VIA THE TRADE GATEWAYS PROGRAMME
Supply-Chain Finance Facilitated by Digital Trade Gateways
The Trade Gateways Network is operated by Local Merchant Services, (LMS) in co-operation with significant partners. LMS have been providing Local Merchant Services since 2017. Services are centrally provided to Trade Gateways in the Network by a partnership with IBM.
There are over 250 Local Digital Trade Gateways within the TRADE GATEWAYS Programme. Brexit.Trade is a wholly owned TRADE GATEWAYS B2B Marketplace, connecting UK Buyers and Sellers, with companies in countries that the UK has a Post Brexit Trade deal with.
After concluding a transaction at Brexit.Trade, the Digital Trade Features at Local Trade Gateways that are part of the TRADE GATEWAYS Programme, are used to access a local infrastructure to execute agreed Transactions, in a faster and more secure manner.
Stablecoins are blockchain-powered digital currencies that combine the benefits of open, borderless cryptocurrency with the price stability of traditional fiat currencies.
Stablecoins operate on a distributed blockchain network that enables anyone with an internet connection to send value across the globe within minutes. To provide price stability, stablecoins are typically backed by fiat currency held in reserve for each issued stablecoin token.
Why use Stablecoins via the TRADE GATEWAYS Programme
Operating stablecoin infrastructure is time-consuming, costly, and challenging. Using Stablecoins via the TRADE GATEWAYS Programme removes the complexity and manages the stablecoins use. Stablecoins can provide major Benefits for users.
Stablecoins & Supply-Chain Finance
TRADE GATEWAYS Programme is partnering with a major Stablecoins Partner in the provision of Stablecoins to the Programme. Stablecoins can be a gamechanger in Digital Trade and Trade Finance, as they greatly facilitate Smart Contracts. Proof of ownership can be easily verified and fully transparent. Ownership can also be easily transferred on conclusion of a transaction. Stablecoins can be utilized to facilitate the TRADE GATEWAYS Supply-Chain.Finance Programme.
Essentially, supply-chain finance (SCF) is nothing more than a variation in the payment terms between a buyer and seller in the supply chain, that either extends or shortens the timeframe that goods and services (i.e., invoices) are paid for. SCF programs can provide buyers the chance to delay payment for as long as possible, while simultaneously providing suppliers with capital via Supply-Chain Finance.
TRADE GATEWAYS is helping to establish a new paradigm whereby it helps connect sellers to buyers and provides those sellers the ability to offer buyers extended payment terms while getting paid immediately
This consists of Connecting and Funding an enterprise buyer with a high credit rating, with a seller across the Digital Trade Gateways & B2B Marketplaces in the Programme
For banks and financiers that participate in Supply Chain Finance, the main benefit is that they earn a profit by paying a discounted rate on invoices to suppliers, and then receiving the total payment amount at a later date from the buyer. For instance, if the bank regularly pays a supplier in 10 days in exchange for a 3% discount on an invoice, and then receives full payment on the invoice from the buyer on day 30, they effectively earn a 3% profit on the invoice over a 20-day period.
The Programme allows a seller to initiate Supply Chain Finance down the chain as necessary, and as such guarantee to be a part of the Programme. It also means that the sellers can get to keep more of their money as there is less to be deducted from their invoices. All of this occurs without impacting the supplier or buyer’s balance sheet.
Video: What Is Supply Chain Finance?
Video: What are Stablecoins and how do they work?
Stablecoin Partner Opportunities
Secure Stablecoins Provider Opportunities are available for Regional Trade Gateways including those as detailed below:
Birmingham is an important manufacturing and engineering centre
Brussels is the capital of the EU, and has a robust economy
A major bank in Cambodia is expected to provide Trade Finance across the Programme
Glasgow is Scotland’s largest city
Japan is the third-largest economy in the world by nominal GDP.Tokyo is the capital of Japan. Greater Tokyo is the region in which Tokyo is situated
Hong-Kong is a major centre for international trade and finance
Economic growth in Manchester in 2021 was the second highest of 30 major European cities
Nashville has the third fastest growing metropolitan economy in the United States
Delhi is India's capital and largest commercial centre in northern India
New York is a global hub of business and commerce and an established safe haven for global investors
New-Zealand has one of the most globalised economies in the world,and depends greatly on international trade
Perth is the capital and largest city of the state of Western Australia
South Africa is Africa’s second largest Economy
South Carolina is the only US State to have a Trade Deal with the UK
South Korea has the 10th largest economy in the world
Saudi Arabia has the largest economy in the Middle East
Tel Aviv is the driving force of Israel’s post-industrial economy