Welcome to the April 2020 issue of Credit Management News Digest. This issue is sponsored by InfolinkGazette

Please note: Amid such a fast-moving global pandemic, news stories of just a few days old quickly become outdated. Consequently, we have provided the publication date of the news releases or articles featured in this month's issue, with items closest to our publication date (8 April) displayed first.
UK Late Payment, Cashflow & Insolvencies
3 April: New Look delays payments 'indefinitely'. Drapers has reported that the UK fashion retailer New Look has written to suppliers to inform them it will be cancelling all orders and pushing back payment terms “indefinitely” to ease the impact of the Coronavirus outbreak. A letter from New Look CEO Nigel Oddy, seen by Drapers, says that all existing orders for which New Look has not taken ownership are cancelled and that it does not intend to pay its suppliers for any costs - including any costs for fabric and raw materials - in connection with cancelled orders. Furthermore, the letter goes on to say that all outstanding payments due for orders which New Look has taken ownership will be delayed indefinitely. To read Drapers' article go to https://www.drapersonline.com/news/new-look-delays-payments-indefinitely/7040058.article.
2 April: UK insolvency predictions are "vastly exaggerated". RSM has predicted that a spike in corporate insolvencies as great, or greater, than the levels last seen in 2008 is almost inevitable, but notes that for many UK businesses the opportunity to mothball, defer payments and seek government support will, at the very least, delay any decision to shut permanently. Consequently, although the downward curve will, RSM believes, be much steeper than the '90s and could be even steeper than in 2008 - with a consequent double spike in insolvencies, now and in 6-12 months - it suggests that predictions of 800,000 insolvencies seem a "major exaggeration" given that corporate insolvencies between 2008-13 were less than 114,000. To read RSMUK's news release go to https://www.rsmuk.com/news/insolvency-predictions-vastly-exaggerated-but-swift-action-needed.
2 April: BCC Coronavirus Business Impact Tracker: First results show heavy toll on UK business communities as the majority of firms face a cashflow crisis. Results from the British Chamber of Commerce's (BCC) first Coronavirus Business Impact Tracker paints a concerning, if unsurprising, picture for business communities affected by Coronavirus. Results indicate a sharp and significant fall in domestic and overseas revenue for UK businesses, while almost half of respondents (44%) expect to furlough at least 50% of their workforce before mid-April. Of most concern is the impact on business’s cash flow, with 18% reporting less than a month’s worth of cash in reserve and the majority of firms (62%) having three months’ cash in reserve or less. To read the BCC's news release go to https://www.britishchambers.org.uk/news/2020/04/bcc-coronavirus-business-impact-tracker.
1 April: 18% of UK SMEs could collapse within the next four weeks. The Corporate Finance Network has reported that its latest research has found that as a result of the COVID-19 lockdown, 18% of UK SMEs may not be able to survive the next four weeks - despite the current support measures announced by the UK Government. Furthermore, if the lockdown lasts three months or more, 31% of businesses could potentially be forced to close down by June. To help contain the economic fallout, the Corporate Finance Network suggests that one approach could be to ask more robust small businesses to 'buy' the 'at risk' businesses in their sector, to retain the employees and maintain their trade. To read The Corporate Finance Network's news release go to https://www.thecfn.org.uk/18-of-all-smes-are-set-to-collapse-within-the-next-4-weeks-unless-the-government-steps-in-a-team-of-leading-industry-professionals-are-ready-to-launch-such-a-rescue-plan/
31 March: The UK government announces new insolvency measures to help businesses hit by the Coronavirus crisis. This includes a three-month suspension of the wrongful trading rules to remove the threat of directors incurring personal liability while trading during the pandemic. The change in law is to be applied retrospectively from 1 March 2020 for an initial period of three months. Other new insolvency measures include allowing companies to continue to access essential supplies (such as raw materials, component parts, energy, etc.) while attempting to rescue the business. Companies undergoing a restructuring process will also be given a time-limited moratorium or breathing space from creditor action. The aim is for directors to keep their businesses trading during the pandemic, paying their staff and suppliers, even if there are insolvency fears, without the threat of incurring personal liability. For more information on the changes go to https://commonslibrary.parliament.uk/research-briefings/cbp-8877/.
Licensed under the terms of Open Government. Licence v3.0.
