The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Letter: Trade finance on a screen near you


I was most surprised to read in the article "Forfaiting for Fun and Profit" in the December issue, Rupert Wright's comment: "There's constant talk about developing a screen-based system (of generating trade finance transactions) but nobody has yet done so." This company offers just such a system. We call it the Banking Network. It has been fully operational for over a year. Participating banks and exporters link into it using desk-top computers and modems.

The Network speeds up and improves the whole process of locating and matching willing buyers with willing sellers in inter-bank trading and syndication activities. It is of equal value to all users of credit/finance who need to locate a possible lender. Our multinational clients are using the Network as one of their search options when seeking specialized expert finance needs.

In short, the concept is to have one vast network through which multinational exporters and trade finance institutions; buyers and sellers of assets in the banking secondary market; bank asset distribution departments and the Loan Market Association (when operational!) could meet their counterparties in the most efficient way possible.

As your article implies, nobody seriously doubts that a screen-based system will be the future.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree