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 […]

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 […]

Tuesday, August 26th, 2014

Investkredit is part of Volksbank Group and is responsible for its corporate and real estate business. It has offices in 7 countries in Central and South Eastern Europe including Czech Republic, Poland, Romania, Slovakia and Ukraine and has a well-developed capability in international structured and trade finance. The bank’s business streams include providing advice on […]

Tuesday, August 26th, 2014

New ITFA member The Receivables Exchange is a platform established to give private companies rapid access to working capital. Headquartered in New Orleans with an office in New York, qualifying companies can list their invoices on The Receivables Exchange where capital providers bid to buy the receivables. The Exchange’s target is the massive accounts receivable […]

Tuesday, August 26th, 2014

Work is currently being carried out to improve the ITFA website and make several changes to enhance the user experience. We apologise for the inconvenience this may cause, and reassure users that this should only be a minor disruption which should be completed over the next few days.

Tuesday, August 26th, 2014

The ITFA Association kindly encourage a representative of your esteemed bank to subscribe the ITFA co-sponsored event on “Structured Commodity & Trade Finance Asia” conference on 26-28 August 2008 in Singapore and hereby thank you in advance if you could make sure to pass the subject information to any of your local branches and/or colleagues […]

Tuesday, August 26th, 2014

More than 70 delegates attended a reception in Singapore on 6th June to mark the inauguration of ITFA’s new India and South Asia Regional Committee. The attendees represented the major banks and forfaiting houses in the region, most of which are based in Singapore. The new Committee’s chairman, Unicredit Singapore’s Charles Brough, comments that to […]

Tuesday, August 26th, 2014

The Paris-based multilateral trade body is best known in the forfaiting market for its Uniform Customs and Practice for Documentary Credits and other key rulebooks for facilitating international trade. It has now constituted a Forfaiting Task Force that has commented on the Primary Guide soon to be released by ITFA.

Tuesday, August 26th, 2014

Those wishing to attend ITFA’s 9th Annual conference in Prague from 3rd to 5th September will be receiving programme details in the next few days. In the meantime International Conference Solutions Ltd.
which is organizing the conference will be delighted to handle preliminary enquiries. Contact details are: Tel: + 44 208 515 7959 
Fax: + 44 […]

Tuesday, August 26th, 2014

The International Trade and Forfaiting Association has launched its next generation web site with more content and improved navigation We hope our redesigned site will now do a better job of assisting both ITFA members and non-members. We’ve updated the content and improved the navigation and aimed to give it a more user-friendly look and […]

Tuesday, August 26th, 2014

The leading Greek financial services group aims to expand its forfaiting business having joined the ITFA in April 2008. NBG Group has assets of over €84 billion and operates in 10 countries in South Eastern Europe including Cyprus, Turkey, Romania, Bulgaria and countries of the Former Yugoslavia. It has substantial and longstanding trade finance operations […]

Tuesday, August 26th, 2014

ITFA will stage an education course on 2nd and 3rd September ahead of this year’s annual conference in Prague, which will be open to members and non-members of ITFA. As the latest in its series of education events, ITFA will hold the course at the InterContinental Hotel on the afternoon of Tuesday 2nd and morning […]