In the past two years, the world's political and economic situation has been changing and challenges have arisen frequently: the widespread economic downturn since 2001; the continuous attacks of terrorism; the Iraq War; and the beginning of 2003 A series of unpredictable political and economic events such as the SARS epidemic have caused many changes in international economic and trade relations. They have also brought about many changes in the trade and financing needs of enterprises engaged in international trade.
1. Changes in the field of international trade financing
Briefly speaking, enterprises currently engaged in international trade More attention is paid than in the past to whether the services provided by commercial banks or other institutions can facilitate the entire transaction process, expand information sources, and reduce related risks, so that exporters can get paid faster and importers can better manage inventory. Enterprises' requirements for trade settlement and trade financing services have evolved from the initial demand for transaction payment and cash flow control to the demand for capital utilization and value-added functions of financial management. This change means convergence management requirements for cash flow, trade flow, logistics, and information flow.
The above changes have brought more business opportunities to some commercial banks engaged in trade finance and trade settlement business, while also causing other banks to lose their original business opportunities. Market share, because they have responded differently to changes: some banks continue to be limited to so-called traditional trade settlement and trade finance products and traditional risk management techniques; other banks have realized that the times are moving forward and the world is changing. , not only need to continue to focus on traditional trade settlement and trade financing products, but more importantly, focus on the integration of the entire international trade supply chain and the management of the value chain.
In the field of international trade, banks must evolve from merely providing financial operation services in commodity transactions (traditional international trade settlement and trade financing) to being involved in commodity transactions. All links form a new concept of supply chain financing: integrating and managing the circulation of goods, information, and funds in the supply link, and integrating services in each link of the international trade cycle into one product package.
Currently, if you want to be a leader in the field of trade settlement and trade finance, you must be able to meet all or most of the following requirements:
Yiyi is able to provide a variety of traditional and e-commerce technology-based trade finance product portfolios globally.
Yiyi provides a global trading technology platform through secure international Internet channels.
Yiyi provides cash flow that can meet the actual needs of customers Integrated solutions with trade flow.
One by one has a good global trade information technology operation and execution system.