Lighthouse supports new government procurement initiative

Lighthouse has recently signed deals that will see our Integrated Payables platform support new public sector procurement and payment processes. This new initiative will see suppliers to the Irish government get immediate payment on their invoices, all processed and managed using the Lighthouse online portal.

Minister Brian Hayes announces the Purchasing Card Framework initiative

See this anouncement in The Journal for more details.

Basel III may kill traditional trade finance?

The new Basel III rules for banking regulation and capital requirements look likely to greatly increase the capital reserves for off-balance sheet financial structures. Inadvertantly, this may affect trade finance instruments, such as letters of credit. A new report from the World Bank suggests that the current commercial model for trade finance may no longer hold water.

http://go.worldbank.org/ZBPISIJC40

Trade finance is already expensive and complicated, so where does this leave trading companies?

It seems to make an even stronger case for alternative funding methods.