Sep 17th, 2018

Thomson Reuters Partners with Seabury TFX to Create New Trade Finance Marketplace in Asia

HONG KONG, 17 September – Thomson Reuters has partnered with specialist firm Seabury TFX to develop a new marketplace for trade finance in Asia. ‘Receivables Board’ is now available through Thomson Reuters Eikon App Studio platform to facilitate the trading of Trade Receivables. The new application provides trade finance solutions for institutional investors and corporate treasurers.

The first of its kind platform for trading of accounts receivable by institutional investors and corporate treasurers, ‘Receivables Board’ allows both primary and secondary trading and aims to develop a community and network of qualified corporates and investors.

An Asian Development Bank survey* points to a gap in global trade finance in the range of USD$1.6 trillion annually on untapped potential in trade, unrealized economic value and lost opportunity. Treasurers need to manage working capital in a fast-changing market under an “expensive, high-risk low-return” financial world, while investors tends to look for “special niches” – instruments that could deliver adjusted return prospects, structure and risk. 

App Studio in Eikon allows third-party developers to create apps that display as native applications on the Eikon screen, distributing them directly and securely to Eikon users. The financial industry is increasingly turning to open technology standards to spur the innovation and flexibility institutions need to remain competitive in an increasingly complex business landscape.  With App Studio, Eikon provides an open environment where the financial industry can build a new generation of apps that help foster innovation whilst also improving productivity. 

“The partnership between Thomson Reuters and Seabury TFX addresses a challenge associated with liquidity of corporate receivables that many companies around the world are facing today. These companies can now access the Receivables Board through the world-renown Eikon platform, which allows corporate treasurers to gain liquidity on their account receivables, while enabling investors to track receivables from purchase to maturity. This solution, coupled with Thomson Reuters' wide range of solutions such as World-Check and FXall, will provide the ability to supplement KYC and forex to benefit both treasurers and investors,” said Robert Lin, Founder and CEO of Seabury TFX (HK) Limited.

“We are delighted to enter into this strategic partnership with Seabury TFX offering significant value for customers in the trade finance market.    The launch of the Receivables Board App on our Eikon platform demonstrates the openness of our technology and the ability for our partners to quickly innovate to solve real customer needs.   This solution will be of incredible benefit to Corporate Treasurers looking to address their Trade finance requirements and extends our wide range of services for Corporates including FXall, Eikon Auctions and World-Check” said Stuart Brown, Head of Asia Customer Proposition at Thomson Reuters.

*Asian Development Bank 2017 Trade, Finance Gaps, Growth & Jobs Survey

Thomson Reuters

Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

About Seabury TFX

Seabury TFX (“STFX”) is a Hong Kong- and U.S.-based company providing trade finance solutions to supply chains around the world. STFX’s unique platform harnesses the power of data and technology to originate trade finance transactions. STFX is a subsidiary of Seabury Capital LLC (“Seabury Capital”), a global firm founded in 1995. www.seaburytfx.com

About Seabury Capital

Seabury Capital operates a number of specialty finance, investment banking, technology and software companies with a core focus anchored in aviation, aerospace & defense, maritime, and financial services & technology. Since its founding in 1995, Seabury Capital has taken ownership stakes in software and asset management businesses servicing the aviation and travel industries. Within the last few years, Seabury Capital has expanded its portfolio by investing in early stage startup companies within the financial technology industry and structured investment products. In addition, Seabury Capital owns and operates FINRA and FCA regulated investment banking services firms in the U.S. and U.K., respectively, serving external clients as well as assisting the companies in which Seabury Capital has invested. Seabury Capital has operations in New York, Amsterdam, Berlin, Chicago, Cordoba, Dallas, Dublin, Durban, Edison (NJ), Hong Kong, Houston, Jersey City, London, Los Angeles, Manila, Minneapolis, Singapore, Summit (NJ), Stamford (CT), and Tokyo. www.seaburycapital.com .