How Technology Can Help Global Trade Become More Efficient, Inclusive and Equitable
As supply chains have gotten more intertwined, managing them has grown more challenging. Furthermore, external factors like market volatility, changes brought on by pandemics, and increased awareness of the environmental impact of supply chains have driven regionalization and the need for optimization. This has interestingly led to the creation of Trade Finance Service to support small and medium-sized businesses and other stakeholders in focusing on supply chain resilience, making international trade finance more effective, inclusive, and equitable.
Site: https://www.emeriobanque.com/blogs/how-technology-help-global-trade-more-efficient
Tags: #InternationalTradefinance#financialinstitutions
Technology For Efficient, Inclusive and Equitable Global Trade
Discover how new technologies can help make global trade more efficient, inclusive, and equitable. Know how technologies can revolutionize global trade
China Gives More Money As The Vote For Country Garden Gets Closer
China is dealing with a slowdown that has shaken markets around the world. The attention is now on problematic developer Country Garden's (2007.HK) growing debt problem, which is happening in a sector that makes up about a quarter of the economy.
As pressure grows, the government has taken a few steps to boost the economy and get the real estate market going again. These steps include making it easier for people to borrow money and lowering the amount of foreign currency banks must keep on hand as reserves.
Site: https://www.emeriobanque.com/news/china-s-economic-support-as-country-garden-vote-looms
Tags: #InternationalTradefinance#financialinstitutions
China Gives More Money As The Vote For Country Garden Gets Closer
China Gives More Money As The Vote For Country Garden Gets Closer. First-home mortgages to make buyers feel better about buying.
How do specialised Trade Finance companies differ from Banks?
Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If your funds are held up, you won't be able to pay your vendors on time or stock up on materials for future orders. This could stifle expansion and potential, ultimately detrimental to your export business's success.
Exporters often use bank loans to bridge this funding gap. However, bank lines are unsuitable for Trade Finance Service due to the following reasons:
Collateralized:
When you apply for a loan from a bank, they will want you to provide tangible collateral, such as a piece of property or some machinery. You won't be able to have access to bank lines if you don't have any collateral to put up.
Limited:
There is a direct correlation between the value of your fixed assets and the quantity of financing you may get from a bank. However, companies often have sales that are much beyond their fixed assets and need more capital to export their surplus through traditional banking channels. In addition, you'll need access to your locked-up working capital during peak seasons when you may be experiencing additional demand, but banks will only extend your facility.
Read more: https://emeriobanque.medium.com/how-do-specialised-trade-finance-companies-differ-from-banks-69b096d48843#InternationalTradefinance#financialinstitutions#LetterofCredit#BankGuarantee#TradeFinanceService
How do specialised Trade Finance companies differ from Banks?
Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If…
With the debt of €5.2m Marco Polo Network Operations declared as insolvent!
Marco Polo Network Operations is the Irish company and appointed administrators as per the declaration of court ruling that declared the company to be insolvent on 22nd Feb 2023. Marco Polo Network proposed to close the strategic deal of $12 million with Bank of America.
The court heard that Marco Polo Network possesses a debt of €5.2 million and their current liabilities are more than €2.5 million. It is also claimed by Marco Polo Network that the significant investment for making a product to replace the internal account automation of Bank of America. It is a crucial step for investment in Bank of America, as heard by a court ruling.
After the collapse of we.trade after 9 months, along with Serai, HSBC is also backing the trade platform which is blockchain-based, serious questions are also raised around commercial viability.
Read more: https://www.emeriobanque.com/news/marco-polo-declared-insolvent-52m-debts#BankofAmerica#MarcoPolo#HSBC#investment#tradeplatform#internationaltradefinance#blockchaintechnology
With the debt of €5.2m Marco Polo Network Operations declared as insolvent!
With the debt of €5.2m Marco Polo Network Operations declared as insolvent! Marco Polo Network proposed to close the strategic deal of $12 million with Bank of America.
