Actrade Financial Technologies, a provider of financing, payment and processing solutions that enhance B-to-B commerce relationships, has announced the launch of the patent-pending E-DRAFT™ Program, an innovative trade finance program facilitating payment and settlement for international trade activities. Offered through the Company’s subsidiary, Actrade Commerce Ltd., the E-DRAFT Program is, essentially, the international version of Actrade’s E-TAD™ Program. Through the E-DRAFT Program, importers and exporters are afforded ‘the same commercial payment, processing and settlement solutions that domestic companies have enjoyed since 1993,’ the firm said. The E-DRAFT Program utilizes a traditional Bill of Exchange as the payment instrument (similar to the E-TAD used in the U.S.). Importers enrolled in the Program can defer payment up to 180 days. Actrade purchases the Bill of Exchange from the exporter for the face value, less a discount, within two working days from Actrade’s receipt of the importer’s signed obligation to pay.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more