Trade Finance Global (TFG)’s Post

Learning is a never ending journey...! And when coupled with actual practice, results are even greater! Happy to share that I finished the Finance of International Trade Professional Course by eBSI Export Academy which comprises 10 modules: - Methods of #payments - Documentary #collections - #DocumentaryCredits Fundamentals - Advanced Management of Documentary Credits - #Bonds and #Guarantees - Short and Medium Term Finance - #Factoring - #ExportCreditAgency Finance - #Structured and Commodity #TradeFinance - Trade Finance #fraud identification and prevention Any idea of what might or should come next?

“Trade Finance Operations” course will be available. 👏👏👏 You are invited to participate in the training, gain an advanced understanding and knowledge of trade finance, and learn from international best practices. 📚 💡 📊 💎 #BFA #Where_growth_happens

What an inspiring experience at the ICC Trade Finance Week in Vienna! Engaging with experts and peers in the trade finance sector has been truly enriching. Looking forward to applying these learnings and fostering new collaborations. #ICC #TradeFinance #iccATtfw #DigitalTransformation

ITFA is today launching an important update to its DNI Initiative Handbook, the second edition of which was published in 2021. The Addendum deals with some of the consequences arising from the passage of the United Kingdom Electronic Trade Documents Act 2023. This law is a major step forward in enabling the creation of electronic trade documentation, including bills of lading, bills and exchange and promissory notes, governed by English law. The Addendum gives practical help on how to adapt traditional forms of bills of exchange and promissory notes to handle the requirements of the Act.   We have also updated our #dDOC standards for systems/vendors digital negotiable instruments who will now be required, in order to meet the standards, to show, amongst other things, an ability to prove reliability of the relevant system in a legally satisfactory manner and to present and transfer the instruments.   We are pleased to note that the #dDOC standards have been accepted by the World Trade Organization and by #ICCDSI in its latest report on “Key Trade Documents and Data Elements” available here as the key global standard for bills of exchange and promissory notes. More here: https://lnkd.in/ensH28qE Sean Edwards | Geoffrey Wynne | André Casterman ITFA | Sullivan & Worcester LLP | Casterman Advisory

Just completed the Finance Trading Programme (FTP) certification course offered by Queen Mary University and TTC institute. Covered topics included financial markets, asset pricing, trading, risk & money management, market analytics, portfolio management, and fintech. This achievement required mastering ten modules and passing ten tests. I'm looking forward to applying this knowledge in the field. #FTP #finance #trading #fintech #achievement #qmul

🌐 The International Chamber of Commerce (ICC) has unveiled #eUCP Version 2.1, an alignment of the Uniform Customs and Practice for Documentary Credits for Electronic Presentation (eUCP) with the UNCITRAL Model Law on Electronic Transferable Records (MLETR). ↗️ This alignment, not a revision, emphasises the growing significance of electronic transferable records in global trade. 🤔 What does this actually mean and what are the key changes between eUCP v1 and v2.1? 🗣️ André Casterman, Head of ITFA’s Fintech Committee told TFG: “This new version of eUCP enriches the set of options for the market to digitise trade flows. It is very welcome by #technology vendors and alternative lenders, and demonstrates that traditional trade instruments have a bright future in front of them. Long live the Letter of Credit.” 📖 Read the latest issue of #TRADEFINANCETALKS where Trade Finance Global (TFG) Editorial Director Deepesh Patel further explains eUCP rules and its MLETR compatibility ➡️ https://lnkd.in/egt2ucbv #digitaltrade #globaltrade #mletr #swift #letterofcredit | UNCITRAL: United Nations Commission on International Trade Law

🌐 There is so much talk of trade digitalisation at Sibos. But as an industry, we need to take a step back and think about how we all will get on the same page. 🎙️ Luckily, we have some incredible minds working on this exact topic! TFG sat down with Pamela Mar, Managing Director of International Chamber of Commerce Digital Standards Initiative (DSI) to talk about what the ICC DSI is doing to help standardise digital trade and what that means for the future of trade finance. #Sibos #DigitalTrade #tradefinancetalks #TFGvoxpop #interview

📈 Trade finance default rates rise slightly, 2023 ICC Trade Finance Register ➡ The ICC’s Trade Finance Register has been released, reporting a small increase in default rates across documentary trade and open account products, whilst highlighting still, the low-risk nature of the asset class. ✍ The International Chamber of Commerce (ICC) register, a collaborative project with Boston Consulting Group (BCG) and Global Credit Data(GCD), stands as a benchmark for trade finance risk assessment, drawing on the expertise of leading global financial institutions. 📑 In the #TRADEFINANCETALKS magazine issue 19, our very own Deepesh Patel and Brian Canup talk about the trade finance increase rates. 📖 Read the article, and the latest magazine by following the link to the comments section 👇 #magazine #tradefinance

Navigating trade risks is crucial for success in today's global economy. That’s why we’ve introduced a brand-new level 4 qualification – the Certificate in International Trade Risk (CITR). Designed to help you build expertise to tackle industry complexities. Want to check your readiness to study CITR? Put your trade finance knowledge to the test with our free diagnostic assessment. ✅ Evaluate your current knowledge ✅ Complete online in just 30 minutes ✅ Results are shared immediately ✅ Receive personalised guidance on the most suitable learning pathway for you. Learn more https://bit.ly/3yBLUz3 #StudyLIBF

🎥 NEW VIDEO | How MRPAs are paving the way for collaboration in Trade Finance ➡ The #tradefinance industry offers a diverse range of instruments, structures, and mechanisms, all aimed at transforming trade opportunities into tangible realities. One such mechanism employed by financial institutions is the utilisation of Master Risk Participation Agreements (MRPAs). 📜 These agreements enable active risk participation, allowing financial institutions to effectively manage and distribute risks, safeguarding the interests of all parties involved while promoting a resilient international trade ecosystem. 🗣 In this episode of Trade Finance Talks, Mark Abrams, Managing Director, Global Head of Trade & Receivables Finance at Trade Finance Global, spoke with Geoffrey Wynne, Partner and head of Sullivan & Worcester LLP’s Trade & Export Finance Group, to explore the evolution, significance, and future prospects of MRPAs. ITFA BAFT (Bankers Association for Finance and Trade) 📺 Watch the full video here ⬇ https://lnkd.in/gfEBRQ8d #MRPA #risk #internationaltrade #standardisation