Ngulminthang Lhanghal - Financial Expert

According to the latest Global Report 2027, the global trade finance market size is expected to reach US$ 10987510 million by 2027, from US$ 7616520 million in 2020, at a CAGR of 5.4% during 2021-2027.  The expanding global imports & exports are the considerable factors which can be seen as a reason behind spreading trade finance market size during the forecast period. This report revolves around highlighting various factors about the trade finance industry ranging from its market size, future estimates, development opportunities, key markets, and leading players. The agenda of the study is to demonstrate the development of Trade Finance in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America. Apart from this, digitization also plays a vital role in accelerating the growth of the industry and its market size. In current times, almost all trade finance-related procedures rely on a large volume of physical paper documentation. These document-r

According to the latest news on Oct 20, Contour, the digital trade finance network has joined hands with the Global Legal Entity Identifier Foundation (GLEIF) to empower the utilization of Legal Entity Identifiers (LEIs) within its network and also to financially aid its participants in getting their own LEI. Getting the reliable & established universal entity identifier will boost much more confidence in Contour’s members when it comes to transacting with their trading counterparties. Plus, it is also helpful in decreasing data reconciliation costs, limited transaction errors, and enhancing risk management. The LEI, facilitated by GLEIF, is a 20-character ISO 17442 code that gives businesses a unique identity to be used across markets and jurisdictions. The code is associated with annually evaluated business reference information and proprietorship structure data about a legal entity in an uninhibitedly available online registry - the LEI index. It can be faster verified by anyone

 As per the latest reports, Tradeteq, a technology service provider for trade finance asset distribution has completed its most-talked world’s first trade finance-based non-fungible token (NFT) transaction, on Singapore-based eXchange inFinite’s (XinFin) XDC network. This aforesaid new transaction took place with Accelerated Payments, a Dublin-headquartered invoice finance company as the asset originator. During executing the transaction, the trade finance assets were transformed into NFTs by leveraging the XDC network’s blockchain technology. This enables the institutional financial backers to purchase and sell the tokens that demonstrate the value of an off-chain asset as well as provides the token holders with the lawful entitlement. Accelerated Payments Founder and CEO Ian Duffy said in the report, “The joint effort between XinFin, Tradeteq, and Accelerated Payments ensures a complete & transparent chain from investors to the beneficiary of funding with reliability and liquidit

As per the latest reports on Sept 22nd, the first green trade finance facility has been announced by the Standard Chartered following the declaration of the latest set of sustainable trade finance solutions across Asia, Africa, and the Middle East, Europe, and the Americas earlier this year. The aforesaid announcement of a green trade finance facility is expected to assist Amplus Energy Solutions, a UAE-based subsidiary of Asian energy firm Amplus Solar, in its solar generation business. Amplus Solar is a member of the Petronas Group that facilitates low-carbon energy solutions to industrial and commercial clients. According to the bank, the financing with an undisclosed amount will be utilized to help the organization in applying sustainable practices and constructing a more feasible & resilient supply chain. This is the main excursion for Standard Chartered's new sustainable trade finance recommendation, which consists of the Loan Market Association (LMA) green and sustai