How Investment in Trade Finance Can Help SMEs Thrive?

A healthy trading system depends on the availability of finance. Up to 80% of current Global Trade Finance is backed by credit insurance or other financing. However, there are sizable gaps in the available resources, making it difficult for many businesses to access the necessary financial tools.

Read more: https://www.emeriobanque.com/blogs/how-investment-in-trade-finance-can-help-smes-thrive

#GlobalTradeFinance #tradefinance #supplychains #SMEs #TradeFinanceServices #Tradefinanceinstruments

African Development Bank Supports Bank One With $40 Million Trade Finance Package

As per the latest news, the African Development Bank is supporting the Bank One of Mauritius by granting a $40 million trade finance package to boost its capacity to provide trade finance facilities to SMEs, local corporates and other important areas in Mauritius and across Africa.

Read more: https://www.emeriobanque.com/news/african-development-bank-supports-bank-one

#tradefinanceservice #AfricanDevelopmentBank #transactionguarantee #tradefinanceinstruments

IFC Grants $35m Credit to FSDH For SMEs

As per the latest news, FSDH, Nigeria’s Merchant Banking Group has recently been granted a credit facility of $35m in association with the IFC (International Trade Finance)

Read more: https://www.emeriobanque.com/news/ifc-grants-35-million-dollars-credit-to-fsdh-for-smes

#GlobalTradeFinanceProgram #SMEs #FSDH #IFC #tradefinanceinstruments #tradefinancegap #tradefinanceinstruments #lettersofcredit

Which Is A Better Choice - A Letter Of Credit Or Bank Guarantee

Letters of Credit and Bank Guarantees are the two most commonly used trade finance instruments in an international trade deal. Both are issued by a bank or legal financial institution to mitigate the payment risks between the parties as well as to safeguard the parties’ interests.

Read more: https://www.axioscreditbank.com/blogs/which-is-a-better-choice-a-letter-of-credit-or-bank-guarantee

#LetterOfCredit #Bankguarantee #tradefinanceinstruments #internationalletterofcreditservice #AxiosCreditBank

MonetaGo’s Invoice Fingerprint System To Prevent Trade Finance Deduplication In India

As per the latest news, MonetaGo reported a significant advancement in following through with its commitments of preventing duplicate financing of invoices in India, four years after its commencements.

Read more: https://www.emeriobanque.com/news/monetago-invoice-fingerprint-system-to-prevent-trade-finance-deduplication-in-india

#internationaltradefinance #tradefinanceinstruments #SMEs #MonetaGo #duplicatefinancing

BNY Mellon Participates With Marco Polo For Blockchain-based Trade Finance

According to the latest reports on Oct. 11, 2021, BNY Mellon has joined a consortium operating to bring blockchain technology into global trade finance and digitize the facilitation of working capital to both exporters and importers across the world.

Read more: https://www.emeriobanque.com/news/bny-mellon-participates-with-marco-polo-for-blockchain-based-trade-finance

#MarcoPoloNetwork #tradefinanceinstruments #BNYMellon #acceleratestradefinance #tradefinanceindustry