For centuries, trade documentation has been a time-intensive and resource-demanding process, involving a multitude of stakeholders and a deluge of paperwork. Central to this process is the bill of lading, the most critical document in international trade.
Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force today [20 September 2023].
Interoperability in open banking and open finance has many different facets and can mean many different things.
High-interest rates and elevated inflation are pressing suppliers to reduce their cash-conversion cycles
London/Toronto – September 17, 2023 – Trade Finance Global (TFG) is thrilled to announce the winners of the prestigious 2023 Trade, Treasury, and Payment Awards, in cooperation with BAFT. Celebrating its seventh consecutive year, the TFG Trade, Treasury, and Payment Awards 2023 have once again recognised the exceptional contributions to the global trade and finance industry.
To delve into the intricacies of evolving insurance market landscape, Trade Finance Global spoke with David Quehenberger, Trade Finance Lead Underwriter Portfolio Solutions at Swiss Re Corporate Solutions.
Despite the attention brought to the trade finance gap in recent years, it still continues to grow. A recent Asian Development Bank (ADB) report shows that the gap has now widened to $2.5 trillion.
Trade Finance Global (TFG), in collaboration with UK Export Finance and the Department for Business & Trade, is set to host a tradecast on 13th September 2023, one week before the Electronic Trade Documents Act (ETDA) comes into force.
Cross-border payments can play a special role for people and businesses around the world. They allow us to send money to our loved ones, book a holiday of a lifetime, or start a business in another country.
Over the last couple of years, we have seen an escalating development of digitalising trade. Fuelled by the obvious benefits, such as reduction of funding, courier, and administration costs, as well as the safety and speed of transferring trade documents digitally.
