Welcome to February's issue of Credit Management News Digest. This issue is sponsored by Tinubu® Square.
Index
UK Economy
UK economic growth is unlikely to hit the Government's 2.8% ambition. The National Institute for Economic and Social Research (NIESR) has reported that due to persistent and elevated economic uncertainty regarding the details of the UK's future trade relationship with the EU, it is forecasting that UK economic growth will be around 1.5% in 2020 - unchanged from 2019. As such, NIESR notes that the Chancellor's aim of raising UK economic growth to around 2.8% a year is unlikely to be attained in the current global economic context (with approximately a one-in-five chance). To read NIESR's news release go to https://www.niesr.ac.uk/media/niesr-press-release-uk-growth-unlikely-hit-government-28-ambition-14119.
The UK economy set to benefit from reduced near-term uncertainties. The EY ITEM Club has advised that it believes that the decisive nature of the UK's General Election result, and the resulting clarity on the first stage of Brexit, will provide a slight boost to UK economic activity. Reflecting these factors, EY ITEM Club's projection is for GDP growth of 1.2% in 2020 and 1.7% in 2021, compared to 1% and 1.5% in the previous forecast. Mark Gregory, EY's UK chief economist, said: 'It's not time to pop the champagne yet. . .While we have some clarity, there are still significant unknowns – about the trade deal around Brexit and the wider policy agenda of Government." EY also noted that In the last decade, the UK economy grew at the slowest pace of any decade since the Second World War. To read EY Item Club's news release go to
https://www.ey.com/en_uk/growth/ey-item-club/ey-item-club-winter-forecast-2020.
The UK's economic growth is outpacing the eurozone. The International Monetary Fund (IMF) has estimated that the UK achieved GDP growth of 1.3% in 2019 - compared to overall eurozone growth of 1.2%. This should also continue in both 2020 and 2021, when the UK's predicted growth of 1.4% and 1.5% looks set to outpace that of the eurozone - again by 0.1% in both years. In comparison, Germany's GDP will grow from 0.5% in 2019 to 1.1% in 2020 and 1.4% in 2021, Italy's GDP is estimated as 0.2%, 0.5% and 0.7% in 2019 and 2020 and 2021 respectively, and France's growth looks set to remain static - at 1.3% in all three years. Only Spain is forecast to outpace the UK's growth. To read the IMF's release go to https://blogs.imf.org/2020/01/20/tentative-stabilization-sluggish-recovery/.
UK Exports
The US is the first choice for UK small businesses to trade with over the next three years. A new survey from the Federation of Small Businesses (FSB) and the UK Trade Policy Observatory at the University of Sussex has identified that the US (46%), Germany (38%) and France (36%) have been named as the top individual country markets for small exporters and importers over next three years. Meanwhile, 62% of small business exporters and 55% of small importers, identify the EU as their most important trading bloc, ahead of the USMCA (US, Mexico and Canada) and the already-in-force CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). To read the FSB's news release go to https://www.fsb.org.uk/resources-page/us-is-no-1-country-for-uk-small-businesses-to-trade-with-over-next-three-years-eu-to-remain-most-important-trading-bloc.html.
UK export growth declined in Q4 2019, but remained ahead of the five economies analysed. EU export growth plummeted to its lowest point in more than two years in Q4 2019, according to new research from BDO LLP. Sliding 3.5 points from the previous quarter to 94.7, the BDO Export Growth Index - which provides snapshots of the export markets in Europe's five largest economies – fell below the 95-mark that separates expansion from contractionary territory for the first time since Q2 2017. Although the UK recorded a 2.9 point decline (to 97.5.) in Q4 2019, its export growth remained the highest of the five economies analysed for a second consecutive quarter – sitting comfortably ahead of Germany (93.4), France (93.4), Italy (95.5) and Spain (95.7). To read BDO's news release go to https://www.bdo.co.uk/en-gb/news/2020/eu-export-growth-hits-two-year-low.
