Documentary credit may be one of the most convenient payment method available to buyers and sellers, but one should know its limitation to avoid issues and penalties.
TFG heard from Tanya and Stephen of Czarnikow discussing the impact of Covid19 on sugar supply chains considering different perspectives.
With the Covid-19 pandemic, our paper-based trade finance settlement system suddenly stopped working. It is about time businesses adopt paperless and digital workflow to safeguard trade finance operations.
Hin Leong Trading’s, founded by Singaporean oil tycoon Oon Kuin, collapse sends shockwaves through industry leading businesses to significantly embrace digital transformation.
Businesses with supply chains which rely on Trade Credit Insurance and who are experiencing difficulties maintaining cover due to Coronavirus will get support from the government, the Economic Secretary to… read more →
ICC Banking Commission has released its 2019 Trade Register Report, revealing COVID-19’s potential to disrupt global trade.
Interbank and bank-to-corporate messaging remains a challenge, and whilst the industry welcomes moves towards structured data and SWIFT’s new messaging types, there are still challenges.
TFG heard from Noviland’s Francois Jaffres on the real challenges of COVID-19 on purchasing PPE from Chinese suppliers and the impacts on payment terms such as LCs
What are the various forms of trade credit financing? What are the advantages and disadvantages of trade credit? Learn everything you need to know about the pros and cons of trade credit here!
The Letters of Credit (LC) process is perhaps one of the more recognisable elements of trade finance that needs innovation. TFG spoke to Carl Wegner, CEO of Contour to find out more