Friday, January 6th, 2023

To get 2023 off to a good start, we are delighted to send our members a belated Christmas present in the shape of the CRR opinions on the English and New York law master participation agreements (for the 2008 and 2019 English law versions and the New York 2019 version all as updated for LIBOR transition).

Monday, December 5th, 2022

As new technology and legislation ushers in the ability to create electronic payment obligations, ITFA is proud to announce the publication of a unique set of rules covering the transfer of these obligations. We believe that the rules will provide the industry with a robust framework within which to operate with confidence, and enable the modernisation of the traditional forfaiting market.

Thursday, November 10th, 2022

ITFA is proud to announce the publication of its full White Paper on sustainable trade finance and African trade, following consultation with the industry on its positioning paper published in October 2022. Produced by the ITFA team and Kleos Advisory, this White Paper seeks to give an African voice to the evolving debate on sustainability standards for trade.

Tuesday, October 4th, 2022

Further to the ITFA communication dated 28th September, we would like to make you aware that we have made some minor amendments to the positioning paper on Sustainable Trade Finance and African Trade.

Thursday, January 27th, 2022

ITFA is pleased to invite its members to a webinar providing further insights into the transition from IBOR to risk-free reference rates. The webinar will consist of three short presentations from Mayer Brown, the Bank of England and CME Group, with an opportunity for Q&A at the end.

Tuesday, November 23rd, 2021

During the 2021 ITFA conference, Professor Sarah Green provided additional insight into how the Law Commission is working with the UK Government to reform English law to allow the creation of electronic trade documents. Professor Green’s presentation can be viewed here Presentations (itfa.org). ITFA has contributed to the consultation and reform process.

Wednesday, October 27th, 2021

The transition to risk free rates away from LIBOR affects market standard documentation such as the Master Participation Agreement widely used for distribution of trade assets. ITFA, BAFT and law firm Sullivan & Worcester have therefore produced amendment agreements to the 2008 and 2018 English law master participation agreements and the 2010 and 2019 New York law versions as well as amended versions of the full agreements.

Friday, October 15th, 2021

After three years of effort and numerous negotiations with insurers, banks, law firms and brokage firms, ITFA has released a Basel III policy form which elevates policy wordings and enhances market efficiency based on an original policy form developed by Willis Towers Watson.

Thursday, July 15th, 2021

When BAFT, ICC and ITFA wrote their joint paper in 2020 on the measures banks and others were taking to deal with effects of Covid-19, we expressed some hope, in the then darkness, that the pace of digitalisation would increase and provide solutions for many of the problems the world was then facing.

Thursday, June 17th, 2021

ITFA and Trade Finance Global Trade (TFG) have today launched the LIBOR transition for trade finance hub.

Friday, April 9th, 2021

Since we published our last bulletin on LIBOR there have been a number of significant developments in the availability and potential use of forward-looking term rates. Our latest bulletin which is available to ITFA members, highlights the important issues.

Thursday, March 18th, 2021

In addition to the recent joint communication by ITFA and BAFT, the ITFA Market Practice Committee would like to draw attention to some practical considerations for those of you providing trade financing in GBP.