London, UK – Ever-changing global economies, tightening compliance, and rapid technological developments transform the trade and supply chain finance market. With the onslaught of the coronavirus, many countries are limiting travel, in-person business activities and flow of goods. This pushes enterprises into readjusting their operations, such as extending payment terms, resulting in increased difficulty for companies to trade with one another. Once dominant in trade finance, banks have been withdrawing from this space due to Basel III capital reserve requirements and other new regulations. As such, there has been a worsening of the trade finance gap.
Remington Sterling is a commodity financial firm that provides financial solutions that facilitate trade and mitigate trade-related risks for companies doing business in emerging and developed markets. By tapping into its wealth of experience in the supply chain, finance, and technological expertise, Remington Sterling c an cater to the needs of businesses of all sizes, improving their cash-flow and securing the debt collection both in domestic and in international markets.
“The retail investors are looking for a safe investment vehicle which can generate them returns better than the usual traditional markets. Our proprietary credit analytics software enables us to identify and participate in low-risk trade finance transactions,” said Jerold Sheppard, CEO of Remington Sterling.
“In doing so, not only are we able to mitigate the risk of defaults substantially, we’re able to structure our product in a way that is palatable and serves the needs of retail investors. With the skyrocketing demand for gold delivery, we are seeing massive opportunities in gold this year. We have begun trading physical gold via forward contracts and spot trades,” added Sheppard.
“We hedge our risk exposure with derivatives from exchanges like LME (London Metal Exchange). This further provides a diversified hedge for investors. We are currently in talks with several potential APAC firms to help us achieve the goal of anchoring our in-market presence and expansion plans in the Asia region,” Sheppard concluded.