Are corporate treasuries, fintechs and banks missing a trick on cross border working capital optimisation and what will the next five years hold? TXF's roundtable discussion of digitisation and international trade hosted in London by DBS highlights where the sweet spots will lie.
Ahead of TXF Italy next month, TXF talks to Alessandro Terzulli, chief economist of SACE, about the uncertainties of the economic scenario in which SACE SIMEST currently operates and the initiatives it is pursuing to boost exporter confidence.
Katharine Morton ponders the opacities of financing trade, and what lies beneath, revealed at ITFA’s celebration of a mysterious dance of hide and seek
For thousands of years, goods and services have been exchanged between different trading partners. But as supply chains have scaled, the $23 trillion world of global trade has only grown in complexity, writes DBS.
Latest reports indicate that the global trade finance gap stands at $1.5 trillion. Jonathan Bell reviews the scene and questions why so much more isn’t being done to improve the situation.
Massimo Falcioni, CEO at Etihad Credit Insurance (ECI) talks to TXF about how the UAE’s new ECA has been made operational in record time, and how its plans for the future are being lifted by digitisation and partnership.
Overall volumes of global commodity trade financing fell by almost 30% according to the TXF H1 2019 Commodity Report. Jonathan Bell reviews this drastic drop and assesses whether it is simply a portrait of volatile commodities and market trends or more far-reaching influences impacting global business.
Does technology hold the solution to more accessible financing and cheaper cost of debt for SMEs? Sunita Mehta, vice president of FI & Trade at Stern International Bank, and Sam Permutt, director at Stern International Bank, see a digital future for what is still a largely analogue trade finance industry.
Shariah-compliant international factoring can work well within the wider context of a burgeoning global Islamic finance market. Yuce Uyanik, who is on the legal committee of FCI, the industry body for international factoring, explores the potential.
In the third of this series of Risky Business podcasts Coriolis Technologies CEO Rebecca Harding talks to TXF’s Katharine Morton about how it’s not all about trade wars for China trade, but it doesn’t help.
TXF talks to Makiko Toyoda and Jessica Schnabel, the women who are spearheading the development of IFC’s latest initiative to raise access to trade finance for women-owned businesses, revealing ambitious goals and the practical steps to help fulfil them.
TXF sat down with industry experts to look at how changes in corporate trade and supply chain and digitisation are blurring the lines between cash management and financing international trade sustainably. This wide-ranging discussion was hosted by SWIFT in London.
In mid-June, Visa made the bold call that it was taking on SWIFT on facilitating direct, bank to bank transactions and going head on in the cross-border payments space for larger corporate payments. TXF asked Kevin Phalen, head of global business solutions at Visa, to go into more detail about Visa B2B Connect. It’s very much not about cards.
In mid-June, Visa made the bold call that it was taking on SWIFT on facilitating direct, bank to bank transactions and going head on in the cross-border payments space for larger corporate payments. TXF asked Kevin Phalen, head of global business solutions at Visa, to go into more detail about Visa B2B Connect. It’s very much not about cards.
In advance of the ICC World Banking Commission annual meeting in Beijing, TXF gathered China financial experts and corporates to talk about financing China trade. Multilateralism was the watchword as the country manages expansion against a slowing growth backdrop.
This month, TXF were proud to announce the winners of the Export Finance Industry Choice Award at TXF Global 2019: Export, Agency & Project Finance event in Berlin. Click here to see the winners.
Just who are you? TXF contemplates trust in trade and the bumblebee in KYC. Some commercial KYC solutions are struggling, but SWIFT is coming into the game for corporate KYC alongside its bank registry. If banks and corporates are going to trust SWIFT for the KYC Registry, why would they need to embrace other technologies such as blockchain for trade?
Sustainable Development Goals (SDGs) are the talk of the export finance community - and beyond. But ECAs and banks need to align their SDGs to help fill the sector's $2.5 trillion a year financing gap in emerging markets.
As the shipbuilding industry in Norway transitions, so the government support appears well-placed to back new developments. However, in the case of finance for a krill-fishing vessel just how sustainable is this backing from the agencies?
The credibility and policing of ESG-linked loans, which are currently enjoying growing popularity with commodity traders, could be markedly improved via the adoption of blockchain. But in the commodity space, that technological leap appears very distant – for now.
TXF spoke with Steven Beck, head of trade and supply chain finance at the Asian Development Bank (ADB), to find out more about the development bank’s year-on-year growth in supported trade, as well as its latest initiative to create a standardised approach to the reporting of Suspicious Activity Reports (SARs) by banks to regulators.
