GTR writes about supply chain trade finance

GTR’s John Basquill interviewed PrimaDollar CEO, Tim Nicolle to talk about our supply chain trade finance platform – and why this new category of trade finance will change how international suppliers are funded and paid.

The article is here. GTR operates a paywall, but offers 4 articles per month for free.

In summary, John covers:

• Trade finance is simple, but LCs are complex.
• The difference between supply chain finance (an invoice product) and supply chain trade finance, similar but with the added trade finance features of LCs.
• Why importers are interested in supply chain trade finance – and the cost savings available.
• How we solve the compliance challenges involved in getting payments out to suppliers in international and emerging markets.
• Current uptake on the platform – which has already processed approaching $500mio in flows.

GTR is the leading commentator, event organiser and news site for trade finance globally.

This is very important recognition of our new platform and the new product category that supply chain trade finance represents.