LONDON, 7 July 2020. Trade Finance Global (TFG) and The London Institute of Banking & Finance (LIBF) today announce the 2020 winners for the International Trade Professionals Programme (ITPP).

The ITPP gave international trade professionals the chance to write for TFG’s publications. The top 10 writers of the year’s cohort will be enrolled onto a trade finance course, certified by LIBF.

In its first year running, participants worked closely with TFG’s editorial team to plan, scope and produce a journalistic piece of content on a pre-agreed topic within international trade and finance.  Top articles are scheduled to be published in TFG’s flagship publication, ‘Trade Finance Talks’, launching next week.

The top 10 winners will also receive access to one of the six trade and transaction banking courses provided by LIBF, including all the study materials, the examination and certification.

Both the panel at TFG and LIBF faced an incredibly difficult challenge, choosing the 10 candidates who will have access to an LIBF course, given the high calibre of this cohort. The articles were independently assessed by a panel of judges from LIBF and TFG.


Elif Kuman
Aditya Dadheech
Akinbobola Olugbemi
Fragkoulis Kakaris
John Khaw
Matthew Lane
Lungi Mchunu
Mohamed Elnaggar
Mathieu Saadati
Poppie Simmonds

Continuation of the ITPP 2020 community

Given the success of ITPP 2020, TFG have decided to continue the forum for the ITPP 2020 cohort. TFG will continue to support the communities for ITPP and encourage continued conversation via the closed groups.

Trade Finance Talks – magazine

In addition, it was decided to include 5 of the articles in TFG’s magazine, Trade Finance Talks; John Khaw, Mohamed Elnaggar, Mathieu Saadati, Poppie Simmonds, Edgar Rutaagi. These will be published in Trade Finance Talks next week.

“We would like to take this moment to thank you all once again for your incredible efforts as a global trade community, particularly during these difficult and uncertain times.” said Deepesh Patel, Editor, TFG.

ITPP Alumni 2020

Alumni for ITPP 2020 are as follows:

  • Ahmed Alomery
  • Anirban Chatterjee
  • Mohua Banerjee
  • Tinashe Chiwanza
  • Aditya Dadheech
  • Tom Dean
  • John Dunlop
  • Mohamed Elnaggar
  • Jason Grever
  • Ramesh Gopal
  • Abhishek Gupta
  • Osama Ibrahem
  • Ramesh Iyengar
  • Biji Kurian John
  • Fragkoulis Kakaris
  • John Khaw
  • Elif Kuman
  • Zoltan Kormoczi

  • Matt Lane
  • Guillermo Lemmo
  • Tadzina Mannathoko
  • Lungi Mchunu
  • Christopher Moore
  • Harsh Narain
  • Samrat Nanyasi
  • Chidochashe Ncube
  • Oscar Ofumbi
  • Philip Oguntoye
  • Akinbobola Olugbemi
  • Mohammed Ragab
  • Juan Rodrigo
  • Edgar Azairwe Rutaagi
  • Mathieu Saadati
  • Neha Saxena
  • Poppie Simmonds
  • Harpreet Singh

