Trade Finance & Liquidity Management. - 5 May

Size: px
Start display at page:

Download "Trade Finance & Liquidity Management. - 5 May 2010 -"

Transcription

1 Trade Finance & Liquidity Management - 5 May

2 Agenda Trade Finance Concepts & Trends SWIFT Trade Finance Offering BIS Solutions in the Trade Space Managing Liquidity BIS Solutions on Liquidity Mgt. 2

3 Trade Finance Market Perspective Growth in international trade 3

4 Trade Finance Risk Cash-in-advance Letters of Credit Documentary Collections Open Account Most Secure Seller Least Secure Buyer Documentary Collections Letters of Credit Open Account Cash-in-advance 4

5 Trade Finance - Trigger Points PROCESSING EFFICIENCY Risk - Compliance - FX hedging - PO authentication Services - Cash forecasting - Discrepancy handling - Dispute management In-Sourcing - Document preparation - Managed a/c payables - A/c Reconciliation Order Make Ship Invoice Receive Pay Sell Collect Inventory finance Pre-shipment finance Post-shipment finance Receivables finance LIQUIDITY MANAGEMENT 5

6 Traditional Documentary Credit Workflow 6. Payment Buyer s bank 4. Settlement Sellers s bank 3. Documents 5. Acceptance of documents by buyer Settlement Risk mitigation Financing Information 4. Payment 3. Documents 2. Shipment of goods Buyer 1. Creation of PO and transmission to vendor Seller Trigger points Logistics 7 High transaction visibility reduces risk and cost of finance APEC E-trade and Trade Supply Finance Chain Management & Liquidity Management Training, Nov 2008

7 Open Account Workflow Buyer s bank Seller s bank Settlement Buyer 1. Purchase Order 2. Shipment of goods 4. Vendor presents documents to be checked by buyer Seller 5. Acceptance of documents by buyer Trigger points 3. Documents Logistics 8Low transaction APEC E-trade visibility and Trade Supply Finance Chain increases Management & Liquidity Management Training, risk Nov 2008 and cost of finance

8 Migration to Open Account SWIFT messaging shows an increase in Cat 1 / 2 payment volumes whilst Cat 4 / 7 trade volumes are stagnating. This is a visible confirmation of the global shift to open account 9

9 Trade Finance Environment Pre- crisis World trade USD billion 20% involves secured documentation 80% open account Trends - importers and exporters are moving to open account Migration to open account limits the bank involvement in trade to settlement Current First time since 1982 we seen a contraction in world trade expected 6% for 2009* Exporters finding pre and post-shipment financing hard to obtain Importers profile as trading partners is riskier Less confidence in importers, importer s country and its import regulations Unstable market are a threat Contraction in trade - risk or liquidity issue 10 * Source: International Chamber of Commerce

10 SWIFT Trade Services Market Offering Guarantees (MT 76x) Collections (MT 4xx) Buyer s bank Documentary Credits (MT 7xx) Seller s bank TSU 12 MT-based MX-based

11 SWIFT Answer to Open Account Buyer Seller SWIFTNet TSU SWIFTNet Trade Services Utility: industry standards shared application community engagement 13

12 C2B Space - Concept Architecture SWIFT qpayintegrator Value-added functionalities electronic services distribution for treasury and trade finance BackOffice Trade documents issuance, amendments, advice, presentation and inquiries qpayintegrator Connector Bank Manage activity dates, payment dates, fees deducted ERP Corporate Automatic payments based on received invoices 20

13 Trade Financing Flow 21

14 Intra-day Liquidity Visibility Better communication flow with external world Build a central intra-day view on liquidity In addition to endof day statement intra-day info must be supplied Provide central view on their liquidity High resilience - connection & reporting facilities 26

15 Liquidity Forecasting Improve communication, connection and collection of transaction data from various systems to build a central transaction repository Central view of transactions Predict short term liquidity requirement Calculate exposure Generate reports 27

16 Treasury Forecast; 3-way Reconciliation Paymentsprocessing Processing Direct Debits Intraday Real-time Reconciliation 1 Cash Reporting Transaction details Processing Cheques Investmentbanking Own forecast DB (Real-time) 3 3-way reconciliation 28 AM / Custody Other Business processing Own ledger (partially batch) End-of-day reconciliation batch 2 FIN-Statements MT 950 / 940 end of day Source: SWIFT Cash Reporting 28

17 BIS Solutions Intraday liquidity & forecasting tool (REGIS, NOSTRO, Target2) Minimizing counterparty risk by filtering suspicious transactions Account Reconciliation 29

18 Interactive slide Let s discuss more Thank you! 30

Shift from Letters of Credit to Open Account using Electronic Supply Chain Management Tools

