Australia
Hong Kong
Japan
Singapore
United Arab Emirates
United States
France
Germany
Ireland
Netherlands
United Kingdom
By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.
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 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.
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.
Tradecast announced, June, 2nd 2020: Trade Finance Transactions Go Live – BAFT’s Digital Ledger Payment Commitment (DLPC)
The Distributed Ledger Payment Commitment (DLPC) is a potential solution allowing for digital representations of payment commitments on a distributed ledger.
