With the market for payables finance – and the understanding of it – evolving all the time, Deutsche Bank has released a revised and updated guide that seeks not only to factor in the latest developments, but also to re-evaluate the key questions that define the industry. What is payables finance and where does it fit into the wider universe of supply chain finance techniques? What is driving demand for these solutions? How do the physical and financial supply chains interact? And how do you go about setting up a successful programme?
“Payables Finance A guide to working capital optimisation” can be read here.
The news was covered by: Business Money, Trade Finance Global International Trade Magazine, TRF news, TXF, The global treasurer
Writing in Documentary Credit World, Christian Hausherr, European Product Head of Payables Finance at Deutsche Bank and Chair of the Global
Supply Chain Finance Forum, and David Trecker, Global Head of Supply Chain Finance at Bank of America, discuss the industry-led initiatives advancing clarity and consistency for payables finance.
The article is a part of a series aiming to increase understanding of the techniques outlined in the Standard Definitions for Techniques of Supply Chain Finance, first published in 2016.
Read the article in the July/August edition of Documentary Credit World. (subscription required)
In an interview with Global Trade Review, members of the Global Supply Chain Finance Forum (GSCFF) explained the importance of their new guidance document on receivables discounting.
GTR spoke with Christian Hausherr, European product head of supply chain finance at Deutsche Bank and chair of the GSCFF, Stacey Facter, senior vice-president for trade products at Baft, and Farhad Subjally, head of trade products for Europe and Americas at Standard Chartered Bank and working group member, to discuss the report’s key takeaways and plans to produce additional guidance documents.
To read the full article, please click here
The Global Supply Chain Finance Forum (GSCFF), comprised of BAFT (Bankers Association for Finance & Trade), Euro Banking Association (EBA), Factors Chain International (FCI), International Chamber of Commerce (ICC), and International Trade and Forfaiting Association (ITFA), has released its new guidance document, Market Practices in Supply Chain Finance: Receivables Discounting Technique.
The paper is the first in a series intended to provide clarity and consistency to the world of supply chain finance, based on the GSCFF’s 2016 Standard Definitions for Techniques of Supply Chain Finance.
To read the paper, please click here
The news was covered by ABA Banking Journal, Business Money, TRF News, Trade Finance Global, TXF .
Olivier Paul, Director, Finance for Development at the International Chamber of Commerce (ICC), features in Trade Finance Global’s latest Trade Finance Talks podcast, to discuss the unintended consequences of regulation on trade finance.
Following the release of an ICC report on the topic, the podcast elaborated on the key steps to ensuring that regulation does not hinder the provision of trade finance, including the growing importance of digitalisation.
To listen to the podcast, please click here.
Growth in regulation impacting lending, along with rapid globalization have put pressure on capital providers’ due diligence capabilities. Pair this with the inherent complexity of trade and project finance transactions and it is clear why many capital providers are now choosing to outsource their due diligence. Matt Reed, Associate Director at RedRidge Diligence Services, explains the trends in the sector.
Read the full article here
The Global Supply Chain Finance Forum – an initiative comprising the ICC Banking Commission, BAFT, EBA, FCI and ITFA – has appointed Christian Hausherr, European Product Head of Supply Chain Finance at Deutsche Bank, as its Chair.
The GSCFF was established in 2014 to develop, publish and champion a set of commonly agreed standard market definitions for Supply Chain Finance. In turn, Hausherr – as a recognised expert in the field of SCF – has taken a leading role in the drafting of the GSCFF’s Standard Definitions for Techniques of Supply Chain Finance, as well as the Wolfsberg/ICC/BAFT Trade Finance Principles.
The news was covered by GTR, TXF, TRF News, Supply Chain Digital, SCF Briefing, Finextra, Fintech Finance, Financial IT, Fintech Insight.
The International Chamber of Commerce Banking Commission has partnered with Global Credit Data (GCD), in order to strengthen analysis within the ICC Trade Register, the banking industry’s leading source for risks in global trade and export finance.
The ICC Trade Register, established in 2011, is one of the few comprehensive sources to provide an objective and transparent view of the credit risk profile and characteristics of trade and export finance. In turn, GCD will now oversee the collection of credit-related data from ICC Trade Register member banks, in order to help provide more granular data and detailed benchmarking reports to members
The news was covered by TXF, TRF, Finextra, Specialist Banking, Business Post Nigeria, The Paypers, Trade Arabia, Payment Week, PYMNTS, Fintech Finance, Fintech Insight.
In an article for Documentary Credit World, Olivier Paul, ICC Banking Commission Head of Policy, explains that banks are increasingly embracing supply chain finance solutions and digitalisation of the trade finance sector.
Expanding on findings from the ICC’s 10th Global Survey on Trade Finance, Paul says that the overall outlook for trade finance generally, and supply chain finance specifically, is one of growth and optimism, despite regulatory and compliance concerns.
The full article can be read in the June edition of Documentary Credit World, pages 22-24.
In an article for Treasury Management International, ICC Banking Commission’s Head of Policy Olivier Paul expands on results from the ICC’s 10th Global Survey on Trade Finance.
Findings from the survey, which gathered responses from over 250 banks in 91 countries, revealed that while traditional trade finance provision is on the up, there is now a corresponding growth in SCF. What’s more, most banks are taking steps towards embracing digitalisation, with over 60% of respondents indicating they have implemented or are in the process of implementing technology solutions as part of their trade finance processes.
The full article can be read here.