Newsletters


CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman / Head of Legal and Special Adviser to The Global Trade Finance Department At SMBC, Apr 2022

Friday, April 22nd, 2022

As you may have seen we have been successfully holding in-person events and so excited to be able to announce that more are being planned. With Zurich being our next stop, Dubai, Amsterdam and Paris will eventually follow, with a variety of topics and interesting and topical agendas being planned.

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MORE THAN SEVENTY PERCENT OF BANKERS EXPECT TO REPLACE THEIR TRADE FINANCE TECHNOLOGY IN THE NEXT FIVE YEARS, Apr 2022

Tuesday, April 12th, 2022

A significant majority of trade finance bankers are expecting to replace their trade and supply chain finance technology in the coming years, in an attempt to drive digitisation across the industry.

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EMERGING LEADERS UPDATE: MENTORING SCHEME 2022 LAUNCHES, ANNUAL COMPETITION, EVENT SCHEDULE, Apr 2022

Friday, April 22nd, 2022

The first quarter of 2022 is behind us and the ITFA Emerging Leaders Committee is keeping busy! In this month’s newsletter we would like to share some exciting updates.

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DOES A BENEFICIARY’S RECKLESS PRESENTATION UNDER LETTERS OF CREDIT AMOUNT TO FRAUD?A critique of Credit Agricole v PPT Energy, Apr 22

Monday, April 11th, 2022

Letters of credit (“LCs”) are the lifeblood of international trade. The policy considerations of ensuring that such documentary credits serve the function of cash means that banks must pay against a conforming presentation under an LC; its role limited to dealing with the documents on its face and not the underlying transaction, the underlying goods or the underlying motivations of parties to the trade.

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LESSONS LEARNT 2020/2022 – PUTTING A DIFFERENT PICTURE TOGETHER, Apr 2022

Tuesday, April 12th, 2022

Looking back on the past two years with a pandemic not experienced for long, the increasing symptoms of climate change reaching our front doors in private as well as management floors in companies and last not least a totally unexpected war in Europe we have trouble following the impact on our lives.

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ITFA NEW MEMBERS, Apr 2022

Friday, April 22nd, 2022

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

– Aegon Asset Management
– Evolution Credit Partners Management LLC.
– Stephenson Harwood
– StorX 
– Squire Patton Boggs

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MEMBERS REJOINING ITFA, Apr 2022

Friday, April 22nd, 2022

ITFA is pleased to welcome back the following institutions to its growing family:

– COMOI Consulting S.p.A.
– Jiangsu Jiangyan Rural Commercial Bank Co. LTD
– Meridian Finance Group
– Norex International LLC
– SABB

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CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman / Head of Legal and Special Adviser to The Global Trade Finance Department At SMBC, Mar 2022

Friday, March 18th, 2022

I hope you are fine wherever you are in the world. During these uncertain times I feel obliged to shift the initial thought of this newsletter towards the situation in Ukraine. To this effect we encourage our peers to join some funding towards helping this current humanitarian cause.

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TECHNOLOGY AND COLLABORATION – THE FORMULA FOR RECONCEIVING TRADE FINANCE, Mar 2022

Thursday, March 17th, 2022

A recent report from McKinsey and the International Chamber of Commerce titled “Reconceiving the global trade finance ecosystem” pulls out a number of key issues with global trade: supply chain issues creating fragility, the insurmountable barriers for SMEs attempting to access funding and lack of interoperability.

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THE SECRET SAUCE: MAXIMISING BANK-FINTECH COLLABORATION IN TRADE FINANCE, Mar 2022

Thursday, March 17th, 2022

During my lifetime, much has been said about the idea of “fintech disruption”.

About five years ago, for example, emerging technology companies identified as “fintechs” were said to represent a competitive threat to transaction banks

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INDIA-UK FREE TRADE AGREEMENT – A GAME CHANGER?, Mar 22

Thursday, March 17th, 2022

The economic ties between UK and India have come a long way since 1991 when, India liberalized her economy. After Brexit, the UK is focused on developing engagement with non-European economies. The EU-India FTA negotiation is stuck in limbo with limited chances of revival. India-UK economic ties will hedge bets for both countries.

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OF INFLATION, PANDEMICS AND WARS, March 2022

Friday, March 18th, 2022

Nobody predicted the Covid pandemic, which hit the world in February 2020, causing the second global recession of the 21st century and taking millions of lives around the globe.

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