Surety sits at the intersection of banking and insurance, and has long been used to back the performance of a contract. But the product, which works similarly to a bank guarantee, has to date not been widely adopted in the trade sector. In this Industry Perspective, Daniel Storr, co-head of Emea surety for insurance broker… The post Industry Perspectives: How surety could play a bigger role in trade finance appeared first on Global Trade Review (GTR).| Global Trade Review (GTR)
Dubai Islamic Bank (DIB) has launched a bid to liquidate a trade finance fund managed by Rasmala Investment Bank, saying it has lost “trust and confidence” in the management of the troubled investment vehicle. DIB owns almost two-thirds of the shares in the Rasmala Trade Finance Fund on behalf of more than 100 of the ...| Global Trade Review (GTR)