Scottish Pacific Tradeline has been named Best Trade Finance Provider 2015 at the annual international Trade Finance Global Excellence Awards.
The company was recognised and commended for its contribution and dedication to the trade finance sector and in helping SMEs to grow internationally.
Trade Finance Global’s editor James Sinclair said Scottish Pacific is a leader and pioneer in trade finance services globally, not just in Australia and New Zealand.
“The judging panel were particularly impressed by Scottish Pacific’s excellent staff and customer services and dedication to help aspiring SMEs grow with innovative finance solutions,” Mr Sinclair said.
Scottish Pacific is Australia and New Zealand’s largest specialist working capital provider.
CEO Peter Langham acknowledged what their Trade Finance team, led by Craig Michie, has been able to achieve since Scottish Pacific established its trade finance capability just over three years ago.
Working capital solutions
“It's wonderful to be recognised internationally for our work in trade finance. Increasingly, businesses are looking to capitalise on import and export market opportunities and what drives Scottish Pacific Tradeline is helping these businesses find the best ways to fund their market expansion,” Mr Langham said.
“We have developed a range of working capital solutions for importers and exporters including Tradeline, Import Finance and Export Finance.
“Most recently we became the first non-bank to be approved by Efic, the Australian Federal Government's export credit agency. Efic supports Australia's export industry by guaranteeing commercial finance facilities taken out by Australian companies exporting or operating in the export supply chains.”
Head of Trade Finance at Scottish Pacific, Craig Michie, said there were plans to expand Tradeline into new locations and to broaden distribution by establishing more strategic partnerships such as the Efic partnership.
Testing new technology
“For our clients, speed to market and ease of doing business are key drivers. We are testing new technology to speed up our approval and transaction processing times and we will continue to find new ways to generate stand-alone working capital facilities that can operate without any impact on current banking operations,” Mr Michie said.
Trade Finance Global’s editor James Sinclair said 2015 had been a great year for trade and export finance, due to positive macroeconomic factors, allowing SMEs to grow internationally, and because of competitiveness in the debt lending space.
“Trade finance is now becoming an accessible asset class for sophisticated investors,” Mr Sinclair said.
“Recognising and awarding the organisations who are educating, digitalising and driving the trade finance sector is important for us.”
For more information on the Awards visit: