The International Trade & Forfaiting Association (ITFA) and Trade Finance Global (TFG) have today launched their international trade finance guide, aimed at clarifying and defining standard definitions for trade finance products, as well as the risks, challenges and opportunities within trade finance.
Mapping the new fintech options to actual needs remains a challenge for many financial institutions, which is why the ITFA Fintech Committee developed the new guide. The guide highlights recent market trends, upcoming technology developments, key innovation ingredients, the ecosystem and describes each provider in a structured way.
ITFA has reviewed its guidelines on the structure and content for CRR compliant non-payment insurance policies, taking into account changes to English insurance law and also reflecting market developments following the implementation of the Insurance Act 2015 and other recent regulatory statements.
ITFA published a guide to accounting and legal issues under IFRS 9 for the trade receivables and supply chain finance industry. This is something that every trade and supply chain finance banker needs to know – ITFA is providing clarity for its members where precious little guidance exists.
ITFA in partnership with BAFT, and drafted by Sullivan & Worcester, has produced the new BAFT/ITFA MPA Legal Opinion. The Legal Opinion covers both the enforceability of the MPA and the manner in which it satisfies the CRR criteria.
Despite this most unusual year, ITFA as the global trade finance industry body has continued to demonstrate its commitment to the industry, our members, and of course, the emerging leaders in trade finance. As such, following the very successful launch of the Emerging Trade Financier Award last year when we had 11 different projects submitted for the jury to consider, this year’s edition proved to be even more successful.
Abu Dhabi Global Market (ADGM), the award-winning international financial centre located in Abu Dhabi, announced today that it has published a public consultation paper on its proposed Electronic Transactions Regulations aiming at putting parties engaging in electronic transactions at ease in terms of degree of certainty.
The ITFA Board is pleased to announce that it will be organising a webinar titled ”Use of messaging options for exchanging trade documents”. This webinar will be held on Tuesday 29 September 2020 at 9:00 EST / 15:00 CEST / 18:30 IST.
The dDOC (for digital document) specifications are designed around three building blocks:
1) The digital container designed using “Ricardian” contracts and JavaScript Object Notation (JSON);
2) the electronic signatures and stamps; and
3) the shared public distributed ledger technology (DLT) acting as digital notary.
ITFA is proud to launch its new website. We are equally...
By Lorna Pillow, 1 year ago
September 25, 2020
September 24, 2020
September 24, 2020
ITFA is a great platform for traditional and non traditional financiers active in the trade finance market to connect. The events create great opportunities to network and both share and discuss key developments and new market practices.
Christian Karam,ITFA allows us to connect with leading industry professionals old and new and fosters long term relationships through their events, committees and publications. Best practice is at the forefront of driving the sector forward, so too their continuous and effective efforts to encourage and support young talent in trade finance and forfaiting. The annual conference is the perfect mix of sharing ideas, building networks and getting to better know our industry colleagues in more informal settings.
Andrew Fairie,ITFA is a very powerful platform for a number of topics, including specific technical expertise, as well as representing our common interests and, equally important, to get to know a lot of very nice people with similar interests and goals.
Manuel López,We are honoured to be part of the ITFA’s family. ITFA represents the soul of our Trade and Forfaiting community. Thanks to ITFA, members are given, during our meetings, the opportunity to share and discuss their experience in the sector. For a Financial Institution like ourselves ITFA helps to connect and build relationships with other Institutions around the world and consequently open doors to new business opportunities.
Kurt Abrate,ITFA offers conciliation and arbitration services in cases of dispute where at least one member of the Association is involved. This service is of particular value in those cases where trade finance disputes arise. Whatever the case we invite you to get in touch.
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