How to manage working capital in a global trade finance gap. | Sammy Kinlaw posted on the topic | LinkedIn (2024)

In the ever-evolving landscape of corporate finance, the Electronic Trade Documents Act 2023, which will be in operation from today, September 20, 2023, stands as a monumental milestone, poised to reshape the way corporate treasurers manage financial transactions. The UK has become the first G7 and G20 country to enact legislation based on the UN Commission on International Trade Law’s (UNCITRAL’s) Model Law on Electronic Transferable Records (MLETR). Dominic Broom (Arqit) explains how this landmark bill could open the door to more innovative, accessible trade finance solutions, and support trade and business growth globally.Read blog: https://lnkd.in/e4hNiJQW#treasury #treasurymanagement #corporatetreasury #tradefinance #digitaltrade #arqit

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Managing finances across multiple countries can be challenging for international businesses. Financial commitments add up, dragging on a company’s bottom line and restricting opportunities for investment and new growth. Read how our payments solution can alleviate obstacles in cross-border transactions and treasury management. https://lnkd.in/gRCiB5bq

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Managing finances across multiple countries can be challenging for international businesses. Financial commitments add up, dragging on a company’s bottom line and restricting opportunities for investment and new growth. Read how our payments solution can alleviate obstacles in cross-border transactions and treasury management. https://lnkd.in/gP-swVzF

Empowering Businesses Worldwide: Surecomp is transforming the trade finance landscape by offering accessible solutions to both multinational corporations (MNCs) and small and medium-sized enterprises (SMEs). Say goodbye to manual processes and hello to streamlined operations that enhance financial security. Read more: https://lnkd.in/dYExPUrq#TheCFO #FinanceLeaders #TradeFinance #FinancialSecurity #GlobalTradeRevolution

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Managing finances across multiple countries can be challenging for international businesses. Financial commitments add up, dragging on a company’s bottom line and restricting opportunities for investment and new growth. Read how our payments solution can alleviate obstacles in cross-border transactions and treasury management. https://lnkd.in/evv5bQ64

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Managing finances across multiple countries can be challenging for international businesses. Financial commitments add up, dragging on a company’s bottom line and restricting opportunities for investment and new growth. Read how our payments solution can alleviate obstacles in cross-border transactions and treasury management. https://lnkd.in/gP4QntEx

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🌍 Global Trade Finance Redefined: Standard Chartered and Truist Bank Partnership 🤝🚀 A New Era in Emerging Markets: Standard Chartered Americas and Truist Bank are revolutionizing trade finance with a ground-breaking partnership. Aimed at bolstering capabilities in emerging markets, this collaboration marks a significant leap forward in global business conduct.💼 Strategic Collaboration for Growth: This partnership is designed to empower U.S. importers and exporters, leveraging Standard Chartered's expansive network across vibrant emerging economies in Asia, Africa, and the Middle East. With the U.S. as a major trade partner, this alliance opens doors to unprecedented growth opportunities.🔍 Enhanced Capabilities: The partnership's cornerstone is creating a seamless business environment with centralized processing, real-time analytics, and tracking services. Truist clients will benefit from Standard Chartered's expertise in fulfilling trade finance needs in these crucial emerging markets.📜 Key Services Unveiled: The collaboration includes comprehensive trade finance services like export and import letters of credit and standby letters of credit (SBLC). This enables Truist clients to tap into Standard Chartered’s global reach and sophisticated transaction monitoring for the entire value chain of documentary trade.If you’re frustrated by the Letter of Credit process, this could help. If you are looking for other alternatives to mitigate risk with your B2B trade, that is our specialty.🌐 Local Knowledge, Global Reach: In markets where Standard Chartered operates, Truist clients can now confidently confirm, advise, or discount letters of credit. They can also execute performance and commercial contracts requiring local expertise, backed by Standard Chartered’s local SBLC delivery capabilities.⏱️ Enhanced Efficiency and Transparency: This solution promises to revolutionize SBLC processing, offering improved turnaround times and clear cost transparency. It’s a significant step toward simplifying complex trade processes.📈 A Context of Innovation: This announcement aligns with recent advancements in trade finance, including Finastra's partnership with Microsoft Azure and HSBC’s launch of TradePay. It signals a transformative period in the trade finance landscape.Daniel Bradleydbradley@tciallc.com615-483-4320

“As trade finance continues to grow, the macroeconomic backdrop of recent years – characterised by higher interest rates, persistent inflation and conflicts in Europe, Russia/Ukraine and the Middle East – is limiting banks’ capacity to provide trade financing. The result is that demand is not being met by the financing available.This restriction has had a significant knock-on effect on the ‘trade finance gap’, which is the difference between requests and approvals for financing to support imports and exports. According to the Asian Development Bank (ADB) research report published in September 2023, the gap grew to a record US$2.5trn in 2022 – tripling from US$800bn from 2020.2As a response to these challenges, a paradigm shift is underway in the distribution of trade finance assets, with industry leaders advocating for increased involvement of capital market players.”Interesting article that sets out the role that can be played in the capital markets space to bridge this gap, the concept of securitisation as a service as an alternate distribution mechanic and the use of technology to facilitate such use of alternative distribution mechanics.

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An quick and insightful read in improving Trade Finance Efficiency by Association for Financial Professionals!

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Expanding internationally is something most businesses ponder doing. It makes sense since doing international trade is a great way to expand target markets, grow your customer base, increase revenue and reduce risk, just to name a few of the benefits. Well, hold onto your socks (and shoes) cuz our very own Bill James will be speaking on an upcoming GLOBAL CHAMBERS LIMITED webinar on Nov 6th at 1:30 pm CT / 2:30 pm ET on the topic of international trade finance. You don't want to miss this! #internationalbusiness #internationaltrade #tradefinance #finance #riskmanagement #suppliers #duediligence #creditrisk #creditreports

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