Shift from Letters of Credit to Open Account using Electronic Supply Chain Management Tools Shift from Letters of Credit to Open Account using Electronic Supply Chain Management Tools Christopher A. Conn Senior Business Manager Trade & Supply Chain Management Americas Banking Initiatives SWIFT

More information

SWIFTNet Trade Services Utility

SWIFTNet Trade Services Utility SWIFTNet Trade Services Utility Helping banks meet the supply chain challenge Slide 1 SWIFTNet Trade Services Utility Setting the scene What is the TSU? TSU Enabled Services Current Status Slide 2 Setting

More information

ISO20022 Trade Services Dashboard Description of business processes. ISO20022 - Trade Services Description of Business Processes

ISO20022 Trade Services Dashboard Description of business processes. ISO20022 - Trade Services Description of Business Processes ISO20022 Trade Services Dashboard Description of business processes 1 Trade Services Description of Procurement: Sub-Functions Tendering Ordering Delivering Invoicing Process for buyer to contact potential

More information

Supply Chain Finance for Corporates

Supply Chain Finance for Corporates Supply Chain Finance for Corporates Managing risk, finance and processing efficiency in a multi-bank environment Webinar, 30 June 2011 Our SWIFT speakers today André Casterman Head of Cash, Trade and Supply

More information

ACI Global Trade Manager

ACI Global Trade Manager PRODUCT LINE FLYER ACI Global Trade Manager Links all transaction participants (buyer, seller, banks and third parties) through a common collaborative platform Shortens the cash cycle for the buyer and

More information

Reducing Risk Through Bank-Assisted Open Account

Reducing Risk Through Bank-Assisted Open Account Reducing Risk Through Bank-Assisted Open Account Written by Bottomline Technologies and David Hennah of SWIFT This article was first published by GTNews Despite the recent credit crisis, globalisation

More information

Engaging new perspectives on supply chain business in Asia

Engaging new perspectives on supply chain business in Asia Engaging new perspectives on supply chain business in Asia Michael Kang, Korea Exchange Bank Daisuke Kamai, Bank of Tokyo Mitsubishi Xiong Yuanmeng, Bank of China Alan Wong, SWIFT Agenda Setting the scene

More information

Financial Risk Management Top priorities for Corporate treasuries

Financial Risk Management Top priorities for Corporate treasuries www.pwc.com Financial Risk Management Top priorities for Corporate treasuries Aniket Kulkarni Michiel Mannaerts March 2014 Contents 1. Introduction 2. Financial risks in corporate treasury 3. Tools for

More information

Enhancing Supply Chain Finance with Bank Payment Obligation (BPO)

Enhancing Supply Chain Finance with Bank Payment Obligation (BPO) Enhancing Supply Chain Finance with Bank Payment Obligation (BPO) Peter Chin Sibos 2013 Dubai September 17, 2013 Copyright 2001 2013 Premium Technology, Inc All Rights Reserved BPO Enhancing Open Account

More information

An Introduction to the Financial Supply Chain. Mapping the processes and finding the opportunities

An Introduction to the Financial Supply Chain. Mapping the processes and finding the opportunities An Introduction to the Financial Supply Chain Mapping the processes and finding the opportunities Table of Contents Project definition Objectives Scope and approach Key concepts Supply chain definitions

More information

Citi s Trade University

Citi s Trade University Citi s Trade University Joint Webinar with World Trade Magazine Retailing and the Financial Supply Chain the Links to Success Thursday, June 21st, 2007 11:00 a.m. to 12:00 p.m. (Eastern Time) This presentation

More information

Integrating Payables and Receivables to Unlock Working Capital

Integrating Payables and Receivables to Unlock Working Capital Integrating Payables and Receivables to Unlock Working Capital Approved for 1 CTP / CCM recertification credit by the Association of Financial Professionals May 2009 Introductions David Kunz Treasury Management

More information

Supply Chain Finance

Supply Chain Finance Supply Chain Finance Leveraging Modern Technology To Transform Innovative Vietnam Banking Services Gerald Huang Banking Vietnam 2015 Hanoi May 19, 2015 LOCAL BUSINESS ENVIRONMENT Retail Sales grew Services

More information

SUPPLY CHAIN FINANCE : A new way for trade banks to strengthen customer relationships

SUPPLY CHAIN FINANCE : A new way for trade banks to strengthen customer relationships White Paper SUPPLY CHAIN FINANCE : A new way for trade banks to strengthen customer relationships Business solutions through information technology TM Entire contents 2007 by CGI Group Inc. All rights

More information

BAFT-IFSA. BAFT-IFSA Product Definitions for Open Account Trade Processing and Open Account Trade Finance

