Join Mitigram's Head of Asia Johan Egnell discussing the latest Trade Finance developments in Asia with Sales Director Toh Bee Lian.
- Date Wednesday, 11 August 2021
- Time 3:30PM SGT
- Registration GoToWebinar
- Duration 45 minutes
- Speakers Johan Egnell, Head of Asia and Toh Bee Lian, Sales Director
Katharine Morton - Head of Trade, Treasury & Risk at TXF - interviews the UK “dream team” of Mitigram: Managing Director Joshua Cohen and Sales Directors John Treasure and Pepi Bedi.
- Source #1 Linkedin Showcase
Trade Finance Podcast by Mitigram. Episode 6 with Victoire De Groote, Global Head of Country Risk, HSBC.
In this episode:
- 1:00- What is the recovery based on?
- 2:18- Causes for short term inflation
- 3:45- Effects of Government liquidity injection
- 6:10- Projections on Trade
Digital solutions have proven their worth in the pandemic. Even before that, platform solutions provided a new infrastructure for trade finance. Beyond the aspect of efficient settlement, mediating supply and demand is also a significant application area.
- Source #1 Export Manager
Mitigram's Head of Asia, Johan Egnell will join the European Chamber of Commerce, Singapore (EuroCham Singapore) panel on Digitalisation in Trade Finance on May 12 *Wednesday) at 9AM SGT together with SWIFT, ING and Fratelli Cosulich Group.
- Registration Registration
The trade finance gap represents the cumulative amount of requested trade finance that is rejected. In 2019, the Asian Development Bank estimated that the global trade finance gap was at USD 1.5 trillion, but amid the fallout from the pandemic this figure has skyrocketed. A new research from the International Chamber of Commerce (ICC) estimates a capacity of USD 1.9 to USD 5 trillion in the trade credit market is necessary to return to 2019 levels. Factoring in this estimation along with the existing 2019 trade finance gap of USD$1.5 trillion means that now between US 3.4 trillion and US 6.5 trillion are needed to be able to meet the 2015 UN’s Sustainable Development Goals.
Nordic startup Mitigram brings to Asia the world's largest matchmaking platform for traders seeking Trade Finance risk coverage.
Speaker: Johan Egnell, Head of Asia, Mitigram
"Globalization and digitization have transformed companies into digital enterprises, and new market opportunities and counterparties can potentially be found and exploited quickly, However, trade finance has not kept up." said Mitigram's CEO Milena Torciano in her recent interview with PYMNTS.
- Source #1 PYMNTS
Less than six months after launching the Open Market Discovery module, Swedish fintech Mitigram is releasing their latest, and to date biggest, add-on to their Trade Finance platform: TxM - Transaction Manager, a solution that will allow corporates to manage all their Trade Finance Transactions in one application.
STOCKHOLM, Feb. 16, 2021 /PRNewswire/ -- In May 2017, The Economist wrote an article echoing the idea that data had overtaken oil as the world's most valuable resource. For as much truth there is in such a statement, it is equally true that the only thing worse than not having data to work with, is to have "bad data" that lead to bad decisions.
Global Head of Country Risk, Victoire De Groote shares her views on the upcoming trade policies of the new Biden administration. In this podcast:
- 1:30 - Discontinuing the tariffs approach for more targetted consensus around sanctions
- 3:05 - Current account deficit of the US against China
- 5:08 - Measures in line with the administration policies prioritised over allies relations
- 7:10 - Status of the trade
- 9:33 - About commodities
Mitigram is the most trusted network in Trade Finance and used by many of the world’s largest corporates and banks. This video will show how the Open Market Discovery module can help banks to see more business opportunities and acquire new customers.
- Source #1 Youtube
In a recent report published by Standard and Chartered Bank, Trade Finance corridors between India and South Korea are highlighted as some of the most promising and active in Asia.
"A challenging yet exciting year is coming to an end. In 2020 Mitigram has set a new record: over 44 thousand individual requests for Trade Finance quotation were sent out using our platform. Thanks to all the top corporates and financial institutions that have trusted Mitigram and made all this possible. Merry Christmas and Happy New Year."- The Mitigram Team
Available now: The latest episode of Trade Finance Podcast focuses on the trends for trade in 2021 as well as the potential impact of a US Biden administration. The podcast is produced by Mitigram and presented HSBC's Global head of Country Risk, Victoire de Groote.
