Trade Services Utility (TSU) Bank Payment Obligation (BPO)
|
|
- Amy Norris
- 8 years ago
- Views:
Transcription
1 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
2 Vale s Challenges and Benefits Company Profile 2012 Revenues of USD 46.5 billion Main product Iron ore (68.2%) Approximately 100 clients worldwide (Iron Ore) Main market is China (34%) Challenges Competitive commodities market requires a secure and cheaper alternative to L/Cs L/Cs at sight for USD 18 billion with Chinese clients DSO (Days Sales Outstanding) is between 25 and 30 days Key Benefits Reduce the DSO by approx. 10 days (including internal processes efficiency gains) with a financial gain over USD 37 million/year Freeing up Working Capital USD 600 million Reduce costs for customers Reduce document delivery costs Reduce the risk of discrepancies Improve access to Trade Financing products to our customers Reduced environmental impact - reducing paper usage in extra copies of the shipping documents for the banks 2
3 BTMU s Challenges and Benefits BTMU s Strengths Largest global network of any Japanese financial group Strong credit rating Pioneer for the /BPO business in Japan and across Asia Winning new clients in new markets: BTMU can offer -based services as a new non-traditional trade settlement service New opportunity to provide trade & supply chain finance services Challenges Maintain the trade business Provide a new range of solutions to service the open account market Provide more process efficiency, but without losing the business information Key Benefits Open door to new business opportunities Provide quicker Account Receivable / Payable Provide easier and faster operations Meet the market requirement for banks to collaborate more on risk and client on-boarding No original documents handling, no paper checking. Automated solutions Better efficiency in operation. Easier and faster operation for banks Reduce costs of document handling Reduce costs for skilled human resources 3
4 Case Study : First FFT on /BPO in the world In July 2013, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) arranged a new /BPO settlement service with Vale International S.A. (Vale) BTMU is the first bank in the world to provide Forfaiting (FFT) on /BPO: upon seller s request, the bank purchases an export receivable (Open Account) with BPO at a discount with no recourse to the seller BTMU Singapore branch executed FFT on the same day of /BPO data matching with BTMU Bangkok branch through system, which was all completed on the same day Vale presented the dataset information Vale saved approx. 10 days and gained from increased safety, operational streamlining & cost reduction Normal L/C FFT FFT on /BPO 1 Sales contract Supplier (Exporter) 4 Export goods Buyer (Importer) 3 Notice of L/C opening 5 Export doc 7 Assignment of A/R (NR: Non-Recourse) 8 Discounted payment (Principal interest) 9 Settlement of fund on due date 2 L/C application LC Advising Bank (Exporter s BK) 6 Notice of acceptance 5 L/C Issuing Bank (Importer s BK) 3 L/C open 1 Purchase Order (P/O) Vale Int l (Exporter) Buyer (Importer) 4 Export goods & Dispatch shipping doc (Original) 2 P/O data 4 Shipping data 8 Assignment of A/R (NR) (After data matching) 9 Discounted payment (Principal interest) 10 Settlement of fund on due date 7 Notify matching result 2 P/O data BTMU SGP system 3 Input P/O data BTMU BKK 3 Check P/O data 5 Input shipping data 6 Notify matching result 4
5 Key Features of FFT on /BPO Subject Main function FFT Trigger Type of risk to mitigate Type of BPO Obligation Documents Rules Fees Remarks Description Importer s Bank guarantees the payment of the importer Exporter s Bank purchases export receivable (Open Account) with BPO at discount, non-recourse to the seller (exporter), upon seller s request Successful data matching on SWIFT system according to the baseline agreed between all the parties Buyer s credit risk and insufficient fund risk, payment delay risk Primary Obligation Originals are exchanged between importer and exporter ICC URBPO (Uniform Rules for Bank Payment Obligation) Similar as L/C FFT Wording of BPO is mentioned in P/O as the payment method for settlement safety 5
6 2nd Stage 1st Stage BTMU s Set-up for Live Usage 1 st Stage: BTMU makes presentation to Vale and Vale expresses interest 2 nd Stage: BTMU and Vale co-work to ask importers to introduce /BPO 1 Brazil, SGP Tokyo BKK Tokyo Importer Presentation to Vale 2 Internal Discussion 3 Soft Working Mandate 4 Discuss Appropriate Transaction for shifting /BPO 5 6 Instruction to make presentation to importer Presentation Discussion between Exporter and Importer supported by BTMU 8 7 Internal Discussion /BPO Contract 10 /BPO Contract 9 6
7 Contracts and URBPO Buyer Purchase order: BPO is one option of payment conditions Seller / Exporter Payment Service Agreement BPO Agreement Payment Service Agreement BPO Agreement Buyer s bank In Thailand Seller s bank in Singapore No additional bilateral agreement is required URBPO adopted by ICC Correspondent banking contract 7
8 BTMU s Global /BPO Network BTMU Locations Offering /BPO (As of July2013) Live Ready Testing Beijing Guangzhou Shanghai Tokyo Hong Kong Bangkok Kuala Lumpur Taipei Manila Jakarta Singapore Santiago Sao Paulo Buenos Aires Sydney 8
