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.
TFG’s Carter Hoffman explores the current and potential impact of COVID-19 on both international trade and trade finance. Business as unusual, the decisions we make now will have long lasting impacts.
TFG’s Editor Deepesh Patel spoke to Stacey Facter, BAFT’s Senior Vice President for Trade Products, during BAFT’s Global Annual Meeting, held in Frankfurt from January 13-15, 2020. Anti-money laundering (AML) and sanctions were key compliance themes at the meeting, so TFG caught up to discuss how these could be tackled moving forward, and what’s in stock for 2020.
In the past few years, Twitter has evolved from a casual social media platform to a legitimate arena for political and economic discussion. As the decade comes to a close, it feels appropriate to look back on the top ten tweets in the trade sector that we’ve seen in 2019.
Trade Finance Global caught up with Head of Macroeconomic Research, Ana Boata at Euler Hermes last month at The Institute of Export & International Trade’s World Trade Summit. A very interesting macroeconomic view on how households, retail and economic growth has changed in 2019 due to trade wars, Brexit and business uncertainty.
We spoke to the Finastra’s CEO Simon Paris about the future of trade and challenges of capitalism, during the World Trade Symposium at New York. We discussed key themes around bilateralism and multilateralism in global trade and why we need to turn our eyes to plurilateralism. A typical SME trade finance transaction is $25,000, but the average cost to trade finance instruments is $4,000 and this is not particularly helpful in addressing the trade finance gap. Is the technology the remedy here?
Over the past few weeks, trade spats have shaken global markets. Worldwide, trade conflicts are being borne of political rather than economic woes — is this the new normal?
It is clear that NGOs play a major role in providing humanitarian aid. However, there are several NGOs that are responsible for facilitating national and international trade as well. Organizations like Care International, use trade as a tool to empower women by improving their financial literacy.
The nature of Xi Jinping’s political hegemony has altered China’s conduct and outlook of international trade; based on China’s economic past, what could this spell for the future?
The life of a corporate treasurer is changing, and so is transaction banking. TFG spoke to Lesley McNamara at BAML on integrating product offerings, digital banking trends, corporate treasury and trade updates.
History’s most ambitious and extensive infrastructure project is currently underway. If successful, China will become the world’s undisputed Centrepoint of trade. However, such a triumph will not come easily.
LSE’s Grace Lordon explores the gender gap that exists in trade finance, examining why it exists and how it might be overcome.