Mitigram has release a Trade Finance Podcast focused on sharing ad in-depth commentary to the latest news in the Trade Finance Industry. The podcast is available on popular platforms such as Spotify, Youtube and Anchor.fm
Lower commodity prices and scarcer demand have been pushing some African countries into deeper recessions, especially those heavily depending on the export of metals and oil. According to GTR the risk of sovereign default has grown across countries in Africa because of currency risk and higher debt levels. In such a challenging environment, trade finance executives have urged MDBs (Multilateral Development Banks) to “intervene decisively” and increase risk appetite in the continent by providing credit support to banks.
The world economic crisis resulting from the pandemic has affected almost all countries in the world. The recovery is now expected in most regions, thanks to a catch up effect, expectations of a vaccine and very supportive fiscal policies.The crisis will nevertheless have lasting effects. It will bring or accelerate structural changes and will impact trade in several ways. Geopolitical tensions and a new US administration create further uncertainties. In this paper we briefly discuss some of these issues:
- Changes in supply chains
- Employment and consumption
- Public deficits and “Zombie” companies
- Geopolitical tensions
- Biden administration
- Oil and commodity prices
- Source #1 Trade Finance Podcast
Mitigram has launched a unique initiative in the Trade Finance space, with the creation of the first Trade Finance focused podcast on Linkedin. The first episode features special guest, Head of Country Risk at HSBC Ms. Victoire De Groote. Subscribe to the podcast on www.linkedin.com/showcase/trade-finance-podcast
- Source #1 Linkedin
COVID-19 has shown to the world the true colors of centralizing manufacturing in one country, China. As the economy stopped during the first lockdown, corporates started considering the idea of distributing their manufacturing needs across the globe, mostly towards new emerging markets. That is, however, easier said than done.
Mitigram's CEO, Milena Torciano interviews Global Head of Country Risk, HSBC, Victoire De Groote on the impact of the crisis on world trade, geo-political tension and the possible scenarios with changes in the structure of trades. Will the crisis last? Is this the end of globalization? Can Emerging Markets benefit of the current changes?
- Source #1 Youtube
Over the past decade there has been a shift in strength between Western and Eastern banking. While Asia used to look at the West as an example of banking in terms of product and service innovation, the numbers recently shared in a research publication by McKinsey’s Future of Asia paints a different picture of the current situation.
Mitigram has released Open Market DISCOVERY; a significant new module that will further democratise trade finance by helping corporates, traders and banks to build global networks, access new relationships and originate new trade transactions.
Despite the challenging economic conditions, many Southeast Asian countries have been looking ahead optimistically while planning for recovery.
While dire news of Southeast Asian economies has lined newsfeeds the past months, many remain optimistic regarding the outlook of economic recovery. As global production lines recommence operations, the multiple sources predicts that countries in the region will rebound in the upcoming months.
After the collapse of oil trader Hin Leong and financial trouble at several other Singapore traders it was expected that banks in Singapore would tighten commodity financing practices.
Economic statistics for growth (or should we say contraction) look like something from another era: Eurozone -5,5%[i], advanced economies -6,1%[ii]. World merchandise trade volumes are expected to decrease between -13% and -32%, depending on the scenario laid out by the WTO[iii].
The Mitigram marketplace was first piloted in 2015 alongside some of Scandinavia's largest corporations and banks, and has since then grown to 200+ top registered corporates, traders and financial institutions.
- Source #1 Digital.di.se (in Swedish language)
To say the world is going through some difficult times is something of an understatement. Our thoughts are with everyone in our trade and trade finance community as we face down humanity’s biggest crisis in our lifetime.
On the business front, the pandemic and essential containment efforts have already resulted in significant business interruption across a wide range of sectors, and we’re only just beginning to understand what the long-term implications could be for trade.
HSBC has carried out the first receivables finance transaction in Bangladesh, after the country’s regulator approved the use of the instrument.
In a circular published on June 30, Bangladesh Bank says it will now allow “export under open account credit terms against payment undertaking or payment risk coverage with the option of early payment arrangement on a non-recourse basis”, with the margin on early payment set at no higher than the six-month US dollar Libor plus 3.5% annually.
Rolls-Royce has signed a five-year term loan facility, supported by a partial guarantee from UK Export Finance (UKEF).
The £2bn deal, which has not yet been drawn, was led by JP Morgan with backing from Citi, HSBC and Crédit Agricole. The amount guaranteed by UKEF has not been disclosed, but GTR has learned that it is likely to be around 80%.