Commerzbank scoops global and country trade finance awards from Global Finance

Commerzbank has been named the world’s best export finance bank and Germany’s best trade finance provider for 2020 by specialist publication Global Finance.

Enno-Burghard Weitzel, Cluster Lead Trade Finance, Commerzbank, said: “Our 150-year history has been underpinned by building the trust of our clients – to help them expand into international markets and fulfil their business objectives. For us, these awards therefore represent a vote of confidence from the large corporates, the Mittelstand and the small enterprises that we serve.”

Moorgate, a Finn Partners company, prepared Commerzbank’s submission papers. More information can be found on the Global Finance and Commerzbank websites.

BNY Mellon’s Joon Kim cited in Global Finance article on the digitisation of trade

In a Global Finance article examining how trade finance is moving out of the paper age, Joon Kim, Global Head of Trade Finance Product and Portfolio Management at BNY Mellon Treasury Services, explains the value of AI in reviewing and authenticating trade documents, as well as in creating standardisation and improved efficiencies in KYC processes. Kim also notes the importance of data in enhancing trade finance.

To read the full article, please click here

BNY Mellon’s award success features in American Lebanese Chamber of Commerce newsletter

BNY Mellon was recently named Best Transactional Bank for Financial Institutions in the Middle East by EMEA Finance magazine – an accolade that that has been published by the American Lebanese Chamber of Commerce. BNY Mellon was recognized for its commitment to providing exceptional client service, its strong banking relationships – on a non-compete basis – and its focus on enhancing the client experience.

To read the full article, please click here and scroll to page five

Coordination, cooperation, collaboration: BNY Mellon discusses approaches to narrowing the trade finance gap in Asian Banking & Finance

The trade finance gap is a serious issue that is impacting the health of global trade and business development in many countries across the world. In Asian Banking & Finance, BNY Mellon Treasury Services’s Joon Kim, Global Head of Trade Finance Product and Portfolio Management, and Arnon Goldstein, Regional Head of Relationship Management APAC, discuss the key findings of BNY Mellon’s recent global survey into the trade finance gap. The article examines solutions for addressing the gap, and the importance of taking action in order to ensure trade in Asia can reach its full potential.

To read the full article, please click here

In an article for TXF, Deutsche Bank explores how payables finance can help shield supply chains

 In a global supply chain, each supplier, regardless of size, can form a critical link. But as trade tensions escalate and macroeconomic conditions worsen, global supply chains – and the suppliers that underly them – are looking increasingly vulnerable. If a link in the supply chain breaks, production lines can grind to a halt – a particular worry for the large buyers that sit atop this global process.

To foster stability across supply chains, and to help suppliers optimise their working capital, companies are increasingly turning to payables finance, a supply chain finance technique. Through payables finance, large corporate buyers can extend or maintain existing supply payment terms and suppliers can access financing at a rate that reflects the risk of its highly creditworthy buyer.

But as demand for payables finance grows, how is the industry adapting to meet it? Christian Hausherr, Chair, Global Supply Chain Finance Forum and Head of Product Management, Trade Finance and Supply Chain Finance, Deutsche Bank, explores in an article for TXF

The article can be read here (behind paywall)

ICC’s Olivier Paul discusses how to ensure a successful and accessible trade finance market in Banker Middle East article

Writing for Banker Middle East, Olivier Paul, Director, Finance for Development, ICC, outlines how industry-led advocacy is necessary for the fair regulatory treatment of trade finance, both in the Middle East and globally.

Paul explains that, “achieving fair treatment of  trade finance across regulatory frameworks will, in turn, allow for increased access to trade finance for MSMEs”.

Read the full article here, in the November 2019 issue of Banker Middle East, on p60-63.

How is payables finance evolving? Deutsche Bank’s Christian Hausherr explores in an article for TRF News

Demand for payables finance programmes has continued to grow in recent years, fuelled not only by working capital concerns, but also by the need for greater stability, as supply chains navigate an increasingly volatile economic environment. As an expanded base of anchor buyers, including non-investment-grade companies, move into the market for payables finance, however, the creation and implementation of robust industry standards will be important to ensuring the solution develops sustainably. In an article for TRF News, Deutsche Bank’s Christian Hausherr explores how payables finance is adapting to meet these ever-evolving demands.

To read the full article, please click here 

BPL Global’s George Bellord and Sam Evans discuss trade credit insurance with Into Africa

In an exclusive interview with Into Africa, BPL Global Directors George Bellord and Sam Evans explore the impact that the global political and economic climate is having on demand for trade credit insurance to cover African risk, as well as the challenges and opportunities for the wider credit and political risk insurance (CPRI) market.

“Africa is one of the regions with the largest exposure for our clients. The high growth rates of many countries across Africa, such as Ethiopia and Cote D’Ivoire, have meant increased levels of trade, as well as infrastructure projects, ranging from energy to roadway construction,” said Evans.

To read the full interview, please click here (page 49).

ICC’s Olivier Paul urges the trade finance industry to work together in advocating for fair regulatory treatment in TXF article

Writing in TXF, Olivier Paul, Director, Finance for Development at the International Chamber of Commerce (ICC), explains how the need to comply with mounting regulation and compliance requirements has led to unintended consequences for trade finance.

In turn, it is up to the industry, led by organisations such as ICC, to advocate for appropriate and fair treatment of trade finance within banking regulation.

Read the ICC’s latest report on the topic, Banking regulation and the campaign to mitigate the unintended consequences for trade finance: a milestone report.

Read the full article on TXF here.

What can be done to close the global trade finance gap? BNY Mellon and GTR ask industry experts their views

Following the recent launch of its global survey, Overcoming the Trade Finance Gap: Root Causes and Remedies, BNY Mellon, in partnership with GTR, invited industry experts to take part in a virtual roundtable to examine and build upon the findings. The participants were Joon Kim – Global Head of Trade Finance Product and Portfolio Management, BNY Mellon Treasury Services; Maurice Iskandar – Assistant General Manager, Head of International Division, Banque Libano-Française; Olivier Paul – Head of Policy, ICC Banking Commission; Fernando Pierri – Global Head of Trade Services, Banco Santander Brasil; and Michael Lim – Head of Financial Institutions, Transaction Banking, ANZ.

To read the full article, please click here