BAFT-IFSA. BAFT-IFSA Product Definitions for Open Account Trade Processing and Open Account Trade Finance BAFT-IFSA Product Definitions for Open Account Trade Processing and Open Account Trade Publication Date: December 13, 2010 (Original) / REVISED May 2011 and Open Account Trade Section 1: Introduction Banks

More information

A 2010 GLOBAL TRANSACTION BANKING HANDBOOK:

A 2010 GLOBAL TRANSACTION BANKING HANDBOOK: A 2010 GLOBAL TRANSACTION BANKING HANDBOOK: in association with: Platinum sponsor: Gold sponsor: Silver sponsor: www.financial-i.com TRADE & SUPPLY CHAIN FINANCE Honing in on efficiencies The financial

More information

Chapter - 9. Credit Management

Chapter - 9. Credit Management Chapter - 9 Credit Management Purpose You can use Credit Management to minimize financial risks for your organization. Credit Management makes it possible for you to carry out credit checks in transaction

More information

Bank Payment Obligation

Bank Payment Obligation Payment Obligation IIBLP - 2012 Singapore Annual LC Survey Conference David Dobbing SWIFT Standards Agenda Introduction How it works Uniform Rules for Payment Obligation Adoption and Case Studies 2 Introduction

More information

Trade Finance Operations

Trade Finance Operations Trade Finance Operations A Solutions View on Traditional Trade Products Beirut, Lebanon, March 2010 Alexander R. Malaket, CITP, President OPUS Advisory Services International Inc. Summary Trade finance

More information

SWIFT for Corporates SPIN 2009. Barbara Sacchi. 15 th June 2009

SWIFT for Corporates SPIN 2009. Barbara Sacchi. 15 th June 2009 SWIFT for Corporates SPIN 2009 Barbara Sacchi 15 th June 2009 Business needs Cash visibility has become critical Where is my cash? Can I move my cash? Can I reach all my banks? MT 940 MT 101 Multi-bank

More information

Optimizing Payment Cycles for Trade Payables and Receivables

Optimizing Payment Cycles for Trade Payables and Receivables Optimizing Payment Cycles for Trade Payables and Receivables Houston Treasury Management Association Space City Cash Conference September 2013 Madeline Sprague, HSBC Bank USA, N.A. Global Trade & Receivables

More information

Welcome to the topic on purchasing items.

Welcome to the topic on purchasing items. Welcome to the topic on purchasing items. In this topic, we will perform the basic steps for purchasing items. As we go through the process, we will explain the consequences of each process step on inventory

More information

Foreign Exchange and Global Payments Core Application Suite

Foreign Exchange and Global Payments Core Application Suite DATASOFT Foreign Exchange and Global Payments Core Application Suite FxOffice is a fully integrated end-to-end software platform Datasoft is an international software engineering firm delivering innovative

More information

Transactions User Guide (Internet)

Transactions User Guide (Internet) Version Oct 2011 Pg 1 of 256 Table of Contents Purpose...5 1. Transaction Flow Overview...5 2. Bulk Import...6 2.1. Import...6 2.2. Batch Instructions...8 3. Create Transaction From Template...10 4. Copy

More information

Supply Chain Finance Overview. January 2013

Supply Chain Finance Overview. January 2013 1 Supply Chain Finance Overview January 2013 What s in a Name? What is Supply Chain Finance? What does it really mean? Financial Times: Supply chain finance allows a supplier to sell its invoices to a

More information

BANK PAYMENT OBLIGATION: FINANCIAL INSTRUMENTS TO MANAGE RISK IN THE OPEN ACCOUNT TRADE

BANK PAYMENT OBLIGATION: FINANCIAL INSTRUMENTS TO MANAGE RISK IN THE OPEN ACCOUNT TRADE BANK PAYMENT OBLIGATION: FINANCIAL INSTRUMENTS TO MANAGE RISK IN THE OPEN ACCOUNT TRADE J.P. Morgan Michael Quinn, Managing Director, Global Trade Product Management Executive Qatar National Bank Imre

More information

SWIFT Certified Application for Corporates - Trade and Supply Chain Finance

SWIFT Certified Application for Corporates - Trade and Supply Chain Finance Service Partner Programme SWIFT Certified Application for Corporates - Trade and Supply Chain Finance Label Criteria 2016 This document explains the business criteria required to obtain the SWIFT Certified

More information

Exploring Exports: Financing Your Export Sales

Exploring Exports: Financing Your Export Sales Exploring Exports: Financing Your Export Sales Presented by: Scott K. Hibbard, Vice President International Trade Finance February 9, 2012 Agenda Overview: Global Trade Trends Trade Cycle, Trade Risks,

