International Week 2017

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What business does a bank have in the world of trade?

Monday, 6th of  February |  14:00 - 14:45

What business does a bank have in the world of trade?

Michel Joskin (NL), CSDG, is Senior Specialist Trade Services at Rabobank, The Netherlands with more than 25 years of experience in international trade. He advises large corporates in the marine offshore industry, shipbuilding and construction sectors how to mitigate their risks in their international trade business and how to finance their transactions. Michel regularly gives courses for customers and staff on how to use instruments like Letters of Credit, Documentary Collections, Bank Guarantees and Standby Letters of Credit.

What business does a bank have in the world of trade?
The world of trade is based on trust and banks have always been a central third source of trust, taking over debtor, currency or for instance country risks. But this role is changing rapidly due to the digitization of our environment and tighter constraints on granting credits. There are great challenges ahead. With some cases from his daily practice Michel will explain in his presentation which role banks play in international trade and will share some insights with you into how this role could develop in the future. Do you know the impact of bitcoins and block chain? If not, you may want to listen in.