Monday Morning Coffee Brief
17 April 2023?
Your Monday morning coffee briefing from TFG:
PODCAST | Marshall Islands to Liberia, monitoring 68,218 vessels raises alarms for trade financiers
Saying the world’s oceans are vast is an understatement. If one were to sail from Cape Town to Tristan da Cunha, the world’s most remote inhabited island, located over 2,000 kilometres to the nearest land, the voyage would take longer than it took Apollo 11 to reach the moon. Read more →
The future of trade finance is open and inclusive
Finastra : ESG is certainly not a new development, but its growth and importance in financial services have never been higher. Whilst there has been a big focus on the “E” in ESG, we’re also seeing a lot of progress in tackling other aspects, such as social action to address societal challenges. Read more →
MLETR: The snowball effect of digital trade
The MLETR (Model Law on Electronic Transferable Records) is a revolutionary solution that aims to transform the trade finance industry by providing an open framework for digitising trade documentation. Read more →
领英推荐
Euros Instead of Dollars Due to Force Majeure Clause?
Institute of International Banking Law & Practice (IIBLP) : The Court of Appeal in England has decided in MUR Shipping BV v. RTI Ltd [2022] EWCA Civ 1406 (27 October 2022) that sometimes a party must accept payment in Euros, even though the contract expressly stipulated payment to be made in US Dollars. Read more →
5 tips to help avoid metal frauds
Fraud has been a prevalent issue in commodity trading and financing over the past few years, most recently in relation to cargoes of metals. Read more →
EU Banks, Corporates Cautiously Optimistic While Awaiting Decision on Treatment of Trade Finance Products
Recent news reports have suggested that the European Union Parliament will likely retain treatment of certain trade finance instruments at a credit conversion factor (CCF) of 20% instead of increasing it to 50%. Read more →
EU Federation & FCI join forces to promote the factoring and commercial finance industry in Europe
The 8th EU Federation (EUF) & FCI EU Factoring Summit will take place on 20-21 April 2023 in Cologne, Germany. FCI and EUF represent over 98% of all European market players. Read more →
$6bn of global trade to be supported by Standard Chartered and IFC facility
Today, 渣打银行 and the IFC - International Finance Corporation announced the signing of a $700 million investment in the IFC’s Global Trade Liquidity Programme (GTLP) in support of global trade finance. Read more →