Factoring, as an important method to extend credit, is a type of financial transaction where the creditor assigns its receivables to an assignee at a discount. In recent years, there has been a large growth of factoring transactions around the world.
The pandemic has undoubtedly had countless negative implications for the global community. However, amidst all the turmoil there have been some silver linings.
MSMEs around the globe struggle to obtain financing. Why do these MSME financing constraints exist and is a digital future providing new hope for all those firms that are struggling to stay afloat?
WTO, TFG and ICC have today launched their latest publication ‘Accelerating trade digitalization to support MSME financing’
The trade consequences of Brexit already include a dramatic shrinking of commerce with the EU, an expansion of trade with other allies, and redrawing of supply chains for companies.
Suez disruption – ‘The straw that breaks the camel’s back’
We spoke to BACB’s new Money Laundering Reporting Officer on the new risks when combating fraud, and the role new technologies can play in fighting financial crime.
We take a dive into the world of Letters of Credit (LCs) and Standby Letters of Credit – some of the essential tools in cross-border trade transactions.
18 March 2021: Private sector action to reverse the loss of biodiversity is “absolutely fundamental” to the UK’s post-pandemic economic recovery, a new cross-business forum will warn today.
ICC, TFG and WTO are partnering at the 2021 Global Trade & Blockchain Forum, themed “Accelerating Trade Digitalization through DLT”.