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New Era in Trade Finance . Bank Payment Obligation: the new solution in supply chain finance to shape trade in the 21st century. Franck de Praetere , Regional Head of Payments & Trade ASEAN Trade Processing conference, Jakarta, Friday 29 th June. Trade business evolution .
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New Era in Trade Finance Bank Payment Obligation: the new solution in supply chain finance to shape trade in the 21st century Franck de Praetere , Regional Head of Payments & Trade ASEAN Trade Processing conference, Jakarta, Friday 29thJune
Trade business evolution L/Cs in Asia-Pacific Source: BCG workshop with SWIFT, June 2012 Source:SWIFT Statistics(2012) 2
Trade trafficflows in and out of Indonesia More than 60% of Trade traffic sent fromIndonesiaremains in the region - Asia Pacific FIN - Average Daily number of messages Fairbanks Anadyr Saint Petersburg Oslo Moscow Novosibirsk Unalaska 4. China 0.2 Kmsgs (+10.5%) 0.1 Kmsgs (+29.9%) Samara London Berlin Astana Vienna Seattle Ulaanbaatar Toronto Paris Chicago New York Istanbul Beijing San Francisco Seoul Madrid Tokio Gibraltar Washington Teheran Los Angeles Osaka 1. USA 0.2 Kmsgs (-4.2%) 0.5 Kmsgs (-5.9%) Shanghai New Orleans Delhi El Golea Cairo Karachi Dhaka 5. Hong Kong 88 Msgs (+11.9%) 0.1 Kmsgs (-2.0%) Dakar Mexico -City Kalkutta Mumbai Asmara Manila 3. Singapore 0.2 Kmsgs (+2.6%) 0.2 Kmsgs (+4.0%) Niamey San José N‘Djamena Accra Mogadishu Quito Mbuji- Mayi Porto Velho Jakarta Dar es Salaam Port Moresby Lima Darwin Benguela Brasilia 2. IndonesiaDomestic 0.6 Kmsgs (+34.8%) La Paz Harare Windhuk Rio de Janeiro São Paulo Maputo Sydney Perth Durban Cape Town Santiago Buenos Aires Canberra Melbourne Wellington Traffic figures: 2012 average daily Growth figures: 2012 vs 2011 User to user, Live traffic Indonesia traffic insights – May 2013
To help banks provide innovative trade and supply chain services that enable their corporate customers to: • reduce risk • enhance process efficiency • improve liquidity management. More than 9,000 financial institutions in 209 countries. The ICC Banking Commission is a leading global rule-making body for the banking industry, producing universally accepted rules and guidelines for international banking practice, notably letters of credit, demand guarantees and bank-to-bank reimbursement. Over 500 members in 85 countries.
The BPO is a new paymentterm for corporates BPO is a new payment term in the ICC Int’l Sales Model Contract Established B2B practices Purchase Orders Transport docs Certificates Invoices LC BPO OA Buyer Seller C2B contracts facilitating the provision of risk & financing services UR BPO rules govern an irrevocable and conditional electronic inter-bank payment obligation ICC SWIFT Buyers'Bank Seller'sBank An industry-wide transaction matching platform that imple-ments the BPO using ISO 20022 A legally binding rulebook owned by the ICC and based onISO 20022 standards