30 March: UK restaurant business and pub insolvencies in 2019 indicate the weak state of the industry - even pre-Coronavirus. New research by UHY Hacker Young has indicated that 1,452 UK restaurant businesses and 526 UK pub businesses went insolvent in 2019. Both were increases of 10% on 2018's figures and highlight the weak state of the industry even before Coronavirus-related disruption. Looking ahead, the current requirement for all restaurants and pubs in the UK to remain closed during the Coronavirus pandemic is expected to result in many more insolvencies. Peter Kubik, Partner at UHY Hacker Young, commented: “Whilst the Government has launched an emergency loan scheme this is to be channelled to small businesses through lenders which are already accredited. This may cut off many smaller pub and restaurant companies, who traditionally have to borrow from second-tier lenders who are not on the list of accredited lenders." To read UHY Hacker Young's news release go to https://www.uhy-uk.com/news-events/news/1452-uk-restaurant-business-and-526-uk-pub-business-insolvencies-last-year/.
25 March: UK supermarkets pledge to pay suppliers quickly. Retail Gazette has reported that Sainsbury’s has become the latest UK supermarket to announce measures to support its suppliers and concessions amid ongoing uncertainty from the Coronavirus crisis. Sainsbury’s has advised said it will work collaboratively with suppliers to support them with vital cash flow where needed, which includes a commitment to pay nearly 1500 small suppliers immediately. Aldi, Morrisons and Tesco have also pledged to reduce the time it takes to pay smaller suppliers during the pandemic. To read Retail Gazette's article go to https://www.retailgazette.co.uk/blog/2020/03/sainsburys-support-suppliers-concessions-partners-coronavirus-supermarkets/.
10 March: UK's Prompt Payment Code moves to the Small Business Commissioner’s office. The Chartered Institute of Credit Management (CICM) has confirmed it has transferred the hosting and administration of the Prompt Payment Code to the Small Business Commissioner’s office in line with the UK Government’s stated ambition to bring all late payment initiatives under a single umbrella. Sue Chapple, the CICM’s interim Chief Executive, commented that it makes perfect sense to streamline payment issues under the Commissioner’s remit and transfer the Code following the appointment of the Code’s originator, Philip King, to the post of interim Small Business Commissioner. To read the CICM's news release go to https://www.cicm.com/cicm-originated-prompt-payment-code-moves-small-business-commissioners-office/
UK Trade Sectors & Exports
3 April: The worst month on record for UK retail sales. According to new data from BDO, Britain’s high street retailers endured their worst March on record for both in-store and total sales following the outbreak of COVID-19 in the UK. According to BDO’s High Street Sales Tracker, total like-for-like sales, combined of both in-store and non-store sales, dropped -17.9% in March from a base of +6.5% in March 2019 and in-store like-for-like sales plummeted a record –34.1% this month from a base of +4.8% for March last year. Each sector suffered a decline this month. Lifestyle in-store like-for-like sales decreased by –24.6%, fashion in-store sales plunged by –40.4% and homeware in-store sales declined by -26.1%. To read BDO's news release go to https://www.bdo.co.uk/en-gb/news/2020/retail-sales-fall-to-worst-month-on-record.
24 March: UK manufacturing output expectations fall amidst COVID-19 outbreak. According to the latest CBI monthly industrial trends survey, UK manufacturing output expectations dropped to their weakest since the financial crisis, as the COVID-19 outbreak gained pace in the UK and Europe. In another early sign of the impact of the pandemic, the survey also reported that both total and export order books worsened considerably compared to the previous month. Anna Leach, CBI Deputy Chief Economist, said: “The manufacturing sector is facing unprecedented challenges due to COVID-19, such as widespread disruption to supply chains and weakening demand due to domestic containment measures." To read the CBI's news release go to https://www.cbi.org.uk/media-centre/articles/manufacturing-output-expectations-fall-amidst-covid-19-outbreak-cbi/.
23 March: Coronavirus to take £12.6 billion out of UK retail spend in 2020. The impact of Coronavirus will wipe £12.6 billion from retail sales this year, according to preliminary forecasts by GlobalData. This is equivalent to more than Aldi’s total UK sales last year. Patrick O’Brien, UK Retail Research Director at GlobalData, commented: “While the food and grocery market will grow at 7.1% – the fastest rate for decades – this will not stop the overall market falling as non-food spend is forecast to drop by 8.9%. The impact on non-food is far worse even than during the financial crisis of 2009, when sales fell 2.9%. Clothing and footwear sales are forecast to be hit hardest, with sales down over 20% on 2019.” The revised forecasts are predicated on the pandemic peaking in April with most stores either closed or severely affected until late May. To read GlobalData's news release go to https://www.globaldata.com/coronavirus-to-take-12-6bn-out-of-uk-retail-spend-in-2020/.
