Demand for supply chain finance is growing, with banks providing of supply chain finance – and banks are stepping up their services to match the demand. according to Adeline De Metz, Global Co-Head of Trade Finance at UniCredit. UOB's Financial Supply Chain Management (FSCM) solutions can help your business We provide end-to-end cash and trade solutions and flexible financing 19 May 2009 over the past few years” and states the demand for supply chain finance services is continuing to grow.10 Similarly, Global Trade Review of trade linked to open account terms and to the support of global supply chains, is proving to be challenging for buyers, sellers, finance providers, service ANZ combines traditional trade solutions with structured products, supply chain financing and includes electronic services.
Our comprehensive trade and supply chain finance solutions can drive down costs, boost visibility, reduce risks and deepen relationships with key counterparties. All accessible via our next-generation CashPro® Trade platform that can help importers and exporters simplify transactions with single sign-on convenience. Supply chain finance is a set of tech-based business and financing processes linking the parties in a transaction for lower costs and improved efficiency. Supply chain finance works especially well when the buyer has a better credit rating than the seller and can thus access capital at a lower cost. Supply Chain Finance for Buyers Our buyer-led solution, supported by a global, multilingual and multicurrency platform, links buyers to more than 18,000 suppliers, streamlining the payable process while providing suppliers with the option to receive early payment.
Supply chain finance has now surpassed traditional trade finance in market revenues. We expect this trend to accelerate over the next three to five years, driven by three waves: deepening of established solutions targeted at suppliers, further integration and sophistication of products for buyers and, ultimately, convergence between buyer and supplier oriented solutions. Greensill founder and chief executive Lex Greensill says supply chain finance can help push more cash into the economy by speeding up payments while Steven Furman, executive director of TIM
Access to adequate and timely Trade and Supply Chain Finance (TSCF) solutions is a key element for economic development, but this is not simple for
A typical service offering from a bank will include: Letters of credit (LC); Import bills for collection; Shipping guarantees; Import financing; Performance bonds So as well as achieving considerable process and liquidity savings, your trade finance can be integrated into the services that you offer to customers and suppliers.