Key Points

1. payments
2. letters of credit
3. loans
4. reconciliations
5. remittances
6. analytics
7. logistics and reverse logistics ( RMAs )
8. energy trading
9. service work
10. parts tracking
11. trade finance metrics: operations, financial, ESG

References

Trade Finance Task List

Key Product Solution Questions

1. What are the schain stages?
2. what are the challenges, opportunities for each stage and role in the schain?
3. who can pay for the solution in the schain?  ( NOT the growers )
4. what's the F2P story we share?   ( challenges & opportunities,  F2P FBRs, case studies )

TFIN Solution Requirements Doc

https://docs.google.com/document/d/1_q2IKlFsB42kNb1x5ksqma6n0t-1BUnausoN9d9n0Zk/edit#

Application Feature Dependency Map

Application Feature Impacts

Product Delivery Concepts 

Key Concepts

Business Strategy Plan Model

Debashish Chakravarty  9:58 AM

...

All the planning and hard work may have been done, but it’s vital to continually review all objectives and action plans to make sure you’re still on track to achieve that overall goal. Managing and monitoring a whole strategy is a complex task, which is why many directors, managers and business leaders are looking to alternative methods of handling strategies. Creating, managing and reviewing a strategy requires you to capture the relevant information, break down large chunks of information, plan, prioritise, capture the relevant information and have a clear strategic vision.

Business Strategy in 6 steps deck

https://slidesgo.com/theme/strategy-in-6-steps

Digital Marketing Plan Strategy

https://terakeet.com/blog/digital-marketing-plan/

...

• What is a digital marketing plan?
• How to create a digital marketing plan
  • 1. Define your digital marketing goals and business objectives
  • 2. Define audience segmentation and buyer personas
  • 3. Conduct a competitive analysis and determine market share
  • 4. Conduct a SWOT analysis
  • 5. Calculate your digital marketing plan budget
  • 6. Define your digital channels
  • 7. Develop your digital marketing strategies and tactics
  • 8. Create a marketing calendar
  • 9. Measure the results and KPIs of your digital marketing plan
• Great digital marketing plans encourage integration

F2P Solution Concepts 

Food Supply Chain Stakeholders Map

F2P Modules 

IAMS - Identity, Access and Memberships Services

Use standard IAM solution ( open-source ideally )

...

Thomas Bereczky to Everyone (11:43 AM)
- Implement SSO and a Keycloak server as the OpenID access control server - https://www.keycloak.org/
- Separate the account and identity management module
- Write everything off-chain and use Hyperledger only as a backup to write data
- The Mongo Data model has to be redefined

SCMS - Supply Chain Management Services

FMS - Financial Management Services  ( candidate features )

COO - Certificate of Origin 

...

Actions ( when )

Processes 

Alerts 

Sample Forms in Trade Finance

https://www.shippingsolutions.com/hubfs/download-assets/The%20Beginners%20Guide%20to%20Export%20Forms%20-%20Shipping%20Solutions.pdf?hsCtaTracking=cbd1ea44-3f99-4b53-8ff0-4abb0a616108%7C5738b156-7c17-434d-9603-6a3b614f78a1

...

1. Proforma Invoice 6
2. Commercial Invoice 8
3. Certificate of Origin 10
4. Packing List 24
5. Shipper's Letter of Instruction 26
6. Automated Export System 29
7. Inland Bill of Lading 31
8. Dock Receipt 33
9. Ocean BIll of Lading 35
10. Air Waybill 37
11. Dangerous Goods IATA 38
12. Non-Dangerous Goods 42
13. Bank Draft 43

FMS dependencies ( define required, optional modules )

XAC - Cross Application Control

AMS - Account Management Services

• identity 
• account relations:  client, vendor, employee
• roles
• authorizations
• integrations to external IAMS
• contracts
• documents
• AML, KYC support

VMS - Vendor Management Services ???

• identity 
• account relations:  client, vendor, employee
• roles
• authorizations
• integrations to external IAMS
• contracts

Purchasing

Inventory

Quality 

Shipment 

Payments

General Ledger 

Trade Data Interchange Standards

https://en.wikipedia.org/wiki/Electronic_data_interchange

...

Many of these standards first appeared in the early to mid-1980s. The standards prescribe the formats, character sets, and data elements used in the exchange of business documents and forms. The complete X12 Document List includes all major business documents, including purchase orders and invoices.

