By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.
By understanding how paper documents work, we explore whether trace:original by Enigio, is an alternative way of approaching digital trade.
Banks can play a frontline role in closing the sustainable trade finance gap and supporting a green recovery post-COVID-19 by embedding ESG checks, fostering collaboration and inclusion, and mainstreaming digital solutions.
The pandemic has undoubtedly had countless negative implications for the global community. However, amidst all the turmoil there have been some silver linings.
Your Monday morning coffee briefing from TFG. A container ship ran aground, blocking the Suez Canal which carries about 12% of global maritime trade. The blockage may take some time to clear, further disrupting global shipping, already beset by high freight costs and delays caused by the pandemic.
We take a dive into the world of Letters of Credit (LCs) and Standby Letters of Credit – some of the essential tools in cross-border trade transactions.
The present article discusses the potential benefits of using blockchain technology for trade finance activities and highlights significant challenges facing the blockchain’s adoption
How are the rights and obligations of the parties to a credit affected on account of missed deadlines caused by these force majeure events?
The utopia of a truly paperless trade finance industry will eventually happen, however one simple question remains: when?
Today we’re delighted to be joined by Simon Ring at Pole Star and Nick Barnes at TradeIX and the Marco Polo Network. This podcast is really about the intersection between freight forwarding, trade and regulatory technology.
Trade underpins the evolution of mankind, and with trade comes trust, and with trust comes third parties. Moving forward from IOUs and promises written on clay tablets thousands of years ago, to today’s interconnected world of trade, I want to question how far the industry has really gotten to, in terms of innovation and true digitalisation.
TFG spoke to Emmanuelle Ganne, Senior Analyst and Blockchain Lead at the World Trade Organization on the state of digitisation within trade and trade finance. With the rise of numerous DLT and non-DLT consortia, what role should multilateral bodies play, and how can we create paperless trade together? The interview was held at ExCred Commodities in London.
Despite today’s climate of rising trade tariffs and falling trade volumes, UniCredit’s Global Head of Global Transaction Banking, Luca Corsini, claims we have reason to remain optimistic for trade finance revenues in the coming months, pointing to the rising need for security in trade transactions, the rise of digital platforms to simplify and expand service provision, and continued infrastructure development stemming from Asia.
Deutsche Bank and Serrala, have launched the first API interface for SEPA instant payments in the market.
Amsterdam Trade Bank and First Abu Dhabi Bank among customers upgraded in record time ahead of regulation deadline