The value of UK exports to non-EU countries rose in 2019 while the value of UK exports to the EU fell. Lloyds Bank's latest analysis of the latest trade figures from HMRC has indicated that although the EU is still the UK’s single largest trading partner, the value of British goods exported to the continent fell from £173.3 billion in the year ending Q1 2019 to £168.5 billion in the year ending Q3 2019. Prior to this, the value of UK goods exported to the EU had grown consistently since 2016. In contrast, UK exports to Asia and the USA have grown at a compounded rate of 11.3% and 7.7% respectively. To read Lloyds Bank's International Trade Index go to https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/lloyds-bank/lloyds-bank-trade-index/.
UK Retailers
The UK High street bounces back with its best month since 2014. BDO's latest High Street Sales Tracker has revealed that in-store like-for-like sales increased by 5.7% in January, with positive in-store like-for-like sales every week and a strong performance across all sectors. This includes the beleaguered fashion sector, which recorded its best in-store January result since 2014 with +5.8% like-for-like growth ending a two-month slide of negative results. However, retailers are being warned that any recovery is still at an early and unpredictable stage and it remains to be seen if the pickup in confidence will translate into a meaningful boost to the UK high street. To read BDO's news release go to https://www.bdo.co.uk/en-gb/news/2020/high-street-bounces-back-with-best-month-since-2014.
UK retail space could shrink by 20%. An article in Retail Gazette contains a warning from the head of British Land, Chris Grigg, that around 20% of retail space on high streets around the UK is at risk of being lost. British Land is among the many retail landlords that have come under pressure in the wake of writedowns in retail property value as a result of the surge in CVAs and administrations in the past couple of years. In its half-year report in November, British Land revealed that the value of its retail properties had fallen 10.7%t to £4.8 billion, which equates to a loss of £599 million in retail property value for the six months ending September 2019. To read Retail Gazette's article go to https://www.retailgazette.co.uk/blog/2020/01/uk-retail-space-could-shrink-by-20-says-british-land-ceo/.
A challenging Christmas for UK retailers has extended into the New Year. According to the latest monthly CBI Distributive Trades Survey, UK retail sales volumes were flat for the third consecutive month in the year to January with no growth expected in February. By sub-sector, the biggest positive contribution to volumes growth came from non-specialised stores (i.e. department stores), however this was offset by negative contributions from retailers of other normal goods (i.e. jewellery, flowers and watches), household furniture, and from hardware and DIY stores. To read the CBI's news release go to https://www.cbi.org.uk/media-centre/articles/retail-sales-continue-to-fall-flat-in-january/.
Late Payment & Business Distress
A surge in coronavirus related profit warnings is predicted. Following Burberry Group PLC's recent trading update, warning the market on profits, linked explicitly to the impact of the coronavirus, InfolinkGazette has predicted that many more profit warnings will follow. Greg Connell, Managing Director of InfolinkGazette, said: "We are expecting to see a surge in coronavirus related profit warnings and expect the outbreak will overtake Brexit as one of the most common reasons offered as an explanation for the profit warning." Greg added: "some already vulnerable UK businesses with a major dependency on China will almost certainly go out of business as a consequence of the sales and supply chain impacts of the virus." For more information visit https://www.infolinkgazette.com/?pid=6.
New research reveals the human cost of late payments. Late payments are hitting the mental health of small business owners, according to research published by Pay.UK. More than a quarter (26%) of SME business owners stress about late payments even when they are not at work; 17% say that payment delays undermine their own confidence in their ability to run a business and 16% worry about the issue every working day. According to Pay.UK, this comes at a time when more UK SMEs report being paid late (54%) than at any time since 2015, with a total late payments bill of £23 billion this year – up from £13 billion in 2018. To read Bacs' news release go to https://www.bacs.co.uk/NewsCentre/PressReleases/Pages/MentalHealthCostOfLatePayments.aspx.
One in five UK businesses are financially stressed, with more than 1,000 companies in situations of acute distress. KPMG's Restructuring practice analysed the filings of all UK businesses with revenues above £10 million over a five year period to the end of 2018. Across the five years, the proportion of companies in financial stress rose from 19% to 21%, while those identified as distressed remained relatively steady at 4%. However, the overall growth in the number of companies with revenues exceeding £10 million over the five years (a population which grew from around 22,000 in 2014 to 27,000 in 2018) means that in absolute terms, financially stressed UK businesses have increased with a compound annual growth rate of 7.7%. To read KPMG's news release go to https://home.kpmg/uk/en/home/media/press-releases/2020/01/one-in-five-uk-businesses-in-financial-stress.html.
