Trade Finance Global (TFG)

🎄 Who said Christmas!? 🎉 💡 Join TFG at the ITFA Christmas Party – an exclusive evening of celebration for ITFA members at The Steel Yard , London. But building up to the evening’s festivities, we attended a thought-provoking seminar. The seminar began with welcome remarks by Sean Edwards, ITFA, followed by a compelling panel titled "Don’t be an ostrich in the sand!" moderated by Peter Sargent, DNB Bank, with speakers Alexandra Shipulina, Bank ABC, Grant Eldred, Penningtons Manches Cooper LLP, and Geoffrey Wynne, Sullivan & Worcester LLP. We also attended the "Global Trade Risk in 2024" panel moderated by Paul Fennell, Lloyds Banking Group, where Adam Clark ACII, Liberty Specialty Markets, Shona Tatchell, EBRD, Elcin Onat, Citi, and Amine Drissi Kamili, BACB plc, discussed key risks and challenges in global trade for the upcoming year. 🌍⚖️ And finally, "ESG Frameworks and Principles – Focusing on the ‘S’ in ESG," was moderated by Dr. Rebecca Harding, REBECCANOMICS LIMITED, with insights from Rob Palfrey, Minerva SRM ltd, Tobias Miarka, Coalition Greenwich (a division of CRISIL), Jonathan van der Westhuizen, British International Investment plc, and Arnaud Levasseur, MCB Group 🌱💼 🎥 Amidst the seminar, we managed to record some brilliant content. 🎧 In our podcast, TFG's Deepesh Patel spoke with Sean Edwards, ITFA, and Dhiresh Dave, Falcon Group, about inventory finance, including: 📈 Rising demand for inventory finance 💼 Challenges faced by banks 🤝 The role of non-banks 💡 Benefits for corporates Later, Deepesh sat down with Pamela Mar, ICC DSI, to discuss: 📑 Challenges of adopting MLETR 🌍 Relevance of ITFA DNI 💻 Importance of reliable technology for managing electronic documents 🔍 Tips for vendors undergoing assessment Stay tuned for more updates from the event! 🎄✨ #TradeFinance #ITFA #GlobalTrade #ESG #InventoryFinance #MLETR

🎥 NEW VIDEO | Race against real-time: The evolving landscape of US payment systems 💰 The conversation surrounding real-time payment systems is evolving quickly, and nowhere is this more evident than in the dynamic between RTP (Real-Time Payments) and FedNow, two significant players within American payments. 🗣️ To learn more about these and about the payments space in general, Trade Finance Global (TFG) Deepesh Patel spoke with Deepa Sinha, Vice President of Payments and Financial Crimes at the Banker’s Association for Financing and Trade (BAFT). 📺 Watch the full video with the link in the comments! #USPayments #technology #RealTimePayments

📰In case you missed last week’s news on #tradefinance, here’s your Monday morning coffee briefing from TFG to catch-up ☕ 🔷 November | Tracking digital trade in Peru and beyond 🔷 Structured credit: Closing in on the trade finance gap 🔷 C-suite speaks | ICISA - International Credit Insurance & Surety Association’s Richard Wulff provides four reasons to digitalise trade 🔷 TFG media partner of FCI , IFC - International Finance Corporation, and the Central Bank of Uzbekistan’s receivables and payables finance 🔷 US financial institutions explore regulated settlement network with shared ledger technology  🔷 PODCAST | Factoring and receivables: What’s in store for 2025? 🔷 UK invoice financing startup Stenn put into administration after HSBC application 🔷 ABN AMRO Bank N.V. AMRO to wind down asset-based financing in UK and Germany 🔷 South Africa faces mixed global economic outlook, PwC reports 📖 Read the full trade briefing by following the link in the comments section below ⬇️ 

