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  • Trade Finance Services

    🌐 Unlock Global Trade Opportunities! 🌐

    Emerio Banque provides specialized trade finance solutions to help exporters and importers.

    💼 Letters of Credit (LCs) - Secure transactions

    💰 Export & Import Financing - Optimize cash flow

    🔒 Bank Guarantees - Strengthen contracts

    With Emerio Banque, experience frictionless international trade. We provide specialized trade finance solutions to help importers and exporters around the world. Secure payments are made possible by using irreversible Letters of Credit (LCs) to protect transactions.

    Improve cash flow by bridging payment gaps and quickening your trade cycle with export and import financing. Build trust with your partners by strengthening contractual responsibilities with our dependable Bank Guarantees. Don't let money problems stop you. To learn how our trade finance services can improve your international business endeavors, get in touch with us right now at tradefinance@emeriobanque.com.

    Trade Finance Experts You Can Trust. 💼 https://www.emeriobanque.com/trade-finance-services

    #TradeFinanceServices #GlobalTrade #LettersofCredit #BankGuarantees #TradeFinanceExperts
    Trade Finance Services 🌐 Unlock Global Trade Opportunities! 🌐 Emerio Banque provides specialized trade finance solutions to help exporters and importers. 💼 Letters of Credit (LCs) - Secure transactions 💰 Export & Import Financing - Optimize cash flow 🔒 Bank Guarantees - Strengthen contracts With Emerio Banque, experience frictionless international trade. We provide specialized trade finance solutions to help importers and exporters around the world. Secure payments are made possible by using irreversible Letters of Credit (LCs) to protect transactions. Improve cash flow by bridging payment gaps and quickening your trade cycle with export and import financing. Build trust with your partners by strengthening contractual responsibilities with our dependable Bank Guarantees. Don't let money problems stop you. To learn how our trade finance services can improve your international business endeavors, get in touch with us right now at tradefinance@emeriobanque.com. Trade Finance Experts You Can Trust. 💼 https://www.emeriobanque.com/trade-finance-services #TradeFinanceServices #GlobalTrade #LettersofCredit #BankGuarantees #TradeFinanceExperts
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  • How do specialised Trade Finance companies differ from Banks?

    Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If your funds are held up, you won't be able to pay your vendors on time or stock up on materials for future orders. This could stifle expansion and potential, ultimately detrimental to your export business's success.

    Exporters often use bank loans to bridge this funding gap. However, bank lines are unsuitable for Trade Finance Service due to the following reasons:

    Collateralized:

    When you apply for a loan from a bank, they will want you to provide tangible collateral, such as a piece of property or some machinery. You won't be able to have access to bank lines if you don't have any collateral to put up.

    Limited:

    There is a direct correlation between the value of your fixed assets and the quantity of financing you may get from a bank. However, companies often have sales that are much beyond their fixed assets and need more capital to export their surplus through traditional banking channels. In addition, you'll need access to your locked-up working capital during peak seasons when you may be experiencing additional demand, but banks will only extend your facility.

    Read more: https://emeriobanque.medium.com/how-do-specialised-trade-finance-companies-differ-from-banks-69b096d48843

    #InternationalTradefinance #financialinstitutions #LetterofCredit #BankGuarantee #TradeFinanceService
    How do specialised Trade Finance companies differ from Banks? Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If your funds are held up, you won't be able to pay your vendors on time or stock up on materials for future orders. This could stifle expansion and potential, ultimately detrimental to your export business's success. Exporters often use bank loans to bridge this funding gap. However, bank lines are unsuitable for Trade Finance Service due to the following reasons: Collateralized: When you apply for a loan from a bank, they will want you to provide tangible collateral, such as a piece of property or some machinery. You won't be able to have access to bank lines if you don't have any collateral to put up. Limited: There is a direct correlation between the value of your fixed assets and the quantity of financing you may get from a bank. However, companies often have sales that are much beyond their fixed assets and need more capital to export their surplus through traditional banking channels. In addition, you'll need access to your locked-up working capital during peak seasons when you may be experiencing additional demand, but banks will only extend your facility. Read more: https://emeriobanque.medium.com/how-do-specialised-trade-finance-companies-differ-from-banks-69b096d48843 #InternationalTradefinance #financialinstitutions #LetterofCredit #BankGuarantee #TradeFinanceService
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    How do specialised Trade Finance companies differ from Banks?
    Exporters are increasingly running into cash flow issues as payment cycles lengthen and more importers seek credit terms on payment. If…
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  • Get Trade Finance Services As A Short Term Working Capital

    A type of financing known as trade finance is created especially to support transactions involving international trade. It gives companies that import and export products and services access to short-term working capital, assisting them in managing the risks involved in international trade. Short-term working cash can be obtained through a variety of trade finance services, including:

    1. Letters of Credit: A letter of credit is a document that, under certain circumstances, a bank issues to a seller of products or services to guarantee payment. This can lessen the seller's risk of not getting paid and give them the working capital they require to complete the transaction.

    2. Documentary Collections: A documentary collection is a payment strategy in which the buyer and seller trade documents and money through the help of banks. Given that the seller can get paid after presenting the required paperwork, this can be a helpful way to get short-term operating capital.

    3. Invoice Financing: Getting short-term working cash through invoice financing entails using invoices as collateral. Businesses that have unpaid invoices that are approaching their due date but require cash sooner to meet their own financial responsibilities may find this to be a useful option.

    4. Supply Chain Finance: Financing the complete supply chain, from raw materials to finished goods, is known as supply chain finance. Given that it offers financing throughout the entire production cycle, this can be a helpful way to acquire short-term working capital.

    In general, trade finance services can be a helpful way for companies involved in international trade to get short-term operating capital. Trade finance enables companies to manage their cash flow and lower the risks involved in cross-border transactions by giving them access to financing that is particularly suited for such transactions.

    Visit us: https://www.emeriobanque.com/trade-finance-services

    #TradeFinanceServices #FinanceServices #SupplyChainFinance #LettersofCredit #DocumentaryCollections
    Get Trade Finance Services As A Short Term Working Capital A type of financing known as trade finance is created especially to support transactions involving international trade. It gives companies that import and export products and services access to short-term working capital, assisting them in managing the risks involved in international trade. Short-term working cash can be obtained through a variety of trade finance services, including: 1. Letters of Credit: A letter of credit is a document that, under certain circumstances, a bank issues to a seller of products or services to guarantee payment. This can lessen the seller's risk of not getting paid and give them the working capital they require to complete the transaction. 2. Documentary Collections: A documentary collection is a payment strategy in which the buyer and seller trade documents and money through the help of banks. Given that the seller can get paid after presenting the required paperwork, this can be a helpful way to get short-term operating capital. 3. Invoice Financing: Getting short-term working cash through invoice financing entails using invoices as collateral. Businesses that have unpaid invoices that are approaching their due date but require cash sooner to meet their own financial responsibilities may find this to be a useful option. 4. Supply Chain Finance: Financing the complete supply chain, from raw materials to finished goods, is known as supply chain finance. Given that it offers financing throughout the entire production cycle, this can be a helpful way to acquire short-term working capital. In general, trade finance services can be a helpful way for companies involved in international trade to get short-term operating capital. Trade finance enables companies to manage their cash flow and lower the risks involved in cross-border transactions by giving them access to financing that is particularly suited for such transactions. Visit us: https://www.emeriobanque.com/trade-finance-services #TradeFinanceServices #FinanceServices #SupplyChainFinance #LettersofCredit #DocumentaryCollections
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  • 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. With sufficient trade finance, businesses can have the resources they need to trade and grow, taking advantage of opportunities for development and expansion.

    Small and medium-sized businesses (SMEs) need help finding financing with favourable terms. This is especially concerning because SMEs constitute a significant force in trade, employment, and economic growth. According to research, SMEs encounter these obstacles in developed and developing nations, but the difficulties are most significant in lower-income countries.

    Trade digitalization has no definition, but it typically entails the digital twining of supply chains, the dematerialization of documents, and the digital data exchange. It means adding an electronic or computerized layer to business processes.

    A key distinction in the new reality is that digitalization also refers to using digital channels to assist SMEs in creating value. By doing away with paper-based transactions, SMEs can increase productivity and transparency while avoiding delays brought on by physical documents getting misplaced or destroyed along the way.

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

    #GlobalTradeFinance #tradefinance #supplychains #SMEs #TradeFinanceServices #Letterofcredit #Tradefinanceinstruments
    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. With sufficient trade finance, businesses can have the resources they need to trade and grow, taking advantage of opportunities for development and expansion. Small and medium-sized businesses (SMEs) need help finding financing with favourable terms. This is especially concerning because SMEs constitute a significant force in trade, employment, and economic growth. According to research, SMEs encounter these obstacles in developed and developing nations, but the difficulties are most significant in lower-income countries. Trade digitalization has no definition, but it typically entails the digital twining of supply chains, the dematerialization of documents, and the digital data exchange. It means adding an electronic or computerized layer to business processes. A key distinction in the new reality is that digitalization also refers to using digital channels to assist SMEs in creating value. By doing away with paper-based transactions, SMEs can increase productivity and transparency while avoiding delays brought on by physical documents getting misplaced or destroyed along the way. Read more: https://www.emeriobanque.com/blogs/how-investment-in-trade-finance-can-help-smes-thrive #GlobalTradeFinance #tradefinance #supplychains #SMEs #TradeFinanceServices #Letterofcredit #Tradefinanceinstruments
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    How Investment in Trade Finance Can Help SMEs Thrive?
    From secured payment & sound cash flow to explore new market opportunities. Check out the reasons how SMEs can benefitted by investing in trade finance services.
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  • Russia-Ukraine War Hits Trade Finance Hard - Says World Bank

    According to the World Bank, the GDP (Gross Domestic Product) of Ukraine will have shrunk by around 35%. A further downfall is also expected for 2023, as the comprehensive effects of Russia’s war on the economy are visible.

    Apparently, the media across the world has properly covered the massive disruptions caused to supply chains including the transportation of Ukrainian grain through Black Sea ports, where Moscow constantly broke guidelines permitting exports to distress customers abroad. Now, with the arrival of winter, Russia’s targeting of Ukraine’s energy infrastructure has led the population of the country in chilling darkness and immensely disrupted businesses. Power cuts have caused digital point-of-sale systems to be inconsistent, compelling an extensive return to cash systems. Regular business processes are now loaded with vulnerability.

    “We have been forced to continue our works without electricity for 12 hours a day, and sometimes more, with four hours of power supply followed by four of none (being) normal,” says Serheii Kostogryz, head of the Trade Finance and Factoring Department at Raiffeisen Bank in Kyiv. He further added that 40% of the staff presently operates remotely.

    “The continuity in business operations is difficult to keep up with when your utmost priority is to keep your staff safe and knowing you might all soon have to rush to the basement,” he stated. “Till today, we handled it successfully - clients can rely upon us 24x7.”

    Read more: https://www.emeriobanque.com/news/russia-ukraine-war-hits-trade-finance-hard

    #TradeFinanceHard #WorldBank #tradefinance #tradefinanceservice #corporatetradefinance #lettersofcredit #exportfinancing
    Russia-Ukraine War Hits Trade Finance Hard - Says World Bank According to the World Bank, the GDP (Gross Domestic Product) of Ukraine will have shrunk by around 35%. A further downfall is also expected for 2023, as the comprehensive effects of Russia’s war on the economy are visible. Apparently, the media across the world has properly covered the massive disruptions caused to supply chains including the transportation of Ukrainian grain through Black Sea ports, where Moscow constantly broke guidelines permitting exports to distress customers abroad. Now, with the arrival of winter, Russia’s targeting of Ukraine’s energy infrastructure has led the population of the country in chilling darkness and immensely disrupted businesses. Power cuts have caused digital point-of-sale systems to be inconsistent, compelling an extensive return to cash systems. Regular business processes are now loaded with vulnerability. “We have been forced to continue our works without electricity for 12 hours a day, and sometimes more, with four hours of power supply followed by four of none (being) normal,” says Serheii Kostogryz, head of the Trade Finance and Factoring Department at Raiffeisen Bank in Kyiv. He further added that 40% of the staff presently operates remotely. “The continuity in business operations is difficult to keep up with when your utmost priority is to keep your staff safe and knowing you might all soon have to rush to the basement,” he stated. “Till today, we handled it successfully - clients can rely upon us 24x7.” Read more: https://www.emeriobanque.com/news/russia-ukraine-war-hits-trade-finance-hard #TradeFinanceHard #WorldBank #tradefinance #tradefinanceservice #corporatetradefinance #lettersofcredit #exportfinancing
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    Russia-Ukraine War Hits Trade Finance Hard
    The colossal drop-off in trade including Russia and Ukraine has affected trade finance hugely, says World Bank on Ukraine’s GDP to decline in 2023. Know more.
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  • All You Need To Know About Trade Finance Gap: Find Effects on SMEs

    The pandemic has hurt trade and highlighted a requirement to make productive changes in trade finance service to bridge the gap in the number of those who need it and those receiving it.

    Recently, the USD 1.5 trade finance gap was reported by the Asian Development Bank in 2019 during the Covid pandemic. Besides this, the Manila-based multilateral institution’s latest Trade Finance Gaps, Growth, and Jobs Survey, included 79 banks from 43 countries and 469 firms from 72 nations. Its findings reveal the extent to which this trade finance gap is disrupting the full utilization of trade to facilitate growth, employment, and poverty reduction during the sudden outbreak of the global pandemic.

    All this data efficiently demonstrates the lack of accessibility of global trade finance instruments and the disproportionate impact of a lack of funds on emerging markets businesses, especially SMEs (small- and medium-sized enterprises). However, what trade finance gap exactly, why does it matter, and how can it be decreased or controlled?

    What is the Trade Finance Gap?

    The trade finance gap is the difference between the trade finance requests made by businesses around the world to empower sales of their goods & services and the actual amount of financial assistance that banks are willing to grant or able to provide. In other words, it is the difference between the supply & demand of trade finance services.

    Read more: https://www.emeriobanque.com/blogs/trade-finance-gap-and-its-effects-on-smes

    #internationaltradefinanceservices #AsianDevelopmentBank #globaltradefinanceinstruments #internationaltradefinanceinstruments #tradefinanceservice #SMEs
    All You Need To Know About Trade Finance Gap: Find Effects on SMEs The pandemic has hurt trade and highlighted a requirement to make productive changes in trade finance service to bridge the gap in the number of those who need it and those receiving it. Recently, the USD 1.5 trade finance gap was reported by the Asian Development Bank in 2019 during the Covid pandemic. Besides this, the Manila-based multilateral institution’s latest Trade Finance Gaps, Growth, and Jobs Survey, included 79 banks from 43 countries and 469 firms from 72 nations. Its findings reveal the extent to which this trade finance gap is disrupting the full utilization of trade to facilitate growth, employment, and poverty reduction during the sudden outbreak of the global pandemic. All this data efficiently demonstrates the lack of accessibility of global trade finance instruments and the disproportionate impact of a lack of funds on emerging markets businesses, especially SMEs (small- and medium-sized enterprises). However, what trade finance gap exactly, why does it matter, and how can it be decreased or controlled? What is the Trade Finance Gap? The trade finance gap is the difference between the trade finance requests made by businesses around the world to empower sales of their goods & services and the actual amount of financial assistance that banks are willing to grant or able to provide. In other words, it is the difference between the supply & demand of trade finance services. Read more: https://www.emeriobanque.com/blogs/trade-finance-gap-and-its-effects-on-smes #internationaltradefinanceservices #AsianDevelopmentBank #globaltradefinanceinstruments #internationaltradefinanceinstruments #tradefinanceservice #SMEs
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    Trade Finance Gap & its Effects on SMEs
    Amid the Covid pandemic, SMEs have been adversely impacted in accessing global trade finance services, leading to a trade finance gap. Know about the trade finance gap in detail.
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  • 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.

    The above-mentioned package consists of a $25 million risk participation agreement and a $15 million transaction guarantee as per the announcement.

    This transaction guarantee will enable the Bank to provide up to 100% guarantee to confirming banks for the risks of payment failure arising from the confirmation of trade finance service issued by Bank One. On the other hand, the risk participation arrangement will initiate up to 50% guarantee cover on a portfolio basis to boost the trade finance transactions started by issuing banks in area member nations. In short, this financial backing will help Bank One strengthen its capacity to cater to the trade finance requirements of key sectors.

    “Looking at the cross-sectoral practices of trade, the proposed funding, while utilizing Bank One’s footprints, is supposed to upgrade the African Advancement Bank's endeavours to coordinate Africa and enhance the quality of life of African residents,” stated the African Development Bank Head of Trade Finance Lamin Drammeh.

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

    #tradefinanceservice #AfricanDevelopmentBank #transactionguarantee #tradefinanceinstruments #financialservices
    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. The above-mentioned package consists of a $25 million risk participation agreement and a $15 million transaction guarantee as per the announcement. This transaction guarantee will enable the Bank to provide up to 100% guarantee to confirming banks for the risks of payment failure arising from the confirmation of trade finance service issued by Bank One. On the other hand, the risk participation arrangement will initiate up to 50% guarantee cover on a portfolio basis to boost the trade finance transactions started by issuing banks in area member nations. In short, this financial backing will help Bank One strengthen its capacity to cater to the trade finance requirements of key sectors. “Looking at the cross-sectoral practices of trade, the proposed funding, while utilizing Bank One’s footprints, is supposed to upgrade the African Advancement Bank's endeavours to coordinate Africa and enhance the quality of life of African residents,” stated the African Development Bank Head of Trade Finance Lamin Drammeh. Read more: https://www.emeriobanque.com/news/african-development-bank-supports-bank-one #tradefinanceservice #AfricanDevelopmentBank #transactionguarantee #tradefinanceinstruments #financialservices
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    African Development Bank Supports Bank One With $40 Million Trade Finance Package
    The African Development Bank approves a $40 million trade finance package to support the Bank One of Mauritius to provide trade finance facilities to SMEs.
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  • How Investing In Trade Finance Can Help SMEs Uplift?

    1. The trade finance gap has reached $1.7 trillion, excessively affecting small & medium-sized enterprises (SMEs).
    2. New technologies can have a vital role in transforming trade finance assets into profitable market products.
    3. A multitasker approach is essential to ensure the easy accessibility of trade finance instruments for SMEs.

    Trade acts as an accelerator that gives a boost to a country’s economy, 80-90% of international trade requires financing out of which, around 90% of the organizations are owned by SMEs and over half of the jobs globally according to the World Bank. Generally, these are the SMEs that are underserved and lack reasonable trade finance. One thing is clear: unless SMEs are capable of executing trade transactions with the support of financing, the economy cannot improve.

    According to the latest report issued by Asian Development Bank (ADB), SMEs are adversely affected by the $1.7 trillion trade finance gap ie. the difference between the number of trade finance applications by SMEs involved in global transactions and the number of approvals. As per the data, SMEs face 40% of these rejections which is quite higher than their share of applications. In this regard, ADB partnered with Seabank to expand trade finance in Vietnam.

    Read more: https://www.emeriobanque.com/news/investing-in-trade-finance-can-help-smes-uplift

    #tradefinancegap #tradetransactions #SMEs #tradefinanceservices #blockchaintechnology
    How Investing In Trade Finance Can Help SMEs Uplift? 1. The trade finance gap has reached $1.7 trillion, excessively affecting small & medium-sized enterprises (SMEs). 2. New technologies can have a vital role in transforming trade finance assets into profitable market products. 3. A multitasker approach is essential to ensure the easy accessibility of trade finance instruments for SMEs. Trade acts as an accelerator that gives a boost to a country’s economy, 80-90% of international trade requires financing out of which, around 90% of the organizations are owned by SMEs and over half of the jobs globally according to the World Bank. Generally, these are the SMEs that are underserved and lack reasonable trade finance. One thing is clear: unless SMEs are capable of executing trade transactions with the support of financing, the economy cannot improve. According to the latest report issued by Asian Development Bank (ADB), SMEs are adversely affected by the $1.7 trillion trade finance gap ie. the difference between the number of trade finance applications by SMEs involved in global transactions and the number of approvals. As per the data, SMEs face 40% of these rejections which is quite higher than their share of applications. In this regard, ADB partnered with Seabank to expand trade finance in Vietnam. Read more: https://www.emeriobanque.com/news/investing-in-trade-finance-can-help-smes-uplift #tradefinancegap #tradetransactions #SMEs #tradefinanceservices #blockchaintechnology
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    Investing In Trade Finance Can Help SMEs Uplift?
    A technological advancement, elimination of regulatory uncertainties, and a focus on ESG activities can help boost trade finance access to SMEs for global trade.
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  • Citi Strives To Boost Africa Supply Chain Finance BII Support

    The latest news highlights a risk-sharing lending arrangement between Citi and BII (British International Investment) worth $100 million, focused on boosting supply chain financing volume in Africa by up to four times as a result.

    Through this US$100mn funding support provided by BII, Citi is looking forward to improving its supply chain lending in the continent for Small and Medium Enterprises (SMEs) that often struggle to access trade finance services or other funding facilities. In the aforesaid deal, BII will deliver its guarantor services for the lending services given by Citi to small importer-exporters and underserved industries. It means that both the parties will bear 50/50 risk - BII would cover half the losses in a situation where a small business fails to pay the loan granted by Citi.