ITPP Entries – 2020

Launched: International Trade Professionals Programme 2021 by Joana Fabiao - TFG, LIBF, FCI and EBRD, launch the International Trade Professionals Programme (ITPP) 2021, following the success of last year’s cohort, at EBRD’s annual conference.
RFQ and QTO; Science or Art Form? by John Dunlop - The Buyer’s Request for Quotation (RFQ) and the responding Seller’s Quotation (QTO) need not be a kabuki dance event that only creates the appearance of engaging in a transaction.
Wirecard’s Travails and Lessons for the Trade Finance Community by Philip Oguntoye - Wirecard is suspected of misleading investors through aggressive accounting practices including inflating sales and revenue in order to appear to be performing better than it is actually doing.
Is ‘video’ the next big thing in trade finance? by John Dunlop - Many new fintechs are fielding trade transaction cloud platforms that combine video technology with non-bank trade finance that is going to fill the vacuum created by the banking industry.
How to Prevent Double Invoice Fraud by Mohua Banerjee - EIPP in combination with blockchain can help banks avoid duplicate Invoice Financing and perform dedupe effectively.
Banking the unbanked – how the trade finance asset class can stimulate economic growth in emerging economies by Matt Lane - There is immense synergy to be unlocked between SMEs and trade finance funds by working closely together and developing relationships that allow for a level of comfort on both sides of the coin to be developed over time.
How should Colombia transform its oil-dependency for an eventual post COVID-19 global economic rebound? by Juan Rodrigo - With competitive digital economy, Colombia will be able to plan for post-pandemic recovery and strengthen regional economies to adopt smart solutions linked to the Internet of Things that allow them to compete in global value chains.
Local Currency System (SML) – secret ingredient for trade flow recovery by Guillermo Lemmo - The Local Currency System - SML - resurfaces as an alternative to recover trade flows not only in the Mercosur but also in other regions of the world which can implement it.
Saving the Finance World with Decentralized Finance (DeFi) by Mohammed Ragab - DeFi has unleashed a wave of innovation, offering exciting opportunities and the potential to create a truly open, transparent, and immutable financial infrastructure.
SME Crisis Playbook: Generating cash with trade receivables finance by Zoltan Kormoczi - SMEs need to re-think their innovation strategy including digitalisation as the pandemic has accelerated the shift to digital technology in trade.
Blockchain consortia in trade finance. Survival of the fittest? by Abhishek Gupta - Only through collaboration and interoperability with other key technologies like AI, RPA, and the IoT will the path of consortia be effective in making trade finance truly digital.
Distribute the Ledger, Not FinCrime Risk by Christopher Moore - If regulators and established FIs are to place their faith - and their capital - in Blockchain, it must have a financial crime control framework to match efficiency of the solutions blockchain offers.
Structured Commodity Finance (Agri) – How do you think green when your numbers are red? by Lungi Mchunu - Farmers are losing money regardless of their size, defaulting on existing facilities, and as such financiers are exiting structured commodity finance due to credit and compliance risks.
Removing Barriers and Empowering Women in Trade by Elif Kuman Saran - Collective action by sector players concentrating on continuing education, enabling women’s access to financial markets, and directing women to more value-added businesses can be a solution to remove barriers and promote women in trade.
Money Laundering – A step-by-step guide for robots to challenge by Aditya Dadheech - Considering the stakes involved in managing the AML/KYC compliances are high, banks/ FI should carefully assess the options available with them and look holistically to mitigate the risk.
Why should Canadian SMEs leverage trade credit insurance post COVID-19? by Anirban Chatterjee - SMEs need to explore innovative financing options like trade credit insurance as they plan and prepare for the “new normal”.
A Bankers Dilemma – Stretching the Operating Cycle for Trade Credits by Harsh Narain - By leveraging technology for insights, a banker can make well-informed decisions, in compliance with audit and ethics, which are in the best interest of the bank.
Debtor Finance – a viable alternative to overdrafts for SMEs in South Africa by Jason Grever - Debtor Finance is a simple, viable alternative to consider for relatively quick access to working capital funding.
OBOR – Why macroeconomic policies are needed to drive China – EU supply chains by Fragkoulis Kakaris - The magnitude and complexity of the OBOR project creates numerous policy challenges for countries in the region seeking to benefit from its implementation thus, the need for policy cooperation.
Bank and Fintech Collaboration – Lifeline for Economic Revival Post-Covid19 by Biji Kurian John - Banks, fintechs, and other vendors have a pivotal role to play in this situation to support communities and try to help the economy moving in the short and long term.
Triggering Force Majeure – The Impact on Documentary Trade Finance and Credit by Ramesh Gopal - How are the rights and obligations of the parties to a credit affected on account of missed deadlines caused by these force majeure events?
Has trade finance pulled the plug on correspondent banking? by Mathieu Saadati - Correspondent Banking should in the future reinvent itself to accompany to be an ideal companion to technical assistance and be a key milestone potential ahead for the Africa market.
EU Energy Relations with Russia: Are Foreign Policies Conflicting or Aligned? by Tom Dean - This article argues that the EU falls short of maintaining ‘mutual solidarity’ and that the stark economic differences between many EU nations leads to conflicting energy policies with Russia.
COVID-19 and its discontents: An insight into Intra-Tripartite Trade by Chidochashe Nicolette Ncube - The pandemic can be an opportunity for TFTA Member States to weaponise cooperation not only for fighting against COVID-19, but also to achieve deeper integration which in the long run will boost intra-Tripartite trade.
Why transit systems are crucial in Southern African Countries (SAC) post COVID-19 by Tinashe Chiwanza - If we could picture the TIR system being implemented in the post-Covid era, it will be a step way forward in going paperless, reducing trade barriers, as well as adding value to existing transit transportation systems.
Negotiable Instruments are going through a makeover – the who, what, where, why by Mohamed Elnaggar - Trade digitization and electronic documents will be the new-norm as a result of the COVID19 pandemic which will accelerate the transformation process.
How Trade Finance Programmes at Multilateral Development Banks are closing the Trade Finance Gap by Edgar Azairwe Rutaagi - The value of Trade Finance Programs, which if combined with regulatory and technological innovation, is destined to hasten the closing trade finance gap and bring broader positive economic outcomes for nations.
The “key” to digital trade finance: Public Key Cryptography explained by Poppie Simmonds - The utopia of a truly paperless trade finance industry will eventually happen, however one simple question remains: when?
Sanction clauses under the Documentary Credits by Osama Ibrahem - Documentary credit may be one of the most convenient payment method available to buyers and sellers, but one should know its limitation to avoid issues and penalties.
Disruption in Global Supply Chain: Can Emerging Economies Play a Bigger Role? by Neha Saxena - With China receiving global backlash for alleged mishandling of Covid-19 crisis, resulting in businesses pulling out, can its neighboring counties with the latter's emerging economies seize the opportunity, or is China irreplaceable?
The Impact of Political Risks and Macroeconomic Policy Uncertainties on the Growth of Trade in Africa by Philip Oguntoye - If Africa is to realize her trade potential, they must be willing to implement far-reaching reforms across all the segments and institutions of the economy.
April 6, 2020; The Day Trade Finance Went From Paper to Paperless by John Dunlop - With the Covid-19 pandemic, our paper-based trade finance settlement system suddenly stopped working. It is about time businesses adopt paperless and digital workflow to safeguard trade finance operations.
Rejigging Africa’s trade position post COVID19: The AfCFTA option by Akinbobola Olukayode Olugbemi - The AfCFTA is an agreement seeking to establish a free trade area in Africa. AfCFTA’s trade liberalization objective, along with other industries goals, Africa may just be set for a new horizon in its trade, post-COVID19.
How the collapse of Hin Leong Trading should accelerate the adoption of technology for trade finance by John Khaw - Hin Leong Trading's, founded by Singaporean oil tycoon Oon Kuin, collapse sends shockwaves through industry leading businesses to significantly embrace digital transformation.