More information

THE EVOLUTION OF THE FINANCIAL SUPPLY CHAIN

THE EVOLUTION OF THE FINANCIAL SUPPLY CHAIN THE EVOLUTION OF THE FINANCIAL SUPPLY CHAIN WORKSHOP: EUROPEAN SUPPLY CHAIN FORUM EINDHOVEN UNIVERSITY OF TECHNOLOGY NOVEMBER 2013 By DIRK E. DRIESSENS MAE, MBA 1 The Solutions to Finance Working Capital

More information

Chapter 5. Accounting for merchandising operations. Appendix 5A: Periodic inventory system

Chapter 5. Accounting for merchandising operations. Appendix 5A: Periodic inventory system 1 Chapter 5 Accounting for merchandising operations Appendix 5A: Periodic inventory system 2 Learning objectives 1. Record purchase and sales transactions under the periodic inventory system 2. Prepare

More information

Product. Corillian Business Online Corporate Treasury Management Solution on the Industry s Best Online Banking Platform

Product. Corillian Business Online Corporate Treasury Management Solution on the Industry s Best Online Banking Platform Product Corillian Business Online Corporate Treasury Management Solution on the Industry s Best Online Banking Platform Online Corporate Banking Today Realtime liquidity management and access to relevant

More information

FACT SHEET: EMPOWERING YOUR OPERATIONS WITH AN INTEGRATED PLATFORM TO DRIVE DOWN SETTLEMENT COSTS AND BETTER MANAGE RISK

FACT SHEET: EMPOWERING YOUR OPERATIONS WITH AN INTEGRATED PLATFORM TO DRIVE DOWN SETTLEMENT COSTS AND BETTER MANAGE RISK Wallstreet BackOffice Global, cross asset solutions for high performance STP workflow www.wallstreetsystems.com FACT SHEET: EMPOWERING YOUR OPERATIONS WITH AN INTEGRATED PLATFORM TO DRIVE DOWN SETTLEMENT

More information

2007 AFP Trade Finance Survey. Report of Survey Results. Underwritten by

2007 AFP Trade Finance Survey. Report of Survey Results. Underwritten by 2007 AFP Trade Finance Survey Report of Survey Results Underwritten by 2 2006 Association for Financial Professionals, Inc. All Rights Reserved www.afponline.org 2007 AFP Trade Finance Survey Report of

More information

SAP Corporate Connectivity

SAP Corporate Connectivity SAP Corporate Connectivity Financial Services Network In partnership with SAP Product Strategy 4 On Device 3 All devices All user experiences Easy to extend Orchestration LOB On Demand On Demand SAP Business

More information

Trade Finance and Supply Chain Update

Trade Finance and Supply Chain Update Treasury Services Trade Finance and Supply Chain Update Presentation to CLACE XXVIII Latin American Conference on Foreign Trade June 3-5 June, 2012 John Hernandez Treasury Services john.hernandez@bnymellon.com

More information

INTERNATIONAL PAYMENT METHODS

INTERNATIONAL PAYMENT METHODS S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L INTERNATIONAL PAYMENT METHODS Broward Economic and Small Business Development Export Readiness Semiar February, 2012 Abby Martinez Vice President

More information

Offshoring / Outsourcing Banks Trade Services

Offshoring / Outsourcing Banks Trade Services Offshoring / Outsourcing Banks Trade Services - Sainath Radhakrishnan, Head-FI Trade Outsourcing, ABN AMRO, London. Executive Summary Ever since offshoring and outsourcing in the services sector began

More information

CLS Third Party Evaluation Guide

CLS Third Party Evaluation Guide CLS Third Party Evaluation Guide August, 2013 An overview of the potential benefits that an institution should consider when evaluating indirect participation in the CLS settlement service. Contents 1.

More information

BII Maybank One Stop Transaction Banking & Treasury Solutions

BII Maybank One Stop Transaction Banking & Treasury Solutions BII Maybank One Stop Transaction Banking & Treasury Solutions Euromoney Workshop April 2 nd, 2014 Page 1 Growing market potential for trade business in Asia, particularly in Indonesia Rising trend on Indonesia

More information

AUDIT OF FOREIGN EXCHANGE TRANSACTIONS

AUDIT OF FOREIGN EXCHANGE TRANSACTIONS AUDIT OF FOREIGN EXCHANGE TRANSACTIONS 1.00 INTRODUCTION : The Foreign Exchange Management Act (FEMA) was an act passed by Parliament in 1999 which replaced Foreign Exchange Regulation Act. The most important

More information

The new BPO payment term

The new BPO payment term The new BPO payment term Extending Supply Chain Finance to the PO level André Casterman Head of Corporate and Supply Chain Markets, SWIFT Member of the ing Executive Committee, ICC Co-Chair Obligation

More information

When Treasury Meets Trade Trade finance as a key working capital optimization tool.

