Supply Chain Finance: the critical details for getting a SCF programme through your auditors
by Kylene Casanova
Demica's SVP Avarina Miller in London has worked on many SCF implementations; her tips for a successful SCF programme are:
Trade & FSC Management
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 moreSWIFT’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.
Trust Index benchmarks form Thomson Reuters launched. Will this replace CDS as indication of counter
by Kylene Casanova
When Thomson Reuters introduced (at the beginning of May) their Trust Index benchmark their opening paragraphs on their web-site went as follows :
The start of comprehensive e-commerce platforms: GlobalCollect launches The Global Retail Insights N
by Kylene Casanova
Netherlands-based payment services provider GlobalCollect has launched The Global Retail Insights Network (GRIN), an integrated coalition of companies aimed at enabling e-commerce retailers to expand internationally
Huge 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:
AFP to provide counter-party risk data
by Kylene Casanova
AFP in partnership Thomson Reuters is to provide access to selected companies to evaluate their creditworthiness and to identify emerging trends in counterparty credit risk. AFP members can now
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.
Security concerns in Middle East trade increase demand for LCs and credit insurance
by Kylene Casanova
Companies in the Middle East are looking for maximum security in trade transactions after being doubly hit by the financial crisis and the Arab Spring. Middle East companies and banks are being extremely cautious wh
Citi implements the new corporate-to-bank Swift trade MT 798 message standard which will simplify mu
by Kylene Casanova
Citi now supports multinational corporate clients in their trade flows using the new Corporate-to-Bank SWIFT Message Type (MT) 798. The MT 798 enables clients to generate trade flow communications with any SWIFT MT7
PrimeRevenue has launched of SCiEnable, a supply chain finance solution on the firm’s OpenSCi platfo
by Kylene Casanova
The new tool combines web-based training, automated document delivery and customer service to educate suppliers on the process and benefits of supply chain finance.
GT Nexus and TradeCard agree merger to create world’s biggest cloud-based business network for
by Kylene Casanova
This merger brings together GT Nexus's cloud-based logistics and global transportation control offering with TradeCard's financial supply chain and production visibility expertise.
General Electric and Deutsche Bank collaborate to deliver risk and working capital solutions for lar
by Kylene Casanova
Deutsche Bank and GE Aero Energy, a General Electric Company business that manufactures gas turbines and other power equipment, have announced their collaboration to introduce new risk management and working capital
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.