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British exporters are urging the country’s export finance agency to reduce its premiums, which they say are out of step with European rivals and risk discouraging UK companies from bidding for contracts. UK Export Finance (UKEF) typically charges premium rates of 6% to 7%, according to an annual benchmarking report from the British Exporters Association ...
Users of commodities and trade services marketplace TradeHelp will have access to financiers though trade finance marketplace Fineon Exchange, after the two companies announced a partnership. TradeHelp, headquartered in Los Angeles, facilitates commodities and trade deals from pre- to post-trade. Luxembourg-based Fineon provides funders and insurers access to trade finance assets. The companies say the ...
CapBay, a Malaysian multi-bank supply chain finance (SCF) and peer-to-peer (P2P) financing platform, has secured RM30 million (US$7.1mn) from Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank Berhad (KIBB), which it will use to grow its shariah-compliant SCF arm, CapBay Islamic. “CapBay is thrilled to receive the support from Kenanga and for sharing the ...
A US watchdog has again called for stronger cooperation between government agencies to combat trade-based money laundering, which it says is a “primary mechanism” for criminals to launder dirty money. The US Government Accountability Office (GAO), which conducts government audits at the request of elected officials, says in a report published on December 13 that ...
While global trade volumes have bounced back from the doldrums of last year, 2021 remained a turbulent period for trade and trade finance. Here we have rounded up our most popular articles over the past 12 months, which on the whole reflect the progress made, and the challenges faced by the industry, during this time. ...