Letter of Credit (LC)

Contour’s network-based blockchain offering could finally move trade finance out of the dark ages.

Elaine Ng, Contour’s new Head of Innovation, is looking forward to working with “a great mix of blue-sky innovation and commercialisation” as she draws up the company’s roadmap for 2022. TMI discovers more about her ambitious plans. Contour, the TMI...

Lim Soon Chong took over as DBS’ Group Head of Global Transaction Services on 1 August replacing John Laurens, who will be retiring at the end of the year. Lim, who also continues in his role as Head of Digital for DBS’ institutional banking group, spoke to TMI...

Despite the rise of digitisation up the corporate agenda, many businesses are still clinging to antiquated paper processes. This post examines how digitising trade documents will ‘consign pain points and inefficiences to the history books’. The pandemic...

Green trade finance transactions require a trade finance instrument to support an underlying green project. But with no market standards yet supporting their use, accusations of ‘greenwash’ threaten their integrity. TMI spoke to the Head of Trade Finance at one of...

TMI Corporate Recognition Award Winners 2020 In one of the toughest years for treasury in the past decade, treasury teams stepped up their innovation projects and rolled out digital best practices at speed. Here, we celebrate their successes. What a year 2020 was. As...

Cash management is critical for any business, as are well-managed operating costs and productivity, not to mention more efficient processes and relationships with suppliers. Supply chain finance (SCF) programmes tick all the boxes in delivering the above. Big retailers...

After years of discussion, trade finance digitisation is finally gaining momentum. While acceptance is growing, challenges are still present in digitising an industry as traditional as trade finance. One well-known challenge is how new technologies and platforms such...

With the first fully digital, blockchain-secured end-to-end letter of credit transaction between Nanjing Iron & Steel and Rio Tinto complete, TMI asks Rio Tinto’s Michel Alves, Customer Service Manager, Iron Ore and James Liu, Account Manager, Southern China, to...

Covid-19 has changed so many aspects of life and business – global trade is no exception. With trade flows declining, and commercial payments following suit, Aoife Wallace, Head of Trade & Working Capital Europe, Barclays, and Daniela Eder, Head of Payments &...

With announcements of major potential investments of over $300 billion in the next 10 years, Latin America is rapidly becoming one of the most attractive regions globally for investments by the world’s largest oil companies. Compelling opportunities are emerging,...

These are heady days for the trade finance industry. An area of business that has gone largely unchanged for centuries, new technologies and market participants are now altering the face of trade finance – posing fresh challenges but also opening up a range of...