Global trade finance award for Scottish Pacific

SCOTTISH Pacific Tradeline has been named ‘Best Trade Finance Provider 2015’ in the annual international Trade Finance Global Excellence Awards

The winners were recognised and commended for their contribution and dedication to the trade finance sector and innovative finance solutions.

Scottish Pacific CEO Peter Langham acknowledged what the Trade Finance team, led by Craig Michie, has been able to achieve since Scottish Pacific established its trade finance capability just over three years ago.

“It’s wonderful to be recognised internationally for our work in trade finance. Increasingly, businesses are looking to capitalise on import and export market opportunities and what drives Scottish Pacific Tradeline is helping these businesses find the best ways to fund their market expansion,” Mr Langham said.

Head of trade finance at Scottish Pacific, Craig Michie, said there were plans to expand Tradeline into new locations and to broaden distribution by establishing more strategic partnerships such as the Efic partnership.

“For our clients, speed to market and ease of doing business are key drivers,” Mr Michie said.

“We are testing new technology to speed up our approval and transaction processing times and we will continue to find new ways to generate stand-alone working capital facilities that can operate without any impact on current banking operations,” he said. 

Trade Finance Global’s James Sinclair said 2015 had been a great year for trade and export finance, due to positive macroeconomic factors, allowing SMEs to grow internationally, and because of competitiveness in the debt lending space.

“Trade finance is now becoming an accessible asset class for sophisticated investors,” Mr Sinclair said.

www.scottishpacific.com.au

 

ends