HaloTrade Halotrade is a blockchain-enabled fintech startup focused on the delivery of sustainable supply chain financing. Founded to help curb the issue of disengagement in supply chains, Halotrade creates a… read more →
Trade Finance Global caught up with Head of Macroeconomic Research, Ana Boata at Euler Hermes last month at The Institute of Export & International Trade’s World Trade Summit. A very interesting macroeconomic view on how households, retail and economic growth has changed in 2019 due to trade wars, Brexit and business uncertainty.
There is a common miss-conception that four or five multiple banks must be involved to manage letter of credit transactions. These multiple banks include credit issuing banks, advising banks, negotiating banks, confirming banks, and reimbursing banks. What is less understood is that these “banks” are functions, not necessarily physical banks. The trade finance functions these banks perform in a transaction can be done by separate banking institutions or by one bank under UCP 600 guidelines (Uniform Customs and Practice for Documentary Credits, ICC Publication 600).
Kreuzlingen, Switzerland, November 2019 – The E-Invoicing Exchange Summit took place in Singapore on November 5 and 6, 2019. Almost 150 international experts, thought leaders and key decision-makers from 33 nations gathered… read more →
We spoke to the Finastra’s CEO Simon Paris about the future of trade and challenges of capitalism, during the World Trade Symposium at New York. We discussed key themes around bilateralism and multilateralism in global trade and why we need to turn our eyes to plurilateralism. A typical SME trade finance transaction is $25,000, but the average cost to trade finance instruments is $4,000 and this is not particularly helpful in addressing the trade finance gap. Is the technology the remedy here?
The UK government’s Export Credit Agency (ECA), UKEF, has a mandate to ensure that no viable UK export fails for lack of finance or insurance.
We spoke to Anabel Gonzalez during the World Trade Symposium in New York. We discussed whether the current US-China trade war had a positive impact on Latin American trade flows. Geopolitical uncertainty continues to threaten foreign investment and economic growth, particularly in emerging markets. Policymakers around the world are fretting about trade uncertainty and its impact on access to business finance, meanwhile, innovation and competition remain critical for economic growth.
While Boris Johnson’s record for winning votes in Parliament is rather poor (one out of seven) he did, at least, get a majority of thirty for getting his deal through, even if it wasn’t within the timeframe he wanted. In the end, he missed his deadline and was forced down an alternative path.
TFG are delighted to be Media Partners of the TXF Political Risk & Insurance conference in London on the 4th December, and to ensure you’re up to speed with this ever-changing environment, we caught up with leading experts in CPRI ahead of the conference.
New York, World Trade Symposium. With the world trade order under threat from protectionist movements, tit-for-tat tariffs, and a shift away from free and open trade, TFG’s Editor Deepesh Patel caught up with ICC’s Secretary General and Member of the World Trade Board, John Denton at Finastra’s World Trade Symposium.
There is no doubt that the new Incoterms® 2020 are very usable in the context of trade within the Europe/Central Asia land mass and transported by land, just as the 2010 and earlier versions were.
For over a month, political and economic tensions have been troubling the small middle-eastern nation. As turbulent exchange rates wreak havoc on the country’s economy, many are asking: what’s next?
TFG structures a £500k revolving trade finance facility for a packaging company for an order of 34 million sustainable glass jars, moving towards a long term sustainable finance facility