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March
CGI Group has rebranded its trade finance platform known as Proponix360 to CGI Trade360.
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Comment from Iain MacDonald, head of trade product, Barclays and the British Chambers of Commerce following the release of today's ONS UK Trade Statistics.
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Bank of America Merrill Lynch has named a new regional treasury executive for Europe, the Middle East and Africa.
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Deutsche Bank's has appointed a new regional head of trade finance and cash management for Germany.
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Amsterdam Trade Bank has signed a 10-year licence with software firm Misys for its core banking system Misys BankFusion Equation.
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Austria’s Oberbank has selected SmartStream Technologies’s TLM Trade Finance to create a single platform for its cross-border and domestic business.
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DBS has appointed a new group head of global transaction services.
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JP Morgan treasury services is set to expand its treasury offering in Malaysia as part of a $1 billion global investment announced in 2008.
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Citi names veteran transaction banking specialist to head up the industrials sector for corporate clients in EMEA.
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Former trade head for Africa to take over responsibility for Citi’s Bank Services Group in the Asia Pacific region.
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February
The European Commission has charged UniCredit with carrying out a large portion of the Commission's SEPA payments.
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Procurement specialist Ariba has appointed Peter Lugli as its senior director, working capital management and business development.
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Standard Chartered Bank has appointed a new global head of product management for its transaction banking business.
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JPMorgan is the latest bank to open an Abu Dhabi office on the back of the emirate’s increasingly prominent role in finance post-Dubai debt crisis.
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NGC (New Generation Computing) has released its new streamlined vendor payment automation software.
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Alexander R.Malaket explores the state of trade and trade finance in Mexico at a time when the country’s two Nafta partners are each dealing in their own way with the consequences of the crisis.
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There are signs that exporters are adapting to the new economic realities, but dark clouds in Southern Europe could affect export growth.
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A group of investors led by Bain Capital Ventures has completed a third round of investment for The Receivables Exchange, the online marketplace for the trading of accounts receivables.
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Finacity Corporation, together with Norddeutsche Landesbank Girozentrale, has facilitated a European trade receivables securitisation for CHC Helicopter.
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A survey by Misys reveals banks are consolidating their transaction and payment services within trade finance.
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Comerica Bank selects CGI for global trade and supply chain services processing.
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Germany’s Helaba Group has selected TLM Trade Finance to automate its letters of credit and guarantees business.
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Partnership Finance signs up for Surecomp’s allFAC receivables management solution.
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Deutsche Bank expands its UAE presence with a branch in Abu Dhabi that will initially focus on trade finance and global transaction banking.
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GE Capital is now the exclusive provider of financing for Yamaha Motor Canada’s dealer inventory finance programme.
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January
Sonic Automotive has entered into supplier financing agreement with a group of automotive manufacturers.
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Surecomp has agreed to partner with IT solutions provider Callataÿ & Wouters for a trade finance product.
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HSBC has made several senior appointments in its Greater China and Taiwan trade and supply chain team.
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Bank of America Merrill Lynch expands its treasury services team in London and Frankfurt with six hires.
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Dubai Export Development Corporation (DEDC), an agency of the Dubai Department of Economic Development, is set to offer the first in a series of seminars to encourage UAE firms to export
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NatWest and RBS have launched an Exporter’s Package, to help support UK businesses looking to sell their goods and services abroad.
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FIMBank has announced three key appointments in trade services, corporate and institutional banking, and transaction management control.
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According to a survey of UK accountants, the invoice finance industry uses too much jargon and should drop terms such as factoring and invoice discounting in favour of simpler terms like cashflow finance.
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Nigeria’s United Bank for Africa has commenced operations in Zambia with trade finance a focus area.
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Global Business Intelligence has completed its first benchmark around Basel II capital allocations for trade finance.
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HSBC has launched a $100 million fund specifically for UAE companies engaged in cross-border business.
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Deficit narrowed to £2.9 billion in November 2009, with balancing working capital seen as crucial for importers and exporters.
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TradeCard, the supply chain collaboration platform, has reported 10% revenue growth in 2009.
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Under Andre Casterman, Swift’s trade and supply chain team are spearheading a renewed focus on trade for the cooperative in 2010.
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Calyon has gone live with a new purchase order and invoice management system by software firm Misys.
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Swiss private Bank Corner Banca has selected CREDIC as the software to support its trade finance operations.
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DBS has implemented Surecomp trade finance solution in the UK and Taiwan with plans for further roll out in the Gulf and US.
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IFC mulls role in supporting emerging market suppliers’ interest in supply chain finance solutions.