When Treasury Meets Trade Trade finance as a key working capital optimization tool. FEBRUARY 2012 When Treasury Meets Trade Trade finance as a key working capital optimization tool. Chris Bozek, Managing Director, Head of Global Trade and Supply Chain Products, Bank of America Merrill

More information

Accounts Payable Trends & Best Practices May 19, 2011 Agenda Typical AP Challenges AP Automation Invoice Management B2B Payments Financial Supply Chain Q&A 2 Top Priorities CFO View Mitigate Risk 43% Forecast

More information

Supply Chain Finance Software Vendors: GT Nexus

Supply Chain Finance Software Vendors: GT Nexus Supply Chain Finance Software Vendors: GT Nexus 2013 Company Name. All rights reserved. Reproduction of this report by any means is strictly prohibited. TABLE OF CONTENTS WHY SUPPLY CHAIN FINANCE?... 4

More information

Nigel Taylor Head of e-invoicing Solutions, EMEA

Nigel Taylor Head of e-invoicing Solutions, EMEA The Basics of Electronic Invoicing Nigel Taylor Head of e-invoicing Solutions, EMEA Agenda The basics of electronic invoicing for buyers and sellers Compliance today and tomorrow Community enablement How

More information

Your Partner for European Payment Processing

Your Partner for European Payment Processing Your Partner for European Payment Processing A state-of-the-art platform built to support European diversity We believe that SEPA and domestic instruments will co-exist for some time, and both need to

More information

Renminbi (RMB) corporate and treasury services in London

Renminbi (RMB) corporate and treasury services in London Renminbi (RMB) corporate and treasury services in London City of London RENMINBI SERIES London offers an extensive range of RMB corporate banking services including: o Corporate accounts; o Term deposits;

More information

SBS - Schedule of charges

SBS - Schedule of charges Account charges Minimum balance required Fall below fee on breach of minimum balance Debit card issuance Debit card replacement Cheque book issuance Customized cheque book Fixed deposit (premature closure)

More information

Microsoft Dynamics AX 2012 Financial Management

Microsoft Dynamics AX 2012 Financial Management Microsoft Dynamics AX 2012 Financial Management Mohamed Aamer Chapter No. 3 "Functioning of Cash Flow Management" In this package, you will find: A Biography of the author of the book A preview chapter

More information

Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management

Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management A GT Nexus White Paper Executive Summary There is a renewal of interest in

More information

Accounts Current account minimum monthly average balance

Accounts Current account minimum monthly average balance Schedule of Charges Accounts Current account minimum monthly average balance Call deposit minimum monthly average balance AED 100,000 or equivalent, by arrangement for customers with facilities AED 250,000

More information

Straight2Bank Invoice Finance

Straight2Bank Invoice Finance Straight2Bank Invoice Finance Client User Guide Import & Export Invoice Finance Version April 2015 Overview This guide contains information which will help users navigate and familiarise with the functions

More information

I. Details of bottlenecks in the management of trade receivables and liabilities before TSU:

I. Details of bottlenecks in the management of trade receivables and liabilities before TSU: Standardised confirmation of receivables: TSU a new (bank) solution with plenty of potential By Herbert Broens, Head of Export Department Bayer AG Contact: Herbert.broens@bayer-ag.de or Herbert.broens@t-online.de

More information

Office of Contracting & Procurement and Support Service Center Desk Reference

Office of Contracting & Procurement and Support Service Center Desk Reference Oracle PeopleSoft Enterprise I m in. DETROIT PUBLIC SCHOOLS Office of Contracting & Procurement and Support Service Center Desk Reference Created by the Division of Finance Office of Strategic Management

More information

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED INTEGRATED BANKING SOLUTIONS. DATE: 09 Feb 2011

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED INTEGRATED BANKING SOLUTIONS. DATE: 09 Feb 2011 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED INTEGRATED BANKING SOLUTIONS DATE: 09 Feb 2011 Coverage HSBC India Overview Section 1 Corporate Banking Solutions Factoring and Open Account Finance

More information

Paymode-X: Your Best Option for Order-to-Pay Automation

Paymode-X: Your Best Option for Order-to-Pay Automation Paymode-X: The Largest Business-to-Business Payments and Invoicing Network Paymode-X: Your Best Option for Order-to-Pay Automation Why Automate Your Order-to-Pay Process? Order-to-Pay automation frees

More information

Adding Value in Corporate Trade and Supply Chain Finance

Adding Value in Corporate Trade and Supply Chain Finance Adding Value in Corporate Trade and Supply Chain Finance Kyrgyzstan Trade Market Major Exports US$2.294BN (2012 est) Gold, Cotton, Wool, Garments, Meat, Tobacco; Mercury, Uranium, Hydropower; Machinery;

