TTP Liquidity Brief | Issue 69 - Tough week at the office

This week: Island hopping, strategy sessions, institutional memory, and a cherry orchard. It all makes sense inside.

🌟 A note from the Deputy Editor

Well, that was a week!

The TTP team traded our usual collection of home offices for the beaches of the Philippines this week, getting everyone together for a company-wide strategy offsite. There was plenty of actual strategising, although admittedly it was squeezed between island hopping, kayaking, snorkelling, and a fair amount of time spent soaking up the sun poolside.

There was also food. Lots of food. Jollibee was sampled, a boodle fight was conquered, and more than one strategy session had to contend with a company-wide food coma. More importantly, it was brilliant to have the team together in one place — something that doesn’t happen nearly often enough when your colleagues are scattered around the world.

The sun and sand didn’t stop us from publishing a number of interesting articles, though. Our slow read is the second in a series on the great transfer, this one focusing more on the aspects of any organisation that never seem to get written down. Institutional memory can be immensely valuable, but as experienced people reach the ends of their careers and AI becomes embedded in more of our work, finding ways to preserve that knowledge is becoming more important than ever.

Elsewhere, we take a trip through the world of trade securitisation (with a bit of help from a cherry orchard), look at new financing for SMEs in Kazakhstan and agricultural value chains across Africa. From the studio, we turn to MSME finance and the legal foundations needed to help smaller businesses access it.

As always, there’s plenty to read, watch, and learn.

Until next time — back to the home offices.

The TTP Editorial Team

Country of the Week: Philippines

Did you know that the Philippines sat at the centre of one of the world’s first truly global trade routes? For more than 250 years, the Manila Galleons crossed the Pacific between Manila and Mexico, carrying Chinese silk and porcelain, Southeast Asian spices and other goods west, while American silver travelled east. The route connected Asia, the Americas and Europe in a trading network that spanned the globe.

Philippines trade stats (2024):

Total exports: $97.6B

Total Imports: $139B

Largest export destination: China ($17.5B)

Largest import partner: China ($38.9B)

Largest Export: Integrated Circuits ($23.3B)

Largest Import: Integrated Circuits ($10.8B)

Source: OEC

Slow Read

The things we never wrote down: Why institutional memory matters more than ever

By: Alan Koenigsberg

I was born in the late 1960s, which places me squarely in Generation X: the generation that has spent its life straddling the analogue and digital worlds, occasionally with one foot caught in each.

We were promised the paperless workplace, initially by machines with names such as the Apple II and the TRS-80. For the geeks among us – and  I include myself proudly – 48 kilobytes of memory felt like the beginning of an extraordinary future. We believed computers would eliminate paper, simplify work, democratise information, and give us more free time.

Trade digest

Topic of the week: Credit risk mitigation

Follow us on LinkedIn for the latest updates!

🗓️ Upcoming events

ICC DSI Advancing digital trade in Indonesia

  • Date: 20 August 2026

  • Location: Indonesia

  • Apply here

The Central Bank Payments Conference (CBPC)

  • Date: 31 August - 2 September 2026

  • Location: Istanbul, Turkey

  • Apply here

  • Date: 9 September 2026

  • Location: Singapore

  • Apply here

The ITFA 52nd Annual International Trade and Forfaiting Conference – Split, Croatia 2026

  • Date: 9-11 September 2026

  • Location: Rome, Italy

  • Apply here

TTP x Sullivan Breakfast Club: Structuring commodity trade finance deals in 2026 and beyond

  • Date: 15 September

  • Location: The Lansdowne Club, London

  • Apply here

BAFT 2026 virtual trade finance workshop

  • Date: 22-24 September 2026

  • Location: Online

  • Apply here

2026 BAFT Global Councils Forum

  • Date: 27 September 2026

  • Location: Virtual

  • Apply here

Sibos 2026

  • Date: 28 September - October 1 2026

  • Location: Miami Beach Convention Center, Miami, United States

  • Apply here

TTP x Surecomp Sibos Pool Party

  • Date: 29 September 2026

  • Location: Grand Beach Hotel, Miami Beach, Florida, USA

  • Apply here

TTP Corporate excellence awards 2026 for trade, treasury & payments

  • Date: 7 October 2026

  • Location: The Lansdowne Club in London

  • Apply here

2026 annual meetings of the International Monetary Fund and World Bank Group

  • Date: 12-18 October 2026

  • Location: Bangkok, Thailand

  • Apply here

Money 20/20 USA 2026

  • Date: 18-21 October 2026

  • Location: The Venetian Resort, Las Vegas, Nevada, USA

  • Apply here

TF COP 2026 Summit

  • Date: 8 September 2026

  • Location: Le Méridien Lav, Split, Croatia

  • Apply here

2026 BAFT Asia Forum

  • Date: 9 September 2026

  • Location: Singapore

  • Apply here

From the Studio

🚀 Our latest publication

Trade Treasury Payments (TTP)