Trade finance helps to make international supply chains work smoothly and efficiently. Finance costs in the supply chain can be material. As a general principle, supply chains are most efficient when…
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According to SWIFT data tracking MT700 - code for LC - messages, which includes the value of transactions, increased 118% in 2012, compared with 2011. Furthermore, import messages increased by 42% over same period,
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For a supply chain financing programme to succeed it needs to provide benefits for both the buyer company and the supplier. A superb example of this is how EDF, the French power group, worked
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SWIFT and the Banking Commission of the International Chamber of Commerce (ICC) have released new legal and technology standards for bank payment obligation (BPO), which aim to help banks
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Proctor & Gamble is planning to to move its payment terms to 75 days (from 45) for its suppliers, a shift that could free up as much as $2 billion in cash for the consumer products giant. To help
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Short-term claims paid by export credit insurers increased to higher-than-expected levels in 2012, according to the Berne Union. (The leading global organisation for the export credit and investment insurance indust
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Trade between emerging markets accounted for more than 50% of global trade volumes for the first time in 2012, AND China overtook the US as the world's biggest trading nation.
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The International Chamber of Commerce's new Bank Payment Obligation best practice standard may mark a new era in Financial Supply Chain. SWIFT and Bottomline Technologies claim that it
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A new report by Greenwich Associates claims that Basel III bank capital adequacy requirements are poised to increase pricing on trade finance. Greenwich suggests that this could accelerate the
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As Basel III regulations come into play, banks are looking to manage their bulk balance sheets by divesting their trade finance assets, creating a gap in the market.
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Demica, a provider of specialised working capital solutions, in their latest Research Report - issue no. 17 - based on input from a number of top European banks and building on their models already applied at the lo
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IFC, a member of the World Bank Group, and Citi announced today the signing of a $1 billion risk-sharing facility to stimulate the growth of trade in emerging markets, driving job creation and economic development.
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OB10, the e-Invoicing network that handles £90bn of payments each year, has launched OB10 Express Payments, a supply chain finance service that allows organisations to receive payment on approved invoices within thr
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Prime Minister David Cameron has announced that the Government will offer supply chain financing in the first UK Government Supply Chain Finance scheme for community pharmacies in England.
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Bank of America Merrill Lynch today unveiled its online supply chain finance module in Trade Pro. The new module, Trade Pro Supply Chain Finance, offers buyers and suppliers around the world a collaborative tool and
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The African Development Bank (AfDB) Group, Citi and International Finance Corporation (IFC), a member of the World Bank Group, have agreed to provide a US$175m three-year revolving credit facility covering short ter
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Marie-Christine Diaz, SWIFT in her excellent and comprehensive presentation 'BPO - a corporate perspect on supply chain finance' described how the limitations of the existing instruments payment and risk mitigation
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Standard Chartered today announced in Singapore that it has passed RMB 1 billion in outstanding Euro Commercial Paper (ECP) issuance, positioning the Bank as the largest issuer of RMB ECP out of London
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Wells Fargo has added mobile to their TradeXchange online tool for preparing, receiving, and managing your letters of credit, documentary collections, and open account transactions.
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New Research from Demica showed that the invoice finance market in Europe is worth over €1 trillion.
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Kyriba, a supplier of fully web-based cloud based corporate treasury automation solutions, opened a London office in early 2012.
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The BPO is an irrevocable (conditional) obligation of an obligor bank to pay a specified amount to a recipient's bank as soon as matching occurs between the data extracted from different trade documents such as an i
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Peter Davidsson, Whirlpool's European Treasury Director, gave an important presentation at Eurofinance's October 2011 International Conference in Rome
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Receivables based financing has been growing rapidly world-wide with facilities being made available, mainly to medium/small companies and far less to the large companies.
