise positive environmental and social impacts over financial returns, Standard Chartered’s research reveals that many companies still haven’t made concrete sustainability commitments or set targets. 

The ICC has unveiled eUCP Version 2.1, an alignment of the eUCP with the UNCITRAL MLETR

Trade Finance Global (TFG) is pleased to announce the upcoming Trade, Treasury & Payments Awards 2023 ceremony, presented in cooperation with BAFT. These prestigious awards recognise individuals and organisations that have made outstanding contributions to the trade, treasury, and payments sectors.

FCI, the global representative body for factoring and financing of open account domestic and international trade receivables, has released their annual World Factoring Statistics report.

After years of dealing with the oppressive clouds of COVID-19, the world has since experienced the bloodiest land war in Europe since World War II, inflation levels unseen since the 1980s, rising interest rates, and large scale political instability across all regions. And now, a looming debt crisis in the US.

The financial services industry is constantly changing, and the pace of change is accelerating rapidly, especially for the payments sector. The industry has witnessed many shifts: from the barter system to cash, from cheques to cards, and from cards to digital banking and payments.

The United States Dollar has been the de facto global currency for the better part of the past century. While rhetoric questioning its longevity in this role has been around for decades, the past year has seen more leaders of rapidly emerging economies beginning to question why it still needs to be this way.

Lenders across the world are grappling with the trade finance asset class. In Singapore, a string of legal cases has left banks facing the prospect of staggering losses with the nature of the trade finance asset class, as secure and self-liquidating, facing an existential crisis.

Supply Chain Finance can, and should, be a force for good in ensuring much-needed liquidity reaches all suppliers, regardless of their size and meets the objectives of buyers.

The World Economic Forum’s Global Gender Gap Report 2022 reveals that despite progress made towards gender equality in education and health, the gender gap in economic participation and opportunity remains essentially unchanged.

Trade Finance Global (TFG) is happy to champion International Women’s Day 2023, highlighting the stories and success of women across the trade, treasury and payments (TTP) industry and beyond. 

Citi has been working collaboratively with its institutional clients to incorporate more sustainability-based principles into their everyday operations; a movement taking place as the world increasingly moves towards a more sustainable, low-carbon economy.