SWIFT’s MT798 messaging standard trade finance still only has few multi-national corporation users
by Kylene Casanova
The objective of the MT798, launched in 2008, was to give a total view of trade-related exposure.
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…
Read moreHuge jump in Supply Chain Finance as corporates, banks, associations and suppliers show increasing c
by Kylene Casanova
Demica latest report shows that Supply Chain Finance (SCF) average annual growth rates of between 30% and 40% at major international banks. Not only, the SCF market is expected to continue to
‘The treasurer’s guide to trade finance’ - second edition from WorldWideCountryProfiles
by Kylene Casanova
'The treasurer's guide to trade finance' sponsored by RBS and The Association of Corporate Treasurers second edition is now available. It has been comprehensively updated. The introductory
Bank Payment Obligation (BPO) development is progressing, but corporates are not rushing to sign up
by Kylene Casanova
The development of BPOs is progressing. Recent developments have included:
Letter of Credit usage in Bangladesh grew118% in 2012
by Kylene Casanova
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,
Supply chain finance: EDF showed how to create a win: win solution for buyers and suppliers
by Kylene Casanova
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
SWIFT and ICC isssue Standards for Bank Payment Obligation
by Kylene Casanova
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
Extending payment terms and using Supply Chain Finance is not always a panacea
by Kylene Casanova
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
Short-term credit insurance claims rise in 2012….... indicate that premiums may well soon rise
by Kylene Casanova
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
Major change in balance of global trade in 2012
by Kylene Casanova
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.
Understanding and exploiting the Bank Payment Obligation (BPO) in your financial supply chains
by Kylene Casanova
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
Basel III ‘will spur alternative (nonbank) sources of trade finance’ and impact Asia-Pacific trade p
by Kylene Casanova
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
Basel III reshapes trade finance and opens up opportunities for African banks look to fill gaps left
by Kylene Casanova
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.
Banks expect double digit growth in cross-border SCF programmes in Europe over the next few years
by Kylene Casanova
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
IFC, Citi extend $1 billion to support emerging market trade flows
by Kylene Casanova
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.
The new game changing supply chain finance solution from OB10 improves companies’ working capital an
by Kylene Casanova
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
UK Government announces the first government supply chain finance scheme
by Kylene Casanova
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.
Bank of America Merrill Lynch unveils Supply Chain Module Trade Pro®
by Kylene Casanova
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
AfDB, Citi and IFC to support trade finance in Africa
by Kylene Casanova
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
Eurofinance Monaco: SWIFT’s presentation on the emerging Bank Payment Obligation trade finance instr
by Kylene Casanova
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
Standard Chartered reaches landmark RMB 1 billion of euro Commercial Paper issuance out of London
by Kylene Casanova
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
Wells Fargo add mobile to their TradeXchange trade finance service
by Kylene Casanova
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.
The Hidden Player in trade finance in Europe: invoice finance
by Kylene Casanova
New Research from Demica showed that the invoice finance market in Europe is worth over €1 trillion.
Kyriba opens UK office and launches Supply Chain Finance Module
by Kylene Casanova
Kyriba, a supplier of fully web-based cloud based corporate treasury automation solutions, opened a London office in early 2012.