Letters of credit, forfaiting, factoring, export finance, and trade credit insurance: the most popular trade finance techniques companies are using in international trade
Each day, mountains of trade finance data are delivered to banks, requiring urgent processing to support the flow of goods around the world.
Although UCP 600 and ISBP 745 offer no specific provisions for partial confirmations of letters of credit (LCs), MonetaGo’s Tat Yeen Yap says they are not only possible, but are “straightforward and efficient”.
As the clocks struck midnight, we looked back at over 700 articles, handpicking our favourite stories that made the headlines in 2021
Like many organisations during the COVID-19 pandemic, the International Trade and Forfaiting Association (ITFA) has had to adapt to a changing business landscape.
Global fintech brand SCHUMANN has announced that it has founded a new subsidiary based in London, UK. Registered as SCHUMANN International Ltd, the new subsidiary aims to give SCHUMANN a… read more →
A new report has found that UK exports could take until 2023 to return to pre-pandemic levels, leaving Britain playing catch-up to other G7 economies such as Germany. In its… read more →
Your Monday morning coffee briefing from TFG. Sixty-seven countries signed a landmark WTO deal set to cut the cost of global services trade by $150 billion per year.
In October this year, the International Trade and Forfaiting Association (ITFA) published its long-awaited harmonised Basel III-compliant trade credit insurance policy form.
Your Monday morning coffee briefing from TFG. Stagflation: Over 80% of US and UK businesses have been hit by increased costs due to inflation. The Bank of England’s (BoE) chief economist backs the case for raising interest rates, and the BoE warns that a CBDC could reduce commercial bank despotis by 20%. The U-shaped recovery – ICISA’s Richard Wulff discusses trade credit insurance and its bounce back from the pandemic. Dr. Joanna Burch-Brown explores the EU taxonomy and the ethics of green finance. And European gas shortages are expected to push up fertiliser costs and food prices.