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The US opens its doors to digital trade finance with Article 12A new chapter in American commercial law begins today, 3 ...
03/06/2026

The US opens its doors to digital trade finance with Article 12

A new chapter in American commercial law begins today, 3 June, with Article 12 of New York’s Uniform Commercial Code (UCC) set to reshape how negotiable instruments move.

Globally, Article 12 sits alongside the UK’s Electronic Trade Documents Act 2023 and UNCITRAL’s Model Law on Electronic Transferable Records (MLETR), writes Alex Waites, Chief Sales Officer at Enigio.

In May 2026, J.P. Morgan Payments announced the expansion of its electronic bill of exchange (eBoE) solution to the US, powered by Enigio’s trace:original. “J.P. Morgan Payments has been a first mover in eBoEs since the laws started to change around the world, and we're delighted that we can now bring this solution to our home country,” Natasha Condon, Global Head of Trade Sales at J.P. Morgan Payments, told Trade Finance Global (TFG).

📖 To find out more, read the full article here:
https://www.tradefinanceglobal.com/posts/the-us-opens-its-doors-to-digital-trade-finance-with-article-12/

🎥 Sign up to Enigio's webinar on this new phase of eBoEs ⬇️
https://enigio.com/webinars/bills-of-exchange-reinvented/?utm_campaign=396388591-J[?]e=webinar_promotion&utm_medium=webinar_referral&utm_content=TFG

⚖️ Which law decides if your electronic trade document is legal? Which law decides if your electronic trade document is ...
29/05/2026

⚖️ Which law decides if your electronic trade document is legal?

Which law decides if your electronic trade document is legal?

The 2017 adoption of the Model Law on Electronic Transferable Records (MLETR) by the United Nations Commission on International Trade Law (UNCITRAL) has provided a legislative template for the use of negotiable instruments and documents, such as bills of lading (BLs), bills of exchange, and promissory notes, in electronic form.

The adoption of the MLETR is gaining momentum, having already been enacted by major players such as China, France, Singapore, and the UK. Actual use of electronic documents is also increasing, writes Luca Castellani, an architect of the UNCITRAL MLETR.

Some electronic transferable records, such as BLs, are inherently used across borders. It is therefore necessary to ensure that their legal validity and effect is recognised and enforced in every relevant jurisdiction.

📖 Read the full article: https://www.tradefinanceglobal.com/posts/which-law-decides-if-your-electronic-trade-document-is-legal/

🇸🇬 TFG Singapore: A recapTFG Singapore was a whirlwind, and although the jetlag lingers, we learned loads and can't wait...
27/05/2026

🇸🇬 TFG Singapore: A recap

TFG Singapore was a whirlwind, and although the jetlag lingers, we learned loads and can't wait to catch you up.

Some key takeaways from the day:

The $2.5 trillion trade finance gap continues to haunt small businesses, and in Asia, this is only amplified by the increasingly stringent regulatory and compliance requirements. Non-bank lenders are thereby emerging as crucial players.
For trade credit insurers operating across Asia, although data and documentation are often at the forefront, strong relationships with traders is more important than ever before.
While the world appears to grow increasingly fragmented, securing critical minerals supply chains demands diversification and, subsequently, international cooperation.
As more institutional capital reaches for commodities, the commodity trade finance market is changing, with growing need for transparency, investor education, and strong risk management frameworks.
When it comes to supply chains, the priority is increasingly shifting towards having built-in resilience, rather than maximising efficiency. However, smaller players risk bearing the brunt of rising costs.

Keep an eye out for more content in the next few weeks. We have some exciting interviews and in depth explorations of the panels coming up!

Alongside the TFG team, the day was made possible by:

Keep an eye out for more content in the next few weeks. We have some exciting interviews and in-depth explorations of the panels coming up! | Maxwer Group AG | MUFG | Santander | Sing Fuels | TradeFlow Capital Management | Watson Farley & Williams | SONUS NOBILIS | AIMA - The Alternative Investment Management Association | COMMODITY TRADING CLUB | CommodityThursdays | FCI | ITFA | Singapore Mining Club | WOMAG

So here is how we finished off TFG Singapore - Commodity Trade Finance Conference…The seventh panel of the day dived int...
21/05/2026

So here is how we finished off TFG Singapore - Commodity Trade Finance Conference…

The seventh panel of the day dived into how geopolitical tensions, sanctions, and market volatility are reshaping risk management practices across commodity trading. The discussion featured:

• Moderator: Jonas Rey, CEO, Athena Intelligence
• Baldev Bhinder, Managing Director, Blackstone & Gold
• Ashish Kohli, Head of Trade Finance Product Management APAC, ING
• Anton Ruddenklau, Head of Financial Services Advisory, KPMG Singapore
• Vanessa Xavier, General Manager – Singapore & Regional Credit Manager – Asia & Middle East, Peninsula

Speakers emphasised the growing importance of sanctions compliance, counterparty due diligence, and stress testing amid ongoing geopolitical uncertainty.

