Trade Finance Global (TFG)

❓ What does Basel IV look like for the trade credit insurance market? 🌐 Global trade expansion and digital innovations in trade finance have spurred the industry towards rapid growth. 📈 The industry is expected to deliver a compound annual growth rate (CAGR) of around 11% over the next decade, projected to double in value by 2032. ✍️ In our latest Magazine Issue 23 Sibos Edition, Trade Finance Global (TFG) sat down with Carol Searle, General Counsel and Group Board Director at The Texel Group, as part of the 50th Annual International Trade And Forfaiting Conference (ITFA) in Cyprus, to discuss her outlook for the credit insurance market at large. 📺 Watch the video with the link in the comments! ⬇️ 🔍 Also, check out our Sibos coverage for breaking news, exclusive interviews, and key highlights from Sibos 2024 event. Stay in the loop: https://lnkd.in/eKBqdUxe #BaselIV #creditinsurance #tradefinance

🚨 BREAKING: 2024 ICC Trade Register report positively upbeat despite global trade goods slowdown 📉 - The 2024 ICC Trade Register report shows a positive outlook for 2024 despite a slowdown in global goods trade. - 📊 Global goods trade fell by 4.8% in nominal terms, while services trade grew by 8% and now makes up one-third of total trade. - ⚡ Energy trade declined by 19% in nominal terms, with automotive trade seeing a 12% increase in 2023. - 💱 Non-USD trade is on the rise, but the USD’s dominance is still decisive, with 55% of international payments and 83% of trade finance market transactions in the currency. - 💸 Trade finance volumes reduced by 4.7% in 2023 amid high interest rates, but 90% of banks are investing in digital customer experience initiatives to meet expectations. - ✅ Trade finance remains a low-risk asset class, with global default rates for import letters of credit decreasing from 2022 to 2023. Mahika Ravi Shankar | Deepesh Patel International Chamber of Commerce | Boston Consulting Group (BCG) | Global Credit Data Ramadurai Krishnan | Sukand R. | Ravi Hanspal | Andrew Wilson | tomasch kubiak | Michaël Dhaenens | Nina Brumma | Michael McAdoo

🌟 A very warm welcome to our new treasury guru, Eleanor Hill! 🌟 🌍 Eleanor joins Trade Finance Global’s Editorial Board with a wealth of knowledge in treasury management, cash management, and payments. Her enthusiasm for ESG, DEI, and AI makes her a valuable addition to our team. 💼 As corporate treasurers continue to navigate the ever-changing landscape of money, financial risk, and currency, we’re delighted to welcome Eleanor to TFG, the home for treasury, trade, and payments. 📚 As the founder of The Treasury Storyteller and former editor of industry publications TMI, Treasury Today, and World Accounting Report, Eleanor’s expertise spans a wide range of financial sectors. 🎉 We are thrilled to have Eleanor guide TFG’s editorial direction during these rapidly evolving times in the industry. Eleanor, welcome to the TFG family! 🙌 Find out more about our editorial board and our writers: https://lnkd.in/guBaMsb8 🖋️ Read our editorial policy: https://lnkd.in/gKPAVMme ✨ Read the story: https://lnkd.in/gchsSvnZ 

🔍 The legacy of Bidenomics on global trade 🗳️ 2024, the year of elections, will reach its climax in one week when Americans take to the ballot box—and the economy is the biggest issue. Unsurprisingly, the electorate is concerned with changes that will affect them, namely inflation, wages, public infrastructure, taxes, and so forth. 🌎 In the final week of his term, Bidenomics will be unpicked from every direction. To join from a macro, international perspective: has the White House’s program of American industrialisation through subsidies and tariffs come at the expense of international trade? 📖 Read our latest article by TFG's Mahika Ravi Shankar as she highlights the legacy of Bidenomics and the effects on the global trade. Link in the comments ⬇ #Bidenomics #USElections #tradefinance

🇬🇪 State of factoring in Georgia: An update on collaboration and regulation 👉 This finance gap is particularly concerning because SMEs play a crucial role in driving trade, economic development, and employment in Georgia. Given these challenges, factoring can provide substantial benefits for businesses by enabling quick structuring, meeting SMEs’ objectives such as releasing cash trapped within their balance sheets and accessing alternative funding sources at competitive rates, thereby promoting inclusiveness. 🏦 The National Bank of Georgia, as a key stakeholder, is actively supporting the country’s long-term economic growth by promoting the development of factoring. This effort aims to establish a solid foundation for the broader private financial sector to provide SMEs with finance solutions through receivables finance. ✍️ In our latest Magazine Issue 23 Sibos Edition, Beka Ghambashidze, Chief Specialist at the National Bank of Georgia, provides insights into the evolving state of factoring in Georgia. As the country strengthens its factoring framework, collaboration and regulatory advancements are paving the way for increased financing options for SMEs and a more robust financial ecosystem. 📖 Read the article with the link in the comments! ⬇ 🔍 Also, check out our Sibos coverage for breaking news, exclusive interviews, and key highlights from Sibos 2024 event. Stay in the loop: https://lnkd.in/eKBqdUxe #Factoring #TradeFinance #Georgia #NationalBankofGeorgia #SMEs #EconomicGrowth