Almost half a million UK businesses are in significant financial distress. New research from Begbies Traynor has revealed that the number of businesses in significant financial distress has risen to 494,000 – the highest number recorded, with the real estate and property, support services, construction and retail the sectors particularly badly affected. Begbies Traynor's notes that with this continued increase in significant distress, there is a danger that this figure could exceed 500,000 companies in 2020. The latest Red Flag Alert data for Q4 2019 also found that a considerable number of these companies were formed after 2014, demonstrating that younger businesses are the most vulnerable to failure. To read Begbies Traynor's news release go to https://www.begbies-traynorgroup.com/news/firm-news/almost-half-a-million-businesses-in-significant-financial-distress.
World Economy
Global growth to remain at a 10-year low in 2020. The National Institute for Economic and Social Research (NIESR) has reported that after two years during which global economic growth has slowed from a cyclical peak in 2017 to its slowest rate since 2009, the growth slowdown should halt in 2020. NIESR anticipates that global growth will be 3% this year - effectively the same as last year, rising slightly to 3.25% in 2021. Economic improvements are likely to be gradual rather than dramatic, with headwinds to growth and fragility remaining a feature of the global economy. To read NIESR's news release go to https://www.niesr.ac.uk/media/niesr-press-release-global-growth-remain-10-year-low-2020-14118.
Growth is stabilising in most advanced economies. The OECD has advised that its latest composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, point to growth stabilising, albeit below long-term trends, in most advanced economies. The CLIs continue to indicate stable growth momentum in Japan, Canada and the euro area as a whole, including France and Italy. In addition, in the US, Germany and the UK, the OECD notes that signs of stabilisation can now be confirmed. To read the OECD's news release go to http://www.oecd.org/newsroom/composite-leading-indicators-cli-oecd-january-2020.htm.
New tentative signs that global growth may be stabilising, though at subdued levels. The IMF latest update to its World Economic Outlook now projects that global growth will increase modestly from 2.9% in 2019 to 3.3% in 2020 and 3.4% in 2021. In advanced economies, growth is expected to slow slightly from 1.7% in 2019 to 1.6% in 2020 and 2021, while for emerging market and developing economies the IMF predicts a pickup in growth from 3.7% in 2019 to 4.4% in 2020 and 4.6% in 2021. The Outlook concludes that while there are signs of stabilisation, the global Outlook remains sluggish and there are no clear signs of a turning point. To read the IMF's news release go to https://blogs.imf.org/2020/01/20/tentative-stabilization-sluggish-recovery/.
Global growth: modest pickup to 2.5% in 2020. The World Bank's January 2020 Global Economic Prospects has predicted that global economic growth is forecast to edge up to 2.5% in 2020. However, this rebound is not broad-based; instead, it assumes the improved performance of a small group of large economies, some of which are emerging from a period of substantial weakness. Overall growth among advanced economies as a group is anticipated to slip to 1.4% in 2020 in part due to continued softness in manufacturing. Growth in emerging market and developing economies is expected to accelerate this year to 4.1%. To read the World Bank's news release go to https://www.worldbank.org/en/news/press-release/2020/01/08/modest-pickup-in-2020-amid-mounting-debt-and-slowing-productivity-growth.
Credit Management News
CICM Chief is appointed as interim Small Business Commissioner. Philip King, Chief Executive of the Chartered Institute of Credit Management (CICM), has been appointed interim UK Small Business Commissioner (SBC). The government has announced that it will shortly recruit for a permanent SBC and has also committed to strengthening the powers of the Small Business Commissioner to hold to account the minority of larger businesses who fail to make payments on time. New powers could include compelling information and disclosure of payment terms and practices, imposing financial penalties, or binding payment plans on large businesses found to have unfair payment practices. To read CICM's news release go to https://www.cicm.com/cicm-chief-appointed-interim-small-business-commissioner/.
