Newsletters


CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman, May 2024

Thursday, May 30th, 2024

Dear Members and Friends,

I hope this message finds you
in good health and high spirits.  As we step into a new month, I’m
managing a few days in the office following a busy conference round over the
last few weeks.

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ITFA Project Tracker, May 2024

Friday, May 24th, 2024

The ITFA Project Tracker offers a concise snapshot of the various projects and initiatives that ITFA is currently engaged in. Using a red, amber, green (RAG) status system, it visually indicates the progress and current status of each project.

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ITFA CHAIR WINS AWARD FOR CONTRIBUTION TO DIGITISATION OF TRADE, May 2024

Wednesday, May 22nd, 2024

ITFA chairman Sean Edwards was awarded the Director’s Award for the individual who has made the greatest contribution to the digitalisation of international trade by the ICC UK and the UK’s Centre for Digital Trade and Innovation (C4DTI) at their annual conference last month.

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ITFA’S FRAUD PREVENTION WORKING GROUP RELEASES FIRST WHITE PAPER, May 2024

Thursday, May 23rd, 2024

ITFA’s fraud prevention working group has published its first whitepaper aimed at helping the trade finance market tackle the perpetual challenge of cross-border fraud.

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ITFA NEW MEMBERS, May 2024

Tuesday, May 21st, 2024

ITFA is pleased to welcome two institutions to its growing family:

– Diot Siaci
– Lonmar

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CREDIT RISK IN CREDIT INSURANCE: ITFA AND GCD JOIN FORCES, May 2024

Tuesday, May 21st, 2024

The publication of the GCD report Credit Risk in Credit Insurance is a significant milestone in our advocacy efforts for credit insurance. The report commissioned and funded by ITFA in December 2023.

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ARC EDUCATIONAL WEBINAR ON MANAGING CREDIT AND OPERATIONAL RISK IN TRADE FINANCE, May 2024

Thursday, May 16th, 2024

On May 7th ITFA’s African Regional Committee (ARC) held the first in this year’s series of educational webinars, chaired by the ARC Secretariat, Tedd George.

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ARC PLAYS KEY ROLE IN GTR WEST AFRICA, LAGOS, May 2024

Thursday, May 16th, 2024

In April four members of ITFA’s Africa Regional Committee (ARC) participated in GTR West Africa, using the occasion to advocate strongly for ITFA and encourage African financial institutions and professionals to get involved in the ARC’s work.

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ITFA SHARES THE LATHAM & WATKINS MEMORANDUM OF ADVICE IN RELATION TO CREDIT RISK INSURANCE, May 2024

Thursday, May 2nd, 2024

The memo was commissioned by the ITFA Insurance Committee to support the EBA with its report to the European Commission on credit risk insurance and the industry’s ongoing regulatory advocacy efforts to see a better capital treatment for credit insurance used as eligible credit risk mitigation under Basel III.

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CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman, April 2024

Monday, April 29th, 2024

In another bustling month at ITFA, we witnessed a myriad of remarkable achievements and activities. April commenced with events in Dubai, marking the beginning of a series of engagements that traversed California and New York. Alongside Andre Casterman, I represented ITFA at the Trade & Investment Forum held in London.

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DEMICA’S 2024 BENCHMARK REPORT FOR BANKS IN TRADE FINANCE, April 2024

Wednesday, April 24th, 2024

Sean Edwards, ITFA chair, gave his views on the market to Demica’s 2024 Benchmark Report for Banks in Trade Finance. This is Demica’s third annual report covering key trends across all supply chain finance products.

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NEW SERC HEAD CARRION MORILLO WANTS TO BOOST MEMBERSHIP AND NETWORKING, April 2024

Thursday, April 25th, 2024

Alberto Carrion Morillo was appointed as the new head of a revamped ITFA Southern European Committee (SERC) earlier this year. He has set himself the dual goal of boosting ITFA membership in the region as well as putting together a packed schedule of educational events and networking opportunities to foster better conversations on relevant market issues.

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THE VOICES FROM OUR REGIONS, April 2024

Friday, April 26th, 2024

Don’t miss two articles featuring the dynamic roundtable hosted by GTR MENA in collaboration with us in Dubai and our educational event – Lunch & Learn in California.

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ITFA NEW MEMBERS, April 2024

Thursday, April 25th, 2024

ITFA is pleased to welcome four institutions to its growing family:

– Basisbank
– DRUM Advisory Limited
– MS Amlin
– Tech Cargo

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ITFA LAUNCHES OPEN ACCOUNT DISTRIBUTION FRAMEWORK, April 2024

Thursday, April 25th, 2024

ITFA is anticipating “good take-up” of its newly launched Master Account Receivables Assignment Agreement (Mara) template – a new tool available to members to standardise the distribution of open account assets.

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CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman, March 2024

Tuesday, April 2nd, 2024

I stepped in recently to replace a wounded colleague (speedy recovery, Gary B!) at a Sanctions Masterclass held by our partners ICC UK. My slightly cynical take on the subject certainly got some laughs but there are some deep conundrums here to which there are no easy answers (other than the naturally British reaction to deploy humour).

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ITFA’s INSURANCE COMMITTEE HAS ENCOURAGING MEETING WITH EBA, March 2024

Monday, March 25th, 2024

Representatives from ITFA and a number of other industry bodies had an encouraging meeting with the European Banking Association (EBA) last month about the impact of finalised Basel III regulations on the use of credit insurance.

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ITFA’s UPDATE – LATE PAYMENT DIRECTIVE, March 2024

Tuesday, March 26th, 2024

ITFA has continued its discussions with members of the European Parliament and the Council on the ongoing process around the proposal for a new European regulation to replace the Late Payment Directive.

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ITFA WEBINAR AIMS TO SHED LIGHT ON ESG AND CLIMATE CHANGE REPORTING, March 2024

Monday, March 25th, 2024

Deciphering the vast and ever-changing regulation related to environmental, social and governance (ESG) and climate change can be overwhelming for banks and financial institutions, given the number of frameworks, directives and acronyms in place.

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THE VOICES FROM OUR REGIONS, March 2024

Tuesday, March 26th, 2024

Don’t miss two articles featuring our events in Toronto and Houston, including photos, from our Americas Regional Chapter.

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