Supply Chain Finance

Sustainability is one of the most used terms in the trade finance industry in 2023. While everyone knows what it means, and most know what the challenges are behind implementing sustainable actions, there is a clear issue with implementing tangible solutions.

Businesses and public authorities across the EU may be facing tougher laws on late payments, with the European Commission proposing a new regulation enforcing maximum 30-day terms. 

As the polycrisis of nature, climate and social justice unfolds, the notion of ‘business as usual’ is being disrupted. Whilst Scope 1 and 2 GHG emissions are largely under the control of an organisation, Scope 3 are considered the ‘hidden’ emissions, intricately woven into a company’s supply chain. 

The European Union’s proposed Late Payment Regulation (LPR), a revision of the Late Payment Directive (2011/7/EU), has sparked responses from the International Chamber of Commerce (ICC) and the International Trade and Forfaiting Association (ITFA).

In a recent episode of the CII podcasts, Mark Abrams, MD, and Global Head of Trade & Receivables Finance at Trade Finance Global (TFG), engaged in a thought-provoking conversation with Jayant Sriram, an ex-journalist. The episode discusses crucial aspects of international trade and finance, shedding light on challenges and innovative solutions shaping the industry.

The European Union’s latest regulation on late payments presents a balancing act reminiscent of tightrope walking.

To talk about Absa’s sustainability plans, Trade Finance Global’s Brian Canup spoke with Msizi Khoza, Managing Executive ESG, Absa and Ovizikhungo Sicwetsha, Pan African Head, Short Term Finance, Absa.

In this video, Neal Harm, (incoming) Secretary General of FCI, sat down with Peter Mulroy, (outgoing) Secretary General of FCI and Daniela Bonzanini, (outgoing) FCI Chairwoman reflect on the organisation’s evolution, strategic initiatives, and the future of factoring.

Global trade has shown remarkable robustness in the past few years, even under progressively difficult operational circumstances. While there’s a gradual downturn underway, there are still promising factors. 

Digital fuel management technology is making the mining industry less carbon-intensive and more profitable amid a mass shift to renewables-generated energy.

Today, the ICC DSI released their 2023 Key Trade Documents and Data Elements (KTDDE) report. The report outlines 14 key trade documents, going into depth on the definitions, purpose, and legal frameworks.

Originally designed as a risk management tool among banks, trade asset distribution has now transformed into an indispensable means for capital and liquidity optimisation, inviting a broad spectrum of non-bank investors. 

At the ITFA conference in Abu Dhabi, Trade Finance Global (TFG) spoke with Khilola Turaeva, the Head of Trade Risk Distribution for GTS EMEA at Bank of America to speak about the world of global trade asset and risk distribution.

To help understand how the UK government is staying ahead of these changes, Trade Finance Global’s (TFG) Brian Canup spoke with Minister Nigel Huddleston, Minister of State at the Department for Business and Trade

Trade volumes and macroeconomic context of 2022 and the ICC Trade Finance Register for 2023 reveal a nuanced interplay of growth and deceleration. In 2022, international goods trade flows reached $23.8 trillion, marking a 10.7% increase from the previous year.