ITFA NERC SPRING EVENT, 22 MAY 2019 by Bakhtiyor Naimov, ITFA NERC Committee Member and Unit Manager Forfaiting & Loan Trading, Credit Europe Bank N.V.

On Wednesday 22 May 2019 ITFA NERC in association with its long standing partner Credit Europe Bank N.V. held its annual spring event in Amsterdam.  This was the ninth annual spring event and attracted the highest ever number of participants.  In line with market dynamics, various digital know-how’s were utilised including interactive app based Q&A using and filming of the seminar for on demand viewing later on.

The event traditionally opened with a seminar that brought together well known experts on the topics concerning emerging markets and trade finance.  Timothy Ash – a senior analyst at Bluebay Asset Management discussed whether Turkey was still investable.  Timothy has covered Turkey for more than 20 years, and first visited as a student in 1987.  He writes extensively on emerging markets, and Turkey in particular, including regular opinion pieces in the FT, et al.  The question remained open and both positives and negatives were presented for the audience to make their own conclusions on Turkey.

Theo Korver of ING Bank N.V., took the stage next to elaborate on how Basel IV reforms would impact trade finance.  Sean Edwards, SMBC  and Geoffrey Wynne, Sullivan & Worcester gave an update on IFRS 9 and how ITFA is proactive on this topic having published a booklet to help its members understand the changes.  Grant Eldred of Thomas Cooper presented on the outcome of the PRA consultation process.  This was followed by a lively panel discussion about trade receivables and supplier finance, moderated by Karl Page of Barclays who also chairs the ITFA NERC.  Joining the panel were Johanna Wissing, Lloyds Bank and Andre Casterman, Casterman Advisory.  Finally, Natasa Ruiter of ING gave an update on ITFA Young Professionals activities and initiatives.

The reception part of the event took place at the Hotel Arena in a chapel.  The hotel is situated in a monumental building, which was built in 1888. Throughout the years, the building has been transformed from a Catholic orphanage to a hotel.  The monumental ornaments, such as the original cast iron and marble staircase and the restored Chapel, have been kept in its original state. They still tell the stories about the impressive history of the building.

All the presentations and photos from the event can be viewed in the members’ area of ITFA website.