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This document collates common practices undertaken by global banks in the COVID-19 emergency situation and shares some guidance. This is not a “best practices” document and many of the practices described are being improved already. Rather it is a practical reference document with information about measures put in place to continue the flow of trade and trade finance when paper transfer has become difficult or impossible. The COVID-19 pandemic has disrupted shipping, in-person interactions, and travel. As such, alternative procedures are required to settle trade finance transactions. Data is sourced from 2020 data from ICC, ITFA and BAFT members
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Digital Solutions to Handling Commercial Trade Documents Making trade cheaper, faster, simpler and more sustainable. This report provides some practical examples of digitalised trade transactions around the globe; identifies issues,...
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Despite being highly vulnerable to biodiversity loss and ecosystem degradation, businesses’ commitment to biodiversity conservation has remained to be fairly low. As biodiversity loss has gradually turned into a critical...
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