16 March: UK manufacturing exports slump to the lowest level in three years. The Q1 Manufacturing Outlook survey published by Make UK and BDO LLP, which was taken before the recent escalation of the economic situation across Asia and Europe, confirms that the UK manufacturing sector had already ground to a standstill at the end of 2019. While the domestic picture had begun to improve slightly, exports fell sharply in response to a downturn in world trade, a situation likely to be exacerbated by current events. In addition, a separate snap poll of companies conducted by Make UK showed that over a third of companies (36%) say EU customer sentiment has worsened since exiting the EU, indicating EU customers are now looking away from the UK. To read BDO's news release go to https://www.bdo.co.uk/en-gb/news/2020/make-uk-bdo-survey-manufacturing-exports-slump-to-lowest-level-in-three-years.
UK Economy
30 March: UK GDP is expected to contract by 15% in Q2. The Centre for Economics and Business Research (Cebr) has warned that the UK economy is about to enter the deepest recession since the financial crisis, including the steepest quarter-on-quarter decline in economic activity since comparable records began. Cebr anticipates that the economy will have contracted marginally (by 0.5%) in the first quarter of the year. This, however, is expected to be followed by a much steeper contraction of 15% in GDP in the second quarter as business closures take their toll (the previous largest quarterly fall in GDP from the current records (which only go back to 1997) was 2.2% in Q4 2008). Over 2020 as a whole, Cebr expects GDP to be 4% lower than in 2019. To read Cebr's news release go to https://cebr.com/reports/uk-gdp-expected-to-contract-by-15-in-q2-as-consumers-under-lockdown-rein-in-spending/
27 March: UK consumer confidence is still higher than 2008/9 financial crisis lows. Consumer sentiment has fallen sharply as COVID-19 continues to impact the global economy, according to new data from PwC UK. Despite this, figures have yet to fall to the levels seen during the financial crisis of 2008-9, or even the post-recession period (2011-12), indicating that protective measures announced by the Government have cushioned the blow for some consumers. Lisa Hooker, Consumer Markets leader at PwC, said: “These results do give confidence that consumer sentiment, and therefore spending intentions, have the potential to bounce back quickly once the crisis abates." To read PWC's news release go to https://www.pwc.co.uk/press-room/press-releases/Consumer-confidence-still-higher-than-2008-9-financial-crisis-lows-despite-sharp-drop-as-global-impact-of-COVID-19-continues.html.
23 March: COVID-19 brings the UK economy to a temporary standstill, but an upturn is expected in 2021. KPMG UK's latest quarterly Economic Outlook looks at two potential scenarios that the impact of COVID-19 virus could have on the UK economy. KPMG's main scenario - which assumes the public health measures put in place around the world stem the rise in the number of cases by the summer - predicts that the UK economy will remain flat in the second half of the year with a strong recovery in the first half of 2021. This would see UK GDP fall by 2.6% this year, then grow by 1.7% in 2021. Alternatively, if the pandemic persists until the second half of next year, KPMG predicts that GDP could contract by 5.4% this year and by another 1.4% in 2021. To read KPMG's news release go to https://home.kpmg/uk/en/home/media/press-releases/2020/03/covid-19-brings-uk-economy-to-temporary-standstill-but-upturn-expected-in-2021.html.
17 March: BCC forecast: Coronavirus could further weaken the UK economy. UK economic growth is expected to slow sharply in 2020 amid disruption caused by the impact of Coronavirus, according to the latest economic forecast by the British Chambers of Commerce (BCC). As of 17 March, BCC predicted UK GDP growth for 2020 of 0.8% which, outside of the 2008/09 financial crisis, would have made 2020 the weakest full-year growth since 1992. The disruptive impact of Coronavirus is expected to weigh significantly on key drivers of UK GDP growth through the first half of 2020. A lack of clarity on the UK’s future trading relationship with the EU and other partners around the world and a struggling global economy is also predicted to limit the UK’s near-term growth prospects. To read the BCC's news release go to https://www.britishchambers.org.uk/news/2020/03/bcc-forecast-coronavirus-could-further-weaken-uk-economy-3.
Global Economy
3 April: The world economy is facing a recession worse than the global financial crisis. At a recent press conference with the World Health Organisation, the IMF's Managing Director, Kristalina Georgieva, warned that "this is a financial crisis 'like no other" and noted that the world economy is now experiencing a recession that is "way worse" than the global financial crisis. "We are witnessing the world economy at a standstill". She also warned that in the current crisis, developing economies are set to suffer the most. To watch Ms Georgieva opening remarks go to https://www.imf.org/en/News/Articles/2020/04/03/sp040320-opening-remarks-for-joint-imf-who-press-conference.
