Sullivan
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London, UK – Sullivan & Worcester has announced that it is working with Trade Finance Global (TFG), a leading B2B fintech in trade finance, together with other trade finance market participants, including Enigio, Allianz Trade and ITFA’s Digital Negotiable Instruments (DNI) initiative, in the launch of TFG Distribution Finance.

The initiative aims to help drive liquidity into the trade finance market facilitated by TFG and its partners, to help bridge the $2 trillion global trade finance gap by increasing the availability of liquidity through new sources of structured capital to help service the unmet demand for private credit from companies on TFG’s platform.

TFG Distribution Finance will not only work with global banks, but also invite traditional institutional investors, non-bank lenders and alternative credit funds to participate in the trade finance market.

The first international trade through TFG Distribution Finance has also been concluded using Enigio's trace:original promissory note. The credit facility was covered through an insurance policy by Allianz Trade.

Mark Abrams, MD, Global Head of Trade and Receivables Finance at TFG, commented: "An attractive asset class for investors, trade finance offers competitive yields. TFG Distribution Finance is a response to the significant and growing liquidity which is seeking entry into the cross-border trade finance market, as well as the escalating demand for private credit from borrowers."

Geoffrey Wynne, partner and head of Sullivan's Trade & Export Finance Group, added: "Finding a new way to bring participants together to help drive liquidity into the trade finance market, both from traditional finance houses and non-bank financial institutions, will help to bridge the trade finance gap by making new sources of capital available and bringing about new interest. This is an exciting initiative in which to be involved."

About Trade Finance Global (TFG)
TFG’s data-led origination platform connects companies with innovative trade and receivables finance solutions from over 300 financial institutions. This is complemented by TFG’s award-winning content, which informs a global audience of 160k monthly readers (6.2m impressions) through various channels including app, podcasts, videos, magazines and research.

About Sullivan
Sullivan & Worcester (Sullivan) is a leading global law firm with approximately 200 attorneys in Boston, London, New York, Tel Aviv and Washington, DC. Sullivan’s clients, including Fortune 500 companies, leading financial services firms and asset managers, boards of directors, and emerging businesses, as well as private clients, rely on Sullivan’s ability to navigate complex legal and operational landscapes, the impeccable judgement of its lawyers, and its commitment to best‑in‑class client service.

In London, the office’s market-leading and multiple award-winning trade finance practice is the premium provider of legal advice in relation to trade, export and commodity finance transactions to major trade finance banks and other financial institutions, funds, corporate borrowers, agents and trustees, and national and international organisations. The team’s unique offering includes an integrated insurance and dispute resolution service handling both transactional and contentious instructions.

The firm hosts bi-monthly webinars for 150+ clients, addressing key trade and export finance issues, as well as publishing its Talking Trade Finance blog and contributing to industry events.

Sullivan’s London office is located at Tower 42 in the heart of the City of London. Details are as follows: 25 Old Broad Street, London EC2N 1HQ, Tel: +44 (0)20 7448 1000.

For further information please visit the firm’s website, as well as LinkedIn and Twitter.