It is often seen that people perceive both the Letter of credit and Bank guarantee through the lens of functionality. They have a preconceived notion that BG and Letter of credit are the tools to facilitate international trade through secure and timely payments. However, this is not an appt assessme...
On 17th June, the HM treasury unveiled promising figures regarding the total value of the loans extended to the businesses stranded due to the COVID crisis. According to the released figure, £38.2 billion has been passed on through the banking and financial institution following the government loan...
Amidst the COVID-19 crisis, when the entire supply chain is at the brink of complete mayhem, the emerging markets manufacturers, a key component of the supply chain, are also facing the brunt with ever diminishing demands. The diminishing state of the EM manufacturers started ahead of the coronav...
Singapore: Sanctions Clauses And Trade Finance – Recent Further Guidance From The International Chamber Of Commerce
Adhering to sanction laws can be a tough ask at times, the primary reason being the varied existence of sanctions. Beyond the set sanctions, which are imposed by the UNSC (United Nation Security Council), each nation has different sanction persons and even countries. Banks generally want to opera...
The trade finance scenario has not been that promising off late. As per the ADB, there is a trade finance gap of 1.5 trillion dollars. This is a pressing issue that has affected the state of global traders head-on. When there is a problem in the trade finance world, it opens the gate for new form...
Not everything that came along with the COVID 19 crisis was an affliction, at least for the UK public. The times that we are presently living in are in no way normal. The public activity that we are witnessing with context to expenditure is also not normal. When the interest rates are being reduc...
The 21st century has taken digitization to its peak and advanced technology is better than ever before. The revolutionary smartphone technology has brought significant changes to our lifestyle. From payments to shopping, everything is perpetrated on smartphones. As a result, the UK economy is exp...
The relation between the United States and China is on the verge of a break-off. Many analysts have provided hints on the emerging global landscape since the annual parliamentary meeting in China had come to an end. The week-long meetings concluded on sending powerful indications to its citizens ...
Hong Kong, discerned as one of the leading financial cores across the globe, is on the verge of doom because of the geopolitical conflict between the USA and China. According to experts, if the special trade privileges of Hong Kong stood rescinded, it would certainly wear away the city as a global f...
A UK impact investor and development finance institution has declared openly a record month for the trade guaranteed program. This program includes 350 transactions and $500 million guarantees for the month of March. It is an extension of a $100 million trade loan to one of the leading banks of ...