Trade Finance Global (TFG) has collaborated with UK Export Finance (UKEF), the United Kingdom’s export credit agency, and Department of International Trade (DIT) to create the UK Trade & Export Finance Guide.
The 60-page guide is presented against the background of difficult geopolitical conditions and an ever-changing financial environment.
This guide seeks to offer a better image of how to manage the present economic situation of the sector by examining recent concerns such as the COVID-19 pandemic, Brexit, and the current Russia-Ukraine war.
Tim Reid, director of business group at UK Export Finance, says:
“Exports can help businesses increase profits and grow, especially when you are supplying to industries that are growing faster outside of the UK.
“That’s why we are pleased to be working with Trade Finance Global to help business leaders understand the benefits of trade and how the right finance can unlock new opportunities.
“As the UK’s national export credit agency, we can help businesses tap into global markets by making export finance and insurance more accessible.”
Mark Abrams, global head of trade and receivables finance at TFG, says:
During these uncertain times a guide such as this one can really help shed light on UK trade and export requirements.
This most recent guide starts with a concise explanation of trade finance and its benefits for funding a company’s future growth.
The book next discusses the trade cycle and the intricacies of initiating or extending international trade operations in the context of the funding gap.
In order to give a more full view of the industry, the guide also provides UK exporters with thorough information about UKEF’s trade financing and insurance products.
Elsewhere, the guide differentiates between financed and unfunded trade finance, providing a comprehensive overview of buyer-seller partnerships’ fundamental dynamics.
The trade and export finance guide addresses pre-shipment, post-shipment, and supply chain financing and provides an overview of related risks since international trading may be difficult.
Examples of how this all comes together is shown through two UK case studies; First Subsea, a designer and manufacturer of cable protection systems for offshore wind farms, and Union Papertech, a British tea and coffee supplier.
The guide is freely available to download now at www.tradefinanceglobal.com/export-finance