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Bolero automates Letter of Credit service

Financial supply chain platform Bolero has extended its Web-based trade finance suite to incorporate Letter of Credit Advices. The service enables banks to bring Letter of Credit Advices online for their export customers to print, view and download. It is...

#bank#Bolero#digital

Interest rate hike will wreck SME growth, finds UK...

Small businesses fear that further hikes in interest rates will prove disastrous for their firms, according to UK factoring and…


Largest independent factor targets low-cost import factoring

Canbank Factors, India’s largest independent factor by market share, is planning to offer import factoring in the country, as a…

#bank#global trade#L/C


Slovak exporters to sell receivables to Italian factor

UniBanka will start taking over the receivables of Slovak exporters to Italian customers. The bank will purchase receivables maturing within…


China’s EXIC steps in with US$29m credit insurance for...

China’s Export-Credit Insurance Corporation (EXIC) will provide US$29m in credit insurance, which will cover the financing of a soda plant…

#3M#insurance#investment


Taiwan financial giant to explore factoring business in China

Taishin, the Taiwanese financial services group, has said it will seek potential opportunities with foreign banks to develop a factoring…

#banks#commercial finance#economy


GE offers US$17m in distribution finance for US corporate

GE Commercial Distribution Finance (GECDF), the supplier finance unit of GE Capital, has agreed to expand the distribution finance facility…


FDA diploma second registration period for 2004 approaches

Developed in association with the Institute of Financial Services (ifs), the FDA Diploma is comprised of two Distance Learning Modules…


Bank of Maharashtra eyes factoring business

The Bank of Maharashtra is set to enter the factoring and forfeiting segment, which is a new concept in India,…

#bank#insurance#international


Atradius in the black for 2003

Credit insurance and management group Atradius has reported a Ђ17.5m (US$21m) profit after tax for 2003, a clear turnaround after…


Business outlook improving – Ecostat

Large companies were a little more cautious about their economic outlook in June, but SMEs remained optimistic, according to a…

#economic outlook#exports#inflation


Measures to cool economy further restrict SME funding sources...

The Chinese government's measures to cool the economy have further restricted the already limited financing channels for small- and medium-sized…

CBI questions government commitment to export credit support

CBI director-general, Digby Jones, has questioned the government's sustained commitment to globally competitive export credit support following Trade and Industry…

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