The latest news from liquidity and risk management
Stay updated with real-time coverage of global trade developments, policy changes, and market movements affecting international commerce.
India’s central bank attracts $143.6 billion under forex swap facility
- As of September 18, India’s central bank has attracted $143.6 billion in inflows under its forex swap facility, according to data released on September 21.
- The Reserve Bank of India introduced measures in June, including concessional hedging facilities and swap arrangements to support the rupee, which had fallen to record lows earlier in the year.
- Foreign currency non-resident (FCNR(B)) deposits accounted for the majority of inflows, totalling $132.98 billion as of August 31, leading to an early closure of the window due to robust demand.
- Overseas Foreign Currency Borrowings contributed $5.32 billion, while External Commercial Borrowings added $5.30 billion under the facility.
- Borrowings raised via ECBs and OFCBs remain eligible under the swap facility until December 31.
- India has historically relied on its diaspora for dollar deposits during currency stress, offering hedging subsidies; a similar scheme in 2013 attracted about $26 billion.
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Hong Kong launches first five-year plan to strengthen economic centres and global competitiveness
Hong Kong launches five-year economic plan to strengthen its status as a global financial, maritime, trade and aviation hub.
Devanshee DaveAs of September 18, India’s central bank has attracted $143.6 billion in inflows under its forex swap facility, according to data released on September 21.
Devanshee DaveThe Public Investment Fund (PIF) has launched Tawrid Co. for Financing Solutions, a digital platform offering supply-chain financing products to connect buyers, suppliers, and funders.
Devanshee DaveDevanshee DaveHitPay introduces Virtual Accounts, enabling businesses to manage customer payments and B2B collections within a single HitPay account while continuing to accept existing payment methods.
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Bottomline launches Global Pay Connect, a next-generation SaaS platform for financial institutions
Bottomline launches Global Pay Connect, a SaaS platform enabling financial institutions to manage payments across traditional and blockchain networks.
Devanshee DaveStandard Chartered executed a $25 million repo transaction with QNB Türkiye, marking its first repo linked to advancing women’s economic empowerment.
Devanshee DavePanax, an AI-native cash and treasury management platform, and RSM US LLP, a consulting and advisory firm, announced a collaboration to improve liquidity visibility, cash forecasting, and treasury operations.
Devanshee DaveStablecoins have entered the World Trade Organization’s policy agenda, with a new report concluding they could make cross-border payments faster, cheaper, and more accessible.
Devanshee DaveThe US International Development Finance Corporation (DFC) approved a $500 million trade financing facility to help US companies access emerging markets in South America, Southeast Asia, and Africa.
Devanshee DaveThe 2026 Secured Finance Economic Impact Study by SFNet finds that asset-based lending (ABL) and factoring contribute approximately $173 billion annually to US real GDP, equivalent to 0.5% of the economy.
Devanshee DaveThe European Bank for Reconstruction and Development (EBRD) is providing up to $25 million (€21.3 million) to Bank of Baghdad under its Trade Facilitation Programme (TFP) to support import and export transactions.
Devanshee DaveBanking Circle has extended its collaboration with OSL Group to support six currencies, including AUD, EUR, GBP, HKD, SGD, and USD, enabling OSL’s B2B stablecoin payment and trading platform to expand into new markets.
Devanshee DaveTreviPay has partnered with Dynatos to integrate Routty Cloud’s e-invoicing technology and compliance support into its B2B payments infrastructure.
Devanshee DaveFinastra announced a partnership with Komgo to address inefficiencies in trade finance caused by fragmented systems and manual, data-intensive processes.
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The New Delhi Declaration 2026: BRICS strengthening cooperation amid global challenges
BRICS adopted the New Delhi Declaration 2026 at its summit, outlining cooperation on governance reform, trade, energy and security.
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TTP and the Commonwealth Secretariat: Digital trade governance in a changing world order
TTP and the Commonwealth Secretariat explore digital trade governance frameworks to support trusted, inclusive commerce across emerging and developing economies.
Scott SanchonBRICS Pay has opened its payment platform to additional countries, aiming to broaden participation beyond the original BRICS members.
Devanshee DaveStandard Chartered has acted as Arranger, Lender, and Hedging Bank for the approximately €2.1 billion financing of the Gennaker offshore wind project, one of Germany’s largest offshore wind farms with a capacity of 976.5 MW.
Devanshee DaveRipple’s stablecoin chief, Jack McDonald, estimates a $13 trillion corporate treasury business available to RLUSD, driven by payments and capital markets activity.
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