Forfaiting News

Education seminars

Posted on Tuesday, August 26th, 2014

Twenty-eight people from all over the world attended the forfaiting seminar in Prague on 2nd and 3rd September, ahead of the conference. The course, which spanned two half-days, was an introduction to best practice in forfaiting and covered, among other things, risk assessment, how to carry out discount calculations, documentary issues and considerations of how […]

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Party in Prague

Posted on Tuesday, August 26th, 2014

ITFA’s Prague conference was one of the most successful in the nine-year history of the Association. The 185 attendees from 34 countries gathered at the Intercontinental Hotel on Wednesday 3rd September in the historic Czech Republic capital for the two-day event, which culminated in cocktail reception and gala dinner at St. Agnes Monastery. At the […]

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Website improvements

Posted on Tuesday, August 26th, 2014

If you have had trouble accessing some of the material on the ITFA website over recent weeks, we are pleased to tell you that we have now fixed the problems. Following relaunch of the site there were one or two teething problems and our technicians have now sorted them out. But if you feel that […]

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Transcapitalbank syndication massively over-subscribed

Posted on Tuesday, August 26th, 2014

The 364-day facility will be used to finance Transcapital’s customers’ trade contacts and was priced at a margin of 2.95%. It was brought to market by Banco Finantia S.A., Commerzbank AG and VTB Bank (Deutschland) AG in mid-June. By the time of loan-signing five weeks later, subscriptions had reached US$70m with Raiffeisen Zentralbank Osterreich AG […]

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Our thanks to Norbert Fritsch

Posted on Tuesday, August 26th, 2014

Norbert, who works for HVB in Munich, has completed two three-year terms on ITFA’s Board and therefore under our Board mandate he is obliged to step down. But we will miss him. “He has brought to ITFA his three decades of experience of trade finance and forfaiting, as well as playing a vital role on […]

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