More information

Commonwealth Bank Australian Grains Conference

Commonwealth Bank Australian Grains Conference Commonwealth Bank Australian Grains Conference Steve Scott Head of Trade and Working Capital Finance Agricultural Commodities 31 July 2013 Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian

More information

Enterprise Systems: From Supply Chains to ERP to CRM

Enterprise Systems: From Supply Chains to ERP to CRM Enterprise Systems: From Supply Chains to ERP to CRM Management Information Code: 164292-02 Course: Management Information Period: Autumn 2013 Professor: Sync Sangwon Lee, Ph. D D. of Information & Electronic

More information

Introduction to the contractual aspects of the BPO

Introduction to the contractual aspects of the BPO Introduction to the contractual aspects of the BPO August 2014 SWIFT s Corporate and Supply Chain team supplychain@swift.com Agenda BPO impacts on contracts Corporate-to-corporate space Corporate-to-bank

More information

TARIFF AND CHARGES CORPORATE BANKING HSBC KUWAIT

TARIFF AND CHARGES CORPORATE BANKING HSBC KUWAIT TARIFF AND CHARGES CORPORATE BANKING HSBC KUWAIT HSBC Bank Middle East Limited, Kuwait Introduction HSBC Services Account Services Cheques Payments Imports Exports Factoring Guarantees Custody and Clearing

More information

Global Transaction Services

Global Transaction Services 0 Global Transaction Services Cash Management Trade Services and Finance Securities Services Fund Services Unlocking the Benefits of Export Letters of Credit Phyllis Kai-Kee Director/Global Product Manager

More information

SWIFT e-invoicing consultation

SWIFT e-invoicing consultation SWIFT e-invoicing consultation October 2008 Legal Notices Copyright SWIFT 2008. All rights reserved. You may copy this publication within your organisation. Any such copy must include these legal notices.

More information

Get ahead of the curve in global trade finance

Get ahead of the curve in global trade finance Get ahead of the curve in global trade finance When your customer says, I want my bank to Can your bank meet the need? We have the ability to turn to CGI and ask them to modify the solution or to roll

More information

Content and Convergence The future of B2B payments

Content and Convergence The future of B2B payments Content and Convergence The future of B2B payments Content and Convergence: The Future of B2B Payments Business-to-business payment-related services have been and continue to be a key revenue generator

More information

Procure-to-Pay Best Practices

Procure-to-Pay Best Practices ITFMA Conference Procure-to-Pay Best Practices Integrating P2P Best Practices with Technology Chris Evanoff: Principal, Soltec, Inc. 1 Presentation Outline Introduction and Background Procure-to-Pay Cycle

More information

A new start for Supply Chain Finance

A new start for Supply Chain Finance White Paper The Payment Obligation: a new payment term to secure and finance trade A new start for Supply Chain Finance In Q2 2013, the banking industry releases a unique set of legal and technology standards

More information

Straight2Bank Payments Initiation User Guide

Straight2Bank Payments Initiation User Guide Straight2Bank Payments Initiation User Guide Last Updated: June 2014 Table of Contents PURPOSE... 4 1. OVERVIEW OF PAYMENT SERVICES ON STRAIGHT2BANK... 5 2. MAKING PAYMENTS ON STRAIGHT2BANK... 7 3. USING

More information

ABARIS PHARMA MANUFACTURING ERP SOFTWARE

ABARIS PHARMA MANUFACTURING ERP SOFTWARE ABARIS SOFTECH PVT. LTD. Add: C-159, Opp. Fortis Escorts Hospital, Okhla, New Delhi-110025 Call:+91-8130764787, +91-9045088843 FAX: +91-11-43027861 Web: www.abaris.in, www.hcmerp.com ABARIS PHARMA MANUFACTURING

More information

Contact details and instructions for trade transactions.

Contact details and instructions for trade transactions. Contact details and instructions for trade transactions. Rabobank Nederland - Trade Services Contact details Delivery trade transactions For new transactions please use the online transaction service Rabo

More information

ACI Operations Certificate (010) Sample Questions

ACI Operations Certificate (010) Sample Questions ACI Operations Certificate (010) Sample Questions Setting the benchmark in certifying the financial industry globally 8 Rue du Mail, 75002 Paris - France T: +33 1 42975115 - F: +33 1 42975116 - www.aciforex.org

More information

GENERAL CONDITIONS APPLICABLE TO BUSINESS TRANSACTIONS WITH CORRESPONDENT BANKS

GENERAL CONDITIONS APPLICABLE TO BUSINESS TRANSACTIONS WITH CORRESPONDENT BANKS GENERAL CONDITIONS APPLICABLE TO BUSINESS TRANSACTIONS WITH CORRESPONDENT BANKS June 2006 1 CURRENT ACCOUNTS This general information applies to the Euro Clearing Service supplied by our Global Transactional

