A toxic combination of macroeconomic dispute, a global pandemic which by now we are all too familiar with and dwindling storage capacity led to negative prices for crude oil for the first time in history, and the worst performance of West Texas Intermediate (WTI) on the New York Mercantile Exchange since its futures trading opening in 1983.
Trade finance has been helping SMEs, middle market businesses, and the corporate sector to manage their financial issues. Here is all you need to know about how it suits your business.
Industry bodies called for further government support towards supporting the global trade industry (multilaterals, banks and insurers), as the coronavirus pandemic continues to disrupt all areas of the economy.
ITFA, BAFT, Berne Union, IACPM, IUA and LMA today wrote to European Union policymakers about the importance of facilitating bank lending amid the COVID-19 crisis.
The International Chamber of Commerce (ICC) has provided guidance to the trade finance market to address COVID-19 disruptions, urging governments and central banks to void any legal prohibitions on the… read more →
More than ever, now is the time for the G20 to work together, be aligned and coordinated in addressing urgent relief measures to contain the spread of the pandemic and… read more →
Responding to new UK Finance figures which show that 6,016 of the 28,461 small business finance applications made through the Coronavirus Business Interruption Loan Scheme (CBILS) have been successful, Federation of… read more →
The International Chamber of Commerce (ICC) and World Health Organization (WHO) have launched a worldwide survey to report the challenges faced by the private sector from COVID-19. In response to… read more →
Initiatives focusing on pharmaceuticals and healthcare and other value-added sectors such as agriculture and textiles to take precedence (Jeddah, KSA, 14 April 2020) – The International Islamic Trade Finance Corporation (ITFC),… read more →
• In addition, since the implementation of the ICO (Instituto de Crédito Oficial) credit lines, CaixaBank has successfully surpassed the first tranche it had been assigned, fulfilling requests totalling more… read more →
