CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman / Head of Legal and Special Adviser to the Global Trade Finance Department at SMBC

Wednesday, 10 July

Dear Members and Friends, June was an eventful month after a torrid May. Emerging markets were closely monitoring the end of month G-20 meeting that resulted in a restart in trade consultations between the U.S and China as well as an agreement of not imposing new tariffs. In addition to that, the US Federal Reserve released minutes […]

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MACHINE LEARNING IN TRADE FINANCE: WHO’S DOING WHAT? by Shannon Manders, ITFA Consultant

Friday, 5 July

The ITFA Fintech Event in June, kindly hosted by Deutsche Bank in London, uncovered different ways in which data management and machine learning technologies are being applied to trade finance origination and distribution. The event profiled the transformational work being undertaken by the likes of Taulia (corporate working capital), Traydstream (trade finance documentation), Coriolis (trade […]

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ITFA HOLDS ITS FIRST TRADE FINANCE DISTRIBUTION FORUM IN THE MIDDLE EAST by Hoor Yar – ITFA Middle East Regional Committee Member

Monday, 8 July

ITFA Middle East Regional Committee, currently chaired by Semih Ozkan, Director, Corporate Trade Finance, Deutsche Bank, organized the first trade finance distribution forum in the region. With the “originate to distribute” theme, the forum, attended by over 60 participants, broadly assessed trade distribution as a form of risk mitigation while provided an overview of regulatory […]

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LLOYD’S HEADLINE POLITICAL RISK CLAIM FIGURES Q417

Monday, 8 July

The ITFA Muse reported on the Lloyd’s market published headline claims statistics as at June 2015. See ‘Focus on Insurance: Top Tips for Managing a Successful Claim by Katie Fowler and Carol Searle of Texel Finance Limited’ appearing in the ITFA Muse issue of May 2016. Xchanging Claims Services maintain these statistics for the Lloyd’s […]

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ANALYSIS: INVESTIGATING THE NEW GUIDELINES FOR CRR-COMPLIANT NON-PAYMENT INSURANCE POLICIES by Shannon Manders, Editor – GTR

Monday, 1 July

Global Trade Finance Review – GTR – has released an article on how ITFA has reviewed the guidelines for banks using capital requirements regulation (CRR)-compliant non-payment insurance policies. The move follows significant market debate in the past year over the eligibility of insurance as a credit risk mitigant for CRR purposes. The drafting of the […]

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IS ANYTHING MOVING THE DIAL IN TRADETECH? by Aife Howse – Reporter TXF

Tuesday, 9 July

TXF went to ITFA’s Fintech briefing in London in mid-June to investigate what practical progress is being made in the tradetech space and what individual companies present at the event are working on. Transparency and accurate data are key and artificial intelligence (AI), machine learning (ML) and Natural Language Processing (NLP) are all coming into […]

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NEW ITFA MEMBERS

Wednesday, 10 July

ITFA is pleased to welcome three new members to its growing Association: The Africa Merchant Capital group is a privately owned Boutique merchant bank, providing corporate finance, advisory, trade finance and asset finance solutions for mid market businesses active in sub-Saharan Africa. AMC Trade Finance provides bespoke structured trade finance solutions, supporting African trade through  […]

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CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman / Head of Legal and Special Adviser to the Global Trade Finance Department at SMBC

Thursday, 13 June

Dear Members and Friends, This month’s message is being written from Ho Chi Minh City where I am moderating a panel at the annual FCI factoring conference. It’s interesting to reflect, sitting here, how these markets, more emerged than emerging at times, need the finance that we are so well poised, but often fail, to […]

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TRADE BANKS EMBRACE FINTECHS – DISCOVER THE LATEST ADOPTION NEWS IN BUDAPEST by André Casterman, ITFA Fintech Committee, CMO at INTIX and NED at Tradeteq

Wednesday, 12 June

In May 2019, ITFA announced that a total of 18 fintechs had joined the trade association since the set-up of the Fintech Committee by the ITFA Board in early 2018. Substantial progress has indeed been achieved by many financial institutions when it comes to grasping the benefits brought by so-called “fintechs” and integrating advanced technology propositions in […]

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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.