More information

Today, the Cisco Enterprise B2B team has created automated and standardized processes in the following areas:

Today, the Cisco Enterprise B2B team has created automated and standardized processes in the following areas: How Cisco Enables Electronic Interactions with Sales, Manufacturing, and Service Partners Business-to-business drives productivity, growth, and an improved customer experience. Cisco IT Case Study/Business

More information

Trade Services Utility (TSU) Bank Payment Obligation (BPO)

Trade Services Utility (TSU) Bank Payment Obligation (BPO) Trade Services Utility () Bank Payment Obligation (BPO) Case Study First Forfaiting on /BPO in the world Vale International S.A. The Bank of Tokyo-Mitsubishi UFJ, Ltd. SWIFT Vale s Challenges and Benefits

More information

The of ETRM. The Value of. Risk Management. www.allegrodev.com. The Value of ETRM Systems. 2012 Allegro Development Corporation. All rights reserved.

The of ETRM. The Value of. Risk Management. www.allegrodev.com. The Value of ETRM Systems. 2012 Allegro Development Corporation. All rights reserved. The Value of ETRM Systems The of The Value of Energy ETRM Trading & Risk Management Systems To maximize profitability and manage exposure, you want your team to have every advantage. This paper describes

More information

Southern California AFP Luncheon

Southern California AFP Luncheon Working Capital Unharness your Cash Flow Southern California AFP Luncheon Michael Diekmann Director, Bank of America Merrill Lynch October 10, 2014 Understanding Working Capital Working Capital... = Current

More information

IBM Financial Services Sector. IBM Payment Platform to face SEPA A flexible approach for a Smarter Bank

IBM Financial Services Sector. IBM Payment Platform to face SEPA A flexible approach for a Smarter Bank IBM Payment Platform to face SEPA A flexible approach for a Smarter Bank Market Forces Driving the Payments Industry to Transform Economic Pressures Increasing pressures on fees Margins being squeezed

More information

ASSET AND INVESTMENT MANAGER (AIM) A Bloomberg Trading Solutions Offering AIM OPERATIONS AUTOMATE THE POST-TRADE PROCESS

ASSET AND INVESTMENT MANAGER (AIM) A Bloomberg Trading Solutions Offering AIM OPERATIONS AUTOMATE THE POST-TRADE PROCESS A Bloomberg Trading Solutions Offering ASSET AND INVESTMENT MANAGER (AIM) AIM OPERATIONS AUTOMATE THE POST-TRADE PROCESS Bloomberg AIM Operations Investment managers frequently operate dispa rate and costly

More information

Expert Tips for Setting Up a Payment Factory in SAP

Expert Tips for Setting Up a Payment Factory in SAP Expert Tips for Setting Up a Payment Factory in SAP Searching for an optimal solution A Global Chemical Company Gert Jan Brillenburg Wurth Commercial Director Benelux & UK, Hanse Orga International BV

More information

Improving Small Business Payments Processing

Improving Small Business Payments Processing Improving Small Business Payments Processing ASBDC State Directors Conference March 19, 2012 Claudia Swendseid Senior Vice President Federal Reserve Bank of Minneapolis 2012 Federal Reserve Bank of Minneapolis.

More information

Vendor Managed Inventory Strategies

Vendor Managed Inventory Strategies Vendor Managed Inventory Strategies Summary Results 2015 Program Overview Between February and March of 2015, Gatepoint Research invited selected supply chain, logistics and operations executives to participate

More information

global trade management

global trade management whitepaper global trade management Improve Working Capital & Streamline Global Trade WHITEPAPER Global trade management 2 about Economies of the world are becoming increasingly global in nature. This is

More information

Diagnostic. Short term finance constraints in Turkey

Diagnostic. Short term finance constraints in Turkey Diagnostic Short term finance constraints in Turkey Short term finance instruments and methods Banks have long provided trade finance and working capital services processing information, managing documents,

More information

Accounting for Merchandising Companies: Journal Entries

Accounting for Merchandising Companies: Journal Entries PrinciplesofAccounting HelpLesson #4 Accounting for Merchandising Companies: Journal Entries By Laurie L. Swanson Merchandising Company A merchandising business is one that buys and sells goods in order

More information

SWIFT for Corporates: Making the Business Case

SWIFT for Corporates: Making the Business Case SWIFT for Corporates: Making the Business Case Vince Bahl, Vice President of Systems Engineering Bottomline Technologies David Levine, Director of Product Marketing Bottomline Technologies 2 Access to

More information

SWIFT supporting the corporate market

SWIFT supporting the corporate market SWIFT supporting the corporate market Elie Lasker SWIFT Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February Slide 1 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris,

More information

A new start for Supply Chain Finance

A new start for Supply Chain Finance White Paper The Payment Obligation: a new payment term to secure and finance trade A new start for Supply Chain Finance Contents Industry standards are a critical foundation for any competitive eco-system...

