A joint Scandinavian venture has successfully trialled digital export letters of credit (LCs) as part of a secure data sharing experiment. The technology group Wärtsilä has joined forces with SEB… read more →
Documentation can be the source of trouble for many buyers and sellers. Here’s how to avoid conflict and disputes when it comes to paperwork.
KOMGO and MITECH formally announce extended collaboration to provide end-to-end workflows in two main areas. The first being an integration of KOMGO’s system TRAKK with MITECH’s TRAC middle-office Collateral Management… read more →
City Bank has become the first Bangladeshi bank to execute a cross-border Letter of Credit (LC) transaction under a Shariah-based financing arrangement executed using blockchain technology.
Geneva (21 December 2020) – Gunvor Group (“Gunvor” or “the Company”) has successfully closed a new EUR 300 million financing (the “Facility”), which consists of a syndicated, pan-European natural gas… read more →
December 15: Contour, the global trade finance network has today announced that HSBC has become the first full production member of the network following Contour’s commercial launch in October this… read more →
A documentary trade credit (DTC) is a trade finance substitute for a commercial bank documentary letter of credit. A DTC is issued and negotiated under the same UCP guidelines as a documentary letter of credit; except the funds supporting the instrument are available with a third party international escrow company instead of a commercial bank.
Natixis, Societe Generale Corporate & Investment Banking (SG CIB), and ROSBANK have arranged a US$300 million Syndicated Amortizing Pre-export Finance Facility (the “Facility”) for TOO Aktyubinsk Copper Company within the… read more →
Berlin, 8 December 2020 – TrailStone Group today announced the successful signing of a EUR 150m multicurrency secured uncommitted revolving credit facility for use by TrailStone Renewables GmbH, arranged by… read more →
We heard from Natasha Condon, Global Head of Core Trade at J.P. Morgan, on her take of how the trade finance market has fared in recent months, since joining the bank in 2020.
