Trade Finance News, Updates & Trends Across The World

Banks team up with IBM in trade finance blockchain

While International Business Machines (NYSE:IBM) is not typically viewed as a tech company at the bleeding edge, blockchain is one area where Big Blue is leading the way. A recent survey of company founders, executives, managers, and IT leaders pegged IBM as the overwhelming leader, a result that bodes well for IBM’s nascent blockchain business.

Source: https://www.fool.com/investing/2017/10/05/more-banks-join-ibms-blockchain-trade-finance-proj.aspx

AfDB releases second Trade Finance in Africa survey report, “Overcoming Challenges”

The African Development Bank (AfDB) has released its second Trade Finance in Africa survey report: “Trade Finance in Africa: Overcoming Challenges”. Building on the findings of the maiden 2013 survey, this new report (covering the period 2013–2014) goes even further to gauge other aspects of bank-intermediated trade finance, such as the challenges encountered by SMEs and first time trade finance clients. The report is therefore based on the combined data from the 2013 and 2015 surveys. The report’s main findings are outlined below:

The value of bank-intermediated trade finance in Africa in 2013 and 2014 is estimated at US $430 billion and US $362 billion, respectively. Put differently, banks support about one third of total trade in Africa.

Source: http://www.worldstagegroup.com/worldstagenew/index.php?active=news&newscid=38747&catid=3

Standard Chartered wraps up new trade finance partnerships

Standard Chartered has announced a new set of partnerships with TradeIX, for the digitisation of trade finance and Infor to put supply chain information on the cloud. The bank has worked with TradeIX to roll out a new open blockchain platform for trade finance, allowing corporates a “connected and secure”

Source: https://ibsintelligence.com/standard-chartered-wraps-new-trade-finance-partnerships/

Ghana concludes USD 1.3 billion trade finance deal

Ghana’s Cocoa Board has concluded a USD 1.3 billion trade finance deal, notching up a quarter-century of such deals.

Ghana Cocoa Board  – known as Cocobod – has successfully concluded the arrangement of a USD 1.3 billion pre-export receivables backed trade finance facility, marking a quarter century of such deals since the first time of going to market in 1993.

The facility followed the instruction of a range of banks, working alongside Ghana International Bank, as initial mandated lead arranger, to carry out the trade financing. Rabobank, Crédit Agricole, Natixis, Standard Bank and Sumitomo Mitsui all acted as bookrunners.

They were joined by a group of supporting banks, such as Bank of China, Tokyo-Mitsubishi UFJ Bank, Commerzbank, the Industrial and Commercial Bank of China, Rand Merchant Bank, Société Générale, ABN AMRO, Standard Chartered Bank, Barclays Bank and others as arrangers.

Source: https://www.africanlawbusiness.com/news/7640-ghana-concludes-usd-1-3-billion-trade-finance-deal

“No one tells you that trade finance can be really fun”

Invest more in young talent: when it comes to how the trade finance industry can best tackle its gender bias, Emma Clark’s message is clear. In this, the next edition of GTR’s series about inspirational women in trade finance, Sanne Wass talks to Falcon Group’s head of business development.

For Emma Clark, if things get a little too easy, they become dull. In her professional life, she heads up Falcon Group’s global business development, a role in which she often finds herself racking up the airmiles, heading out into the world to help companies expand to new export markets. She says she loves her job, because she helps “solve problems that no one else can fix”.

Source: https://www.gtreview.com/news/global/no-one-tells-you-that-trade-finance-can-be-really-fun/

Global Trade Finance Market 2017- BNP Paribas, Citigroup, HSBC

Worldwide Trade Finance Market 2017presents a widespread and fundamental study of Trade Finance industry along with the analysis of subjective aspects which will provide key business insights to the readers. Global Trade Finance Market 2017 research report offers the analytical view of the industry by studying different factors like Trade Finance market growth, consumption volume, market trends and Trade Finance industry cost structures during the forecast period from 2017 to 2022.

Trade Finance market studies the competitive landscape view of the industry. The Trade Finance report also includes development plans and policies along with manufacturing processes. The major regions involved in Trade Finance Market are (United States, EU, China, and Japan).

Global Trade Finance Market 2017- BNP Paribas, Citigroup, HSBC

Trade Finance Market Size, Share, Trends Analysis and Growth Forecast by Product Type and Application By 2022

Trade Finance Market Report covers the present scenario and the growth prospects of the Trade Finance Industry for 2017-2022. Trade Finance Market Report contains industry overview with growth analysis and futuristic cost, revenue, demand and supply data. The research report introduce incorporates analysis of definitions, classifications, application and industry chain structure. Besides this, the Trade Finance Market report also consists of development trends and key region’s development status. The report covers the market landscape and its growth prospects over the coming years.

Trade Finance Market Size, Share, Trends Analysis and Growth Forecast by Product Type and Application By 2022

2017 Rethinking Trade & Finance

With 255 responses from banks located in 98 countries, as well as various contributions from leading experts in the field, “Rethinking Trade & Finance” is the most extensive gauge of the trends and outlook of the global trade finance industry.  It aims to provide insight and analysis to help readers formulate strategy and make decisions that will advance the evolution of global trade.

The 2017 edition comes at a transformational moment in the history of trade and the global economic system. The report has its roots at the peak of the global financial crisis, and has since earned its place as a leading publication on the subject of trade, finance and economic inclusiveness.

The Report encompasses four major sections of content linked to the pillars of the Banking Commission’s strategy. It focuses on the state of the trade finance market; trade and supply chain finance; policy, advocacy and inclusiveness around global trade; and digitisation and the state of FinTech.

2017 Rethinking Trade & Finance

Access to trade finance

Engaging in world trade holds enormous potential for business yet many companies, especially small- and medium-sized enterprises (SMEs), depend on access to banking services in order to unlock new markets. Trade finance allows companies to mitigate the risks associated with importing or exporting goods and services, permitting world trade to flow in a predictable and secure manner.

Trade finance has been a key catalyst of the expansion of international trade in the past century, and bank-intermediated transactions now represent more than a third of world trade, equal to trillions of dollars each year.

More than simply maintaining our international trading system though, trade finance is essential for the future outlook of global growth. SMEs are the backbone of the global economy, representing around 95% of the world’s companies and 60% of private sector jobs, and play a great role in promoting employment and social cohesion.

The supply or shortage of trade finance hurts SMEs the most, and thus has negative knock-on effects for economies and families across the globe.

Access to trade finance

Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic and international clients. Above news update and trends are sourced from internet and are purely meant for reading on the related subject and for information. Adam Smith Associate is not responsible for any of the content and nor it is meant for any commercial benefits.

 

Leave a Reply

Your email address will not be published. Required fields are marked *