Supply chain finance provider Orbian is set to acquire Payment Institution Roger, a Czech fintech that has financed invoices worth more than €1.6bn since its launch in 2013. Brno-based Roger provides supply chain finance programmes for large buyers and receivables finance for SMEs, offering both a multi-funder peer-to-peer platform and a white-label solution for corporates. ...| Global Trade Review (GTR)
Metals trader Gerald Group has grown its annual syndicated revolving credit facility (RCF) to US$230mn after attracting several fresh lenders. Gerald, which specialises in trading ferrous, non-ferrous and precious metals, says the oversubscribed facility renews last year’s RCF, which was closed at US$185mn after initially launching at US$150mn. Crédit Agricole Indosuez (Switzerland) and Deutsche Bank’s ...| Global Trade Review (GTR)
A New York judge has granted Trafigura permission to subpoena records from major banks to help trace the whereabouts of funds paid to a metals trader it accuses of fraud. The commodity trading giant asked a court in New York late last month to grant it access to records held by several big banks for ...| Global Trade Review (GTR)
GTR’s annual Asia trade leaders roundtable brought together senior figures from the region’s trade finance market. Held on the sidelines of GTR Asia in September in Singapore, the discussion covered shifts in demand for trade and working capital finance in a higher interest rate environment, how China’s domestic slowdown has affected trade flows, and how ...| Global Trade Review (GTR)