Global

Renminbi use in traditional trade finance – letters of credit and collections – grew from 1.89pc in January 2012 to 8.66pc in October 2013, propelling it to the second most used currency in this market, according to SWIFT data.

BCR have released programme and speaker details for the 14th Receivables Finance International 2014 Convention (RFIx 2014), which will be held in Warsaw, Poland on 1-2 April. RFIx has become the biggest event of its kind and attracts senior level receivables finance executives from all over the world.

Deutsche Forfait profits shrink due to delay of delays in the placement of the first Trade Finance Fund.

Citigroup and Santander launch first ever combined trade receivables Collateralized loan obligations (CLOs)

The International Chamber of Commerce held there 2nd Supply Chain Financing annual summit in Paris on the 6-7 November.

SNS Impact Investing and FMO, the Dutch development bank have established EUR100m SME finance fund.

Following Ernst & Young’s study ‘Companies with strong links between the CFO and the supply chain leaders report better results’, Anil Walia shares his views on Treasury and Procurement related decision making processes on SCF issues in the client organisations.

Finacity Corporation (Finacity) has facilitated the successful launch of a new US$350 million freight receivables securitisation for Hapag-Lloyd Group (Hapag-Lloyd), a German-based global liner shipping company, to replace their existing North American facility.

Financial services business GE Capital is rethinking how it selects strategic suppliers, in a bid to boost innovation within IT.

Electronic invoice specialist Tungsten Corporation has several new contracts in the bag.