Monday, 10 June

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 […]

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EBRD VENTURES INTO SUPPLY CHAIN FINANCE, CALLS ON NETWORK FOR SUPPORT by Shannon Manders, ITFA Consultant

Tuesday, 11 June

The European Bank for Reconstruction and Development (EBRD) is investigating ways of bringing greater use of supply chain finance (SCF) to its countries of operations. To date, there has been a limited uptake of buyer-led supply chain finance in particular in the countries in which the bank operates, which are spread across Central and Eastern […]

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ITFA’S 2018 CHARITY – UPDATE: SHELTER THEM RWANDA OPENED AN EARLY CHILDHOOD DEVELOPMENT CENTRE IN KIGALI by Duarte Pedreira, ITFA Board Member

Friday, 14 June

The ITFA Board is proud to have supported a charitable organisation dedicated to helping orphans and vulnerable children in Rwanda. Shelter Them (ITFA’s 2018 chosen charity), gives these children a future filled with hope and opportunity. Thanks to this organisation, they receive the basics of life including nutrition, shelter, education, healthcare and social support, giving them […]

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FINTECHS COLLABORATING – CORIOLIS TECHNOLOGIES AND INTIX COMBINE THEIR CAPABILITIES AS “THE FUTURE OF TRADE IS DATA” by André Casterman, ITFA Board Member and Chair ITFA Fintech Committee and CMO at INTIX and Dr. Rebecca Harding, CEO, Coriolis Technologies

Thursday, 6 June

The market challenge: understanding global trade tensions and flows Never has trade been a greater focus of global attention. Its role as a driver of economic growth is increasingly being usurped by its strategic role in furthering national agendas. Until very recently trade was seen as a benign mechanism for promoting global economic growth. Today, […]

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NEW ITFA MEMBERS

Wednesday, 12 June

ITFA would like to welcome R3 and Axis Bank UK Ltd to its growing Association. R3 is an enterprise Blockchain software firm working with a broad ecosystem of more than 300 members and partners across multiple industries from both the private and public sectors to develop on Corda, our open-source blockchain platform, and Corda Enterprise, […]

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CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman / Head of Legal and Special Adviser to the Global Trade Finance Department at SMBC

Monday, 13 May

Dear Members and Friends, Following a lacklustre 2018, Emerging Market economies registered a significant turnaround in the first four months of the year, and during April EMs continued to benefit from a market scenario of contained inflationary pressures on the one hand and a stable US dollar on the other. Trade war tensions not only […]

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TRADE TENSIONS, TECHNOLOGY AND TRANSFORMATION – THE ROLE OF MENA by GTR

Monday, 6 May

GTR and ITFA’s Middle East Regional Committee gathered key players from across Mena’s trade ecosystem to talk about how well the region is faring in a world of trade wars and rapid digital transformation. Participants: Halina Bernard, head of treasury, General Motors Africa and Middle East Maninder Bhandari, director, Derby Group (chair) Rahul Daswani, senior manager, […]

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WHAT ARE THE HOT TOPICS OF TRADE FINANCE AT THE ITFA? by Trade Finance Global (TFG)

Monday, 13 May

Trade Finance Global heard from Sean Edwards, Chairman of the ITFA at the NEARC (North East Asia Regional Committee) Seminar held in Beijing on the 11th April 2019. About the ITFA (International Trade and Forfaiting Association) The ITFA are a member led organization at the heart of the international forfaiting community. With a mission of […]

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FINTECHS COLLABORATING: DATA TECHNOLOGY AND MACHINE LEARNING HELP ORIGINATORS UPGRADE TRADE OPERATIONS AND REDUCE CASH CONVERSION CYCLE by André Casterman, ITFA Board Member, Chair ITFA Fintech Committee; CMO at INTIX and Uzair Bawany, Co-Founder and Head of Sales at Traydstream

Friday, 3 May

Data technology and machine learning go together and two ITFA fintech’s have started an exciting collaboration to combine their niche value propositions to the benefit of trade originators and their exporting clients. Challenges in Trade Operations Documentary trade, traditionally facilitated by letters of credit (LCs) issued by banks, is often expected to be fading away […]

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ITFA CEERC event – Prague, 11 April 2019 by Mag. Semih Özcan MA, DenizBank AG

Monday, 6 May

This year’s traditional ITFA Central and Eastern Europe Regional Education Seminar has taken place at the premises of Ceska  Sporitelna’s  Historical City Centre Branch in Prague on 11th April 2019. The Seminar was very successful with almost 45 participant’s from five different countries with reputable speakers and partners. The agenda covered very interesting topics such as […]

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NEW ITFA MEMBERS

Sunday, 5 May

ITFA is pleased to introduce four new ITFA members: Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise, […]

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