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

Blockchain and Trade Finance: how it could work

| 07-06-2018 | by Vincenzo Masile | treasuryXL|

How can trade finance operate leveraging a Blockchain based infrastructure to drive efficiencies, reduce cost base and open up new revenue opportunities?

It is vital that the international trade flow is smooth and transparent but this is not always the case for the below reasons:

Current Isues

Manual contract creation: The import bank manually reviews the financial agreement provided by the importer and sends financials to the correspondent bank
Invoice factoring: Exporters use invoices to achieve short-term financing from multiple banks, adding additional risk in the event the delivery of goods fails
Delayed timeline: The shipment of goods is delayed due to multiple checks by intermediaries and numerous communication points
Manual AML review: The export bank must manually conduct AML checks using the financials provided by the import bank
Multiple platforms: Since each party across countries operates on different platforms, miscommunication is common and the propensity for fraud is high
Duplicative bills of lading: Bills of lading are financed multiple times due to the inability of banks to verify their authenticity
Delayed payment: Multiple intermediaries must verify that funds have been delivered to the importer as agreed prior to the disbursement of funds to the exporting bank

Blockchain can help as follows:

Blockchain Advantages

Real-time review: Financial documents linked and accessible through Blockchain are reviewed and approved in real time, reducing the time it takes to initiate shipment
Transparent factoring: Invoices accessed on Blockchain provide a real-time and transparent view into subsequent short-term financing
Disintermediation: Banks facilitating trade finance through Blockchain do not require a trusted intermediary to assume risk, eliminating the need for correspondent banks
Reduced counterparty risk: Bills of lading are tracked through Blockchain, eliminating the potential for double spending
Decentralized contract execution: As contract terms are met, status is updated on Blockchain in real time, reducing the time and headcount required to monitor the delivery of goods
Proof of ownership: The title available within Blockchain provides transparency into the location and ownership of the goods
Automated settlement and reduced transaction fees: Contract terms executed via Smart Contract eliminate the need for correspondent banks and additional transaction fees
Regulatory transparency: Regulators are provided with a real-time view of essential documents to assist in enforcement and AML activities

Part of the gain from digitization lies in cutting costs: transactional and overheads. Digitization should also free the flow of finance to firms starved of it, partly by helping banks’ compliance with anti-money-laundering rules.

Vincenzo Masile

Treasury Expert/Credit Risk Manager

New style post executive education in Treasury management & Corporate Finance at the Vrije Universiteit Amsterdam

| 06-06-2018 | by Herbert Rijken |

For more than 20 years the Vrije Universiteit Amsterdam is running a postgraduate executive program in Treasury Management. The educational design of this program is unique in treasury management education. It aims to stimulate development as an academic professional. It mixes useful academic knowledge for practitioners with hands on knowledge useful in daily practice of treasury professionals. To make this happen the program is at an academic master level and much time spent in interactive sessions with various academic and professional experts in the field of treasury management and corporate finance.

The curriculum has recently been modified for a better fit with young finance professionals willing to boost their career with high Master level post graduate executive education.

1) The curriculum has been re-organized in 6 clear defined modules which all can be completed in 1.5 years.

2) The scope of the curriculum has been broadened by a more clear focus on Corporate Finance in 2 modules, so the name of the program has become Treasury Management & Corporate Finance.

3)In September 2018 this program will be given entirely in English to connect to the increasingly larger community of non-Dutch speaking finance professionals in The Netherlands. But also, English is becoming more common in the treasury business.

4) The curriculum has been designed in such a way exemptions apply to applicants with Dutch RA and RC qualifications.

After finishing the program you will receive the certificate of a Registered Treasurer which is well recognized in the treasury community. Partners of the program are KPMG, Orchard Finance, PwC and Zanders Treasury & Finance Solutions. Senior affiliates lecture in the program. The program is also strategic partner of the Dutch Association of Corporate Treasurers and TreasuryXL.

For more information see our website:

Prof. Dr. Ir. Herbert Rijken – Professor Corporate Finance at VU University Amsterdam

[button url=”http://www.treasuryxl.com/community/experts/herbert-rijken/” text=”View expert profile” size=”small” type=”primary” icon=”” external=”1″]

[separator type=”” size=”” icon=””]

Cyber Security and Business Intelligence

| 5-6-2018 | TIS |

Fintech Hotseat – AFP 2017: Alongside smaller companies, there are still many medium and large sized companies that have not yet implemented real-time monitoring of their payment processes. The result? These organizations then fail to discover missing cash until the end of the month. In this interview during the AFP Conference 2017 Giancarlo Laudini, SVP Global Sales and Marketing Operations, gives you insights how business intelligence can help you to prevent cyber crime and fraud in your organisation.

To see full interview click here

Content originally posted on TIS on 15/1/2018

BCR Publishing

We are the leading provider of news, market intelligence, events and training for the global receivables finance industry.

Follow BCR Publishing

ARTICLES

Blockchain and Trade Finance: how it could work

Current Isues

Blockchain Advantages

New style post executive education in Treasury management & Corporate Finance at the Vrije Universiteit Amsterdam

Cyber Security and Business Intelligence

Go to

Partner Program

Contact us

Subscribe