    “The recent Master Guarantee risk-sharing deal will enable Citi’s supply chain financing structure to grow & enhance in Africa by up to $400 million” BII stated.

    Read more: https://www.emeriobanque.com/news/citi-strives-to-boost-africa-supply-chain-finance-bii-support

    #tradefinanceservices #SMEs #supplychainfinanceservices #SCFservices #globalfinancial
    Citi Strives To Boost Africa Supply Chain Finance BII Support The latest news highlights a risk-sharing lending arrangement between Citi and BII (British International Investment) worth $100 million, focused on boosting supply chain financing volume in Africa by up to four times as a result. Through this US$100mn funding support provided by BII, Citi is looking forward to improving its supply chain lending in the continent for Small and Medium Enterprises (SMEs) that often struggle to access trade finance services or other funding facilities. In the aforesaid deal, BII will deliver its guarantor services for the lending services given by Citi to small importer-exporters and underserved industries. It means that both the parties will bear 50/50 risk - BII would cover half the losses in a situation where a small business fails to pay the loan granted by Citi. “The recent Master Guarantee risk-sharing deal will enable Citi’s supply chain financing structure to grow & enhance in Africa by up to $400 million” BII stated. Read more: https://www.emeriobanque.com/news/citi-strives-to-boost-africa-supply-chain-finance-bii-support #tradefinanceservices #SMEs #supplychainfinanceservices #SCFservices #globalfinancial
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    Citi Strives To Boost Africa Supply Chain Finance BII Support
    British International Investment (BII) and Citi have signed a $100 million risk-sharing facility to boost supply chain financing to SMEs across Africa. Read the full news.
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  • Contour Partners With TradeLens To Digitally Transform Trade Finance Workflows

    As per the latest news, Contour, a global digital trade finance network has reported its partnership with TradeLens, a blockchain-based supply chain platform focused on delivering a secure, safe & transparent transfer of electronic Bills of Lading (eBL).

    This aforesaid Contour-TradeLens Partnership seems critical for the ecosystem as it consolidates direct access to significant ocean carriers with a structured trade finance network. No arrangement could provide a phenomenal solution like these kinds of partnerships where the corporates and banks can synchronize their trade finance services with the physical shipment and enjoy an interoperable, end-to-end paperless transaction.

    The demand for these kinds of digital trade solutions has reached its peak and the biggest reason is the sudden outbreak of the global pandemic that exposed the vulnerability of global supply chains and highlighted liquidity requirements on SMEs. In international trade, a Bill of Lading is a critical document that shows that the shipment has been performed, and the banks are required to fund goods that are still in transit (by waterways). These digitally-transformed eBills will simplify and structure the entire trade finance process.

    Read more: https://www.emeriobanque.com/news/contour-partners-with-tradelens-to-digitally-transform-trade-finance-workflows

    #globaldigitaltradefinance #tradefinanceservices #SMEs #globalsupplychains #TradeLens #Contour #internationaltrade
    Contour Partners With TradeLens To Digitally Transform Trade Finance Workflows As per the latest news, Contour, a global digital trade finance network has reported its partnership with TradeLens, a blockchain-based supply chain platform focused on delivering a secure, safe & transparent transfer of electronic Bills of Lading (eBL). This aforesaid Contour-TradeLens Partnership seems critical for the ecosystem as it consolidates direct access to significant ocean carriers with a structured trade finance network. No arrangement could provide a phenomenal solution like these kinds of partnerships where the corporates and banks can synchronize their trade finance services with the physical shipment and enjoy an interoperable, end-to-end paperless transaction. The demand for these kinds of digital trade solutions has reached its peak and the biggest reason is the sudden outbreak of the global pandemic that exposed the vulnerability of global supply chains and highlighted liquidity requirements on SMEs. In international trade, a Bill of Lading is a critical document that shows that the shipment has been performed, and the banks are required to fund goods that are still in transit (by waterways). These digitally-transformed eBills will simplify and structure the entire trade finance process. Read more: https://www.emeriobanque.com/news/contour-partners-with-tradelens-to-digitally-transform-trade-finance-workflows #globaldigitaltradefinance #tradefinanceservices #SMEs #globalsupplychains #TradeLens #Contour #internationaltrade
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    Contour Partners With TradeLens To Digitally Transform Trade Finance Workflows
    Contour partners with TradeLens to further digitize international trade finance procedures with digitized e-Bills of Lading and end-to-end paperless transactions.
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