Estimated reading time: 7 minutes

Your Monday morning coffee briefing from TFG:

  • Football, factoring and fraud: Kicking out the bad actors, creating rules and standards
  • Geopolitical risk and financial crime risk are interwoven, and data is key to managing both
  • Generative AI and LLMs in trade finance: Believe the hype (well, most of it)
  • Trade finance and ISO 20022: A matter of when, not if?
  • Digital trade finance gets a lifeline: Xalts to acquire Contour Network
  • The rise of hydrogen and its impact on the energy market
  • World Economic Forum to host inaugural TradeTech Forum alongside MC13
  • UAE’s non-oil trade hits record high, surpasses $952bn in 2023

Football, factoring and fraud: Kicking out the bad actors, creating rules and standards

Factoring, invoice financing, and open account methods are vital for the global economy, aiding businesses in managing cash flow & liquidity. Read more →

Geopolitical risk and financial crime risk are interwoven, and data is key to managing both

Learn why data is crucial in navigating geopolitical & sanctions risks within the payments space, ensuring compliance & financial integrity. Read more →

Generative AI and LLMs in trade finance: Believe the hype (well, most of it)

Uncover the truth behind the hype of Generative Artificial Intelligence (GenAI) and its implications for trade finance. Read more →

Trade finance and ISO 20022: A matter of when, not if?

Discover how ISO 20022 can reshape the world of trade finance and what banks need to do to prepare for a global adoption. Read more →

Digital trade finance gets a lifeline: Xalts to acquire Contour Network

Singapore-based fintech start-up Xalts, has announced the acquisition of Contour Network after Contour announced bankruptcy in October. Read more →

The rise of hydrogen and its impact on the energy market

Discover the transformative role of hydrogen in the global energy sector in 2024. Explore the trends shaping the energy landscape and the potential of renewables. Read more →

World Economic Forum to host inaugural TradeTech Forum alongside MC13

The World Economic Forum is set to host the inaugural TradeTech Forum 2024, where 300 ministers, industry leaders, trade professionals, and representatives from civil society will discuss the integration of advanced technologies into trade. Read more →

UAE’s non-oil trade hits record high, surpasses $952bn in 2023

According to officials, the UAE’s non-oil trade reached $952 billion in 2023, breaking previous record highs. Read more about the news here. Read more →


TFG Weekly Trade Briefing, 19th February 2024

  • PODCAST: Absa on the trade finance distribution revolution and closing the $2.5tn gap
  • Addressing Africa’s debt dilemma: The role of ECAs and new strategies
  • The role of UCP in Standby Letters of Credit transactions
  • Expanding trade opportunities in developing economies through enhanced finance solutions
  • Finastra and Tesselate partner to enhance trade finance digitalisation
  • ICISA to host 3rd annual Surety Week
  • Global carbon permit markets reach record €881b in 2023
  • OECD: 2023 sees mixed progress in global service trade liberalisation

PODCAST: Absa on the trade finance distribution revolution and closing the $2.5tn gap

Hear from Absa about the impact of the global trade finance gap and how it relates to the originate-to-distribute model. Read more →

Addressing Africa’s debt dilemma: The role of ECAs and new strategies

Learn from ECIC about the debt crisis that African governments are facing & the need to renegotiate debts in order to avoid defaulting. Read more →

The role of UCP in Standby Letters of Credit transactions

Discover how UCP rules shape Standby Letters of Credit, making global trade smoother and more reliable for finance pros. Read more here. Read more →

Expanding trade opportunities in developing economies through enhanced finance solutions

As we sail through the choppy waters of global trade in 2024, we find ourselves in a world transformed by both financial and geopolitical shifts. Read more →

Finastra and Tesselate partner to enhance trade finance digitalisation

Finastra and Tesselate, a consultancy and integrator for digital transformation, have announced the introduction of a comprehensive, ready-to-implement service aimed at simplifying and accelerating the digitalisation of trade finance. Read more →

ICISA to host 3rd annual Surety Week

The International Credit Insurance & Surety Association (ICISA) is set to host the third edition of “ICISA Surety Week” from 19 to 22 February 2024. Read more →