9 Why /BPO now? Increasing & diversifying trade with emerging countries Increasing trade risk & workload of trade operation Sophistication of trade control demands (Operational streamlining, Safety and early settlement, Cost reduction ) Importer Demands Reduce number of L/C transactions Accelerate A/R reconciliation Reduce settlement period to support suppliers working capital needs Use a trade portal with end-to-end service To improve visibility and traceability on trade control Exporter Demands Reduce number of L/C transactions Reduce costs related to L/C (e.f. discrepancy fees) Reduce document handling operations for D/A and for export bills for collection Use a trade portal with end-to-end service To improve visibility and traceability on trade control 9
10 Customers Benefit #1 #1 : Operational Streamlining Importers Benefit Easy procedure for BPO issuing Reduce operational burden of treating complicated L/C and trade documents Smooth reconciliation of payment & A/P (Account Payable) through prompt import data receipt Increase possibility of earlier taking import goods Increase chance of enhancing better relationship with exporter by diversifying settlement method Exporters Benefit Decrease shipping documents presented to banks in traditional documentary settlement Reduce operational burden of creating draft and shipping documents Reduce discrepancy workload The bank bears responsibility for any oversights Reduce workload and operation time for documents checking Mitigate risk of importer cancelling order or changing order 10
11 Customers Benefit #2 #2 : Safety and Early Settlement Importers Benefit Safer than open account payment Improve traceability (Importer could make payment after confirming import goods data) Decrease discrepancies arose from importers operation for early L/C issuing Early Settlement (Importer could issue BPO just after having P/O with exporter on settlement) Exporters Benefit Increase possibility of early fund collection Improve traceability (Exporter could ask importer clearly to execute payment after confirming data matching or acceptance of data mismatching by importer) Speedy settlement by decreasing discrepancies (Data matching point is limited on in compare with traditional documents checking) In case of BPO, the credit risk is transferred from importer to the obligor bank 11
12 Customers Benefit #3 #3 : Cost Reduction Importers Benefit Decrease inter-office cost through import operational streamlining Increase possibility to decrease banking charge (e.f. L/G, T/R) to receive import goods Importer could have chance to negotiate better terms and conditions through early settlement Decrease import financing cost by effective usage of import credit facility Exporters Benefit Decrease inter-office cost through export operational streamlining Reducing the DSO (Days Sales Outstanding) and freeing up working capital through early fund collection Chance to decrease various banking charge like discrepancy fee, L/C advising charge, postage etc Reduce finance cost by using BPO related trade financing 12
13 BTMU operational flows for the /BPO IMPORTER IMPORT BANK EXPORT BANK EXPORTER P/O Copy 2 1 Data Data Input on Input BPO issuance operation (utlize LC framework) BPO MATCHING 3 Data Data resubmission on Input P/O Copy (Contract Info) Matched Contract Data (Contract Info) BPO Advice Original documents to be sent directly from Exporter to Importer Shipment 4 Data Input for Bills Bought Ship Doc Copies Shipping Document Ship Doc Originals 7 Arrival Notice 6 Operation for Settlement of Import B/R (Shipping Info) Operation for B/R (Bills for receivable) Arrival 8 BPO balance deduct Operation MATCHING Payment/ settlement Match/ Accept (Shipping Info) 5 9 Operation for Bills Bought (withbpo) Operation for settlment of Bills Bought Receive Funds 13
14 Comparing the Flows Flow chart of A/S L/C Flow chart of Importer Import Bank Export Bank Exporter IMPORTER Importer's Bank Exporter's Bank EXPORTER Trade Contract Purchase Order Trade Contract Trade Contract Purchase Order Trade Contract Prepare LC LC Apply LC Appl Send MT70X SWIFT Receive MT70X LC ADV. LC ADVICE Ship Arrangement P/O Copy Notice Data Input (Contract Info) MATCHING Data Input (Contract Info) Notice P/O Copy Applicatio n Order for settlement Imp Doc Arrival Imp Doc Receive Imp Arrival Advice Document Delivery Doc Checking Settlement Operation Imp Doc Release Receive Import Doc Send MT40X & 20X Dispatch Export Doc ReceiveM T40X & 20X Doc Checking Receive Payment B/C Appl Credit BL&INV Credit for Bills for Collection Prepare Ship Doc Present Ship Doc Arrival Notice Automatic Payment (Import Settlement without L/C) (Shipping Info) Settlement Operation Matched Contract Data MATCHING Data Input (Shipping Info) Operation for Receiving the Payment B/C Notice Ship Doc Copy Shipment Shipping Document Present Copy Receive Payment Vale saved approx. 10 days and gained from increased safety, operational streamlining & cost reduction 14