🌍 Yesterday, we attended the Re-imagining the Future of Trade event by ICC United Kingdom in partnership with the International Centre for Digital Trade and Innovation (iC4DTI), as proud media partners. The event launched a roadmap to digitalise UK trade—a structured, actionable strategy to navigate today’s challenges and transition towards a future of paperless, data-driven, and sustainable trade. We began the event with welcomes from Paul Landless, Clifford Chance and Chris Southworth, ICC United Kingdom. Keynote speeches followed, featuring: ➡️ Lord Karan Bilimoria, ICC United Kingdom, who highlighted the critical role of digital trade in today’s economy. ➡️ Martin Kent, HM Trade Commissioner for Asia Pacific, discussing government priorities for trade digitalisation and growth. 💡 Panel highlights: 1️⃣ Scaling up the benefits of trade digitalisation This session proposed practical steps for SMEs to embrace digital trade, global market opportunities, and the impact of legal and data standard reforms. It emphasised the need for tailored approaches, with the UK roadmap as an example rather than an imperative. Speakers included Chris Southworth, ICC United Kingdom, Ayesha Ali, Department for Business and Trade, Rebecca Shepherd, Clifford Chance, Lars Karlsson, A.P. Moller - Maersk, Oswald Kuyler, Asian Development Bank (ADB), and Vashti Maharaj, The Commonwealth Secretariat 2️⃣ Are we being ambitious enough? This session addressed the risk of digitalising outdated systems without simplifying trade processes. It launched a thought leadership paper envisioning a transformative approach to trade: ultimately, trade could be “just like using a phone”. Speakers included Professor David Hughes, Teesside University, Theodora Christou, CASTL, QMUL, Professor Jun Du, Aston University, Alexander Goulandris, ICE Digital Trade (formerly essDOCS), and Shona Tatchell, EBRD In case you missed it, explore our latest article: Accelerating Digitalisation: Integrating Economies through Strategic Roadmaps, where Chris Southworth and Mahika Ravi Shankar discuss the importance of structured strategies for the future of trade — link in the comments section below. 👇

🤝 TFG are media partner of FCI , IFC - International Finance Corporation, and the Central Bank of Uzbekistan’s receivables and payables finance conference, supporting knowledge sharing in the global financial community. 🗣️ During the event, industry leaders tackled the fundamentals of factoring and supply chain finance. They also discussed topics that will undoubtedly guide the industry in 2025, including regulatory frameworks and technological advancements. Case studies provided tangible evidence as to how these financial solutions can create value. Notable speakers included: 🌟 Çağatay Baydar, FCI Chairman, on the success story of Turkey's factoring industry 🌟 John Beaney, Director Global Product - Global Trade & Receivables Finance, HSBC, presenting on factoring risk management. 🌟 Mónica Martín Blanco, SCF Consultant, Key Asset Consulting, offering a deep dive into supply chain finance legal and regulatory considerations. 📖 Read the news by following the link in the comments section below ⬇️ #events #receivablesfinance #Uzbekistan | Deepesh Patel

📢 New highlights about today’s panel sessions at the ‘Exploring Receivables Finance and Factoring Receivables and Payables Finance’ conference in Tashkent, Uzbekistan. As official media partners of this event, we have had a fascinating day here in Tashkent! 🎉 The opening ceremony and welcome remarks in the morning were followed by several discussions featuring experts on advanced technologies and their practical applications within supply chain finance (SCF): 📖 First, Aysen Cetintas, FCI Education Director, introduced the audience to ‘Factoring, receivables finance, and payables finance’. This was followed by an ‘Overview of the receivables and payable finance industry’ by A. Betül Kurtulus, Regional Director CEE, SEE & ME, FCI. 🇹🇷 Then, the topic of ‘Regulatory framework & central registry for factoring transactions: The Turkish experience’ was discussed by Filiz Ünal, Deputy Secretary General, Association of Financial Institutions of Turkey. Çağatay Baydar, the Chairman of the Board of Directors of TEB Faktoring A.Ş., then spoke about the success story of Turkey’s factoring industry, addressing: ❓ Why factoring is an attractive product for banks/NBFIs to offer. ❓ Who benefits from factoring. … and many more! 💼 John Beaney, Director Global Product - Global Trade & Receivables Finance of HSBC also shared his insights on factoring risk management in practice. ✨ Don’t miss our upcoming posts and interviews in both English and Russian! 

🇬🇧 UK invoice financing startup Stenn put into administration after HSBC application 🏛️ Stenn, a London-based invoice financing provider, was put into administration on Wednesday, 4 December after an application by HSBC Innovation Bank, the UK banking giant’s startup investment wing. ⚖️ Following an order from the London High Court of Justice, three managing directors from Interpath Advisory, a consulting and restructuring firm, will take over as administrators of Stenn and Stenn Assets UK, its funding vehicle. 📖 Read the news by following the link in the comments section below ⬇️ #Stenn #InvoiceFinance #TradeFinance

🇺🇸 US financial institutions explore regulated settlement network with shared ledger technology 👉 An industry initiative launched by a consortium of leading US financial institutions has demonstrated the potential for an always-on, interoperable settlement network, promising to streamline multi-asset transactions. 🏦 The Regulated Settlement Network (RSN) Proof-of-Concept (PoC), unveiled Thursday 5 December, aims to how tokenised securities and central bank and commercial deposits could utilise shared ledger technology to enhance settlement processes within a financial market infrastructure. ⚙️ The initiative suggests that shared ledger technology could create a unified platform for settling diverse financial instruments, from central bank deposits to US Treasury securities, in real-time. 📖 Read the news with the link in the comments! #USFinancial #SharedLedgerTechnology #payments