Late payment bill is launched to enforce 30-day terms in the UK. Construction Enquirer has reported that a new private members bill has been launched in the House of Lords in the latest bid to toughen-up late payment legislation. The bill proposed by Labour peer Lord Mendelsohn contains a statutory limit of 30 days for paying bills. It also outlaws unfair payment practices like subcontractors having to pay fees to get on main contractors' preferred lists of suppliers and payment of fees to get paid earlier under supply chain finance schemes. To read Construction Enquirer's article go to https://www.constructionenquirer.com/2020/01/21/late-payment-bill-to-enforce-30-day-terms/.
UK businesses are encouraged to claim remaining funding available to help them make customs declarations. HM Revenue and Customs (HMRC) announced that it has extended the deadline for businesses to apply for customs support funding to 31 January 2021. The scheme, first announced in September 2019, had been due to close on 31 January 2020. To date, applications have been made for around £18.5 million out of a possible £26 million – meaning there is at least £7.5 million left to claim from HMRC. As well as supporting recruitment and improved IT capability, the money applied for so far could potentially fund nearly 15,000 training courses to help traders submit customs declarations. On average it takes 2-3 weeks for most applications to be approved. To apply or for more information go to https://www.gov.uk/guidance/grants-for-businesses-that-complete-customs-declarations.
UK businesses struggle to complete anti-fraud checks promptly. According to Experian analysis of Companies House records,116,000 companies in the UK have a corporate structure which is so complex that half a day or longer would be needed to carry out manual checks, with decreased confidence in the end decision. As a result and to help businesses carry out Know Your Customer checks with confidence, Experian has announced that it has launched a new web-based tool, ComplianceIQ, which takes large amounts of data and analyses a company’s business portfolio in seconds. To read Experian's news release go to https://www.experianplc.com/media/news/2020/uk-businesses-struggle-to-complete-anti-fraud-checks-promptly/.
Events & Offers
GTR MENA,17-18 February 2020. Dubai.
Widely recognised as the most comprehensive and long-established trade finance gathering for the Middle East & North Africa, GTR MENA 2020 will return to Dubai on February 17-18, 2020, welcoming over 800 key figures from local, regional and global markets and providing access to hundreds of companies engaged in international trade. Offering an unrivalled platform for increasing awareness of the market challenges, attendees will have the opportunity to hear from over 80 business heads from across the global trade industries, employing a wide range of session formats and networking activities to facilitate high-quality conversations and business development opportunities.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
Widely recognised as the most comprehensive and long-established trade finance gathering for the Middle East & North Africa, GTR MENA 2020 will return to Dubai on February 17-18, 2020, welcoming over 800 key figures from local, regional and global markets and providing access to hundreds of companies engaged in international trade. Offering an unrivalled platform for increasing awareness of the market challenges, attendees will have the opportunity to hear from over 80 business heads from across the global trade industries, employing a wide range of session formats and networking activities to facilitate high-quality conversations and business development opportunities.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Turkey, 4 March. Istanbul.
GTR Turkey will return to Hotel Fairmont Quasar in Istanbul on March 4, 2020. As the leading trade and export financing event of its kind in the country, and with established support from key industry institutions, the event will provide Turkish corporates, financiers and investors with a key platform at which to make valuable business contacts and learn from the leading figures in international trade and investment. With over 300 representatives from international and regional companies expected in attendance, the event will feature innovative content designed to foster maximum engagement between speakers and delegates, bringing all parties involved in Turkish trade together for a one-day focused gathering.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Turkey will return to Hotel Fairmont Quasar in Istanbul on March 4, 2020. As the leading trade and export financing event of its kind in the country, and with established support from key industry institutions, the event will provide Turkish corporates, financiers and investors with a key platform at which to make valuable business contacts and learn from the leading figures in international trade and investment. With over 300 representatives from international and regional companies expected in attendance, the event will feature innovative content designed to foster maximum engagement between speakers and delegates, bringing all parties involved in Turkish trade together for a one-day focused gathering.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
International Chamber of Commerce (ICC) Academy’s 9th Supply Chain Finance Summit, 4-5 March 2020. Singapore.
