Factoring, as an important method to extend credit, is a type of financial transaction where the creditor assigns its receivables to an assignee at a discount. In recent years, there has been a large growth of factoring transactions around the world.
WTO, TFG and ICC have today launched their latest publication ‘Accelerating trade digitalization to support MSME financing’
A three pillar approach to achieving a more sustainable and inclusive future for global trade
All the insights from the first day of the biggest trade finance event in the MENA region.
A reliance on paper has hindered commodity finance for far too long. It should welcome digitalisation with open arms.
How is China using technology to build the technical and financial infrastructure for the ambitious BRI? Eugenio Reggianini reports on the BSN and DCEP
City Bank has become the first Bangladeshi bank to execute a cross-border Letter of Credit (LC) transaction under a Shariah-based financing arrangement executed using blockchain technology.
Your Monday morning coffee briefing from TFG. Talks between the UK and the EU on their future relationship continue without a breakthrough, and the UK government placed London and much of South East England under tier 4 restrictions.
Your Monday morning coffee briefing from TFG. Global trade volumes slowed, rising by 2.1% in September to a level roughly 4% below that of the same month in 2019.
The UK and Canada agreed to roll over their existing trade arrangements after the transition period and developments with a Covid-19 vaccine.
A busy week in trade with the US Election results confirming President-Elect Joe Biden and potential success with a COVID-19 vaccine. Continued struggles for SMEs around the globe, as well a number of industry-leading events and announcements.
The presidential transition period which lasts until 20 January will freeze talks on a UK-US trade deal Numbers of new confirmed Covid cases continued to rise in the US, Germany and Italy.
Hong Kong, China. Trade Finance Global (TFG) and World Trade Organization (WTO) have today launched their updated Periodic Table of DLT Projects in Trade, at the Hong Kong Fintech Festival.
Distributed Ledger Technology (DLT), colloquially termed ‘blockchain’ has been touted to disrupt trade and supply chain, as well it’s financing, for over 5 years. Following on from TFG, WTO and ICC’s ‘Periodic Table’ enlisting 39 projects in global trade utilising DLT, we’ve relaunched our table, indicating that the industry has considerably matured and evolved in less than 12 months.
Banks and government bodies rally together to mitigate trade finance fraud with Trade Finance Registry