Month: November 2019

Words of an expert and designer of trade digitalisation solutions for both banks and companies. Trade Finance has long been insensitive to technological progress, remaining instead – both due to tradition and necessity – locked into manual, complex and resource-consuming practices. In the 2000s, banks, who were keen to reduce their operational costs, invested in…
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According to Emmanuel Léchère, Market Intelligence Manager at Redbridge, fees for notifications and the use/removal of documents and amendments, which are often proportional to the amount of a documentary credit, are as unjustified in an export contract as are account activity fees on commercial debit flows (CMC). Trade finance tools, which are designed to regulate…
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