Now in its 9th edition, the ICC Academy, the educational arm of the International Chamber of Commerce (ICC), is set to host the next chapter of its annual Supply Chain Finance Summit. Marked by its year-on- year success, the event returns to Singapore on 4-5 March 2020, highlighting the island city-state’s standing as a pivotal trade and financial hub that continues to shape the development of Asia’s supply chain.
Blending a more global perspective with regional highlights, the 2020 agenda will focus on some of the most in-demand subjects in the supply chain process. Topics of discussion to include the evolving role of corporate treasurers; alternative finance as the mainstay of SCF; innovative SCF and financing the digitized supply chain; managing the cross-border supply chain, ‘Green Supply Chain’ and a debate on Banks vs Fintech.
This two-day flagship event will bring together over 300+ of the most influential global trade and supply chain finance experts, banking professionals, business leaders, lawyers and government officials from over 20 countries to debate the critical issues affecting the physical supply chain and supply chain finance industry.
The signature event will aim at providing a platform for global professionals, practitioners, and institutionalists to exchange insights and ideas on the latest developments and challenges in the supply chain industry. Participants will be able to gain valuable knowledge from in-depth panel discussions, examine key case studies and enjoy an array of dedicated networking opportunities. In addition to the formal sessions, this summit will also be a valuable platform for informal dialogue among the fellow delegates and experts to share ideas and experiences and enjoy a good networking. For more information about the summit, login to the official event website.
Get 20% off with our early bird offer using code scf2020-earlybird until 31 Dec!
Now in its 9th edition, the ICC Academy, the educational arm of the International Chamber of Commerce (ICC), is set to host the next chapter of its annual Supply Chain Finance Summit. Marked by its year-on- year success, the event returns to Singapore on 4-5 March 2020, highlighting the island city-state’s standing as a pivotal trade and financial hub that continues to shape the development of Asia’s supply chain.
Blending a more global perspective with regional highlights, the 2020 agenda will focus on some of the most in-demand subjects in the supply chain process. Topics of discussion to include the evolving role of corporate treasurers; alternative finance as the mainstay of SCF; innovative SCF and financing the digitized supply chain; managing the cross-border supply chain, ‘Green Supply Chain’ and a debate on Banks vs Fintech.
This two-day flagship event will bring together over 300+ of the most influential global trade and supply chain finance experts, banking professionals, business leaders, lawyers and government officials from over 20 countries to debate the critical issues affecting the physical supply chain and supply chain finance industry.
The signature event will aim at providing a platform for global professionals, practitioners, and institutionalists to exchange insights and ideas on the latest developments and challenges in the supply chain industry. Participants will be able to gain valuable knowledge from in-depth panel discussions, examine key case studies and enjoy an array of dedicated networking opportunities. In addition to the formal sessions, this summit will also be a valuable platform for informal dialogue among the fellow delegates and experts to share ideas and experiences and enjoy a good networking. For more information about the summit, login to the official event website.
Get 20% off with our early bird offer using code scf2020-earlybird until 31 Dec!
20th anniversary Receivables Finance International Convention, 10-11 March. London.
Join the global receivables finance sector's premier event:
This year’s 20th anniversary Receivables Finance International Convention is set to be BCR’s biggest yet: 47 speakers confirmed and a substantial exhibition of technology providers plus the RFIx Awards Gala Dinner.
RFIx is happening at a very special time of rapidly increasing scope and opportunity for the receivables finance industry. This whole sector is evolving and developing so rapidly that these are very exciting, even shocking times. Come, join us and be a part of something special…
Book your place for #RFIx20, which takes place on 10-11 March 2020, London Marriott Hotel Grosvenor Square and help define the future of working capital finance: Go to https://bcrpub.com/events/rfix-%20receivables-finance-international-convention-2020 to https://bcrpub.com/events/rfix-receivables-finance-international-convention-2020.
Join the global receivables finance sector's premier event:
This year’s 20th anniversary Receivables Finance International Convention is set to be BCR’s biggest yet: 47 speakers confirmed and a substantial exhibition of technology providers plus the RFIx Awards Gala Dinner.
