Friday, February 26th, 2021

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.

Monday, July 20th, 2020

We are pleased to publish, and make available for members, a draft proof of concept agreement for use by financial institutions and fintechs. The intention is for the draft to form a base for discussion between the two entities where the institution wishes to use a fintech SaaS solution in a non-regulated sandbox environment for both parties to gain insight and feedback on feasibility and functionality.

Wednesday, May 13th, 2020

The ITFA Market Practice Committee (MPC) has been tracking developments with the phasing out of the LIBOR interest rate benchmark (as well as other term-based interbank reference rates) and would like to bring to Members’ attention some specific challenges posed to the wording of standardised MPAs which may arise during the transition period.

Wednesday, April 8th, 2020

Since we published our guidance on digital signatures last week here, we have received a number of queries asking if the BAFT-ITFA Master Participation Agreement can be signed in this way.

Friday, March 20th, 2020

ITFA and TFG welcome global experts from the industry to discuss how the trade industry is forming the frontline for millions of businesses around the world during the COVID-19 pandemic. Join us on our first ever COVID-19 ‘tradecast’.

Thursday, December 12th, 2019

ITFA is pleased to announce that new legal opinions, issued by Sullivan & Worcester are now available to ITFA and BAFT members.

Thursday, October 31st, 2019

As many of you are probably aware, the European Commission has launched, on 11 October 2019, a Public Consultation on the Implementation of the final Basel III reforms in the EU.

Monday, October 21st, 2019

Following a number of requests from its members, ITFA – through its Market Practice Committee (MPC) – is in the process of drafting a white paper addressing “Structured LCs”.

Wednesday, May 29th, 2019

Further to the release of the latest BAFT English law MPA (released in September 2018) and subsequent New York law version last week, we are aware that widespread adoption of the new templates is crucial for simplifying how the secondary market for trade finance operates.

Thursday, May 23rd, 2019

ITFA has published a guide to accounting and legal issues under International Financial Reporting Standard (IFRS) 9 for the trade receivables and supply chain finance industry.

Thursday, May 23rd, 2019

Following the release of the updated English law Master Participation Agreement (MPA) by BAFT last September, ITFA is pleased to inform you that BAFT has now also released the updated New York law MPA. The new form will be available to ITFA members in the Member Area of our website.

Thursday, March 14th, 2019

The Prudential Regulation Authority (PRA) has published a Policy Statement (PS 8/19) and updated Supervisory Statement (17/13 “Credit Risk Mitigation”, which will come into force on 13 September 2019) in relation to the use of different types of guarantees as unfunded credit risk mitigation (CRM) for the purposes of calculating capital requirements under the Capital […]