NEW ITFA MEMBERS



ITFA is pleased to welcome another four new members to its growing family:

United Bank for Africa (UK) Limited ”UBAUK” is a wholesale bank regulated by the PRA and FCA to provide full banking operations in the UK.

UBA UK is the go to bank for transactions to and from Africa with specific focus on:

  • African banks and FI’s via correspondent banking offerings
  • African corporates looking to expand into Europe to access new customers and capital markets
  • European corporates operating in Africa or seeking partners for greater coverage
  • Beneficiaries, exporters and commodity trading companies transacting into UBA’s target African countries

UBA UK offers  the following products and services:

– Trade Finance: Risk Participations; advising, confirming, issuing and financing L/Cs and standby L/Cs linking importers and exporters to Africa, Europe and Middle Eastern Markets

– Correspondent Banking: Treasury: Institutional Relationship Management; Cash Management; Bilateral and Structured Funding Solutions; Risk Distribution

– Treasury: African currency and G10 FX; Money Market Services in US$, € and £; Emerging Markets Eurobound Execution, Distribution and Sourcing

James Collins will be the main contact person for all ITFA related matters.

The principal business activities of China International Factoring (Singapore) Pte Ltd covers the origination of primary trade finance assets issued under documentary credit from banks across major financial markets and sell down to banks and NBFI’s under the forfaiting and/or secondary trade risk distribution channels.

To begin with they had successfully established their business channel across major cities in China, Hong Kong, Malaysia and Singapore. They have also put in place their plan for expansion and the road map shall cover major financial centres in Asia (especially ASEAN), Middle East, London, Zurich and Germany.

Raymond Yeo will be the main contact person for all ITFA related matters.

Established in 1983, China Systems is a global leading trade services solutions vendor. They are fully focused on providing an integrated front and back office platform catering for internal, external, or cloud based deployment. Eximbills, their proven flagship product, provides support for traditional trade, open account, SCF and payments. Customer enterprise, their front-end solution, allows parties to access services through web browser and mobile technology. Their open API framework enables them to provide a proactive service model to consume data assets and services offered by other trade ecosystem partners.

Alliances with key organisations includes IBM, Microsoft, Oracle, Accuity and Swift, which have awarded them certified application labels for trade finance, payments, SCF, corporates (trade and SCF) and GPI. China Systems has offices throughout Europe, USA, Asia, and the Middle East with a growing loyal customer base in more than 150 banks and 75 countries worldwide.

Joel Schrevens will be the main contact person for all ITFA related matters.

Channel Capital Advisors LLP (“Channel”) is a UK-based asset manager formed in 2006, authorised and regulated by the FCA as a full scope UK AIFM.

From our offices in London and Amsterdam, we provide our corporate clients with working capital financing solutions, connecting them to institutional investors worldwide.

We are the Investment Manager of a trade finance lending fund, which finances global trade throughout the supply chain: receivables, payables and inventory.

Paul Wilson will be the main contact person for all ITFA related matters.