RFIx is happening at a very special time of rapidly increasing scope and opportunity for the receivables finance industry. This whole sector is evolving and developing so rapidly that these are very exciting, even shocking times. Come, join us and be a part of something special…
Book your place for #RFIx20, which takes place on 10-11 March 2020, London Marriott Hotel Grosvenor Square and help define the future of working capital finance: Go to https://bcrpub.com/events/rfix-%20receivables-finance-international-convention-2020 to https://bcrpub.com/events/rfix-receivables-finance-international-convention-2020.
GTR Africa, 11-12 March. Cape Town.
GTR Africa returns to Cape Town on March 11-12 for the definitive event in African trade and infrastructure finance, set to welcome over 400 delegates all keen to discuss the unrivalled business opportunities found on the continent. Take advantage of the opportunity to hear from a wide range of experts, including corporates, banks and alternative financiers, government bodies and various other actors all involved in the exciting world of African trade, as well as unrivalled chances to network and enjoy the beautiful setting of Cape Town!
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Africa returns to Cape Town on March 11-12 for the definitive event in African trade and infrastructure finance, set to welcome over 400 delegates all keen to discuss the unrivalled business opportunities found on the continent. Take advantage of the opportunity to hear from a wide range of experts, including corporates, banks and alternative financiers, government bodies and various other actors all involved in the exciting world of African trade, as well as unrivalled chances to network and enjoy the beautiful setting of Cape Town!
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Russia 2020, 1 April. Moscow.
GTR Russia 2020 will once again come to Moscow in April. Russia’s most established gathering for the trade and export finance industry last year gave increased attention to the corporate experience in both the import and export space, as well as offering a platform for local and international ECAs to offer their perspectives and plans. Attendees will benefit from critical market insight and idea-sharing through a series of informative discussions, and networking sessions in various formats, providing access to over 100 companies engaged in some of the most influential sectors in the region.
GTR Russia 2020 will once again come to Moscow in April. Russia’s most established gathering for the trade and export finance industry last year gave increased attention to the corporate experience in both the import and export space, as well as offering a platform for local and international ECAs to offer their perspectives and plans. Attendees will benefit from critical market insight and idea-sharing through a series of informative discussions, and networking sessions in various formats, providing access to over 100 companies engaged in some of the most influential sectors in the region.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR UK 2020. 6 May. London.
GTR UK 2020 will take place in London on May 6, bringing the trade community together to discuss the potential implications for corporates, financiers and policymakers alike. The event will also consider the important role that all stakeholders have to play in promoting British businesses abroad and seizing on the huge opportunities to secure the UK’s future prosperity, with a strong focus on the role of the financial services community and the UK government in developing a global network to support trading companies.
GTR UK 2020 will take place in London on May 6, bringing the trade community together to discuss the potential implications for corporates, financiers and policymakers alike. The event will also consider the important role that all stakeholders have to play in promoting British businesses abroad and seizing on the huge opportunities to secure the UK’s future prosperity, with a strong focus on the role of the financial services community and the UK government in developing a global network to support trading companies.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR East Africa 2020, 14-15 May. Nairobi.
GTR East Africa marks its 11th annual conference in Nairobi, Kenya on 14-15 May 2020, where a cutting edge agenda will explore the key macroeconomic, geopolitical, financial market and tech trends shaping the East African trade finance landscape. This two-day conference provides GTR attendees with a unique opportunity to network with over 350 delegates all under one roof.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR East Africa marks its 11th annual conference in Nairobi, Kenya on 14-15 May 2020, where a cutting edge agenda will explore the key macroeconomic, geopolitical, financial market and tech trends shaping the East African trade finance landscape. This two-day conference provides GTR attendees with a unique opportunity to network with over 350 delegates all under one roof.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
TXF Global 2020: Export, Agency & Project Finance, 3-5 June 2020. Madrid.
The global export, agency & project finance games return for 2020! Join TXF on 3-5 June in Madrid for the largest gathering of its kind with a vision to taking your network further than ever before.
With the CEOs of EKF, MIGA, US EXIM and more already in training for the Olympic games, along with 1000 of the industry’s key players, quite simply, this is the event you cannot afford to miss.
