Trade Finance Talks

The evolution of the UCP 600 and supplementing rules for documentary credits

International trade has faced many challenges in recent years. In addition to COVID-19 taking a toll on the global economy, the conflict in Ukraine and subsequent sanctions against Russia have compounded the effects.
In our latest episode, Trade Finance Global (TFG) spoke to UCP 600 expert David Meynell, senior technical advisor for the ICC Banking Commission and digital rules advisor to the Centre for Digital Trade and Innovation, to get more information.
Find out more: https://www.tradefinanceglobal.com/posts/podcast-s1-e91-evolution-of-ucp-600-and-supplementing-rules-for-documentary-credits/

FCI - why the factoring industry is experiencing a boom

The world of factoring has undergone a major boom in the last two years. 
TFG spoke to one of the world’s largest factoring associations to find out how trade receivables can help solve the liquidity crunch caused by supply chain disruption.
 
Check out this post to find out more: https://www.tradefinanceglobal.com/posts/podcast-s1-e90-fci-why-the-factoring-industry-is-experiencing-a-boom

Fraudbusters – MonetaGo’s CEO on tackling duplicate financing fraud in trade finance via the Trade Finance Registry

With the trade finance gap at an all-time high, some tech companies are creating novel solutions to help combat the wide-scale fraud that has challenged the sector for many years, making it a more attractive space for lenders once again. 
 
TFG spoke to Jesse Chenard, CEO of MonetaGo to find out more.
 
Check out this post to find out more: https://www.tradefinanceglobal.com/posts/podcast-s1-e89-fraudbusters-monetagos-ceo-on-tackling-duplicate-financing-fraud-in-trade-finance-via-the-trade-finance-registry
 
 

Future-proofing trade finance and insurance through technology

Managing risk within lending and underwriting is essential during uncertain times. 
Given the critical role credit insurance and surety plays within trade and export finance, TFG spoke with Tinubu about the role of artificial intelligence (AI) and distributed ledger technologies (DLT) in future-proofing the industry.
 
Find out more: https://www.tradefinanceglobal.com/posts/podcast-s1-e88-future-proofing-trade-finance-and-insurance-through-technology/

Technology can reduce risk and save costs if used effectively

With the current macroeconomic and geopolitical landscape looking fairly bleak, financial risk management and the ability for businesses to adapt quickly to changing conditions has never been more important. Technology has a role to play in both.
TFG spoke to two leading trade credit risk management experts, Marian Berden and Robert Meters of Schumann on how technology has the potential to help business avoid some of the costs and stresses associated with current economic conditions.
 
Find out more: https://www.tradefinanceglobal.com/posts/podcast-s1-e87-technology-can-reduce-risk-and-save-costs-if-used-effectively/

Why the Queen’s speech is about to accelerate the acceptance of digital trade documents into English law

If a new trade bill is passed during the current UK parliamentary term, digital paperwork could be legalised under English Law, which could be a landmark moment for the trade and export industry. 
On Tuesday, 10 May 2022, Prince Charles stood in for Queen Elizabeth to deliver the Queen's Speech to Parliament...
Read more: https://www.tradefinanceglobal.com/posts/podcast-s1-e86-why-queens-speech-is-about-accelerate-acceptance-digital-trade-documents-into-english-law/ 

Contour on fighting the trade finance gap with digital assets

Trade digitalisation has come a long way in the past half-decade, but there is still much more to do. 
TFG’s Deepesh Patel sat down with Contour’s CEO Carl Wegner and Chief Product Officer Joshua Kroeker to discuss trade assets, trade receivables, and the distribution of trade finance. 
 
Read more: https://www.tradefinanceglobal.com/posts/podcast-s1-e85-contour-on-fighting-the-trade-finance-gap-with-digital-assets/

URDTT 1.0 - David Meynell discusses the new rules for digital trade transactions

Digital is all the rage right now in the trade space. Emerging technologies from AI to IoT to blockchain are promising to revolutionise global trade. 
The hype is real.
However, there are a few blips on the radar: in a lot of jurisdictions, digital instruments are still not legally able to replace their paper predecessors. 
 
This creates a lot of hesitancy among firms that are considering implementing digital processes. 
 
Find out more here:
https://www.tradefinanceglobal.com/posts/podcast-s1-e84urdtt-1-david-meynell-discusses-the-new-rules-for-digital-trade-transactions/(opens in a new tab)
 

Taking on Europe’s credit risk insurance rules with ITFA’s Silja Calac, Jean-Maurice Elkouby

Credit risk insurance is a vital instrument for bank risk and capital management, and for facilitating lending to the real economy. 
 
Typically, banks only use the strongest insurers with sound capital bases and risk management practices for credit risk insurance, but even so, some market participants argue that current regulations are overly restrictive.
 
One of those is Silja Calac, board member at the International Trade and Forfaiting Association (ITFA) and head of the ITFA Insurance Committee. 
 
Read more here: https://www.tradefinanceglobal.com/posts/podcast-s1-e83-aking-on-europes-credit-risk-insurance-rules-with-itfas-silja-calac-jean-maurice-elkouby/

Veridapt - How a revolution in stockpile and supply chain monitoring can transform trade finance

In all the crises of the last two years - the pandemic, lockdowns, inflation, and now the Russia-Ukraine conflict - few industries have seen as much volatility as the commodities industry.
Disruptions in both supply and demand have been more or less constant, making it extremely difficult for producers and traders to plan ahead in terms of volume, pricing, and liquidity.
As a leading provider of stockpile and supply chain monitoring technology, Veridapt is among the companies best placed to help with solutions in such tough trading conditions.
Headquartered in Sydney, Australia, Veridapt is an industrial Internet of Things (IoT) business that has served the commodities markets for over 20 years. 
In this latest episode of our Trade Finance Talks, Sean Birrell, co-founder and chief technology officer at Veridapt and Rod Hutchinson, is the regional business development manager for the Americas at Veridapt talks about how a revolution in stockpile and supply chain monitoring can transform trade finance