Tuesday, May 23rd, 2023

What is forfaiting, you ask? Well, dear reader, it’s a financial instrument that’s not quite a promissory note and not quite a letter of credit. In other words, it’s like the middle child of the financial world – always overlooked and underestimated.

Thursday, May 25th, 2023

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

– COFACE,
– Finventory,
– IQUW,
– WMC Energy

Tuesday, April 25th, 2023

I hope this newsletter finds you all well. As we continue to navigate the ever-evolving landscape of trade finance, I am pleased to share with you some of the latest developments and initiatives at ITFA.

Thursday, April 20th, 2023

ITFA has issued responses to the UK’s Prudential Regulation Authority (PRA) consultation on Basel 3.1 implementation, taking the lead on a submission that focuses on the recognition and treatment of credit insurance as a valuable credit risk mitigation tool, and joining forces with other industry associations on a submission outlining the implications for the bank-related provision of trade finance.

Thursday, April 20th, 2023

Demica has released its 2023 Benchmark Report for Banks in Trade Finance, its second annual report covering key trends across all supply chain finance products.

Thursday, April 20th, 2023

The ITFA is delighted to update you on the research that is being conducted to assess risks to the trade finance sector associated with sustainability and ESG regulations.

Thursday, April 20th, 2023

To resolve Africa’s debt sustainability crisis, enhanced information and communication between the stakeholders will be crucial, especially to dispel false narratives and counter disinformation on Africa’s debt situation.

Thursday, April 20th, 2023

The International Trade & Forfaiting Association (ITFA), together with Banco Santander organised ITFA’s Southern European Regional Committee (SERC) educational day in Santander’s HQ on March 15th, 2023.

Friday, April 21st, 2023

On March 28th ITFA’s Africa Regional Committee (ARC) launched the first in a series of educational webinars aimed at financial professionals working in Africa.

Thursday, April 20th, 2023

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

– Crescendo Asset Management, LLC,
– Macquarie Group Limited (Macquarie),
– PANGEA-RISK,
– Recovery Advisers,
– Scotiabank

Friday, March 24th, 2023

Abu Dhabi here we come! As I am sure you are aware by now, this year’s conference, the 49th edition, will be held in Abu Dhabi – the capital of the United Arab Emirates between the 11 and 13 October, 2023 at the luxurious Ritz Carlton, Abu Dhabi Grand Canal Hotel.

Wednesday, March 22nd, 2023

Investor understanding of trade finance funds and how they fit into a balanced portfolio has some way to go, agreed panelists at the 2022 ITFA Annual Conference, and the asset class must hold its own against other structured finance asset offerings to gain momentum.

Friday, March 17th, 2023

It was a pleasure to welcome well over 100 attendees to the recent ITFA NERC Winter Seminar kindly hosted at their premises and co-sponsored by Allen & Overy.

Friday, March 17th, 2023

The theme chosen by Trade Finance Global for this year’s International Women’s Day was #EmbraceEquity, emphasising the fact that we can all truly embrace equity. Equity is about creating an inclusive world.

Thursday, March 23rd, 2023

As uncertainty remains in global supply chains and trade finance, the International Trade and Forfaiting Association’s (ITFA) Lynn Galkoski, Director, Trade Product & Portfolio Management with BNY Mellon Treasury Services shares her insights on trends that may arise this year.

Tuesday, March 21st, 2023

The ITFA Board was delighted to support GTR at their GTR MENA conference in Dubai in February – the first fully in-person large-scale event in Dubai for many of us since the pandemic.

Friday, March 24th, 2023

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

– Asian Development Bank (ADB)
– CRX Markets
– C2FO
– International Metal Platform AG
– TradeSun
– vabble.io
– Yapi Kredi Nederland

Friday, February 24th, 2023

We kicked off events in Tallinn, where together with Andre Casterman, I represented ITFA during the ITFA-SupplierPlus SCF Summit 2023. During this summit, our second in Tallinn, we discussed the potential use of digital negotiable instruments (such as electronic bills of exchange) with irrevocable payment undertakings and the new SCF accounting rules.

Tuesday, February 21st, 2023

Russia’s invasion of Ukraine and the subsequent sanctions, forced businesses into a choice. Either they were required, in an already difficult and competitive environment, to look elsewhere to other markets just as corrupt and dangerous as Russia, or to seek loopholes and shortcuts in the sanctions program and claim that their individual or corporate entity was clean and therefore fine to work with, even if this is self-evidently untrue.

Friday, February 17th, 2023

As many of you will have already taken notice of following the recent email by ITFA, the Association of Forfaiters in Switzerland ‘VEFI’, will soon be hosting its traditional bowling and jass evening kindly sponsored by Willis Towers Watson