Packing the mightiest of punches, TXF Global will again combine keynote addresses from CEOs and state ministers outlining the future of industry, sustainability and digitisation, as well as infrastructure and project roadmaps. Mixed with detailed technical workshops, lively debate forums and regional roundtables TXF Global allows for an intimate networking environment like no other.
As a Credit Insurance News member, get an exclusive 15% off the standard ticket price using code: LETTHEGAMESBEGIN on the booking page.
Visit the website to find out more.
The global export, agency & project finance games return for 2020! Join TXF on 3-5 June in Madrid for the largest gathering of its kind with a vision to taking your network further than ever before.
With the CEOs of EKF, MIGA, US EXIM and more already in training for the Olympic games, along with 1000 of the industry’s key players, quite simply, this is the event you cannot afford to miss.
Packing the mightiest of punches, TXF Global will again combine keynote addresses from CEOs and state ministers outlining the future of industry, sustainability and digitisation, as well as infrastructure and project roadmaps. Mixed with detailed technical workshops, lively debate forums and regional roundtables TXF Global allows for an intimate networking environment like no other.
As a Credit Insurance News member, get an exclusive 15% off the standard ticket price using code: LETTHEGAMESBEGIN on the booking page.
Visit the website to find out more.
GTR US 2020, 17 June 2020. Chicago.
GTR US 2020 will return to Chicago for its fourth year on June 17, 2020, where US companies and their financing partners will meet to discuss the evolution of the trade, supply chain and working capital space. Featuring a host of expert speakers, the event will provide the latest business intelligence required to navigate trade-related risks, and the practical know-how enabling those tasked with facilitating US commerce to form resilient, agile trade financing and risk management strategies. With leading corporates, banks, financiers, insurers and digitization specialists in attendance, this event is not to be missed for those looking to create crucial industry contacts and optimize their trade business.
GTR US 2020 will return to Chicago for its fourth year on June 17, 2020, where US companies and their financing partners will meet to discuss the evolution of the trade, supply chain and working capital space. Featuring a host of expert speakers, the event will provide the latest business intelligence required to navigate trade-related risks, and the practical know-how enabling those tasked with facilitating US commerce to form resilient, agile trade financing and risk management strategies. With leading corporates, banks, financiers, insurers and digitization specialists in attendance, this event is not to be missed for those looking to create crucial industry contacts and optimize their trade business.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Asia 2020, 8-9 September 2020. Singapore.
GTR Asia will return to Singapore from September 8-9 to host over 1,300 decision-makers and leaders from the global trade, export and fintech community. A leading global financial hub and home to a dynamic and thriving financial ecosystem, Singapore provides the perfect backdrop to explore the future of international trade and investment.
GTR Asia will return to Singapore from September 8-9 to host over 1,300 decision-makers and leaders from the global trade, export and fintech community. A leading global financial hub and home to a dynamic and thriving financial ecosystem, Singapore provides the perfect backdrop to explore the future of international trade and investment.
Offering a truly global perspective and tackling issues with a forward-looking outlook, GTR aim to create events for those passionate about issues that define the trade finance world. Hosted for over a decade, GTR Asia is recognised as the world’s largest international gathering for local and international organisations: from banks to multinational corporations and SMEs, independent financiers, commodity brokers and traders, insurers and risk managers, lawyers, consultants, ECAs and multilaterals and many more.
Attendees will gain valuable business contacts and learn from the leading figures in the industry; Hear fresh and challenging perspectives from over 100 of the world’s leading trade, treasury and fintech experts; Enjoy innovative content designed to foster maximum engagement between speakers and delegates, bringing all parties involved in Asian trade together for a two-day focused conference and networking exhibition.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
Commodities Trading Forum, 16 September 2020. Geneva.
Building on the success of 2019’s inaugural Geneva event and reflecting increased collaboration and partnership with the Swiss Trading & Shipping Association (STSA), GTR is delighted to announce that its newly expanded Commodities Trading Forum will be taking place at the Intercontinental Hotel Geneva on September 16, 2020. Co-hosted and held in partnership with both the STSA and PwC, and reflecting on Switzerland’s role as one for the world’s leading hubs for commodities from oil and gas to metals and agribusiness products, the conference will provide a comprehensive overview of the global commodities and commodity finance markets. Attendees will benefit from critical market insight and idea-sharing through a series of interactive and informative session formats, whilst unchallenged networking opportunities will provide access to over 200 different companies involved in the financing of global commodities.
