Treasurers seek flexibility in cashflow hedging as pandemic-related supply chain disruptions bite Source: Risk feed

UK, April 2021 Gen10 today announced their latest successful remote implementation as Euro Alloys began using their CommOS commodity management system. The implementation under Covid-19 “lockdown” was made possible by the off-the-shelf, scalable cloud design of CommOS. Euro Alloys, a…

April, 22nd. Enuit LLC announced today that ITOCHU Corporation has gone live with the second phase of their ENTRADE implementation supporting their fuel requirements in Tokyo. ITOCHU Corporation which has a rich history, dating back to 1858 has 100 bases…

Earlier, I spoke with Ms. Irina Reitgruber of FIS’ Cross Asset Trading and Risk business to find out how things were going for FIS in commodities. FIS has won its first client in the LNG space and is now very…

Source: Risk feed

Letter of credit (LC) business and correspondent banking relationships “slumped substantially” across Africa in the initial months of the Covid-19 pandemic, according to a new report from the African Export-Import Bank (Afreximbank) and the African Development Bank (AfDB). The Africa…

UAE Trade Connect (UTC), a trade finance solution that addresses the risk of double financing and fraud across the United Arab Emirates, has moved into full commercial production. Having been in development since 2017 through an initial collaboration between telecommunications…

Opaque company structures and questionable transactions at the heart of Sanjeev Gupta’s GFG Alliance are driving public and private sector lenders away, leaving a major funding gap after Greensill’s collapse. The alliance, a loose network of companies with ties to…

The Bankers Association for Finance and Trade (Baft) has released a new whitepaper that provides recommendations and key considerations for the development of high-speed cross-border payments around the world. Produced by Baft’s cross-border faster payments working group, which is made…

Texas, already the U.S. state with the most wind energy capacity, is catching up to California in utility-scale solar capacity. California currently has the most installed utility-scale solar capacity of any state. According to survey reports on EIA’s Preliminary Monthly…

The Eastern and Southern African Trade and Development Bank (TDB) has issued a three-year partial risk guarantee facility to support women-led small and medium enterprises (SMEs) in Burundi. Provided as part of its Trade and Development Fund (TDF), the guarantee,…

Key facts FIS continues to drive global eCommerce with domestic acquiring capabilities in high-growth regions of Southeast Asia and Africa . Through its Worldpay product portfolio, FIS will bring new payment options to merchants and eCommerce providers across these new…

Swiss bank is said to have lost clearing business amid uncertainty over its future Source: Risk feed

Dubai Multi Commodities Centre (DMCC) plans to create the first precious metals refinery and storage facility in the Gulf region enabled by blockchain technology. The facility will refine and store precious metals including gold, silver, platinum, palladium and rhodium, which…

Product Director, Brady TechnologiesAs an energy trader, Chris was present at two market openings before Heading up EDF Energy’s Trading and Operations capabilities between 2009 and 2017. As Vice Chair of the Power Trading Committee and as Chair of Energy…

Adaptive recently won the A-Team TradingTech Insight Awards – Europe 2021 for Best Cloud-Based Trading Environment (read more here). We are delighted to announce that we have been shortlisted for its USA 2021 edition in four categories: They are: Best…

INDATA Software-as-a-Service (SaaS), Cloud & Managed Services Offerings Continue to Exceed Industry Standards Allowing Clients to Operate Securely, Remotely and Efficiently Greenwich, CT — April 21, 2021 – INDATA, a leading industry provider of software, technology and managed services… INDATA…

By all accounts, Amphora had a pretty good year in 2020, a record year that saw the vendor almost double its client base in just two years, so I was keen to catch up with Amphora’s Ivan O’Toole to see…

Updated plan could spike prices and volatility – harming not just brown bonds, say dealers Source: Risk feed

Chinese banks are being urged to commit to zero tolerance of illegal wildlife trade, given their high potential for exposure to dealings in Asia and as they become more influential in the global financial system. New guidance from Traffic, a…