FMS use of templates 

transaction ledger formats

...

digital credentials

tokens

F2P Modules

...

ethical sourcing

fresher food

F2P Incomm presentation deck

Deck for InComm - Sep 23 v2 .pptx

see the ps deck model ...

https://en.wikipedia.org/wiki/GS1

...

related stds - ssi, did, toip, pki, ...
swt id bc pptx

Potential Value Opportunities

Alaskan Pollock Industry

It's not just a trade finance use case example for a mature, domestic, small business network for F2P



They have a fully matured business process model ( no redesign challenges ) with clear roles



Legislatively defined rules for sustainability



Their network probably score 95 out of a possible 100 on sustainability scores now - a great network to highlight for FP2 in promotion



https://www.alaskapollock.org/

...

https://www.alaskapollock.org/media/2049/2021-2022-gapp-strategic-plan.pdf

Mexican Avocado Industry

Regulated

Simple international use case for trade finance

Power of Blockchain-Enabled Deep-Tier Supply Chain Finance. - Frosisini

Deep-tier suppliers deal with issues that can compromise the stability of the whole supply chain without direct access to capital markets and low financial resilience. Usually emphasizing tier-1 suppliers with which manufacturers have direct ties, traditional supply chain financing (SCF) approaches can fail to assist these important companies. This restricted visibility and access to funding causes supply chain bottlenecks that could grow during times of operational or financial instability.

blockchain-based trade finance servcies 

Blockchain technology, however, presents a fresh paradigm for SCF as it provides before unheard-of transparency and direct financing methods free from conventional constraints. Particularly for deep-tier banking, blockchain's capacity to track, validate, and safely distribute transaction data transforms it.

challenges 

Limited Access to Capital Because they do not have direct access to capital markets, SMEs 

Manufacturers cannot proactively handle problems impacting deep-tier suppliers due lack of understanding, which results in frequently too late reactionary responses that cause interruptions.

Reluctance to Share Sensitive Data: Fearing competitive disadvantages or privacy violations

Delegate Financing

With tier-1 supplier functioning as a middleman, delegate finance uses blockchain to essentially route financial support from manufacturers to deep-tier suppliers. By use of a blockchain-enabled supply chain finance (SCF) platform,

Although delegate financing provides certain benefits, its scalability and dependability are limited, particularly in situations when the tier-2 supplier's financial restrictions are less severe.

Incentivizing Tier-1 Compliance: By Tier-1 vendors, smart contracts might be utilized to ensure compliance by means of automated rewards or penalties depending on financing agreement adherence

Cross-Tier Direct Financing

By allowing manufacturers to avoid conventional middleman roles and directly fund deep-tier suppliers, Direct Financing Through Blockchain is a very successful approach that changes supply chain financing. Blockchain This method decreases reliance on tier-1 suppliers and minimizes the delays and expenses sometimes linked with intermediary-based models by employing blockchain, therefore generating a transparent, open finance channel.

<< Fewer intermediaries, lower costs, frictions, risks with automated trade finance arrangements possible

challenges for Web3 trade finance solutions

Although direct finance made possible by blockchain technology has many benefits, several issues have to be resolved to guarantee its efficiency:

• Initial Setup and Integration Costs: Direct finance systems based on blockchain technology call for large technological, integration, and personnel training investments. Establishing a completely working blockchain network for supply chain financing might prove difficult for smaller producers or those with limited means.

• Data Accuracy and Reliability: Effective operation of blockchain depends on correct data inputs. Mistakes or false reporting at the point of data entry could compromise blockchain records' veracity, therefore influencing funding decisions. dependable data inputs call for strong verification systems including outside audits or interaction with dependable data sources.

• Regulatory Compliance and Legal Considerations: 

<< There are also key issues on supplier onboarding and management on QVS - quality, value, service to address beyond financing

Food Supply Chain

Distribution models ??

free 30 day trials hosted

limited function, capacity open-source version

enterprise version

Potential Differentiators ??

pluggable interfaces for:  identities, RBAC, data models, logic scripts, workflows, events

...

partners on sub-systems - eg payments, inventory

Research list

Normal ERP logistics apps in cloud

...

Other Trade Finance solutions and use cases

https://www.finastra.com/solutions/transaction-banking/trade-supply-chain-finance

Bills of Lading

Tokenizing Bills of Lading - https://www.youtube.com/watch?v=JN69tm9bq7c

Coriolis Technologies - trade finance data and ESG metrics

https://coriolistechnologies.com/

...

Our product-based, real-time approach allows companies to know their goods and the goods of the suppliers and buyers in their supply chains. To find out more about becoming part of our industry-led consortium, do let us know. We will be running another ESG working lunch in mid-September, this time with ITFA. It would be great to get everyone back together then.







One other reason for August being so busy: we have been awarded three contracts, with the ICC UK, the Commonwealth and the United Nations Development Programme to develop the business case for regulatory reform to support paperless trade and trade facilitation programmes in Europe, the US, China, across the whole Commonwealth and the African Free Trade Area. The research is launching globally at various events, including the ICC’s annual conference, the Commonwealth Heads of Government conference and the UN Annual Meeting in September and October later this year. 

Primacy - Trade gaming for the 21st Century

Atlas - lending platform

Coriolis Atlas is a one-stop shop for SME exporters seeking access to trade finance. Through our innovative suite of business planning tools, invoices, contracts, and related documents are screened and assessed in real-time using proprietary state-of-the-art machine learning and artificial intelligence techniques to assess business risk and compliance across six Atlas dimensions. SMEs can then use Coriolis Atlas to apply for trade finance directly with their preferred provider through our streamlined, integrated onboarding workflow.

