Your Monday morning coffee briefing from TFG.
With COP26 just around the corner, Export Credit Agencies, ECAs, are mandated to support government efforts in their fight against climate change.
The 2021 ICC Trade Register summary, on the credit risk profiles of trade finance, supply chain finance and export finance transactions. Read our summary on 38m transactions representing USD $19.2t exposures, and 28% of global trade flows.
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.
Your Monday morning coffee briefing from TFG. In the UK, over 40% of the population have received at least one vaccine dose. This compares to the US (24%), Italy (9%), Spain (9%) and France (9%). The UK government borrowed £19.1bn last month, the highest February borrowing since records began in 1993. Debt rose to £2.13tn, and consumer confidence rose to its highest level since last March.
Cooperation between credit insurers, export credit agencies and governments prove how far we have come since 2008.
Your Monday morning coffee briefing from TFG. The OECD upgraded its forecasts for global growth this year, mainly due to the sizeable $1.9t stimulus in the US. UK exports to the EU fell by a record 40.7% in January following the end of the post-Brexit transition period.
The Covid-19 pandemic is accelerating trends and technologies that came online before January 2020 and were just getting traction.
Gareth Bridgland from Perrys Chartered Accountants has outlined the main points to help you prepare your company well ahead of the deadline and make any required adjustments as things change.
Under the Export Development Guarantee (EDG), UKEF can provide partial guarantees covering up to 80 per cent of the risk to lenders for a maximum repayment period of up to five years.
TFG heard from Kevin Shakespeare, Director of Stakeholder Engagement at the Institute of Export & International Trade (IOE&IT), on the significant changes in how exporters and importers trade with the EU come 1st January of 2021 – the end of the transition period.
The Business Plan outlined new objectives that will allow UKEF to adapt its support for SMEs, help businesses across all the regions of the UK, access UKEF products, and focus its activity on sectors and countries.
Farmers are losing money regardless of their size, defaulting on existing facilities, and as such financiers are exiting structured commodity finance due to credit and compliance risks.
COVID-19 has dominated the headlines for the last few months. But now, with the negotiations stepping up and the transition set to end by December, Brexit is moving back into the limelight.
Economies around the world are now looking to reopening economies in support of generating economic activities, limited by social distancing restrictions.