15 Disclaimer The information herein is provided for information purposes only, and is not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. Neither this nor any other communication prepared by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (collectively with its various offices and affiliates, "BTMU") is or should be construed as investment advice, a recommendation to enter into a particular transaction or pursue a particular strategy, or any statement as to the likelihood that a particular transaction or strategy will be effective in light of your business objectives or operations. Before entering into any particular transaction, you are advised to obtain such independent financial, legal, accounting and other advice as may be appropriate under the circumstances. In any event, any decision to enter into a transaction will be yours alone, not based on information prepared or provided by BTMU. BTMU hereby disclaims any responsibility to you concerning the characterization or identification of terms, conditions, and legal or accounting or other issues or risks that may arise in connection with any particular transaction or business strategy. Note that BTMU may have issued, and may in the future issue, other reports that are inconsistent with or that reach conclusions different from the information set forth herein. Such other reports, if any, reflect the different assumptions, views and/or analytical methods of the advisors who prepared them, and BTMU is under no obligation to ensure that such other reports are brought to your attention. The Bank retains copyright to this report and no part of this report may be reproduced or re distributed without the written permission of the Bank. The Bank expressly prohibits the distribution or re-distribution of this report to any parties, via the Internet or otherwise and the Bank, its head office, branches, subsidiaries or affiliates accepts no liability whatsoever to any third parties resulting from such distribution or re-distribution. 15
TSU/BPO: Is paper still essential for Trade transactions?
/BPO: Is paper still essential for Trade transactions? SIBOS Boston - October 1, 2014 Daisuke Kamai Head of e-trade Product, Transaction Banking Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Copyright
More informationOptimizing 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 informationBANK 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 informationEnhancing 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 informationInternational Sales Finance Solutions
International Sales Finance Solutions Global Transaction Services Cash Management Trade Services and Finance Securities Services Fund Services International Sales Finance Solutions Financing Tools to Support
More informationEngaging 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 informationBank Payment Obligations (BPOs) Basics for Corporates
Bank Payment Obligations (BPOs) Basics for Corporates What you need to know in order to start replacing Standby Letters of Credit and/or Documentary Letters of Credit (LCs) with the BPO or BPO-Plus process
More informationThe 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 informationThe World of (International)Factoring
The World of (International)Factoring Facts & Figures Different Products The Two-Factor System The Role of IFG Erik Timmermans Secretary General IFG 1 Evolution of World Factoring Turnover 1980 : +/- 50
More informationBAFT-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 informationACI 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 informationSUPPLY 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 informationA 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 informationGlobal Transaction Services
Global Transaction Services Cash Management Trade Services and Finance Securities and Fund Services Maximizing the Benefits of Export Letters of Credit: A Risk Mitigation Tool William E. Morrissey Director
More informationChina COSCO Holdings Company Limited *
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationCiti Supplier Finance
Treasury & Trade Solutions North America Trade Finance Citi Supplier Finance Supplier Finance Program for UTC Suppliers The Solution UTC and Citi have entered into a partnership that enables preferred
More informationShift 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 informationCHINA SHIPPING DEVELOPMENT COMPANY LIMITED
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationSupply 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 informationSupply Chain Finance for Corporates
Finance for Corporates Webinar for Experts Extending your Trade Finance options using BPO Webinar, 29 June 2012 Join Teleconference (Phone) Click Country/Region to select country code Complete phone number
More informationSupply 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 informationBack To Back Documentary Credits. Revolving Documentary Credits. Amendments to Documentary Credit
Trade Products tariff effective 1 st November 2015 IMPORTS Irrevocable Documentary Letter of Credit (LC) - Issuance LC issuance commission for normal Irrevocable LCs Standby Documentary Credits Standby
More informationPresentation of The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Presentation of The Bank of Tokyo-Mitsubishi UFJ, Ltd. Financial Highlights Apr. 1996 : The Bank of Tokyo-Mitsubishi, Ltd ( BTM ) was established from the merger of Mitsubishi Bank and Bank of Tokyo. Oct.
