Contour partners with essDOCS on trade finance
by Ben Poole
The integration follows the successful Rio Tinto and Baosteel transaction.
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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Sustainable borrowing base facility seeks to enhance food supply chains
by Ben Poole
Rabobank and FMO have committed to the facility to support Agrocorp during volatile times.
ITFA’s digital trade initiative scores first success
by Ben Poole
The China Systems and Enigio integration digitises trade document flows.
Severe lack of due diligence on business supply chains exposed
by Ben Poole
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
by Jack Large
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
by Ben Poole
Baosteel and Rio Tinto complete first deal on Contour, while Traydstream integrates with Finacle TradeConnect.
Ethical Payments Foundation targets silo thinking
by Jack Large
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
by Ben Poole
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
by Ben Poole
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
by Jack Large
Jack and Ben reviewed last two week’s stories
New BSI standards cover supply chain management, biz continuity and more
by Ben Poole
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
by Ben Poole
Following an evaluation period in 2019, the bank is entering a pilot phase on the Marco Polo Network.
Standard Chartered joins TradeLens
by Ben Poole
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
by Jack Large
Nigel Green, chief executive and founder of deVere Group ponders global future
Trade finance partnerships increase options for corporates
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Jack Large
Blockchain trade finance platform battle increasing with new trade instrument
Tectonic shifts identified in global supply chains
by Ben Poole
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
by Ben Poole
The project is designed to accelerate the digitalisation of global trade and commerce.
Voltron transforms into Contour
by Ben Poole
Contour launches following the success of the bank-backed project to digitise trade finance.