BCR Publishing
We are the leading provider of news, market intelligence, events and training for the global receivables finance industry.
Working with industry leading organisations, experts, governments and universities, BCR Publications delivers expertise in factoring, receivables and supply chain finance to a global audience.
BCR has long been a beacon of innovation and excellence in the realm of receivables finance, playing an instrumental role in shaping the industry’s international landscape. Through its comprehensive conferences, insightful publications, and thought leadership, BCR has facilitated crucial dialogues and connections among industry professionals, driving forward the development of receivables finance globally.
Follow BCR Publishing
Free passes
For corporate treasurer roles/functions!
Ask the treasuryXL expert #1 How might digital trade transactions reduce the threat of fraud and money laundering?
04-07-2022 | treasuryXL | Vincenzo Masile | LinkedIn |
treasuryXL is the community platform for everyone with a treasury question or answer!
Today, we discuss a question that treasuryXL expert Vincenzo Masile often gets to hear within his treasury network about digital trade finance.
This edition, the following question will be answered:
“How might digital trade transactions reduce the threat of fraud and money laundering?”
Vincenzo Masile
“That is a question I think is very relevant right now, especially after Covid. Firstly, let me look back at trade finance over the past few years. In 2019 and 2020, trade finance came under scrutiny following a number of high-profile defaults, suspected frauds and double financings and, in some cases, the failure to provide proper collateral for goods.
While legislation to recognize electronic trade documents will not bring about an overnight change in financier confidence, it is likely to do so in the medium term.
A game-changer for digital trade
The availability of fully enforceable electronic trade documents recognized by the most widely used trade jurisdiction will in itself have a major impact on the approach of both companies and financiers towards digital trading solutions.
Transferable records, such as bills of lading, are the most important commercial documents in trade and currently, less than 1% of bills of lading are in electronic form. This is a huge missed opportunity, given that electronic transferable records will make trade safer, paperless, easier, cheaper, faster, and greener for companies.
Implications for the security in trade transactions and regulatory treatment of trade finance: URDTT
The Uniform Rules for Digital Trade Transactions (URDTT) version 1.0 are the result of the mandate given by the ICC (International Chamber of Commerce, Paris) Banking Commission to develop a high-level structure of rules, obligations, and standards for the digitalization of trade transactions.
The ICC Uniform Rules for Digital Trade Transactions (URDTT) are intended:
1. For a fully digital environment;
2. To be neutral with regard to technology and messaging standards; and,
3. To extend into the corporate space, including commercial transactions and the growing community of non-bank providers of financial services.
The URDTT are designed to be compatible with UNCITRAL (United Nations Commission on International Trade Law) Model Laws, including those Electronic Commerce, Electronic Signatures and Electronic Transferable Records.
The rules will serve as an overarching framework for digital trade transactions thereby providing global standardization, consistency and conformity, providing a collective understanding of terms and definitions, whilst promoting and supporting the usage of electronic records/documents/data.
Various technology service providers have already publicly stated their intention to work with the URDTT, in fact, a number have already incorporated the URDTT into their platform rulebooks and are actively looking at developing trade products based upon the URDTT.
Conclusions
Trade finance functions that adopt appropriately targeted automation and advanced analytics as integral parts of their compliance operations will be more important than ever in this uncertain international environment. With such high volumes of transactions and increasing complexity, efficient trade financing is key to ensuring that warehouses, harbors and supply chains are running smoothly – thus keeping the age-old business of international trade firmly afloat.”
Do you also have a treasury-related question? Feel free to leave your question on our treasuryXL Panel. The panel members are willing to answer your question, free of charge, with no commitment.
marcus evans | 3rd Edition Commodity Markets Modelling, Analytics & Risk Management | 12-14 September | London
30-06-2022 | treasuryXL | marcus evans | LinkedIn |
We are proud to announce our media partnership with marcus evans group for the 3rd Edition Commodity Markets Modelling, Analytics & Risk Management conference taking place in London on 12-14 September 2022.
London, UK
12 – 14 September, 2022 | 08:30 BST
There are many challenges involved with Commodity Markets Modelling. A major one at the moment is the volatility within the energy markets, specifically the spike in the price of energy including gas throughout the European and world markets. Another challenge which has been there for slightly longer is the generating and accessing of quality data which can feed modelling, in particular AI and machine learning models. There also exists a specific challenge around the modelling of renewables which has become an area of increased interest over the last few years. Finally, there is always a push to have new techniques which can help to improve the performance of trading teams in a very competitive market.
With this in mind, the marcus evans 3rd edition Commodity Markets Modelling, Analytics & Risk Management conference held between 12-14 September, 2022 in London, UK will provide the much-needed techniques on optimising modelling and trading within commodity markets. The event will deliver attendees tailored sessions on accessing the best data types to assist accurate modelling and forecasting. Practical solutions will be delivered regarding battery storage and modelling of intermittent weather sources such as wind and solar energy. Finally, new innovation tools which can assist traders and decision makers in commodity markets spaces will be explored and evaluated.
Attending This Premier marcus evans Conference Will Enable You To:
Best Practices and Case Studies from:
Special discounts available to Treasury XL subscribers! For more information please contact Ria Kiayia, Digital Media and PR Marketing Executive at [email protected] or visit: https://bit.ly/3HvwFYs
Invitation Open Evening: Treasury Management & Corporate Finance | July 5 | Vrije Universiteit Amsterdam
29-06-2022 | treasuryXL | VU Amsterdam | LinkedIn |
The Vrije Universiteit Amsterdam invites you to join the Online Open Evening on Tuesday, 5 July 2022.
Treasury Management & Corporate Finance 19.00 – 20.00 hrs.
Sign up for the Online Open Evening
The postgraduate Executive Treasury Management & Corporate Finance programme combines two finance disciplines which largely overlap and are inextricably connected: Treasury Management and Corporate Finance. For this reason, it is a unique programme both in the Netherlands and abroad. It has now been running for more than 20 years at Vrije Universiteit Amsterdam. This postgraduate programme aims to promote development as an academic professional through a mix of academic theory and case studies of real issues in the field of treasury management and corporate finance.
Upon successful completion of this 18-month programme, you will be awarded with the title of Registered Treasurer (RT), a well-known and widely recognised title within the treasury professionals’ community. Exemptions apply to alumni of Dutch RC and RA programmes.
There are five key benefits of attending this programme
The programme Treasury Management & Corporate Finance at a glance
View all admission requirements, costs & practical information
Partners in delivering this programme are Orchard Finance, KPMG, PWC, Zanders and EY.
Best regards,
Herbert Rijken
Programme director