Trade finance providers have a critical role to play in the low-carbon transition. Through their lending decisions, they hold massive influence in some of the most carbon-intensive companies and supply chains, and they can use this leverage to push for much-needed progress on climate.
According to Ravi Menon, the Monetary Authority of Singapore’s (MAS) managing director, Singapore is set to trial the live issue and utilisation of wholesale central bank digital currencies (CBDCs) in… read more →
In collaboration with the Ukrainian government, Ukreximbank, Ukrgasbank, and DZ Bank, Marsh McLennan has announced Unity, a new insurance facility designed to offer cost-effective insurance for exporting grain and other… read more →
2022 insurance highlights Trade credit insurance has been pivotal in risk management for businesses, notably in mitigating the risk of unpaid invoices, a major concern affecting business continuity. A closer… read more →
Boosting profits and cutting emissions: How resource companies are embracing digital fuel management
Digital fuel management technology is making the mining industry less carbon-intensive and more profitable amid a mass shift to renewables-generated energy.
The European Union is considering extending its current truce with the US concerning steel and aluminium trade. This move could circumvent ongoing stagnant talks and prevent the re-imposition of tariffs… read more →
The overreaching arc of sanctions regulations is threatening the certainty of payments guaranteed by the smooth functioning of letters of credit (LC) in international trade. This tension recently played out in the Singapore courts in a judgment handed down recently (Kuvera Resources Pte Ltd v JPMorgan Chase Bank, N.A. [2023] SGCA 28).
The ISO 20022 format is a set of data and messaging that is integrated into an instant payment or any other cross-border transaction.
In the vibrant setting of FCI’s 55th annual meeting in Marrakesh, Deepesh Patel, editor at Trade Finance Global, engages in a revealing conversation with Richard Wulff, the executive director at ICISA, shedding light on the intricacies of credit risk insurance and the current challenges faced by the industry.
Today, the International Trade and Forfaiting Association (ITFA) has released an addendum to its Digital Negotiable Instruments (DNI) Handbook. This update follows the enactment of the UK Electronic Trade Documents… read more →
Trade Finance Global (TFG) was at the heart of these conversations, offering a unique and insightful perspective on the future of trade finance. After some time to reflect, here are our top takeaways from the jam-packed conference.
Today, the OPEC Fund for International Development (the OPEC Fund) announced a $21 million loan to support a sustainable water supply project in Rwanda. The new loan will help expand… read more →
The Biden administration has temporarily paused discussions on crucial aspects of the digital trade segment within its Indo-Pacific Economic Framework (IPEF) initiative, as stated by Democratic legislators on Tuesday. This… read more →
Today, the ICC DSI released their 2023 Key Trade Documents and Data Elements (KTDDE) report. The report outlines 14 key trade documents, going into depth on the definitions, purpose, and legal frameworks.