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 ...
It almost goes without saying that the “AC” era (after Covid-19) that beckons at some point in the coming months will be resoundingly different from the sudden and extreme economic slump now unfolding. But even last year, banks in the Asia-Pacific region were wrestling with a range of challenges...
DBS is set to be the first lender bank to join the contour’s network to provide its customers with a letter of credit (LOC) settlement. The contour’s network is actually a blockchain service from Corda. It is also known as the Corda Network and it can lessen the settlement period. The Corda Netw...
HD bank becomes the first bank in Vietnam to join the open trade finance network in order to enhance trade financing to other corporates. This Vietnamese financial institution is a new addition to the Contour network. In December 2019, HD bank had overall VND 229 trillion, i.e., $9.8 billions wor...
The International Chamber of Commerce (ICC) has issued a couple of guideline publications for the governments of different countries to deal with the imbalance of the trade finance market due to the outbreak of the COVID-19 pandemic. In these guideline publications, it has holistically addressed ...
The COVID 19 pandemic is not only posing threat to humans' lives but also to the economy. This year has been the worst for global trades and new alliances are needed in order to ameliorate supply chain commotions and rift of trade flow. In the last few months, COVID-19 has expanded from Asia to A...
The trying times, which we are right in the midst of, are in no way close to normal. The new normal that we are forced to migrate is the initial aftermath of something worse than the great depression. The great lockdown has shunned every aspect of human life into complete dismay. But none has re...
The coronavirus pandemic is the biggest threat posed to humankind. This infectious disease is taking a toll on lives and the economy at the same time. This virus came into existence in Asia last year and knocked on other continents gradually. COVID-19 cases are soaring high with every passing. Na...
Coronavirus has struck mankind like lightning. The cases are increasing with every passing day. All nations are taking safety measures to protect their people from this deadly disease but on the other front, this is hampering the economy severely. The latest report on the financial system has dep...