___________________________________________________________________________ 2015/SMEWG40/007 Agenda Item: 9.1.3a Regulatory Issues Affecting Trade and Supply Chain Finance Purpose: Information Submitted by: Policy Support Unit, APEC Secretariat 40th Small and Medium Enterprises Working Group Meeting Atlanta, United States 10-11 June 2015 Regulatory Issues Affecting Trade and Supply Chain Finance ISSUES PAPER No. 8 APEC Policy Support Unit November 2014 Prepared by: Gloria O. Pasadilla, PhD Senior Analyst Asia-Pacific Economic Cooperation Policy Support Unit Asia-Pacific Economic Cooperation Secretariat 35 Heng Mui Keng Terrace Tel: (65) 6891-9600 Fax: (65) 6891-9690 Email:
[email protected] Website: www.apec.org Produced for: Asia-Pacific Economic Cooperation Finance Deputies Meeting APEC#214-SE-01.17 This work is licensed under the Creative Commons Attribution-NonCommercial- ShareAlike 3.0 Singapore License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc-sa/3.0/sg/. The author wishes to thank the financial institutions that kindly responded to the survey and made time for interviews. I also wish to acknowledge, without implicating, various people who gave very useful comments and insights, especially Jingchang Lai (International Finance Corporation), Bernadette Cenzon (APEC-PSU Consultant), Alexander Malaket (OPUS Advisory Services), Matthew Ekberg (BAFT), Boon Hiong Chang (Deutsche Bank and Shephard, Asia Pacific Finance Forum) and Paul Gwee (ASEAN Bankers Association) who greatly facilitated the survey, Franck De Praetere (SWIFT) who facilitated our access to SWIFT data messages, and many others who shared their insights on trade financing. Grateful also for the following websites, some of which gave me free access to their highly informative materials: Global Trade Review, www.gtreview.com; Trade and Receivables Finance News, www.trfnews.com; Trade Financing Matters, www.spendingmatters.com; and others.