ITFA’s digital trade initiative scores first success
The China Systems and Enigio integration digitises trade document flows.
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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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.
OCBC Bank scores initial use of Singapore Customs’ electronic banker’s guarantee programme
The electronic banker's guarantee was issued by OCBC Bank on behalf of vCargo Cloud.
Euler Hermes launches application to identify export risks and opportunities
Trade Match analyses data to let users view the most dynamic and least risky destinations for exports.
Taking the rough with the smooth: Innovating the trade finance industry
by Carl Wegner, CEO, Contour
How trade finance sector can be a core example of how technology can bring a new level of trust & transparency to global supply chains
Marco Polo’s innovative Irrevocable Payment Commitment breaks new ground
Blockchain trade finance platform battle increasing with new trade instrument
Tectonic shifts identified in global supply chains
A BofA Global Research report shows that supply chains for 'global' sectors with US$22 trillion in market cap are moving.
ICC joins Singapore Government to launch TradeTrust
The project is designed to accelerate the digitalisation of global trade and commerce.
Voltron transforms into Contour
Contour launches following the success of the bank-backed project to digitise trade finance.
Brexit: What steps should corporates be considering?
Tim Maloney, partner at law firm Dorsey & Whitney, gives succinct advice
CaixaBank turns to blockchain for corporate foreign trade transactions
The we.trade platform enables digital contracts to be activated and trading operations to be linked to financing or payment.