Trade digitization and electronic documents will be the new-norm as a result of the COVID19 pandemic which will accelerate the transformation process.
The utopia of a truly paperless trade finance industry will eventually happen, however one simple question remains: when?
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.
As the Covid-19 pandemic continues to affect numerous people and organisations, ITFA have today released practical advice on the signature of documents. This is not legal advice.
We heard from ITFA’s Chairman on exploring possibilities of trade finance as a new asset class, as a trade facilitator in emerging markets
TFG’s Nikhil Patel sat down with ITFA Chairman, Sean Edwards, discussing the highs (and lows) of 2019, from a trade, tech and regulatory perspective. We asked ITFA’s view on whether the fireworks of trade wars might slow in 2020, and what’s needed for blockchain to work for trade in 2020.
TFG spoke to the leading trade, banking, forfaiting, factoring and open account industry bodies to get an update on the key projects, initiatives and milestones from 2019.
Today, Trade Finance Global were at the ITFA 46th Annual International Trade and Forfaiting Conference, held in Budapest, observing the ITFA Young Trade Financier of the Year Award.
The Global Supply Chain Finance Forum announced the release of its new guidance document, Market Practices in Supply Chain Finance: Receivables Discounting Technique. The paper is the first in a series of industry guidance documents intended to provide clarity and consistency to the world of supply chain finance.
International law firm Sullivan has advised international financial services association BAFT (the Bankers Association for Finance & Trade), together with ITFA (the International Trade and Forfaiting Association), on the updated New York law Master Participation Agreement (NY MPA) and associated usage guidelines, published yesterday.