ICC looks to digital to ease trade finance market disruptions
Guidance calls on governments and central banks to immediately void the legal requirement for paper-based documentation.
COVID-19
Background
The COVID-19 coronavirus pandemic has triggered the biggest global financial crisis in over a decade. In the financial services world, it has caused regulatory deadlines to be pushed back, while the…
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Financial support aims to help Australian companies bounce back
The Australian government launches A$500m facility for exporters, while supplier payment terms are under scrutiny in a new proposal.
Industry roundup: 23 April
News in brief including CLS, PayFit, SAP, and more.
UK SMEs face £20bn HMRC furlough payments cash flow gap
An estimated 8 million salaries in the UK will be paid to furloughed employees every month between now and the end of June.
Industry roundup: 22 April
News in brief from Basware, Barclays, The World Bank, and Nacha.
Ratings agencies assess the COVID-19 impact on European banks and corporates
Scope Ratings' outlook on European banks continues to show downside, while Moody's notes importance of industry sector for corporates.
83% of UK, US and Chinese firms considering alternative trade finance providers
Firms are looking for providers that can arrange access to faster and more agile funding to help navigate the effects of COVID-19.
Industry roundup: 20 April
News in brief featuring Abu Dhabi Islamic Bank, Taulia, Nice Actimize, and Funding Circle.
Treasurers in the spotlight to manage COVID-19 business risks
Data gathered by Bloomberg and Greenwich Associates highlights how treasury is being asked to be a critical line of corporate defence.
Card giants unleash COVID-19 war chest to support SMEs
Mastercard and Visa's support programmes for small businesses total US$460m
Cashforce Quick Wins to get control of your liquidity NOW
Three offerings to: identify cash savings, improve cash flow analysis, and reduce your working capital level required
Industry roundup: 15 April
News in brief for Pega, IOSCO, EPA, Kyckr and Citi.
Sibos 2020 falls victim to COVID-19
SWIFT had already cancelled all in-person events through August.
Trade set to plunge as COVID-19 upends global economy
Global trade is expected to fall by between 13-32% in 2020 as the COVID 19 pandemic disrupts normal economic activity.
MineralTree expands ERP integrations for AP automation
The move simplifies remote work for finance teams.
Starling Bank to support UK businesses through CBILS
The digital bank has been accredited by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme.
Nordea promises faster supplier payments
The move is designed to support its suppliers during the COVID-19 crisis.
CTMcast - 9 April 2020: Review of COVID-19 crisis and how corporate treasury is coping
Jack and Ben review last week’s posts and discussions
UKEF expands protection against non-payment for UK exporters
UK Export Finance to offer export insurance in all major markets in response to COVID-19.
The critical role of bank treasuries in the COVID-19 crisis
An Oliver Wyman report shows the role of bank treasuries in transmitting government and central bank policy to society.
COVID-19 halts Nationwide’s plans to enter the business banking market
The building society will be handing back the £50m RBS bail out fund grant it had received.
Sberbank and Google offer education for businesses to stay afloat
The duo are teaming up on a Business Class online tutorial programme.
Free offers in the new abnormal COVID-19 driven future
How BELLIN, TreasuryXpress, Cashforce, IBM and Honywell are helping
18% of UK SMEs set to collapse within 4 weeks without government help
The Corporate Finance Network, which carried out the research, has proposed a recovery plan.
COVID-19 links
Fitch: Coronavirus Impact Research Highlights
CTMcast
CTMcast – 18 Sept 2020: new KYC, Swift’s new platform, Digital trade’s revolution & AFP Pinnacle awards
Jack and Ben review the key items from the two last weeks of CTMfile posts