UKEF publishes its 2019-20 results and new Business Plan

UKEF publishes its 2019-20 results and new Business Plan. UK Government provided £4.4 billion in support for exporters across the country UK Export Finance (UKEF) has published its results for 2019 to 2020, revealing it provided £4.4 billion in support for UK exports, helping UK companies trade with 69 countries. UKEF supported 339 companies in 2019-20, up 29% on the previous year, with a sharp increase in companies in supply

Game-changing contract with UKEF

Teignbridge Propellers International, a word-leading manufacturer of propellers and stern gear, has won an export contract in Bangladesh worth more than £400,000 thanks to support from UK Export Finance, the UK’s export credit agency. The largest manufacturer of its kind in Europe, Teignbridge Propellers has seen phenomenal growth in the last 45 years, becoming a brand leader in propeller and propulsion equipment. Today, it exports around 80% of its products

Africa

UK Export Finance boost critical infrastructure projects in Africa

Financial support from UK Export Finance worth over a half a billion pounds unlocks deals in Ghana, Zambia, Gabon and Uganda for UK exporters. Support has led to UK contracts for six national infrastructure projects across Africa. Businesses supported come from across the UK and from a range of sectors. The International Trade Secretary, Liz Truss, announced today at the UK-Africa Investment Summit that UK Export Finance (UKEF) has provided

Optimising Export Finance efficiency with the addition of Credit Insurance

Fineon Exchange (Fineon), the go-to online marketplace platform for export finance, today announced the appointment of Aon Credit Solutions (Aon), the industry leader in credit insurance broking and credit management services, as credit insurance broker and advisor for its recently launched Export Finance Platform. The initiative also includes a strategic collaboration with Aon to offer enhanced automated delivery of credit solutions. Adding Aon’s credit insurance expertise to the Fineon Export Finance Platform

BNY Mellon and KeyBank expand their trade processing services relationship

BNY Mellon today announced a significant expansion of its existing trade finance processing services relationship with KeyBank by implementing an enhanced and updated model that will offer a more robust client experience for KeyBank’s trade finance clients, while aiming to increase the efficiency of service delivery. Under this expanded arrangement, and subject to the execution of an amended service agreement, BNY Mellon will take on certain direct client service functions

Trade Finance Advisors and Fineon Exchange form strategic partnership

Optimising cross-border trade finance in Italy and growing exports to emerging and developing marketsTrade Finance Advisors (TFA), the leaders in Italian trade finance brokerage services, is pleased to announce the selection of the Fineon Exchange export finance marketplace platform, the go-to online marketplace platform for export finance, as its strategic partner. The trade finance industry, and the export finance sector, has long faced challenges around deal origination, workflow standardisation and

Deutsche Bank Whitepaper: Supply chain stability and sustainability

Deutsche Bank has released a comprehensive new publication, “Payables finance: A guide to working capital optimisation, 2nd edition”, revising and updating the original paper released almost two years ago at the beginning of 2018. The paper continues the ongoing work of defining and codifying the payables finance industry as it evolves, shifting priorities and practices in the process. Headline updates include an examination of how businesses are looking to payables

Exporting is easy – when you have a plan

Export competition encourages UK SMEs to plan ahead, whatever happens with Brexit.This autumn Brexit will again dominate the minds of businesses and traders, but the UK’s SMEs should continue to plan ahead and look to export as a way of mitigating risk and increasing global sales. The government’s ‘Export Strategy’ aims to grow exports as a percentage of GDP from 30% to 35% and encouraging SMEs to look at global

UK exporters need to understand changes in Incoterms 2020 or Risk Disruption

The UK’s exporters will have a lot of learning to do in the months to come. Not only will businesses need to stay abreast of the potential impacts of Brexit, but they will also need to get to grips with the International Chamber of Commerce’s (ICC) new set of international commercial terms – widely known by the trademark of “Incoterms®”.According to the ICC website, these terms form the world’s ‘essential

Ask the expert with Carlos Carriedo, Senior Vice President American Express and IRU Secretary General Umberto de Pretto

Carlos Carriedo, Senior Vice President American Express Global Commercial Services Europe talks to ITM about exporting despite Brexit future. Over recent years we’ve become accustomed to headlines reporting and forecasting the impact of ongoing political uncertainty on British businesses. In the absence of clarity around how Brexit will affect UK businesses’ productivity, performance and trade relationships, it is natural that business leaders will take a more cautious approach to spending