BondEvalue gets approval to operate blockchain-based bond exchange in Singapore
The approval comes as MAS looks to crack down on paper-based trade instruments.
Trade & Counterparty Risk Mitigation
Background
There are many different types of risk arising from International Trade. There is also a wide range of solutions available to mitigate these risks, see Figure. Financial Risks Arising from…
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Ant Group enters the blockchain-based global trade platform arena
The Chinese tech company has launched Trusple, partnering with a number of global banks.
Protectionism could cost the global economy US$10 trillion in trade by 2025
A BCG/HSBC report shows high tariffs and trade restrictions could slow economic recovery from the COVID-19 crisis.
Global trade in services to increase by US$2 trillion over the next five years
A report by Western Union and Oxford Economics sees cross-border trade in services rising by 31% to US$8 trillion by 2025.
The US$1 trillion cost of remaking supply chains
A report from Bank of America Research finds the cost of reshoring supply chains to be significant but not prohibitive.
Barclaycard attempts to redefine supply chain payments for businesses
Barclaycard Payment Intelligence uses data analytics to provide a detailed picture of corporate supply chains.
ICC Trade Register – market trends in trade finance from COVID-19 and beyond
by David Bischof, Deputy Director, Finance for Development, International Chamber of Commerce
The ICC Trade Register shows that that trade finance products present banks with exceptionally low levels of credit risk
Contour partners with essDOCS on trade finance
The integration follows the successful Rio Tinto and Baosteel transaction.
Sustainable borrowing base facility seeks to enhance food supply chains
Rabobank and FMO have committed to the facility to support Agrocorp during volatile times.
ITFA’s digital trade initiative scores first success
The China Systems and Enigio integration digitises trade document flows.
Severe lack of due diligence on business supply chains exposed
Refinitiv research shows 43% of third-party relationships are not subject to any form of due diligence checks.
Deutsche Bank goes back to basics with new Guide to Trade Finance
Deutsche Bank has released its Guide to Trade Finance, outlining the fundamental practices and rules critical to the trade finance
Digital trade finance hits new milestones
Baosteel and Rio Tinto complete first deal on Contour, while Traydstream integrates with Finacle TradeConnect.
Ethical Payments Foundation targets silo thinking
EPF aims to join up the silos of disconnected expertise for emerging countries
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.
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.
CTMcast - 2 April 2020: Review of COVID-19 crisis and other posts
Jack and Ben reviewed last two week’s stories
New BSI standards cover supply chain management, biz continuity and more
The risk and business continuity standards are designed to help UK firms not drop the baton as they deal with COVID-19.
Crédit Agricole CIB joins Marco Polo Network
Following an evaluation period in 2019, the bank is entering a pilot phase on the Marco Polo Network.
Standard Chartered joins TradeLens
The blockchain-enabled digital shipping platform has been jointly developed by A.P. Moller - Maersk and IBM.
Oil price war and coronavirus: global recession is almost inevitable
Nigel Green, chief executive and founder of deVere Group ponders global future
Trade finance partnerships increase options for corporates
ITFA and TFD Initiative target secondary trade finance market, while Contour and TradeCloud expand digital LC offering.
GFI identifies US$8.8 trillion gap in global reported trade
A report from the firm finds trade misinvoicing is a significant obstacle to sustainable development.
Coronavirus – 10 tips for managing legal risk from global supply chain disruption
Sidley Austin has issued tips for dealing with supply chain disruption and making companies virus-fit for the future.