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 & 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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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.
Brexit: What steps should corporates be considering?
by Jack Large
Tim Maloney, partner at law firm Dorsey & Whitney, gives succinct advice
CaixaBank turns to blockchain for corporate foreign trade transactions
by Ben Poole
The we.trade platform enables digital contracts to be activated and trading operations to be linked to financing or payment.
Egypt invests US$600m on becoming intra-African trade hub
by Ben Poole
Central Bank of Egypt agrees to formation of export credit risk company.
Statistics show trade tensions impacting Australian business conditions
by Ben Poole
Business activity softened in October, according to early data from CBA.
Fineon Exchange and Aon partner on credit insurance for exports
by Ben Poole
Exporters and funders can access bespoke credit insurance to help facilitate cross-border trade finance.
Firms confident despite trade tensions, HSBC survey finds
by Ben Poole
Nearly half of companies are more optimistic than they were in 2018, despite uncertainty over US-China trade relations and Brexit.
UK businesses report corners cut on supplier vetting and onboarding
by Ben Poole
Companies need to change their approach or face financial penalties and reputational damage.