Trade finance news

BPO: confusion reigns

BPO: confusion reigns

An industry spokesperson this week tells GTR that the stalled take-off of the bank payment obligation (BPO) may be due to it suffering an identity crisis, but Swift remains positive about the new instrument’s progress.

Associate at law firm Sullivan & Worcester, Hannah Fearn, tells GTR that the way the new digital payment instrument is being presented to the trade finance community is changing. “I’ve noticed a shift in the way the BPO is being described,” she says. “It’s being described as a bank assisted open account instrument, rather than as an electronic letter of credit (LC).”

 

Rmb settlement slow on the uptake

Rmb settlement slow on the uptake

Trade finance professionals at a GTR conference have revealed that only 55% of them are currently settling deals in Rmb.

Traders call for the digitisation of trade

Traders call for the digitisation of trade

Traders are keen to conduct more trade digitally and pushing banks to move away from paper-based documentation.

Finacity brings in Viney

Finacity brings in Viney

Finacity has hired David Viney to expand its capabilities in trade receivables financing.

Falcon Group makes double hire

Falcon Group makes double hire

Alternative financier Falcon Group has hired Mark Wyatt and Tim Esden to lead and develop its credit risk management division.

Sept/Oct 2014

Whale watching

Whale watching

A commodities financing scandal in China has shed some light on the murky underbelly of its collateral trade, which some fear is fuelling bubbles in China’s economy. Finbarr Bermingham reports.

Taking the temperature of trade

Taking the temperature of trade

As the world of regulation heats up, GTR gathered its editorial board to measure the impact on the banking, legal and insurance industries.

Email Icon
Follow GT Review on
Twitter for the latest updates

twitter.com/gtreview

GTR's 2014 Insurance Supplement is out now!

The 2014 GTR Asia Supplement is out now!

GTR hosted its annual charity awards dinner in London on April 30. View the photos here.

GTR Leaders in Trade 2013

GTR's Export Finance Supplement is out now! 

Switzerland
Lugano - September 16, 2014 
United States
Los Angeles - October 16, 2014 
Romania
Bucharest - October 30-31, 2014 
China
Beijing - November 4-6, 2014 
Malaysia
Kuala Lumpur - November 11, 2014