Trade between Moscow and the EU increases by 2% year-on-year, CDC provides USD 50 million trade finance facility to bring liquidity to trade finance in Africa, FMC creates a program to review detention and demurrage practices, UKEF backs major offshore wind farms and ARRC formally recommends Term SOFR.
From January to March 2021, trade between Moscow and EU member countries rose to USD 27.46 billion, representing a 2% year-on-year increase. Moscow accounts for half of the volume of… read more →
The Alternative Reference Rates Committee (ARRC) is now formally recommending CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates (SOFR Term Rates), following the completion of a key change… read more →
Czarnikow Group Limited (CZ) announces its first syndicated Borrowing Base Facility to start this month which launched at US$50 million and closed oversubscribed at US$80 million. This facility was arranged… read more →
The International Chamber of Commerce (ICC) Banking Commission recently announced a single Steering Committee for its work on trade, supply chain and export finance, comprising one Chair and 12 Vice-Chairs.
UK Export Finance (UKEF), the UK’s export credit agency, has signed a new financing deal with offshore technology contractor First Subsea in an effort to promote Britain’s renewable energy transition.… read more →
The Federal Maritime Commission (FMC) has created a new program that aims to review the detention and demurrage practices of ocean carriers. This is an effort to ensure all relevant… read more →
Your morning coffee briefing from TFG. Service trade slump continues as travel wanes, however, some sectors appear to be recovering
United Kingdom development finance institution (DFI) CDC Group is providing a USD 50 million trade finance facility through Ecobank International to support trade finance in Africa. This is a new… read more →
A new report published on the 21st of July highlights how free and fair trade can support and accelerate the global low carbon transition and calls on the UK to… read more →
