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.
BPL Global – the leading specialist credit and political risk insurance broker – recently announced the opening of a new branch in Geneva. Philippine de Villèle (left) re-joins from UBS to head the office.
With a focus on developing new relationships with Swiss-based banks, traders, NGOs and other potential clients, the branch will also act as a local point of contact for the broker’s existing clients. It takes the number of BPL Global offices to six, joining London, Paris, Hong Kong, Singapore and Dubai.
Following outreach from Moorgate, news of the Geneva branch was published by TXF, Intelligent Insurer, IJ Global, Trade Finance, GTR, Sigorta Gündem, Credit Insurance News and Schweizer Versicherung.
In an increasingly competitive supply chain finance ecosystem – consisting of banks, non-banks, and a combination of the two – what makes a payables finance programme ‘successful’? And how can corporate treasurers select an effective provider?
Writing in TMI, Anil Walia, Deutsche Bank’s Head of Financial Supply Chain, EMEA, suggests that corporates should base their search for an effective provider on three simple criteria: Is the payables finance programme easy to set up (and how is technology facilitating this)? Can the provider successfully on-board suppliers across all relevant geographies (and how is technology being used to make this more efficient)? And perhaps most importantly, is the offering structurally sound and sustainable?
Even as emerging new technologies, such as blockchain and artificial intelligence, continue to broaden the current and future options available to corporate treasurers, Walia argues the “fundamental questions a corporate must ask of their provider remain the same”.
To read the full article, please click here.
UniCredit’s Fabio Della Malva, Managing Director in Corporate & Investment Banking, and Massimo Ortino, Head of Global Transaction Banking, Americas, have been featured in iTreasurer magazine in an article on the benefits of receivable finance programs. With such programs helping to free up vital liquidity, optimise the balance sheet, and manage risk, Della Malva and Ortino discuss a case study of a UniCredit receivables finance implementation at a leading US manufacturer.
To read this article in full, go here.
Market capacity for credit and political risk insurance (CPRI) has grown by 30% since 2015 according to the first ever Market Insight report released by BPL Global, marking its 35th year as the leading CPRI broker.
Based on market statistics and BPL Global’s own portfolio, the report provides an analysis of the CPRI market’s capabilities, current worldwide risk exposures and a claims update, focusing in particular on claims activity since the global financial crisis.
“Our report shines a spotlight on the fact that appetite for the CPRI class is on an upwards trajectory – both in terms of capacity and tenors” says Sian Aspinall, Managing Director, BPL Global. “Furthermore, analysis of market data clearly shows that it is adapting its capabilities to match natural return on investment for areas such as project finance structures, providing coverage for up to 25 years. Also notable is the jump in capacity for non-trade related credit insurance to over US$1.5bn per risk – an area previously constrained by Lloyd’s regulatory requirements.”
Following outreach from Moorgate, the report was covered by: TXF, Insurance Insider, Asia Insurance Post, Insurance Shark, Strategic Risk Europe, Business Insurance, Insurance Insider (2), Luther Pendragon, Commercial Risk Europe, Corporate Risk & Insurance, Global Trade, Credit Insurance News and The Treasurer.
To download a copy of the full report, please click here.
How can payables finance reach its potential? How can it help to plug the trade finance gap – 74% of which is accounted for by small and medium-sized enterprises (SMEs) and mid-caps, and 40% of which originates in the Asia-Pacific region? And what role can new technologies play in the payables finance business?
Bringing together leading professional from across the banking, fin-tech, and insurance space, BCR’s 3rd World Supply Chain Finance Summit, hosted in Frankfurt between the 31 January and 1 February 2018, fostered debate and discussion around such fundamental industry questions.
While recognising the long-term potential of innovative new technologies such as blockchain technology, discussions at the Summit made it clear that providers need to remain focused on developments and changes they can make in the here and now. In the short-term, it was agreed that standardisation, access to, and more effective utilisation of data, and improved industry-wide collaboration, held the key to market growth.
A full report of the World Supply Chain Finance Summit is featured in Deutsche Bank’s Flow.
The rise of open account trading and the shift away from traditional trade finance instruments has been a long-term trend – with companies, both large and small, drawn by the appeal of increased speed, simplicity and reduced transaction costs. However, while open account trading has its advantages, it also limits exporters’ access to credit and exposes them to greater risk. Writing for TRF News, Adeline de Metz and Raphael Barisaac, Global Co-Heads of Trade and Working Capital at UniCredit, outline how banks and corporates can mitigate against such risks through the use of innovative digital trade and supply chain finance solutions.
To read the full article, go here.
Speaking to GTNews to mark the publication’s 20th anniversary, BNY Mellon’s Dominic Broom, Global Head of Trade Business Development, and Bana Akkad Azhari, Head of Relationship Management for the Middle East and Africa and the Commonwealth of Independent States, trace the most noteworthy drivers of global trade over the past two decades – including China’s introduction into the World Trade Organisation, technology’s role in cutting costs and streamlining the physical supply chain, and post-crisis regulatory changes that have opened the gates to new non-bank trade financing market entrants – which all indicate a resilient and versatile trade industry.
The revolutionised trade landscape is not void of challenges however, with Broom underlining “sticking points” in the development of the financial supply chain, such as management of documentation and tighter regulatory requirements. Pointing to technology’s radical effect on trade so far, Azhari highlights how bank data can be developed into digital solutions to address these issues and to analyse key global trends in order to add value to the client experience – with Broom adding the importance of correspondent banking to best harness and leverage this data to enhance trade enterprise across the world.
To read the full article, please click here.