More information

Banking Facilities For Pharma Industry. Ramana Murty Malla 20 th Sept14

Banking Facilities For Pharma Industry. Ramana Murty Malla 20 th Sept14 Banking Facilities For Pharma Industry Ramana Murty Malla 20 th Sept14 Agenda Indian Pharma Sector Update Treasurer / CFO Objectives Cash Management Products Trade Finance products Short term and Long

More information

SAP Business One. General Ledger Transactions Generated from Order to Invoice. ESAP SAP Business One Online University www.esapuniversity.

SAP Business One. General Ledger Transactions Generated from Order to Invoice. ESAP SAP Business One Online University www.esapuniversity. SAP Business One General Ledger Transactions Generated from Order to Invoice ESAP SAP Business One Online University www.esapuniversity.com Table of Contents Introduction... 3 Purpose of this document...

More information

NATIONAL DEVELOPMENT BANK PLC

NATIONAL DEVELOPMENT BANK PLC NATIONAL DEVELOPMENT BANK PLC TARIFF BOOKLET Revised May 2014 Product Development & Management Unit THE RATES AND CHARGES CONTAINED HEREIN ARE SUBJECT TO CHANGE Contents General Information... 3 1. CURRENT

More information

Accounts Payable Business Case. The Benefits of Accounts Payable Integration with PayCargo

Accounts Payable Business Case. The Benefits of Accounts Payable Integration with PayCargo Accounts Payable Business Case The Benefits of Accounts Payable Integration with PayCargo How to Use this Presentation This presentation will be invaluable to those who seek to articulate the benefits

More information

RAKfinance. Liability Certificate AED 500. Loan Statement Charges AED 500. Part Settlement of Loan

RAKfinance. Liability Certificate AED 500. Loan Statement Charges AED 500. Part Settlement of Loan RAKfinance Service and Price Guide with effect from 05-08-2015 Loan Processing Fee 2.50% of the loan amount* Liability Certificate AED 500 Loan Statement Charges AED 500 Early Settlement of Loan Business

More information

Citi s Capability for SWIFT MT798

Citi s Capability for SWIFT MT798 Citi s Capability for SWIFT MT798 Frequently Asked Questions Transaction Treasury and Services Trade Solutions 2 Treasury and Trade Solutions What is the MT798? SWIFT s Trade for Corporates, the MT798,

More information

It all Starts with the Invoice

It all Starts with the Invoice It all Starts with the Invoice Speakers Mel Steals Director of Invoice Automation Solutions PNC Bank Amy Rush Shared Services Controller Courtney Caton Finance Manager Westmoreland Coal Company 1 Agenda

More information

WHAT S NEW IN SAGE 100 2015. Colleen A. Gutirrez, Senior Consultant II, BKD Technologies

WHAT S NEW IN SAGE 100 2015. Colleen A. Gutirrez, Senior Consultant II, BKD Technologies WHAT S NEW IN SAGE 100 2015 Colleen A. Gutirrez, Senior Consultant II, BKD Technologies WELCOME/INTRODUCTIONS Colleen Gutirrez 19 years of experience in technology consulting Primarily distribution & manufacturing

More information

ERP For Small & Medium Enterprises. The most effective and efficient way to run your business. Version 2.0

ERP For Small & Medium Enterprises. The most effective and efficient way to run your business. Version 2.0 ERP For Small & Medium Enterprises The most effective and efficient way to run your business. Version 2.0 AUTOMAT ERP - INTRODUCTION A SIMPLE YET COMPREHENSIVE BUSINESS TOOL FOR SMALL AND MEDIUM ENTERPRISES

More information

SWIFT for high-value payment market infrastructures. End-to-end solutions for payment clearing and settlement

SWIFT for high-value payment market infrastructures. End-to-end solutions for payment clearing and settlement SWIFT for high-value payment market infrastructures End-to-end solutions for payment clearing and settlement 1 Table of contents Introduction 03 03 Executive Summary 04 04 Evolving demand 05 05 SWIFT s

More information

Trade Services Service & Price Guide

Trade Services Service & Price Guide Trade Services Service & Price Guide Version1: April-2014 Standard pricing applicable for Trade Services (applicable for Wholesale Banking / Transaction Banking / SME & Consumer Banking Clients of Standard

More information

Innovative Trade Finance Solutions for SMEs

Innovative Trade Finance Solutions for SMEs Innovative Trade Finance Solutions for SMEs Murali Subramanian EVP, Transaction Banking Head 20 th April 2011 Overview of ADCB Incorporated in 1985 following a merger of 3 banks Owned 64.8% by Government

More information