Building on the success of 2019’s inaugural Geneva event and reflecting increased collaboration and partnership with the Swiss Trading & Shipping Association (STSA), GTR is delighted to announce that its newly expanded Commodities Trading Forum will be taking place at the Intercontinental Hotel Geneva on September 16, 2020. Co-hosted and held in partnership with both the STSA and PwC, and reflecting on Switzerland’s role as one for the world’s leading hubs for commodities from oil and gas to metals and agribusiness products, the conference will provide a comprehensive overview of the global commodities and commodity finance markets. Attendees will benefit from critical market insight and idea-sharing through a series of interactive and informative session formats, whilst unchallenged networking opportunities will provide access to over 200 different companies involved in the financing of global commodities.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Nordics 2020, 12
November 2020. Stockholm.
After many consecutive years of attendance growth we are delighted to announce that GTR Nordics 2020 will take place on November 12, moving to the larger event space at the Radisson Blu Waterfront, Stockholm. While offering a more comfortable space to mingle, this also provides the opportunity to add some exciting new event features. GTR Nordics 2020 promises to be the biggest and best yet: Watch this space for more details as we move towards the conference date! Last year GTR Nordics returned to Stockholm and welcomed another record-breaking audience of over 500 trade finance experts, insurers, bankers, ECAs, technology innovators and corporates of all sizes.
After many consecutive years of attendance growth we are delighted to announce that GTR Nordics 2020 will take place on November 12, moving to the larger event space at the Radisson Blu Waterfront, Stockholm. While offering a more comfortable space to mingle, this also provides the opportunity to add some exciting new event features. GTR Nordics 2020 promises to be the biggest and best yet: Watch this space for more details as we move towards the conference date! Last year GTR Nordics returned to Stockholm and welcomed another record-breaking audience of over 500 trade finance experts, insurers, bankers, ECAs, technology innovators and corporates of all sizes.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
Founded in 2000 by current senior management, Tinubu® Square is a software vendor, enabler of the Credit Insurance and Surety & digital transformation, with over 20 years of sustainable growth.
Tinubu® Square enables organizations across the world to significantly reduce their exposure to risk and their financial, operational and technical costs with best-in-class technology solutions and services.
Tinubu® Square provides SaaS solutions and services to different businesses including credit insurer, surety carriers and multinational corporations.
As a fintech innovation flagship, Tinubu® Square has redesigned trade credit risk management through its state-of-the-art technological approach, which integrates data & decision analytics, and process automation expertise.
Thanks to its highly experienced team of credit analysts, Tinubu® Square provides tailor-made credit risk assessments and recovery services on any company in any country.
Tinubu® Square has built an ecosystem of customers in over 20 countries worldwide and has a global presence with offices in Paris, London, New York, Montreal and Singapore.
Take a look at what Tinubu® Square’s credit insurers customers, including EDC, The Bond & Credit Company and The Guarantee, have to say about how their organizations have been supported by Tinubu® Square. Click here.
Tinubu® Square enables organizations across the world to significantly reduce their exposure to risk and their financial, operational and technical costs with best-in-class technology solutions and services.
Tinubu® Square provides SaaS solutions and services to different businesses including credit insurer, surety carriers and multinational corporations.
As a fintech innovation flagship, Tinubu® Square has redesigned trade credit risk management through its state-of-the-art technological approach, which integrates data & decision analytics, and process automation expertise.
Thanks to its highly experienced team of credit analysts, Tinubu® Square provides tailor-made credit risk assessments and recovery services on any company in any country.
Tinubu® Square has built an ecosystem of customers in over 20 countries worldwide and has a global presence with offices in Paris, London, New York, Montreal and Singapore.
Take a look at what Tinubu® Square’s credit insurers customers, including EDC, The Bond & Credit Company and The Guarantee, have to say about how their organizations have been supported by Tinubu® Square. Click here.
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