This was followed by a panel on critical minerals, and how they are more important than ever before. The discussion featured:

• Moderator: Doga Usanmaz, Reporter, Trade Finance Global (TFG)
• Anis Nassar, Head of Critical Minerals, World Economic Forum
• Alexander Peters, FCMA, CGMA, EMBL HSG, CFO, Torq Commodities
• Joe V., Global Client Development and Head of Buy Side APAC, London Metal Exchange
• Zisu W., Commodity Derivatives Broker, SCB Group
• Gautam Varma, Managing Director, V2 Ventures Pte Ltd

The panelists highlighted the increasing significance of supply chain diversification, pricing transparency, and international cooperation in securing access to critical minerals. They examined the challenge of building refinement capacity.

The final session of the day explored liquidity constraints faced by small and medium-sized enterprises (SMEs) and mid-cap traders across Asia Pacific's (APAC) trade finance market. The discussion featured:

• Moderator: Mark Abrams, CEO, Trade Finance Partners (TFP)
• Simon Bishop, Managing Director, Corpay Cross-Border Solutions
• Fred Dons, Head of Trade Finance, Stavian Singapore
• Pierre-Yves R., CEO, Interasia Energy

The speakers unpacked how stricter compliance requirements, regulatory pressures, and banks’ preference for larger clients continue to widen the trade finance gap for smaller traders in Asia. Non-bank lenders, private credit, and digital solutions are playing an increasing role in improving access to finance and supporting more resilient trade flows.

We spoke with Simon Bishop, Managing Director at Corpay, who told us all about the key currency risks affecting Singapore's commodity traders, and how hedging can help mitigate foreign exchange (FX) risk.

Networking drinks were accompanied by a piano performance by our cultural sponsor, SONUS NOBILIS, and we ended the night wandering around Singapore!

Here is what we’ve been up to at TFG Singapore…In panel four, the panelists unpacked how institutional investors are app...
20/05/2026

Here is what we’ve been up to at TFG Singapore…

In panel four, the panelists unpacked how institutional investors are approaching risk in the evolving commodity trade finance market.

The speakers highlighted the growing importance of transparency, investor education, and stronger risk management frameworks as more institutional capital enters the commodities sector. Artificial intelligence (AI), blockchain, and digital platforms are also playing an increasing role in improving visibility.

After lunch, we reconvened for our fifth panel, which explored the growing role of trade credit insurance in the Asia Pacific (APAC) market.

Strong data, transparent documentation, and deeper relationships with traders are becoming increasingly important for insurers and financiers in assessing risk and supporting expansion into new markets.

Then, our sixth panel explored how ongoing geopolitical disruptions are reshaping global supply chains and risk management strategies.

Greater resilience also brings more fragmented trade flows and increasing cost pressures, particularly for smaller market players.

More updates to follow…

TFG Singapore - Commodity Trade Finance Conference kicked off this morning with trade fragmentation as a central focus.A...
20/05/2026

TFG Singapore - Commodity Trade Finance Conference kicked off this morning with trade fragmentation as a central focus.

A big thank you to Vivian Sia, President, WOMAG, who delivered the open remarks.

The first panel, titled 'How are tariffs, trade sanctions, and conflicts changing trade flows within APAC?', featured:
- Peter Taylor, Global Head of Commodity Strategy, Macquarie Group
- Shankar Radhakrishnan, Director and Head Trade and Supply Chain, Bank of America Merrill Lynch
- Neha Noronha, Unit Head (South Asia), Asian Development Bank (ADB)
- Gopul Shah, Director, Corporate Treasury and Structured Trade Finance, Golden Agri-Resources (GAR)
- Moderator: Vivian Sia, President, WOMAG

The panel explored how dependency shifts are accelerating, from the US and China towards more regional, intra-Asian trade corridors, particularly across markets in the Association of Southeast Asian Nations (ASEAN). Speakers highlighted diversification, friend-shoring, and the search for new sourcing markets as key developments reshaping supply chains and financing strategies.

Panel 2 explored the evolving APAC banking landscape and the role of international banks in commodity trade finance. The discussion featured:
- Helen Lee, Managing Director, Head of Trade & Sustainable Commodities for Asia Pacific, Societe Generale
- Makmur Chandra, Managing Director, Head of Commodity Trade Finance, MUFG Bank, Ltd.
- Cindy Toh, Managing Director and Head, Commodities Group South Asia, ING
- Clemence Avril, Global Head Commodity Trade Finance, Standard Chartered
- Moderator: Charles Osborne, Director, Trade Finance Global (TFG)
Speakers unpacked how banks have become increasingly risk-controlled and disciplined following recent market disruptions, particularly within the commodities sector.

