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Greensill Capital’s troubles, supply chain finance — and where do we go from here?

The future of the supply chain finance firm Greensill Capital is on shaky ground, and after our initial coverage of its impact on SCF, let’s look ahead.

News about Greensill broke this week when an insurer gave notice of intention not to renew a policy, triggering uncertainty about Greensill’s value. The trade cover insurance provided to Greensill is in the order of US$4.6 billion, in respect to about 40 clients. This forced Credit Suisse Group AG to freeze a client fund that bought the debt — and has rocked the supply chain finance industry.

Greensill's troubles are all playing out in real time, and things are happening fast, but I jotted some notes on where we go from here.