BPO adoption is growing (very) steadily, so what is holding it back?
by Kylene Casanova
Today more than 30 corporates and 12 banking groups are live on TSU/BPO, with 58 banking groups in process of adopting BPO
Trade Transaction & Payment Services
Background
Getting paid for international transactions, commonly known as Export Receivables, is very different from collecting payments from local companies due the extra documents and processes involved. Key…
Read moreShipping association effectively recognises eBLs have same status as paper bills of lading
by Kylene Casanova
Pacific International Lines uses Bolero eBLs for full presentation of container shipment
Tungsten’s three pronged purpose to transform global trade
by Kylene Casanova
Accelerating global trade by enabling touchless invoice processing, strengthened cash flow and better buying decisions
Industry first electronic back-to-back letter of credit undertaken using Bolero
by Kylene Casanova
Is this the beginning of electronic trade reaching a tipping point?
McKinsey: flows in digital age have created tightly interconnected global economy
by Kylene Casanova
Connectedness and digitization are transforming and enriching all flows, global flows are broadening and deepening as emerging economies join in, and opening up opportunities for all
Is electronic trade reaching a tipping point? Will eBLs ever dominate?
by Kylene Casanova
Probably as improved speed and efficiency combined with reduced fraud is accelerating their use
New Global Supply Chain Finance Forum formed to standardise market terminology
by Kylene Casanova
At last, banking industry undertakes project to rationalize and standardize supply chain finance terminology
Market adoption of Bank Payment Obligation ‘grows steadily’
by Kylene Casanova
SWIFT and ICC keep pushing the BPO as a technology neutral and industry owned instrument
First essDOCS ocean line electronic bill of lading as NYK Line goes live
by Kylene Casanova
Global roll out of essDOCs standards beginning
OECD issues first draft of action plan on transfer pricing
by Kylene Casanova
Corporates comments and input requested on new guidance on transfer pricing documentation rules
Recognising fake Chinese trade documents
by Kylene Casanova
Andrew Kan, JLA Asia, gives advice on recognising fake receipts
Seller protection in Asia-Pacific from PayPal
by Kylene Casanova
Seller protection will help to protect merchants from fraudulent transactions
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
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
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
HSBC launches automatic reconciliation solution for FMCG clients in Asia-Pacific
by Kylene Casanova
HSBC Global Payments and Cash Management have launched a new automatic reconciliation solution for fast moving consumer goods (FMCG) clients in Asia. The new solution, which is part of the integrated receivables sol
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
Citigroup announces new European commodity trade division
by Kylene Casanova
Citigroup has created a new commodity trade division to conduct business in Europe as it seeks to take advantage of the decisions of several other banks to reduce exposure to the area, the Financial Times reports.
Citi Launches Renminbi Cash and Trade Solutions in the UK
by Kylene Casanova
EMEA is the second largest trade partner with China, and the European market has been quick to adopt RMB denominated transactions. (According to the SWIFT RMB Tracker, Europe currently represents 47% of RMB global p
Automated Bank Payment Obligation Transactions are starting: Standard Chartered facilitates the firs
by Kylene Casanova
Standard Chartered Bank today announced that it had facilitated the first end-to-end automated trade finance transaction with the Bank Payment Obligation (BPO) through its Straight2Bank platform.
BofA Merrill launches new trade and supply chain portal: Trade Pro®
by Kylene Casanova
BofA Merrill’s new Trade Pro portal launched today will be available through CashPro® Online, the bank's treasury management and on-line banking channel.