HSBC, the world’s leading global trade bank, has gone live with a new receivables finance platform developed by Demica, a fintech specialising in working capital solutions. The new platform provides HSBC’s large corporate clients with a single portal to load invoices, sell receivables and monitor the performance of the portfolio, enabling them to take advantage […]
In the latest annual state of the industry survey, members of the International Credit Insurance and Surety Association (ICISA) anticipate increased demand for credit insurance and surety. As government support measures are wound down, ICISA members expect a resulting rise in claims in the course of this year. Trade credit insurance 95% of ICISA trade […]
Under the umbrella of the Arab-Africa Trade Bridges (AATB) Program, three IsDB Group Private Sector Entities hosted a webinar on key trade finance and investment components aimed at fostering regional trade. The entities included the International Islamic Trade Finance Corporation (ITFC), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the […]
Santander UK has provided MarineGuard Systems, a company designing, developing and installing marine security systems on superyachts and offshore facilities, with new government-backed banking facilities. The new arrangement includes the restructuring of the company’s working capital facility and an innovative bond solution to release funds otherwise tied up in ongoing contracts. The Southampton based company […]
The Global Supply Chain Finance Forum (GSCFF) – comprising BAFT (Bankers Association for Finance and Trade ), FCI (previously known as Factors Chain International), the International Chamber of Commerce (ICC), the International Trade & Forfaiting Association (ITFA) and the Euro Banking Association (EBA) – today announced plans to update its Standard Definitions for Techniques of […]
The International Islamic Trade Finance Corporation, member of the Islamic Development Bank (IsDB) Group, launched its new standalone LC Confirmation instrument as part of its strategy to expand its private sector interventions. ITFC’s newly developed LCs Confirmation product is open to SMEs in IsDB member countries wherein exporters can now rely on ITFC’s LCs Confirmation […]
UK Export Finance today launches a new guarantee scheme that will free up funds for UK businesses to cover the costs of international trade, supporting thousands of jobs and livelihoods across the country. Exporters will be able to apply for finance from the UK’s five largest banks backed by a UKEF guarantee to free up […]
The International Chamber of Commerce (ICC) Global Export Finance Committee’s Sustainability Working Group (ICC-SWG) has announced that it has commissioned International Financial Consulting Ltd. and Acre Impact Capital to develop a white paper, to be published in June 2021. The paper will review the state of sustainable finance across the export finance industry and propose […]
Deutsche Bank sees global trade finance volumes rebounding by more than 7% in 2021. Daniel Schmand, Deutsche Bank’s head of trade finance and lending, forecasts that trade finance will be one of the winners in a post-Covid-19 environment. “The World Trade Organisation has forecast a 9.2% decline inthe volume of world merchandise trade for this […]
Despite revenue growth forecasts being at a record low, ScotPac SME Growth Index data highlights a resilient small business sector with some industries and states upbeat about 2021 prospects. Small business research, conducted twice a year by East & Partners* on behalf of ScotPac, Australia’s largest non-bank SME funder, points to an uneven national recovery […]
