BAFT

We have just completed the marathon that is virtual Sibos – a festival of trade, treasury, and payments. So what better way to celebrate than to be joined by the CEO of the Banks Association for Financing Trade (BAFT), Tod Burwell.

TFG’s editor, Deepesh Patel had the pleasure of speaking with Stacey Facter from BAFT, Christian Hausherr from Deutsche Bank AG and the Global Supply Chain Finance Forum and John Monaghan from Citi Treasury and Trade Solutions at BAFT’s Virtual Global Annual Meeting.

The global macro economic impact of the pandemic and how its prolonged impact on certain sectors and trade was discussed at length in a panel moderated by Jake Jacobson at the BAFT’s 2021 virtual Global Annual Meeting.

We take a dive into the world of Letters of Credit (LCs) and Standby Letters of Credit – some of the essential tools in cross-border trade transactions.

Everything you need to know about how the transition away from Libor will impact your business

GSCFF updated its Standard Definitions for the Corporate Payment Undertaking (CPU), Dynamic Discounting (DD) and Bank Payment Undertaking (BPU).

Global Supply Chain Finance Forum issues payables finance guidance to drive further clarity on terms and techniques

The only way to make Trade Finance standardisation and harmonisation opportunity to realise is to make the needed standards coordination and development resources openly available for the business process and systems developers.

TFG has released its latest issue of Trade Finance Talks entitled ‘Coronavirus & The Fourth Industrial Revolution’.

TFG heard from BAFT’s President & Chief Executive Officer, Tod Burwell, on some of the latest updates from the association for 2020, what new initiatives have been launched, and what members can expect for the remainder of 2020.

How are the rights and obligations of the parties to a credit affected on account of missed deadlines caused by these force majeure events?

TFG and BAFT’s recent Tradecast. The Distributed Ledger Payment Commitment (DLPC) is a potential solution allowing for digital representations of payment commitments on a distributed ledger.

The Distributed Ledger Payment Commitment (DLPC) is a potential solution allowing for digital representations of payment commitments on a distributed ledger.

The International Chamber of Commerce (ICC), International Trade & Forfaiting Association (ITFA) and BAFT today shared some of the ad hoc practices being implemented by FIs under the COVID-19 pandemic.

ITFA, BAFT, Berne Union, IACPM, IUA and LMA today wrote to European Union policymakers about the importance of facilitating bank lending amid the COVID-19 crisis.