Kosmos - ESG monitoring index

Monitoring the Environmental, Social, and Governance health of the world's companies, supply chains, and nations
Coriolis Kosmos is the go-to source of data and analytics for environmental, social and corporate governance. Kosmos provides key information and insights into sustainable trade flows across the globe.

Potential Challenges

Legal Terms and Documents 

I have shared the legal artifacts on Blockchain and would appreciate your views.This will help our attorney draft the contents precisely matching our expectations.

...

​My Onboarding support concepts

good customer service

easy, effective, low-cost Paramount support options

...

• No-charge Account planning meetings to define

  • goals, expected usage, gather requirements, plan any custom services, standard onboarding, training, connections, support and more

• use youtube videos, docs as an option here

• use knowledge base with youtube video links as first stop for help normally

• provide direct email, live chat and phone support options for registered account contacts

• use custom Zoom support meetings as needed to resolve issues

• use online Grails app to record and manage work requests ( problems, questions, feature requests )

• use online BIRT or equivalent Web report tool to show system usage and manage work request status

• customer portal provides account information and billing status

​Customer responsibilities for implementation and support

• Customer Resources committed to meet planned onboarding and support requirements

• Customer designates specific support contacts who go through on-boarding training courses

• Customer is responsible for integrations to existing systems unless Paramount hired on a custom SOW under an MDA to provide services integrations

• Customer documents planned usage of services using JEPL ( Java Event Processing Language ) to define a planned usage model for workflows, event notifications, automation

• Paramount provides support on usage documentation with JEPL via knowledge base and support staff

• Customer provides a test environment to test and validate planned usage and identity support problems separate from Production systems

• Customer uses Paramount online support templates to record any support incidents ( problems, questions, feature requests ) and submit to Paramount online ( see work request template as a Grails app )

Candidate Solutions

Services 

Fed Forex Rates api

https://www.programmableweb.com/api/new-york-federal-reserve-foreign-exchange-rest-api

exchange rates. The list of data available covers many of the world's currencies, with both spot and buying prices quoted at different times of day. The authoritative provider makes the data available for ingestion to automated processes that must compare currencies to calculate prices for cross-border transactions, in addition to historical research uses. API methods support retrieval of regularly updated data formatted in compliance with the emerging Statistical Data and Metadata Exchange (SDMX) standard. URL-based access delivers data for specific currencies, with both 10 a.m. and noon quotes available for many frequently traded currencies

.API Endpointhttp://www.newyorkfed.org/xml/data/fx/

...

Fed Forex Rates download page

Other Exchange Rate sources

exchangeratesapi.io 

offers a low volume free subscription

...

https://manage.exchangeratesapi.io/dashboard

user  jm9y

swtyn#

11

akey 

85c4ed3c8143a204e43d03c7ae5d8384

avalue

https://manage.exchangeratesapi.io/quickstart

...

{
  "success":true,
  "timestamp":1632014357,
  "base":"EUR",
  "date":"2021-09-19",
  "rates":{
    "USD":1.17259,
    "AUD":1.613804,
    "CAD":1.497285,
    "PLN":4.591908,
    "MXN":23.477015
  }
}

JS example code to pull exchange rates

// set endpoint and your access key
endpoint = 'latest'
access_key = 'API_KEY';

// get the most recent exchange rates via the "latest" endpoint:
$.ajax({
    url: 'https://api.exchangeratesapi.io/v1/' + endpoint + '?access_key=' + access_key,
    dataType: 'jsonp',
    success: function(json) {

        // exchange rata data is stored in json.rates
        alert(json.rates.GBP);

        // base currency is stored in json.base
        alert(json.base);

        // timestamp can be accessed in json.timestamp
        alert(json.timestamp);

    }
});

https://exchangeratesapi.io/documentation/

Convert the API JSON or CSV to a forex table

1. Get the currency codes from a currency code api by country
2. Create the workbook currencyCodesByRegion gsheet
3. Select the currencyCodes list as an input string to create a parm list for forex api
4. Run a groovy script (   ) from file: groovy-ex1.groovy to create a currencyCode parm list for the exchangerateapi query
5. Get the forex table for the currency codes as JSON or CSV and load as a new sheet in the gsheet
6. Use a vlookup on the gsheet countryForex sheet to set the exchangeRateUSD and exchangeRateEUR values for each country returned
7. export the countryForex as a csv file
8. Create a table m_currencycodesforex in a database ( MySQL, Mongo, Postgres etc )
9. Import the countryForex.csv file to the table

Other Financial APIs

F2P solution

MVP Plan

https://drive.google.com/file/d/1fmNi3Nptr335LZyp-40l8sM7kntZLzFh/view?usp=sharing

OKR - Objectives Key Results 

Problem Statements 

https://paramountsoft.atlassian.net/wiki/spaces/FAR/pages/264077353/Problem+Statements

Meetings

Restructure F2P product plan - 210504

...

Step-by-step guide for Example

sample code block

Recommended Next Steps

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...