TXF spoke with Steven Beck, head of trade and supply chain finance at the Asian Development Bank (ADB), to find out more about the development bank’s year-on-year growth in supported trade, as well as its latest initiative to create a standardised approach to the reporting of Suspicious Activity Reports (SARs) by banks to regulators.
A statement on March 28 by Japan’s Environment Minister signals a potential change in the government’s pro coal-fired power policy. But domestic energy security issues and valuable export markets for Japan's ‘clean-coal’ technology mean any real change will take decades rather than years.
Manu Taneja, director of regional cash & banking, APAC at GE Corporate Treasury in Singapore sees a role for traditional trade finance in Asia, but digitisation will be core to the future – as will the role of treasury itself.
How can Excess of Loss (XoL) credit insurance, which offers up to 100% cover as well as potential capital relief under the Basel regulatory framework, help banks grow their trade receivables portfolios? Jonny Carruthers, assistant director at BPL Global explains.
A week in the life of a cyber security crisis for the aluminium company Norsk Hydro raises interesting questions. Following a cyber-playbook type approach in terms of communications appears to work well at the first instance. How will it play out when it comes to insurance?
Corporate supply chains are now accommodating trade wars, but things will not go back to where they were once peace breaks out. Katharine Morton takes the Asian perspective on the new normal.
The race to be a global leader in certain cutting-edge technologies will always be a hard fought one. But in the case of China’s Huawei, the company has unfortunately been wrongly dragged into the whole US-China trade wars saga. Jonathan Bell examines the scene.
The Letter of Credit (LC) market accounts for $2.3 trillion and has always been dominated by banks. But now, LC LITE has rolled out technological alternatives to LCs by putting loan documentation flow on its new blockchain-based platform, with one major commodity trader already on-board.
The Asian Infrastructure Investment Bank (AIIB) has released a downbeat report on the prospects for private infrastructure investment in Asia. But, says Joachim von Amsberg, AIIB vice-president for policy and strategy, the bank can drive improvements where other DFIs have struggled.
Taking on an active corporate supply chain finance programme can be a daunting prospect. When that one is the size of GE Capital’s Trade Payables Services, it changes the dimension of the challenge. TXF spoke to Maureen Sullivan, Managing Director and Head of MUFG’s Supply Chain Finance Group for the Americas about why the bank has made such a move, and what her plans are for TPS.
TXF speaks to Pedro Novo about his promotion to Bpifrance's new Executive Department for Export and how this will encourage local entrepreneurship.
A new report on competition within export, ECA-backed and development financing and how some of these practices are distorting the multilateral finance system has just been released. Jonathan Bell assesses the report and suggests that policy makers need to act now.
SWIFT gpi featured highly at SIBOS in Sydney, but the full benefits for corporates of tracking inbound payments are still not always manifest. David Blair, managing director of Acarate Consulting, reflects on what needs to be done by banks and by SWIFT for treasurers to benefit in full.
Will blockchain be able to learn the lessons of previous failures in attempts to digitise global trade? Sen Ganesh, partner with Bain & Company’s Financial Services practice and Joshua Kroeker, director and blockchain lead at HSBC Commercial Banking argue there’s a good chance, and that blockchain could even boost uptake of documentary credits if players follow certain maxims: think big, start small, grow fast.
With UK politicians seemingly blindly following the result of the referendum, those at the forefront of infra finance in the country discuss the reality of Brexit and what it will mean for future project development in the UK.
With UK politicians seemingly blindly following the result of the referendum, those at the forefront of infra finance in the country discuss the reality of Brexit and what it will mean for future project development in the UK.
Gunvor and ECOM have returned to the market with debut sustainability performance-linked loans – but how sustainable are these structures and how are they policed in a global commodity market notorious for opaqueness?
Global connectivity is driving the development of urban networks. But, stresses Jonathan Bell, it is cooperation and increasing economic integration which will lead to increased trade growth and development of projects.
Join the movers and shakers of the political risk and trade credit insurance market for a day of networking, education and collaborative discussion
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
Get a fresh look at the Asian Commodity Finance market, share your views and make real connections with regional deal-makers.
TXF Africa 2020 will focus on recent and forthcoming developments across regional export, project & commodity finance and explore new opportunities for each market.
Lead the revolution: join us for the most valuable networking opportunities and exciting content on the commodity finance market and deals
The global export, agency & project finance games return for 2020! Join us in Madrid for the largest gathering of its kind with a vision to taking your network further than ever before.