Following warnings to UK government Ministers around exporters being locked out of the Coronavirus Business Interruption Loan Scheme (CBILs) by banks, the UK government has clarified its position.
London, 21 April 2020 – A preliminary report released today outlines a significant cumulative response from insurers of export credit, resulting in four broad categories of support, based on: Supporting… read more →
Trade finance has been helping SMEs, middle market businesses, and the corporate sector to manage their financial issues. Here is all you need to know about how it suits your business.
ITFA, BAFT, Berne Union, IACPM, IUA and LMA today wrote to European Union policymakers about the importance of facilitating bank lending amid the COVID-19 crisis.
The International Chamber of Commerce (ICC) has provided guidance to the trade finance market to address COVID-19 disruptions, urging governments and central banks to void any legal prohibitions on the… read more →
Responding to new UK Finance figures which show that 6,016 of the 28,461 small business finance applications made through the Coronavirus Business Interruption Loan Scheme (CBILS) have been successful, Federation of… read more →
I have been amazed at the response of the financial services innovation community to the COVID-19 crisis. It is at times like these that we really see the value of… read more →
The International Chamber of Commerce (ICC) and World Health Organization (WHO) have launched a worldwide survey to report the challenges faced by the private sector from COVID-19. In response to… read more →
Initiatives focusing on pharmaceuticals and healthcare and other value-added sectors such as agriculture and textiles to take precedence (Jeddah, KSA, 14 April 2020) – The International Islamic Trade Finance Corporation (ITFC),… read more →
SINGAPORE, April 14, 2020 /PRNewswire/ — Cargill and Agrocorp, in partnership with Rabobank and other logistics partners, have completed a cross-continent commodity trade transaction of wheat from North America to Southeast Asia on a blockchain platform… read more →
• In addition, since the implementation of the ICO (Instituto de Crédito Oficial) credit lines, CaixaBank has successfully surpassed the first tranche it had been assigned, fulfilling requests totalling more… read more →
(Geneva) – The International Trade Centre has launched a new dashboard to monitor temporary trade measures adopted by governments responding to the global COVID-19 pandemic. At the same time, ITC has announced… read more →
“WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008-2009″
As airlines struggle with their cashflows as a result of the travel slump brought about by Covid-19, TFG’s Flora Tan spoke to Ocorian’s Conor Blake, examining the impacts.