Industry leaders continue to see urgency and opportunity in the further development of trade finance as an asset class. ITFA’s engagement will provide a forum to address the global need for new, non-bank trade financing capacity as well as the demand from capital markets for attractive alternative investments. ITFA will take up and refine the work of the IITF (Investors in Trade Finance) Group started by the ICC. Conceived as a “true North” for the creation and understanding of trade as an asset class, the group will now be known as the ITFA Trade Finance Investment Ecosystem (ITFIE) to reflect the wider possibilities available to the group from ITFA. Working alongside, and in a complementary way, to existing ITFA initiatives on both origination, in the shape of the DNI or Digital Negotiable Instruments Initiative, and distribution, in the form of the TFDI or Trade Finance Distribution Initiative, the rebranded work will continue to focus on its core mission to build bridges of communication, awareness and education between capital markets and trade finance communities globally. Leadership and membership of the group will continue to balance representation from banks, NBFIs, insurers, investors and other stakeholders, including rating agencies, in a re-invigorated environment and will explore new dimensions to accelerate progress. “ITFA has recognised the continuing urgency and relevance in advancing engagement between trade finance and capital markets professionals, as we all look to trade as one important lever in post-Covid recovery. Attracting new capital to drive trade will be critical to economic growth, international development and the revival of global supply chains and their ecosystems. We will update and accelerate the work of this group under the ITFA umbrella.” say Surath Sengupta, Global Head FI Trade distribution, HSBC, and Alexander R. Malaket, President, OPUS Advisory Services International Inc., Co-Chairs, ITFIE. |
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