GTR reports that ITFA has launched a new master risk participation agreement (MRPA) for unfunded participations in a variety of trade finance transactions where documents like guarantees or surety bonds are used by participants. The document is aimed primarily at the co-operation between banks and insurance companies. According to Silja Calac, ITFA board member and head […]

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 […]

The removal of the fraud clause from BAFT’s revised and updated English law Master Participation Agreement (MPA) is proving a sticking point for some industry practitioners, who feel that it is important for the document to state that the seller takes full risk. The new MPA, released last year, has no separate provision dealing with […]

The Bankers Association for Finance and Trade (Baft) has revised and updated its English law master participation agreement (MPA) to drive further standardisation in trade transactions and meet the “modern-day requirements” of the industry. The new MPA, or master risk participation agreement (MRPA) as it deals with risk, comes a decade after the release of […]

The African Development Bank (AfDB) estimates an unmet demand for bank-intermediated trade finance in Africa of between US$110bn and US$120bn. GTR gathered a group of the continent’s trade leaders to talk about the consequences, the role of regulation and the innovation that Africa needs to address the issue. Roundtable participants •Michael Dean, managing director, head […]