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Digital trade transactions – what next?

Posted by Amanda Montano on Aug 13, 2021 3:49:02 PM

By Amanda Montano, associate, and Stefan Bateson, trainee

At the latest Trade & Export Finance webinar, Geoff Wynne, head of the Trade & Export Finance Group and Sullivan's London office, gave a whistle-stop tour of recent developments in digital options available in trade finance, including the multi-jurisdictional efforts to recognise electronic transferable records.

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Topics: electronic signatures, ITFA, digitisation, URDTT, MLETR, UNICITRAL

ITFA publishes revised guidelines on CRR-compliant insurance policies

Posted by Geoff Wynne on Jun 12, 2019 10:34:30 AM

This week ITFA published its revised guidelines on CRR-compliant insurance policies. The guidelines were first published in 2016 to assist banks with navigating the complex rules for credit risk mitigation that apply to non-payment insurance policies.

Sullivan's London insurance team is very pleased to have worked with ITFA to update the guidelines to reflect recent regulatory developments, including the Prudential Regulation Authority's policy statement on the use of certain types of credit risk mitigation (published in March of this year).

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Topics: ITFA, CRR, Credit risk mitigation

New ITFA Guide to IFRS 9 for the Trade Receivables and Supply Chain Finance Industry

Posted by Simon Cook on Jun 3, 2019 3:44:43 PM

ITFA has published "A guide to accounting and legal issues under IFRS 9 for the trade receivables and supply chain finance industry."

These are ITFA's first set of guidelines on the standards aimed solely at the trade and supply chain finance industry, since the International Accounting Standards Board (IASB) issued IFRS 9, which came into force on January 1, 2018.

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Topics: ITFA, IFRS 9, Supply chain finance

Updated New York Law Master Participation Agreement & Guidelines Published

Posted by Simon Cook on May 29, 2019 5:00:57 PM

International financial services association BAFT (the Bankers Association for Finance & Trade), together with ITFA (the International Trade and Forfaiting Association) have published an updated New York law Master Participation Agreement (NY MPA) and associated guidelines. BAFT, together with ITFA, put together a working group of experts to review the existing form and identify changes based on current market practice.

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Topics: Master Participation Agreement, BAFT, ITFA

Cape Town Calling

Posted by Geoff Wynne on Sep 18, 2018 11:48:45 AM

From Tuesday 4th to Thursday 6th September 2018, ITFA, the International Trade and Forfaiting Association, a worldwide trade association for companies, financial institutions insurers and intermediaries engaged in trade and forfaiting, hosted its 45th Annual International Trade and Forfaiting Conference in Cape Town.

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Topics: Trade Finance, BAFT, ITFA

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About the Blog


Talking Trade Finance is here to provide you with all of the latest updates in the Trade & Export Finance Industry.

The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.

Meet the Editor


Portrait of Geoffrey Wynne

Geoffrey Wynne is head of Sullivan’s Trade & Export Finance Group and the firm's London office.

He has extensive experience in banking and finance, specifically in corporate and international finance, trade, structured trade and commodity finance, electronic banking and digitizing trade finance, structured finance, asset and project finance, syndicated lending, equipment leasing, workouts and financing restructuring and general commercial matters.

Recognised as one of the leading trade finance lawyers globally, Geoff advises many of the major trade finance banks and financial institutions around the world on trade and commodity transactions in virtually every emerging market including in the CIS, Asia, India, Africa and Latin America. He has worked on many structured trade transactions covering such diverse commodities as oil, nickel, steel, tobacco, cocoa and coffee.

 

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