More informationIntroduction 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 informationGXS Active. Orders. Optimizing the Procure-to-Pay Process. Order Planning and Execution. Order Lifecycle Management. www.gxs.com
www.gxs.com SM GXS Active Orders Optimizing the Procure-to-Pay Process GXS Active Orders automates the procure-to-pay process for companies interacting with a global and diverse supplier community. Active
More informationFrequently Asked Questions Trade Services
Frequently Asked Questions Trade Services IMPORT LETTER OF CREDIT What are the various forms of Import Services? (Payment instruments) in International Trade? There are two main options: Letter of Credit
More informationFORFAITING. A useful tool in Trade Finance
1. What is Forfaiting? 2. Which instruments are eligible for forfaiting? 3. Why does the Exporter like the forfaiting tool? 4. What is the advantage for the Importer? 5. Any advantage for the Importers
More informationTrade 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 informationglobal 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 informationPartnership for Global Reach Trade Products Brochure
I I Partnership for Global Reach Trade Products Brochure I I INTRODUCTION Whether you are a buyer or seller of goods or services, we at Hong Leong Bank, with our extensive network of agent banks worldwide
More informationIndian E-Retail Congress 2013
The Retail Track The Omni Channel Retail Supply Chain Indian E-Retail Congress 2013 Subhendu Roy Principal Consumer Industries and Retail Practice 15 February, 2013 Disclaimer This document is exclusively
More informationPricing Guide 2014 Vietnam
5 Transaction Banking Pricing Guide 2014 Applicable for Corporate & Institutional Clients Effective from May 15, 2014 Contents Cash Management: Account Services 2 Cash Management: Payments 5 Cash Management:
More informationBill Discounting. Exporter. Importer BANKING AND TRADE FINANCE TUTORIAL. Importer s Bank. Exporters Bank INDIA FOREX ADVISORS.
Bill Discounting While discounting a bill, the Bank purchases the bill receivable to the Exporter (i.e. Bill of Exchange or Promissory Note) before its due date and credits the value of the bill to the
More informationKE Forex Product Term Sheet
KE Forex Product Term Sheet ** Please note that Page 1-5 is for your reference, and only Page 7 is required to be completed and returned. What is leveraged trading in Forex (Foreign Exchange) Contracts?
More informationMMG LIMITED 五 礦 資 源 有 限 公 司
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationGXS Active. Orders. Optimising the Procure-to-Pay Process. Order Planning and Execution. Order Lifecycle Management. www.gxs.co.uk
www.gxs.co.uk SM GXS Active Orders Optimising the Procure-to-Pay Process GXS Active Orders automates the procure-to-pay process for companies interacting with a global and diverse supplier community. Active
More informationTrends and Technology A Capital Markets Perspective
EQUITY I RESEARCH Trends and Technology A Capital Markets Perspective RBC Capital Markets, LLC Jonathan Atkin (Analyst) (415) 633-8589 jonathan.atkin@rbccm.com January 2013 All values in U.S. dollars unless
More informationFactoring is emerging as a short-term financial solution for business The role of FCI
Factoring is emerging as a short-term financial solution for business The role of FCI Daniela Bonzanini Chairman of Factor Chain International Torino, 10 June 2015 1 Factoring Spreading its Wings! GLOBAL
More informationPricing Guide from Regulators
Pricing Guide from Regulators Version 2013-09 Z1 RMB Account Service Trade Service Rate Min. Max. Z3 Rate Min. Max. Z1.1 Outward Remittance Z3.1 Draft Z1.1.1 Via HVPS - - Handling Fee: Amount
More informationISO20022 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 informationHow To Make Money From An Open Account
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 informationWant to start or grow your import/export business? Learn how from industry experts. View our training schedule. International Payment Methods
Want to start or grow your import/export business? Learn how from industry experts. View our training schedule International Payment Methods As the globe is becoming smaller and international trade is
More informationWe are Commerzbank Financial Institutions
We are Commerzbank Financial Institutions A team of highly qualified professionals, convincing worldwide through commitment and excellence. Advanced Markets CEE, Russia, CIS, Baltics Asia Middle East FI
More informationFlashcards for Chapter 6 Introduction to Working Capital Management [ ]
Flashcards for Chapter 6 Introduction to Working Capital Management [ ] [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract
More informationBuilding an Asian Transaction Banking Franchise
Building an Asian Transaction Banking Franchise Tom McCabe Global Head, GTS September 2012 Disclaimer: The information contained in this document is intended only for use during the presentation and should
More informationTrade Finance & Liquidity Management. - 5 May 2010 -
Trade Finance & Liquidity Management - 5 May 2010 - Agenda Trade Finance Concepts & Trends SWIFT Trade Finance Offering BIS Solutions in the Trade Space Managing Liquidity BIS Solutions on Liquidity Mgt.