2 April: A deep global recession is predicted in 2020. According to Fitch Ratings' latest Global Economic Outlook (GEO), on the assumption that the health crisis is broadly contained by the second half of the year, world economic activity is forecast to decline by 1.9% in 2020 with US, eurozone and UK GDP down by 3.3%, 4.2% and 3.9%, respectively. "The forecast fall in global GDP for the year as a whole is on a par with the global financial crisis but the immediate hit to activity and jobs in the first half of this year will be worse", commented Brian Coulton, Fitch's chief economist. If a more extended lockdown period is required to contain the virus, Fitch Ratings warns that the damage to 2020 GDP would be more significant. To read Fitch Rating's news release go to https://www.fitchratings.com/research/sovereigns/deep-global-recession-in-2020-as-coronavirus-crisis-escalates-02-04-2020.
22 March: The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the Coronavirus pandemic. A new report by UNCTAD notes that in recent days, advanced economies and China have put together massive government packages which, according to the G20, will extend a $5 trillion lifeline to their economies and a two percentage point turnaround in global output. However, despite this, UNCTAD warns that the world economy will go into recession this year and forecasts a loss of global income in the trillions of dollars. To read UNCTAD's news release go to https://unctad.org/en/pages/PressRelease.aspx?OriginalVersionID=549.
From 'UN calls for $2.5 trillion support package for developing countries to deal with coronavirus shock', UNCTAD/PRESS/PR/2020/004. ©2020 United Nations.
27 March: Coronavirus will lead to significant short-term declines in GDP for many major economies. The latest OECD estimates indicate that the current lockdown of people and businesses will directly affect up to one-third of GDP in the major economies, and for each month of containment there will be a loss of 2 percentage points in annual GDP growth. Consequently, many economies will fall into recession. In addition, the OECD warns that the impact of business closures could result in reductions of 15% or more in the level of output throughout the advanced economies and major emerging-market economies. The tourism sector alone faces an output decrease as high as 70%. To read the OECD's news release go to http://www.oecd.org/newsroom/oecd-updates-g20-summit-on-outlook-for-global-economy.htm.
22 March: A world recession is now almost a certainty. The Centre for Economics and Business Research (Cebr) has reported that it has severely downgraded its forecasts for virtually all economies and predicts that world GDP could fall by at least 4% this year- the largest drop in GDP in one year since 1931 (other than in years affected by war). The biggest falls in GDP this year in the major economies are anticipated to be in Italy (11%), Brazil (8%), Germany (8%) and Spain (8%), while US GDP is expected to fall by 5%. More positively, Cebr notes that provided that both fiscal and monetary action is taken on the extensive scale promised, there should be a sharp economic recovery in 2021, with world GDP growth of 3.4%. However, it will be 2022 before world GDP overtakes the 2019 level. To read Cebr''s news release go to https://cebr.com/reports/a-world-recession-is-now-almost-a-certainty-with-global-gdp-set-to-decline-twice-as-much-as-during-the-financial-crisis-the-challenge-now-is-to-prevent-the-recession-from-turning-into-a-1930s-style/.  
Credit Management News
COVID-19: support for UK businesses. The UK government has introduced a number of measures to support UK businesses severely impacted by the Coronavirus pandemic. In summary, (as of 8 April) these include: 
  • A Job Retention Scheme. Employers can claim for 80% of furloughed employees’ usual monthly wage costs (up to £2,500 a month).
  • Deferred VAT payments. UK VAT registered business which have a VAT payment due between 20 March 2020 and 30 June 2020, have the option to defer the payment until a later date. 
  • Deferred Self-Assessment payments. If you’re due to pay a self-assessment payment on account by 31 July 2020 but the impact of Coronavirus causes difficulty, you can defer payment until January 2021.
  • Income Support Scheme for self-employed. Allows the self-employed to claim a taxable grant worth 80% of their trading profits up to a maximum of £2,500 per month for the next 3 months. 
  • Sick pay to employees. UK employers with fewer than 250 employees will be eligible to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. This will cover up to 2 weeks’ SSP per eligible employee.
  • Business Rates holiday. There will be a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. 
  • Cash grants for retail, hospitality and leisure businesses. Provides a cash grant of up to £25,000 per property. 
  • Support for businesses that pay little or no business rates. Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief, rural rate relief and tapered relief. 
  • Business Interruption Loan Scheme. Supports SMEs with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years. The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees and will provide lenders with a guarantee of 80% on each loan (subject to pre-lender cap on claims). There are 40 accredited lenders able to offer the scheme, including all the major banks.
  • Large Business Interruption Loan Scheme. Provides a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million.
  • COVID-19 Corporate Financing Facility. The Bank of England will buy short term debt from larger companies to support businesses affected by a short-term funding squeeze. 
