How a Single KPI Rewrote Global Trade Finance

What this episode covers

Episode 20 of Global Trade with Fexingo digs into the obscure but world-altering metric: the 360-day year used in trade finance. When the International Chamber of Commerce updated its uniform rules in 2020 to sync interest calculations with actual calendar days, it quietly reshaped $9 trillion in trade credit. Lucas explains how banks and corporates had priced $2.3 trillion in short-term loans using a convention dating back to Babylonian clay tablets — and how one spreadsheet error in a Singapore shipping firm exposed the cost. Luna pushes back on whether this is just accounting trivia. Together they trace the ripple: from letter-of-credit pricing in Mumbai to commodity hedging in Chicago, and why the shift still isn't complete in 2026. A concrete case, a single number, and a trade rule most people have never heard of. #TradeFinance #ICC #UniformCustomsAndPractice #360DayYear #LettersOfCredit #GlobalTrade #Economics #InternationalCommerce #Banking #TradeCredit #SupplyChainFinance #CommodityHedging #RiskManagement #Basel #Singapore #Mumbai #Chicago #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

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Frequently Asked Questions

How long is this episode of Global Trade with Fexingo: WTO, Free Trade Agreements, and International Commerce?

This episode is 10 minutes long.

When was this Global Trade with Fexingo: WTO, Free Trade Agreements, and International Commerce episode published?

This episode was published on May 30, 2026.

What is this episode about?

Episode 20 of Global Trade with Fexingo digs into the obscure but world-altering metric: the 360-day year used in trade finance. When the International Chamber of Commerce updated its uniform rules in 2020 to sync interest calculations with actual...

Can I download this Global Trade with Fexingo: WTO, Free Trade Agreements, and International Commerce episode?

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