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.
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.
International Chamber of Commerce (ICC) estimates a possible US$ 5 trillion of trade credit will be needed to enable a rapid recovery from the COVID-19 crisis Business body warns that… read more →
Tokenization is a concept with the potential to solve many trade financing problems that exist for business. TFG heard from Crowdz CEO Payson Johnston.
TFG’s Ross McKenzie spoke to SWIFT’s Fabien Depasse, head of gpi Customer Success at SWIFT about the benefit of payment confirmations and universal confirmations between beneficiaries.
TFG heard from Joel Schrevens, China Systems, shedding light on trade data. Is SWIFT MT7xx or ISO20022 the right way forward? Why didn’t the BPO take off?
ISO 20022 is the messaging standard for all types of financial services messaging. Dominic Digby discusses ISO 20022 for trade finance.
The title of the EBRD’s transition report 2019-2020 – “Better Governance, Better Economies” – summarises its message well. Good governance matters. It matters at the level of countries, subnational regions and firms…
TFG’s Editor, Deepesh Patel, spoke to Yves Mersch about the strategical priorities of the ECB in 2020. They discussed the importance of central banks’ independence for the foreseeing of their mandates. The ECB’s mandate is to ensure price stability…
TFG’s Editor Deepesh Patel spoke to Stacey Facter, BAFT’s Senior Vice President for Trade Products, during BAFT’s Global Annual Meeting, held in Frankfurt from January 13-15, 2020. Anti-money laundering (AML) and sanctions were key compliance themes at the meeting, so TFG caught up to discuss how these could be tackled moving forward, and what’s in stock for 2020.
