Trade Finance Global (TFG)’s Post

🏦 Understanding the complex nature of CRD VI ➡️ In this 2-part series, TFG’s Deepesh Patel spoke with Adam Harwood, Associate, A&O Shearman and Bob Penn, Partner, A&O Shearman, breaking down CRD VI and its implications on the syndicated lending and trade finance industry. ⚙️ Interbank lending will remain permitted. The EU authorities will conduct a review before implementation on whether the ‘interbank’ exemption should be extended to cover services provided to other financial sector entities. It is not clear what the scope of “financial sector entity” will be, though there is an existing definition for the term in CRR. 🪙 For the loan market, the effect of the changes will be to deprive in-scope non-EU firms of the ability to provide loans, guarantees and commitments into those EU Member States where those activities are currently unregulated, or a cross-border license is currently available, except where an exemption is available. 📖 Read the article, link in the comments section below ⬇️ #internationaltrade #CRDVI #EU #tradefinance

👋 Welcome to the monthly TFG & ICC DSI Monthly Column! For this month of July, Pamela Mar, Managing Director, ICC Digital Standards Initiative (ICC DSI) shared this important insight about the global adoption of MLETR. 🤔 Are we approaching the turning point for digital trade? In this monthly column, Pamela also shared the 12 use cases for #MLETR on the global stage, What is slowing the digitalisation progress and what can we do to make it arrive faster. 📖 Read the monthly Trade Finance Global (TFG) & International Chamber of Commerce DSI Column, link in the comments section below ⬇️ #digitaltrade #monthlycolumn #tradetech

🌐🗣️ Large language models in trade finance 🤖 Large Language Models (LLMs), such as OpenAI's GPT-4, are advanced AI systems trained on extensive text datasets. 🦾 These models excel in understanding and generating human-like text, making them ideal for tasks involving language comprehension and generation. 📜 When applied to the right use cases, LLMs can generate significant value, particularly in trade finance, by enhancing document checking and regulatory compliance. ✍️ In our latest article, Chandrasekhar S., Chief Technology Officer at Cleareye.ai, uncovers how LLMs and generative AI offer immense potential and identifying the appropriate use cases to leveraging their strengths effectively. 📖 Read the article by following the link in the comments section below ⬇️ #CleareyeAI #LLM #GenAI #tradefinance #compliance

🤝 Finastra and CredAble partner to offer supply chain finance offerings ➡️ Finastra, a global provider of financial software applications and marketplaces, today announced its partnership with CredAble, a working capital finance platform. This partnership aims to enhance the functionality of Finastra Trade Innovation by integrating CredAble’s feature-rich platform, offering both new and existing customers a comprehensive supply chain finance solution. 🗣️ “In today’s tough economic climate, it is more important than ever that corporates optimize their working capital and maintain real-time liquidity for long-term growth,” said Satyam Agrawal, Global Head of Product & Retail Business Lending, MD ASEAN & ME at CredAble. 🗣️ “To facilitate truly innovative, relevant and open trade finance services, our partner ecosystem plays an important role,” said Anastasia McAlpine, Head of Product Management for Trade and Supply Chain Finance at Finastra. 📖 Read the news with the link in the comments! #finastra #CredAble #supplychainfinance #tradefinance

🏢 CRD VI and its implications for syndicated lending and trade finance (Part 1) 🏦 Capital Requirements Directive VI (CRD VI), introduced by the European Commission, aims to enhance the regulatory framework for cross-border banking services within the EU. 🇪🇺 Effective from January 2027, the changes implemented for European Union Member States have the potential to significantly impact syndicated lending and the trade finance sector. 🗣️ To learn more about the implications of CRD VI, Deepesh Patel, Editorial Director, TFG spoke with Adam Harwood, Associate, A&O Shearman and Bob Penn, Partner, A&O Shearman, in a 2-part series. 📖 Read the article, link in the comments section below ⬇️ #internationaltrade #CRDVI #EU #tradefinance 🚨 Stay tuned for the 2nd part! 

🇦🇺 ANZ launches Australia’s first real-time payment service 💳 ANZ has announced its achievement as the first major Australian bank to execute a cross-border payment into Australia in near real-time, following the introduction of ‘Express Payments’ that utilise the New Payments Platform (NPP) network. 🗣 Pierre Fersztand, Global Head of Cash Management, Payments, Trade Solutions and Factoring of BNP Paribas said, “This partnership marks a significant step in BNP Paribas’ strategy to achieve instant and frictionless international payments. By strengthening our relationship with an established local partner, we are leveraging the local instant clearing framework allowing cross-border payments to settle instantly in order to enhance our clients’ experience. 📑 Read the news by clicking the link in comments 👇 #payments #international #australia

▶️ PODCAST | Steven Beck on the development and role of MDBs in global trade According to a joint Multilateral Development Bank (MDB) report, in 2022, global MDBs provided $60.9 billion of climate financing to low and middle-income countries, and $38.8 billion for high-income economies, totalling nearly $100 billion. This is just one example of the impact that MDBs have on the global economy. But how did they get to this point, and how else can MDBs impact international trade? At the 56th Annual FCI Meeting in Seoul, Deepesh Patel, Editorial Director at Trade Finance Global, was joined on Trade Finance Talks by Steven Beck, Head of Trade and Supply Chain Finance, Asian Development Bank (ADB) to discuss the role of MDBs in the facilitation of trade and supply chain finance. 🎧 Listen to the full podcast by following the link in the comments section below ⬇️ #tradefinance #supplychainfinance #internationaltrade #podcast

📰In case you missed last week’s news on #tradefinance, here’s your Monday morning coffee briefing from TFG to catch-up ☕ 🔷 Digitalisation in Morocco: strategies, challenges, and future vision 🔷 Combating financial crime: The benefits of a modular approach 🔷 PODCAST | The role of innovative technologies in transforming Moroccan trade 🔷 Trade transactions: Remove the paper – keep the process 🔷 VIDEO | The Year of Dragon and the year of the guarantee: How ICC Austria’s Trade Finance Week helps perfect the SPC’s guarantee rules 🔷 BIMCO’s ’25 by 25′ campaign exceeds year one goals with eBL adoption in bulk trade 📖 Read the full trade briefing by following the link in the comments section below ⬇️