Trade finance

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.

Description

While a seller (or exporter) can require the purchaser (an importer) to prepay for goods shipped, the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks may assist by providing various forms of support. For example, the importer's bank may provide a letter of credit to the exporter (or the exporter's bank) providing for payment upon presentation of certain documents, such as a bill of lading. The exporter's bank may make a loan (by advancing funds) to the exporter on the basis of the export contract.

Other forms of trade finance can include Documentary Collection, Trade Credit Insurance, Factoring or forfaiting. Some forms are specifically designed to supplement traditional financing.

Latest News for: Strategic trade finance

Edit

Top Penny Stocks To Watch Today If Tech Is Your Focus

PennyStocks 22 Feb 2021
In particular, the company offers a range of trading, online brokerage, and wealth management services ... This month, the company signed a partnership deal with Shanghai Petroleum and Natural Gas Trading Center ... MICT serves as a strategic third-party partner and provides margin financing, trade execution, and trade clearing capabilities....
Edit

AIA, China Strategic among bidders for Bank of East Asia's life insurance unit: Sources

Straits Times 02 Feb 2021
Goldman Sachs Group has been helping BEA on the strategic review and potential sale of the asset ... Listed in Hong Kong, China Strategic's operations range from investing in securities and loan financing to trading metal minerals and electronics components as well as securities brokerage, according to its website....
Edit

AIA, China Strategic said to be among final bidders for Bank of East Asia's life ...

Straits Times 02 Feb 2021
Goldman Sachs Group has been helping BEA on the strategic review and potential sale of the asset ... Listed in Hong Kong, China Strategic's operations range from investing in securities and loan financing to trading metal minerals and electronics components as well as securities brokerage, according to its website....
Edit

Binance X Invests in Decentralized Finance Aggregator Furucombo

Binance Blog 01 Feb 2021
The investment is a strategic move to further enhance the decentralized finance ecosystem by enabling easy DeFi loan and trading experiences ... Binance X Invests in Decentralized Finance Aggregator Furucombo ... The investment is a strategic move to further enhance the decentralized finance ecosystem by enabling easy DeFi loan and trading experiences....
Edit

Angela Machen joins Baker as the new city administrative officer

The Advocate 27 Jan 2021
... governing the assignment of leases, cooperative endeavor agreements with government and community stakeholders, as well as formulating strategic plans while serving on the executive, engineering, community policing, finance, community engagement and foreign trade Zone committees....
Edit

Mambu & Ta3meed partner to develop Islamic fintech in Kingdom

Marietta Daily Journal 21 Jan 2021
20—Mambu, a pure SaaS banking platform, and Ta3meed, an ......
Edit

Mambu, Ta3meed accelerate adoption of Islamic fintech

Gulf Daily News 19 Jan 2021
To contribute to this ecosystem, Mambu, a pure SaaS banking platform, and Ta3meed, a leading Islamic Fintech in trade finance in Saudi Arabia, today announced that the two companies have entered into a strategic partnership agreement to deliver innovative digital Islamic Financing for SMEs and investors in the region....
Edit

Senate approves amended AMLA bill; differences with House to be resolved in bicam talks

Manila Bulletin 18 Jan 2021
... as high-risk for money laundering or terrorism financing. The bill proposes to include violation of tax laws and the Strategic Trade Management Act, which relates to the proliferation of weapons of mass destruction and its financing, as predicate offenses to money laundering....
Edit

Saudi Arabia signs $3bn deal with Korean firm to fund projects

The National 07 Jan 2021
Saudi Arabia, the Arab world’s largest economy, signed a $3 billion deal with the Korea Trade Insurance Corporation (K Sure) to finance strategic government projects in the kingdom ... The facility was arranged through the National Debt Management Centre (NDMC), which is part of the Ministry of Finance, according to the statement....
Edit

Covid-19 set to cut spending for Islamic economy sectors

The News International 31 Dec 2020
The online launching ceremony of the report was held at the Centre of Excellence in Islamic Finance Institute of Business Administration ... In addition, Islamic finance assets were estimated to have reached $2.88 trillion in 2019 ... Indonesia and the Philippines formed strategic partnerships to expand their halal trade, as did Japan and Malaysia....
Edit

Reef Finance Debuts as the First Polkadot Project on Binance Launchpool

Crypto Briefing 23 Dec 2020
On the heels of its latest integration with Binance, one of the leading crypto exchanges globally by trading ... The strategic collaboration enables Binance users to take advantage of crypto purchases with FIAT and trading through the Reef Finance platform in a non-custodial manner....
Edit

Russian Bank VTB Completes Blockchain-Based Guarantee for Mobile Network Carrier

Inside Bitcoins 22 Dec 2020
In September, Sberbank Switzerland AG, the Swiss subsidiary of banking giant Sberbank, announced that it had signed an agreement with Swiss trade finance platform Komgo to utilize its blockchain-powered trade finance service. The announcement explained that the partnership was to help improve trade finance digitization....
×