More informationSBS - 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 informationInfor LN Financials User Guide for Accounts Receivable
Infor LN Financials User Guide for Accounts Receivable Copyright 2015 Infor Important Notices The material contained in this publication (including any supplementary information) constitutes and contains
More informationMSCI Core Infrastructure Indexes Methodology
Index Methodology MSCI Core Infrastructure Indexes Methodology January 2015 msci.com Contents 1 Introduction... 3 2 Constructing MSCI Core Infrastructure Indexes... 3 2.1 Country and Constituent Selection...
More informationImprove Business Efficiency by Automating Intercompany Transactions
SAP Brief SAP s for Small Businesses and Midsize Companies SAP Business One Objectives Improve Business Efficiency by Automating Intercompany Transactions Streamlined intercompany transactions and integration
More informationOVERSEAS TRADE FINANCE ( OTF )
OVERSEAS TRADE FINANCE ( OTF ) Port to Port Trade Finance Trade Finance Equity Trade Finance Report 3 Port to Port Trade Finance Trade Finance Equity Overseas Trade Finance specialise in sourcing trade
More informationReducing 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 informationRAKfinance. 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 informationExport Transactions. Finance and Risk
Export Transactions Finance and Risk Table of Contents Export Finance Export Finance Methods Pre-Export Export Finance Methods Post-Export Structured Commodity Finance Export Risk Forms of Export Risk
More informationCorporate and Investment Banking. Open Account Trade Finance Solutions
Corporate and Investment Banking Open Account Trade Finance Solutions Open Account Trade Finance Solutions Standard Bank your trade partner in, for and across Africa Open Account Trade Finance Solutions
More informationMANAGING CREDIT RISK IN A VOLATILE MARKETPLACE
Export Forum 2015 October 14, 2015 MANAGING CREDIT RISK IN A VOLATILE MARKETPLACE Presented by: George Babeu, President One Source Risk Management and Funding, Inc. WHAT WE WILL DISCUSS Today s volatile
More informationKofax TotalAgility Accounts Payable Automation
Kofax TotalAgility Accounts Payable Automation Table of Contents CONTACT KOFAX AMERICAS Kofax, Inc. 15211 Laguna Canyon Road Irvine, CA 92618-3146 +1 949 783 1333 contactme@kofax.com EUROPE Kofax UK Ltd.
More informationDefine your goals, we ll do the rest
SUB-FUNDS OF GOLDMAN SACHS FUNDS, SICAV Define your goals, we ll do the rest The GS Wealthbuilder Multi-Asset Portfolios can help you achieve your goals, whether you are looking to preserve, enhance or
More informationCorporate Payables via Virtual Credit Card
TREASURY MANAGEMENT Corporate Payables via Virtual Credit Card Presenter: Dan Trbovic Index 1 Industry Evolution 2 Virtual Card Technology 3 Supplier Enrollment 2 Industry Evolution 3 Card Payments: The
More informationWELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc.
