The need for trade finance digitization has never been clearer. In today’s pandemic-ravaged landscape, banks face multiple challenges, including the legislative shift to digital trade documents and growing regulatory scrutiny, changing customer behaviour and increasing competition in the form of trade finance investment funds.
Prime Minister Boris Johnson has announced a second national lockdown for England as the country looks to bring down the rate of coronavirus infections.
The ecosystem of cross border trade can be a complex one, and a level of assurance is needed to ensure proper levels of trade can be reached as efficiently as possible. A Bill of Lading, sometimes shortened to B/L acts as such assurance, as when issued by a carrier of goods it presents acknowledgement of the receipt of the cargo for shipment.
Lesley Batchelor OBE, the Director General of the Institute of Export & International Trade, gave her views on how UK businesses can improve their export performance, despite the current geopolitical situation
In this edition of Trade Finance Talks, we’re going to be hearing from Alisa DiCaprio, Head of Trade and Supply Chain at R3 on Corda, blockchain and data exchange in trade
A Bill of Lading (abbreviated to B/L) is one of the most important documents in the global trade transactions. A B/L has 3 basic purposes or roles: Evidence of Contract of Carriage… read more →
A judgment handed down by the English Commercial Court in 2018 illustrates how trade finance banks can find themselves facing unexpected risks when things go wrong in their customers’ trading… read more →
Top 10 questions on trade finance, covering Letters of Credit, Bills of Lading, Avalization, Documents, Reverse Factoring and Bank Guarantees. Read our Q&A.