Despite the country’s latest financial bailout, the outlook for Greek corporates over the next year is no better than mixed according to trade credit insurer Atradius.
Late payments were experienced by 64% of companies in 2016, a recent Coface report found.
Global trade finance demand dramatically outpaces supply by an estimated USD$1.6trn a year.
Multinationals suffered the lowest currency losses since 2014, but currency volatility remains higher than 2013 and 2014.
US Treasury Secretary Steve Mnuchin said on Thursday that he was confident Congress would raise the federal debt limit.
The digitisation of trade finance is a work in progress and still in its early days. Banks must ensure that they are flexible in both adapting to and driving innovation.
The succession issue will arise in more than 20 countries this year, putting the stability of many regions in question reports the risk management group.
‘Export or die’ is a well-established maxim, but one with added relevance in the post-Brexit era as exporters seek out new markets around the world.
ING and Société Générale are both reported to be in discussions with commodities traders over LNG trading on a blockchain enabled with smart contracts.
The International Chamber of Commerce (ICC) Banking Commission’s head of policy highlights the appeal of trade finance to institutional investors and explains how to make trade finance more accessible.