WELCOME! Introduction Celebrating Ethe Factor Network establishment of &PrimeRevenue PrimeRevenue Hong Kong 2012 PrimeRevenue, Inc. Global Reach Today, we transact business in 50 countries Our platform
More informationA Simple Approach to Business Loans and Cash Management
A Simple Approach to Business Loans and Cash Management Christine Ho Vice President SME Banking 11 February 2009 Operating Cycle Liquidity Liquidity Management Management Working Capital Working Capital
More informationEASTSPRING INVESTMENTS ASIA INVESTOR BEHAVIOUR STUDY 2015 INDONESIA. October 2015. eastspring.co.id
EASTSPRING INVESTMENTS ASIA INVESTOR BEHAVIOUR STUDY 2015 INDONESIA October 2015 eastspring.co.id 2 Asia Investor Behaviour Study 2015 - Indonesia Asia Investor Behaviour Study 2015 - Indonesia CONTENTS
More informationService Tariffs Guide
Service Tariffs Guide Subscribe in Al Ahly Murattabat programs & Enjoy numerous benefits and special offers Account Charges Current Accounts Opening an individual / joint account EGP 25 Cash loans Auto
More informationTHE GRANDE HOLDINGS LIMITED
The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever
More informationAchieving operational maturity
INTELLIMATCH Operational Control Achieving operational maturity Operational Maturity SunGard s IntelliMatch Operational Control solution suite helps financial institutions deploy enterprise matching and
More informationDebtor Management (Relevant to PBE Paper II Management Accounting and Finance)
Debtor Management (Relevant to PBE Paper II Management Accounting and Finance) Eric Y.W. Leung, CUHK Business School, The Chinese University of Hong Kong Accounts receivable forms quite a significant part
More informationINDUSTRIAL AND COMMERCIAL BANK OF CHINA ICBC: Your Global Portal to RMB Market. July 2012
ICBC: Your Global Portal to RMB Market July 2012 Content General Introduction Investment in RMB Services Solution 1 General Introduction to Renminbi (RMB) RMB Renminbi (commonly abbreviated as RMB) is
More informationCiti 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 informationGlobal 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 informationAVANTGARD. BPM for Deductions and Chargebacks
AVANTGARD BPM for Deductions and Chargebacks Business Process Management with Control and Auditing Many corporations struggle with the complications and process workflows around managing deductions and
More informationSupply chain finance provides Dutch buyers with 22 billion additional free cash flow
Supply Chain Finance ING Economics Department Supply chain finance provides Dutch buyers with 22 billion additional free cash flow This article determines the value to be gained by Dutch buyers and their
More information2011 Meridian Partners Limited. Meridian Partners Trade Financing
Meridian Partners Trade Financing About Us Meridian Partners provides you with the legal requirements of a registered office address in Hong Kong, a corporate secretary, telephone, fax and mailing services.
More informationEmirates NBD Trade Finance Tariff Effective 22.06.2011 IMPORTS
Emirates NBD Trade Finance Tariff Effective 22.06.2011 IMPORTS DC Issuance Commission Standard Irrevocable DC First AED 100,000 0.125 % per month(minimum 3 months) Remaining DC value 0.0625 % per month(minimum
More informationOptimizing Your Accounting Process with Electronic Invoicing. A GXS White Paper for the Active Business
Optimizing Your Accounting Process with Electronic Invoicing for the Active Business Competitive pressures continue to force companies worldwide to seek further cost efficiencies and to improve visibility
More informationGuide to importing and exporting
Guide to importing and exporting September 2011 Version 41 Table of contents Introduction 4 We have the solutions for your needs...4 Important Information...4 Getting started 5 What do I do first?...5
More informationBusiness Process Outsourcing
Business Process Outsourcing Outsourcing for Business Value Industry Overview Business Process Outsourcing (BPO) has evolved from its early days to become an accepted practice for organisations across
More informationINTERNATIONAL 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 informationA 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 informationBest Practices for Confirming Software Inventories in Software Asset Management
Research Publication Date: 24 August 2009 ID Number: G00167067 Best Practices for Confirming Software Inventories in Software Asset Management Peter Wesche, Jane B. Disbrow This research discusses the
More informationSITPRO. International Trade Guides. Financial. Methods of Payment in International Trade
SITPRO International Trade Guides Financial Methods of Payment in International Trade Methods of Payment in International Trade This guide explains the different methods of getting paid and the different
