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…
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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
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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
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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
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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
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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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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.
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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
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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.
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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.