After a quick session of breakfast and networking, the third panel focused on how geopolitical tensions and ongoing disruptions in the Middle East are reshaping global commodity trading and financing dynamics. The discussion featured:
- Rui Florencio, CFO, BGN
- Alexander Peters, CFO, Torq Commodities
- Eugene Ganchev, CFO, Cathay Petroleum International
- Nitin Jain, Head of Treasury and Capital Markets, Agrocorp International
- Moderator: Adam Richardson, Partner, HFW
Speakers highlighted how rising commodity prices, freight costs, and supply chain disruptions are increasing financing pressures and reinforcing the importance of supply chain resilience. The panel reaffirmed the continued dominance of the US dollar in oil trading and Singapore’s role as a key global trading hub.

We also spoke with Kate Wang Shuli, Senior Vice President, Corporate Commercial and Affinity Leader, at Marsh, on the blurring of lines between maritime cargo insurance and wartime coverage in the Middle East.

Stay tuned to find out how the rest of the day unfolds!

⚙️ Reducing friction in working capital is simple: Stop siloing solutions from ERP workflowsEnterprise resource planning...
19/05/2026

⚙️ Reducing friction in working capital is simple: Stop siloing solutions from ERP workflows

Enterprise resource planning (ERP) in the trade and working capital space is expected to bring a ‘single source of truth’. Siloed solutions and processes make this utopia near impossible.

For banks, ERP systems also serve as an enabler. They allow banks to connect natively into client environments, receiving the purchase orders and invoice data needed to offer financing solutions.

Heather Crowley, Global Head of Trade and Working Capital Product, and Dominic Giordani, Global Co-Head of Supply Chain Finance Product Management at JPMorgan Chase, discuss how integrating ERP systems with working capital solutions will revolutionise the relationship corporates have with banks and the financing solutions they offer.

📖 Read the full article here: https://www.tradefinanceglobal.com/posts/reducing-friction-working-capital-simple-stop-siloing-solutions-erpworkflows/

💡 Who owns the decisions? AI, sovereignty, and the fragmentation risk in global tradeTrade has always depended on trust:...
19/05/2026

💡 Who owns the decisions? AI, sovereignty, and the fragmentation risk in global trade

Trade has always depended on trust: that data is accurate, that parties are who they say they are, and that systems will behave consistently across jurisdictions.

For decades, that trust has been mediated through a mix of institutions, standards, and shared infrastructure: banks, regulators, platforms, and protocols that allow transactions to work across borders, writes Himal Mandalia, Digital Government Capability Architect, most recently for the United Nations Development Programme (UNDP).

Artificial intelligence (AI) is now reshaping that landscape by changing where decisions are made, how they are made, and who ultimately controls them. And that shift raises a different kind of question: one about control.

➡️ Read the article here: https://www.tradefinanceglobal.com/posts/who-owns-the-decisions-ai-sovereignty-and-the-fragmentation-risk-in-global-trade/

🌎 Unlocking new potential: Bringing integrated payments into Latin America’s fragmented marketsLatin America (LatAm), wi...
18/05/2026

🌎 Unlocking new potential: Bringing integrated payments into Latin America’s fragmented markets

Latin America (LatAm), with nearly 700 million people and exports valued at over $1.3 trillion annually, is also the region to watch when it comes to digital payments. Under the leadership of countries like Brazil, Mexico, and Argentina, the region has been notoriously innovative in the payments space.

However, for LatAm suppliers to reach their full potential, the region’s open mind towards digital payments has to translate into an openness for technology that interweaves multiple systems. Trade Finance Global’s (TFG) Doğa Usanmaz heard from Radi El Haj, CEO of RS2, on what the region needs and demands to facilitate its digital transformation.

"LatAm has made significant progress in domestic digital payments and real-time payment adoption, but cross-border infrastructure remains highly fragmented. Many financial institutions are still operating across disconnected legacy systems for issuing, acquiring, and settlement, which creates inefficiencies when scaling regionally," said El Haj.

🔗 Read the article here ➡️ https://www.tradefinanceglobal.com/posts/unlocking-new-potential-bringing-integrated-payments-latin-americas-fragmented-markets/

18/05/2026

Welcome to Trade Finance Global’s (TFG) NEWSBEAT. We’re bringing you a roundup of the stories you may have missed last week, helping you stay informed and ready for the week ahead.

News from last week includes:

🔹 Türkiye and Armenia remove restrictions on direct trade after 33 years
🔹 Indian energy firm signs battery deal with China’s Eve Energy
🔹 Egypt and Belarus sign agreement to increase bilateral trade
🔹 New EU draft outlines how carbon credits could offset CBAM requirements
🔹 Glencore introduces trade receivables securitisation program

🔗 Read the full briefing here ➡️ https://www.tradefinanceglobal.com/posts/weekly-trade-briefing/

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