More informationDiagnostic. 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 informationFORFAITING IMPROVE YOUR CASH FLOW & MITIGATE RISK - WHILE OFFERING YOUR CUSTOMERS EXTENDED PAYMENT TERMS
Financing International Sales using Forfaiting Presented by Gregory Bernardi LFA FORFAITING IMPROVE YOUR CASH FLOW & MITIGATE RISK - WHILE OFFERING YOUR CUSTOMERS EXTENDED PAYMENT TERMS 1 FORFAITING AGENDA
More informationSouthern 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 informationTrade Payables Solutions
Trade Payables Solutions With GSCF, you can improve your working capital without compromising relationships in your supply chain. Our Trade Payable Solutions allow you to extend your DPO with your Suppliers;
More informationGo beyond trade finance automation
Trade Services Solution insight Go beyond trade finance automation End-to-end trade services to drive sales and boost margins Turn transaction efficiency into service leadership & product innovation How
More informationTransform Payables into Strategic Assets
SAP Brief Ariba s Financials s Objectives Transform Payables into Strategic Assets Transform payables to improve your company s balance sheet Transform payables to improve your company s balance sheet
More informationAccounts Payable Automation Benefits
w h i t e pa p e r Accounts Payable Automation Benefits Facts and best practices by leading analysts Purchase to Pay by Medius, Powered by ReadSoft Author: ReadSoft, August 2011 Edited: Medius, June 2012
More informationWorking Capital Improvement through Supplier Finance
Working Capital Improvement through Supplier Finance It s Not Just for Large Corporates Sean Corrigan Senior Vice President Head of Strategic Trade Solutions Wells Fargo International Trade Services 2015
More informationEXPORTER S SOUK EVENT FOUR SEASONS 4/23/2015 1
EXPORTER S SOUK EVENT FOUR SEASONS 4/23/2015 1 FACTORING Factoring is a financial transaction whereby a company sells its receivables to a Third Party (Factoring Company) at a discounted rate. Not a loan
More informationANZ TRANSACTIVE TRADE PAYABLES FINANCE BUYER USER GUIDE OCTOBER 2014
ANZ TRANSACTIVE TRADE PAYABLES FINANCE BUYER USER GUIDE OCTOBER 2014 DISCLAIMER Copyright Australia and New Zealand Banking Group Limited (ANZ) 100 Queen Street, Melbourne 3000, ABN 11 005 357 522. ANZ
More informationEXFLOW NAV BROCHURE INCREASE PRODUCTIVITY IN YOUR AP DEPARTMENT LEVERAGE YOUR DYNAMICS NAV INVESTMENT WITH INDUSTRY BEST PRACTICE AP AUTOMATION
EXFLOW NAV BROCHURE INCREASE PRODUCTIVITY IN YOUR AP DEPARTMENT LEVERAGE YOUR DYNAMICS NAV INVESTMENT WITH INDUSTRY BEST PRACTICE AP AUTOMATION What is ExFlow NAV? For whom? ExFlow NAV is an add-on module
More informationThis paper looks at current order-to-pay challenges. ECM for Order-to-Pay. Maximize Operational Excellence
J A N U A R Y 2 0 1 4 ECM for Order-to-Pay Maximize Operational Excellence This paper looks at current order-to-pay challenges and trends; what organizations should consider in an order-to-pay solution;
More informationDescription and Inclusion Rules of the CSFB High Yield Index
CREDIT SUISSE FIRST BOSTON CORPORATION Global Leveraged Finance Research High Yield Americas Analyst Industry May 3, 2001 Description and Inclusion Rules of the CSFB High Yield Index Sam DeRosa-Farag Managing
More informationHow 21 st century Purchasing- and Finance organizations leverage Business Networks for automation and business collaboration
How 21 st century Purchasing- and Finance organizations leverage Business Networks for automation and business collaboration Frank Bade, SAP SE September 10 th, 2015 2020 2.5 Billion connected people on
More informationSupply 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 informationHolistic 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 informationPayment Instructions Frequently Asked Questions. global
global Payment Instructions Frequently Asked Questions The following are some frequently asked questions about payment instructions. If you have additional queries or would like more information about
More informationCash, risk, trade execution, lifecycle management and accounting in a fully integrated treasury workflow
BLOOMBERG TREASURY & A Bloomberg Professional Service Offering Cash, risk, trade execution, lifecycle management and accounting in a fully integrated treasury workflow SEE THE COMPLETE PICTURE // 02 TRM
More informationIntroducing the Loan Pool Specific Factor in CreditManager
Technical Note Introducing the Loan Pool Specific Factor in CreditManager A New Tool for Decorrelating Loan Pools Driven by the Same Market Factor Attila Agod, András Bohák, Tamás Mátrai Attila.Agod@ Andras.Bohak@
More information