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Trade Finance

Background

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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Trade & FSC Management

Letter of Credit usage in Bangladesh grew118% in 2012

by CTMfile

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,

Trade & FSC Management

SWIFT and ICC isssue Standards for Bank Payment Obligation

by CTMfile

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

Trade & FSC Management

Major change in balance of global trade in 2012

by CTMfile

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.

Cash & Liquidity Management

IFC, Citi extend $1 billion to support emerging market trade flows

by CTMfile

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.

Cash & Liquidity Management

AfDB, Citi and IFC to support trade finance in Africa

by CTMfile

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