  • Time to Pay service. All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service. 
For more information on help available go to https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19.
6 April: European Commission and European Investment Fund unlock €8 billion in finance for 100,000 small and medium-sized businesses. The European Commission has announced that it has unlocked €1 billion from the European Fund for Strategic Investments that will serve as a guarantee to the European Investment Fund (EIF), part of the European Investment Bank Group. This will allow the EIF to issue special guarantees to incentivise banks and other lenders to provide liquidity to at least 100,000 European SMEs and small mid-cap companies hit by the economic impact of the Coronavirus pandemic, for an estimated available financing of €8 billion. To read the European Commission's news release go to https://ec.europa.eu/commission/presscorner/detail/en/IP_20_569
Please note that the text above is a summary of the European Commission's news release.
2 April: Experian offers free business credit report to every small business in America and free access to its new COVID-19 US Business Risk Index. Experian has announced that it will offer all American-owned small businesses free access to their Experian business credit report from now until 1 May 2020, to help small business owners in need during the impact of the COVID-19 pandemic.
Experian has also launched a free COVID-19 US Business Risk Index to assist lenders and government organisations understand how to make lending options available to the business segments that need it the most. Small business owners can get access to their free Experian business credit report  at www.freecompanycredit.com. To access the Experian COVID-19 U.S. Business Risk Index, please visit https://public.tableau.com/profile/nicolette.emory5647#!/vizhome/ExperianCOVID-19U_S_BusinessRiskIndex/TableauPublicVersion.
25 March: UK companies to receive a 3-month extension period to file accounts during COVID-19. UK businesses will be given an additional three months to file accounts with Companies House to help them avoid penalties as they deal with the impact of COVID-19. All companies who apply will automatically be granted the extension without needing to provide evidence. Although this joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus, there is a potential downside according to Greg Connell, Managing Director of InfolinkGazette. He warned: "companies should think twice before they avail of the 3-month extension because there is no guarantee that the Credit Reference Agencies will apply a 3-month extension to their credit scoring algorithms." To read InfolinkGazette's news release go to https://www.infolinkgazette.com/?pid=6.
21 March: FCA requests a delay to preliminary financial accounts. The Financial Conduct Authority (FCA) has written to all public companies planning to publish preliminary financial statements requesting them to delay their forthcoming announcement of preliminary financial accounts. The FCA advised: "the unprecedented events of the last couple of weeks mean that the basis on which companies are reporting and planning is changing rapidly. It is important that due consideration is given by companies to these events in preparing their disclosures. Observing timetables set before this crisis arose may not give companies the necessary time to do this." Greg Connell, Managing Director of InfolinkGazette, said: "While this measure will give companies more time to consult and prepare the appropriate disclosures, it will considerably slow down the flow of price-sensitive information". To read InfolinkGazette's news release go to https://www.infolinkgazette.com/?pid=6.
Events & Offers
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. RESCHEDULED TO 1-2 OCTOBER 
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.
GTR US 2020, 17 June 2020. Chicago.  RESCHEDULED TO 28 OCTOBER 
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. 
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. 
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. 
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.
About the Sponsor: InfolinkGazette
InfolinkGazette, a trading style of Connell Data Ltd was established in 2012 to collect and digitise all of the information available on UK Insolvencies, with the original aim of helping credit insurers, brokers, debt collection agencies and risk managers to find the optimum time to call commercial prospects, and present their company's solution; the time when the prospect has the greatest propensity to purchase a credit insurance or credit risk Management solution, which is shortly after the prospect has incurred an unsecured credit loss, following one of their customers going out of business.
In an average quarter period, InfolinkGazette data quality editors process 3,000 insolvency files, with total unpaid/unsecured credit losses of over £1 billion, resulting from an approximately 45,000 ordinary unpaid trade creditors, who have each lost an average of more than £30,000.
The information is available via our website 24/7, with extensive search, viewing & download facilities; the database of over 1 million records, increases at the rate of almost 15,000 unsecured creditors per month, which means we are constantly refreshing the supply of quality new business prospects and risk management data for credit professionals.
InfolinkGazette take data from print media, or other analogue sources, aggregate it with other relevant information from commercial registries, and supply it in a structured digitised format, to support risk, opportunity and compliance decision making.
Our information services include: UK & ROI Insolvency data and daily feeds; London Stock Exchange Profit Warnings & Acquisitions; Deliberate Tax Defaulters; IRS Registrations; Crown Dependency Registration Information.
We also provide bespoke product development, and application hosting services for our data customers, including: case management systems; credit scoring & decisioning systems; API’s and online web portals.
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