🏦 Correspondent banking relationships dwindle in the Pacific Islands 🌏 Pacific Island Countries (PICs) are heavily dependent on trade. The dramatic decline in correspondent banking relationships (CBRs) threatens to further isolate PIC economies. 🎙️ Trade Finance Global (TFG) spoke to the ADB Trade & Supply Chain Finance Program (TSCFP) at the Asian Development Bank (ADB), who, in collaboration with Business & Finance Consulting (BFC), laid out how declining CBRs jeopardise these countries’ ability to conduct international trade and receive vital remittances, potentially exacerbating their economic vulnerabilities. 📖 Read the article by following the link in the comments section below ⬇️ #correspondentbanking #supplychainfinance #internationaltrade

🚫 The law should call a fraud, a fraud: Singapore settles the fraud test in Letters of Credit 🇸🇬 In a landmark decision, Singapore’s apex court has affirmed a judgment that may impact how presentations are made under letters of credit (LCs) in international trade. The ruling, stemming from the Hin Leong Trading debacle, addresses a fundamental question: who should bear the risk of fraud in the complex web of international trade relationships? 🏦 Often described as the lifeblood of international commerce, a bank can only refuse payment under an LC if the documents are non-compliant or if the seller who seeks presentation, has presented documents fraudulently. This, in turn, raises what seems to be a more basic question but one that does not have a uniform answer at law: what constitutes fraud, particularly when refusing payment under an LC.  📙 In our latest #TRADEFINANCETALKS magazine Sibos edition, Baldev Bhinder, Managing Director of Blackstone & Gold LLC, discusses Singapore’s pivotal ruling on fraud in Letters of Credit (LC) transactions—a crucial step for global trade finance. 📖 Read the article link in the comments section below ⬇️ 🔍 Keep an eye on our feed for exclusive coverage, insider insights, and all the latest updates from Sibos. Don’t miss a moment: https://lnkd.in/eKBqdUxe #Sibos #tradefinance #LetterOfCredit

🇬🇧 The challenge for LEIs in the UK financial market 🪪 The issue of personal identity (ID) cards in the UK has been contentious for many years. Their purpose was to create a system for registering British citizens linked to a national identity database. ID cards have their origins in the First World War and were reintroduced during the Second, as an emergency measure in light of wartime security concerns. However, due to public concern about civil liberties, the scheme was abolished in 1952. Legal entity identifiers (LEIs) harbour similar paranoia. ✍️ In this article, David Meynell, founder of TradeLC Advisory and co-owner of www.tradefinance.training gave us important insights on how LEIs could make British trade finance more accessible, secure, accurate, and transparent. 📖 Read the article by following the link in the comments section below ⬇️ #IDs #LEIs #tradefinance #UK

🎉 Only 2 weeks left until the TFD Initiative’s 2nd Annual Trade Finance Investor day! 💡This year’s topic, unlocking asset-based securitisation, focuses on empowering SME-focused originators to access liquidity through structured credit investors. 👥 Industry leaders are going to share valuable insights on the benefits of ABS in trade finance, as well as thought-provoking discussions on the roles of credit insurers and development banks within ABS structures. 🎤 At this event, TFG’s Editorial Director, Deepesh Patel, will moderate the Credit Insurance Keynote with Sarah Murrow, CEO of Allianz Trade in UK & Ireland. TFG’s MD and Global Head of Trade & Receivables Finance, Mark Abrams, will participate in a panel discussion on “Digital Innovations Supporting the Originate-and-Distribute Process,” alongside the following panellists: Moritz H., Director, Emerald Capital James Kay-Hards, COO, Teybridge Capital Mark Abrams, MD and Global Head of Trade & Receivables Finance, TFG Jon Boran, Director of Trade Innovation and Transformation, Lloyds Bank Michael Bickers, Publisher, BCR Publishing News (Moderator) 📽️ If you missed last year’s event, be sure to visit our website to watch a highlight interview with André Casterman, CEO of TFD Initiative and chairperson of the ITFA fintech committee, and Mark Abrams, where they discussed the growing impact of the TFG distribution initiative. https://lnkd.in/gw7kMPiA For more information and to register, follow the link in the comments! See you there!

🌎 International financial institutions unite to facilitate SCF provision in emerging markets 👉 Major multilateral development banks (MDBs) and international financial institutions have announced a joint initiative to enhance supply chain finance (SCF) access in emerging markets, with a particular focus on small-and medium-sized enterprises (SMEs). 📢 The announcement came during a roundtable discussion at the The World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings on 25 October in Washington DC. 🤝 The initiative brings together prominent institutions: the World Trade Organization (WTO), the Asian Development Bank (ADB), the IFC - International Finance Corporation, the African Export-Import Bank (Afreximbank), and the Islamic Development Bank (IsDB), amongst others. 💬 IFC - International Finance Corporation Managing Director, Makhtar Diop emphasised the crucial role of supply chain finance in empowering emerging market firms. “By providing access to vital financial resources, it enables these businesses to thrive, fostering growth, and generating quality job opportunities,” he said. 📖 Read more of the news by following the link in the comments ⬇ #supplychainfinance #SCF #tradefinance