Global carbon permit markets reach record €881b in 2023

The value of traded global markets for carbon dioxide (CO2) permits reached a record 881 billion euros ($948.75 billion) in 2023, marking a 2% increase on the previous year, according to analysts at LSEG. Read more →

OECD: 2023 sees mixed progress in global service trade liberalisation

In 2023, OECD’s yearly analysis reported that reforms of service trade liberalisation policies in 2023 fell short of expectations. Despite this, liberalisation policies slightly surpassed the introduction of new restrictions. Read more →

TFG Weekly Trade Briefing, 12th February 2024

  • 8 takeaways from the first CBAM reporting deadline
  • FOREWORD | From coffee beans to credit lines: The ties of commodity and trade in 2024
  • Understanding Letters of Credit & The UCP 600 Rules in Nigeria
  • What is Just-in-Time delivery? The evolution and impact of JIT
  • Commerzbank AG strengthens trade finance operations with Surecomp’s DOKA-NG
  • Europe sets ambitious 2030 green technology production targets
  • Mexico overtakes China as top exporter to US; American trade deficit narrows by the most since 2009

8 takeaways from the first CBAM reporting deadline

Europe’s first carbon tariff: EU’s CBAM requirements & deadlines apply to global supply chains & manufacturers. Learn how to prepare. Read more →

FOREWORD | From coffee beans to credit lines: The ties of commodity and trade in 2024

Read the latest edition of Trade Finance Talks, “Commodities & The Economy: Is 2024 the year the industry pops?” Read more →

Understanding Letters of Credit & The UCP 600 Rules in Nigeria

Letters of credit remain a core part of documentation in international trade. Despite the ease in cross-border payments facilitated by fintech companies, letters of credit continue to present themselves as indispensable documents in trade finance. Read more →

What is Just-in-Time delivery? The evolution and impact of JIT

Discover how Just-in-Time Delivery can benefit your business & suppliers. Get insights into its core mechanics & implementation strategies. Read more →

Commerzbank AG strengthens trade finance operations with Surecomp’s DOKA-NG

Surecomp revealed that Commerzbank AG has opted to implement Surecomp’s DOKA-NG™ solution for back-office trade finance processing across various entities. Read more →

Europe sets ambitious 2030 green technology production targets

The EU is taking action to promote the production of green technology. Get the facts on the European Union’s 2030 goals. Read more →

Mexico overtakes China as top exporter to US; American trade deficit narrows by the most since 2009

In 2023, Mexico overtook China as the United States’ largest goods exporter, based on recent trade figures. Read more →

TFG Weekly Trade Briefing, 5th February 2024

PODCAST | Empowering the American dream: SBA’s trade finance solutions for U.S. exporters

Discover how the SBA is committed to helping small businesses enter the international trade market on this episode of Trade Finance Talks. Read more →

Standby Letters of Credit (SBLC): Top tips and best practice for corporates

Learn about SBLCs: an irrevocable, independent financial security instrument to protect your investments and liabilities. Read more →

Understanding the Basel III Endgame and its impact on trade finance

Navigating the world of global finance? Learn about the Basel III Endgame & the impact of these financial regulations. Read more →

CarbonChain, thyssenkrupp launch carbon tracing tool for green procurement

CarbonChain and thyssenkrupp Materials Services partner to drive decarbonisation through carbon traceability & intensity reports. Read more →

Allianz Trade releases first Country Risk Atlas: UK ranked as “medium risk” for enterprises

Explore the Allianz Trade Country Risk Atlas for insights into key economic trends & country risk assessment model. Read more →

UNCTAD highlights global trade crisis amid maritime disruptions

UNCTAD expresses deep concerns over increasing disruptions to global trade & Jan Hoffmann evaluates the circumstances in a briefing. Read more →

United States to reinstate sanctions on Venezuela

US sanctions reinstated on Venezuela; Venezuelan Supreme Court prohibits opposition leaders’ candidacy in upcoming presidential elections. Read more →

Bank ABC closes €24.9m sustainability facility for Saudi Paper Manufacturing Company

Bank ABC and SACE announce €24.9 million sustainability-linked credit arrangement for Saudi Paper Manufacturing Company. Find out more here. Read more →