An innovative Network open for corporates and financiers which enables financing deeper into global supply chains and offers an easy way to join.
The Network aims to address the unmet demand for financing earlier in the supply chain by enabling corporates to easily and securely communicate trade information directly with financiers of their choice.
Working capital Lead, Global Procurement,
F. Hoffmann-La Roche AG
The Network supports partnership sustainability between Roche and suppliers, and makes it possible to provide liquidity at different points of the supply chain process. Without such an arrangement, the buyer might have to explore prepayment options as some suppliers could maintain they cannot start the project without up-front liquidity.
Head of Trade Flow Product & Process Management,
While the Network's main aim is to help banks better serve their clients in the pre-shipment phase, and the first transactions are purchase order finance, its structure makes it possible for banks to offer end-to-end financing - including post-shipment and payables finance.
Global Product Head, Supply Chain Finance
There is a funding gap, and it's most prominent in the SME segment. However, no financial institution by itself can address that gap everywhere in the world, and so the answer will probably be through innovation - both internally and through collaboration. An example of collaboration could be the Trade Information Network that HSBC supports, along with five other founding banks. This new platform will help make financing available to suppliers much earlier in the cycle, at the pre-shipment stage, at higher availability and lower cost on the back of purchase order information provided by the anchor buyer, which reduces fraud risk.
Global Head of Payables
Citi is one of six founding members of the Trade Information Network - the inclusive industry standard network for multi-bank trade finance. The network aims to also play a critical role in addressing the demand for financing earlier in the supply chain by enabling corporates and banks to easily and securely communicate on a common platform.