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
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
The International Chamber of Commerce (ICC) Banking Commission has released a whitepaper urging the trade finance industry to work together to ensure that regulation does not hinder the availability of trade finance and remains relevant in a digital landscape.
The milestone report, titled Banking regulation and the campaign to mitigate the unintended consequences for trade finance, takes a close look at the regulation and compliance requirements that have come into force since the 2007 financial crisis and the industry’s subsequent efforts in promoting their fair treatment of trade finance instruments.
To read the report, please click here.
The news was covered in GTR, TXF, Business Money, PYMNTS, Trade Finance Analytics, Trade Finance Global, Fintech Finance, Finextra, International Trade Magazine, TRF News, Financial IT and Trade Arabia.
Writing for International Trade Magazine, Christoph Gugelmann and Nils Behling, co-founders of Tradeteq, discuss the financing problems facing SMEs – especially in emerging markets – and how trade receivables’ potential as an investable asset class can help provide a solution.
Indeed, while trade finance has been a sound investment option for decades, only now has technology reached the right level to make these assets easily investable.
Read the full article in the latest print edition of International Trade Magazine.
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
Technology is playing a crucial role in paving the trade landscape we see today. New capabilities are coming to the fore and presenting the opportunity to enhance existing processes across the trade finance spectrum. In an article for TradeReady, Dominic Broom, Global Head of Trade Business Development, Treasury Services, BNY Mellon, discusses how banks not only leverage technology to enhance the client experience through improved efficiency and transparency, but can also utilise the increasingly data-led, data management business of trade finance to gain a deeper understanding of clients’ businesses.
Click here to read the full article
Deutsche Bank has signed a memorandum of understanding (MOU) with the Standard Bank of South Africa, agreeing cooperation under the US Department of Agriculture’s GSM-102 initiative. Standard Bank will now be one of the preferred issuing banks of letters of credit for eligible emerging markets seeking to import certain agricultural products from the US.
The finalisation of the GSM 102 agreement places Standard Bank as one of the preferred issuing banks to the US Department of Agriculture’s Commodity Credit Corporation, along with 10 other financial institutions from across the Middle East and Africa region.
Following Moorgate outreach, the MOU signing was covered by TXF, Global Trade Magazine, Trade Finance Analytics and GTR.
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.
Featured in Cinco Días, the oldest financial and business newspaper in Spain, Alicia García Herrero, Natixis Chief Economist for Asia Pacific, discussed how the ECB’s delay in raising interest rates represents an opportunity for stock markets and European companies to win in the commercial trade war.
Ultimately, the trade war is strategic, not tactical, says Herrero, with any agreement becoming increasingly unlikely. Donald Trump’s aim is to slow down the technological boom in China and reduce the deficit simultaneously. Sanctions on Europe are only being used to detract attention from these objectives, she says.
While Europe has the power to sway the favour towards whichever player offers the most favourable terms, major obstacles to its success as a balancing actor are those of distrust within the eurozone, not listening to member states’ concerns and refusing to negotiate with them.
The interview was published in the Saturday newspaper and online. Read the full article here.