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.
We were very pleased to bring you yesterday’s webinar on the UK and EU Trade Co-operation Agreement partnering with Clifford Chance and Coriolis Technologies. We had a great turnout but the ITFA Board wishes to invite those who missed the webinar or who want to view it again, to click here.
A list of topics currently being addressed by the MPC has been published in the Member Area of the ITFA website. This list will be updated regularly and posted to the Bulletins section of the MPC Members Area.
Many of you are aware of the progressive transition away from LIBOR. You have therefore been approaching ITFA to better understand the possible impact to your business, and in particular whether any changes need to be made to some of the commonly used documents such as the BAFT MPA forms.
The Insurance Committee is thrilled to continue its series of Friday afternoon learning sessions on Insurance related topics with a look at how the Insurance market for Global Transaction Banking will evolve in 2021. This webinar is kindly being sponsored by Texel.
ITFA is proud to launch its new website. We are equally...
By Lorna Pillow, 1 year ago
February 25, 2021
February 25, 2021
February 24, 2021
February 24, 2021
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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