28/06/2022
New technologies changing the trade finance industry
New technologies are altering the face of trade finance, bringing a host of opportunities and challenges for corporate treasurers. Joon Kim, Global Head of Trade…
International Trade Finance
13/04/2022
Identify and mitigate the 4 types of financial risk: commercial risk, foreign currency risk, country risk, and bank risk
Trade finance instruments and practices are designed to assist importers and exporters with effective mitigation techniques for all types of financial risk. The risks, which can be mitigated through appropriately structured trade finance instruments or services, include: commercial risk, foreign currency risk, country risk, and bank risk.
25/03/2022
Your business credit score is the passport to going global
There are serious benefits to having a strong business credit score and business credit report. The most important within the “go global framework” are access to global growth funding, credibility with international distributors and other overseas partners, and leverage in negotiations.
27/10/2021
10 effective techniques for managing requests for discounts in international trade
All exporters, international trade professionals, international sales experts, and business development professionals receive requests from new and current customers for discounts on a daily basis….
06/10/2021
Bidding farewell to LIBOR: The impact on trade finance
The London Interbank Offered Rate (LIBOR)—the deep-rooted benchmark interest rate first established in the 1980s—is being phased out. Amid this change, BNY Mellon’s Joon Kim,…
06/08/2021
10 Export costs you need to consider when projecting cash outflows
Businesses that operate internationally need to treat their cash flow planning differently than those that operate domestically. There are many additional details to consider for…
16/04/2021
Q2 International business and trade predictions in 2021
After the dramatic economic toll of the pandemic in 2020, economic forecasters predicted a rebound in trade in 2021, though experts warned trade was not…
24/03/2021
How banks are supporting SMEs and global trade through their own digital marketplaces
In recent years large banks have experienced more competition from innovative fintech start-ups, credit unions and co-ops. These players cater to tech-savvy, values-driven millennials but…
09/02/2021
A quick guide to international trade organizations
Trade-related organizations play a critical role in ensuring the viability of businesses all around the world. They set and create needed median standards for all…
02/02/2021
CITP Spotlight: Mamdouh Elkharadly – Account Manager, Commercial Banking
Mamdouh Elkharadly’s journey into international trade began in 2003 when he started working for a multinational shipping company called Pacific International Lines. That’s when he was introduced to many of the abbreviations…