The worldwide trade association for commercial companies, financial institutions and intermediaries engaged in forfaiting. Founded in August 1999 and with more than 140 members the IFA aims to foster business relationships and enable best practice among those engaged in the ever-expanding, global forfaiting community. It works closely with banking regulators on improving banking regulation for forfaiters and holds various training courses and conferences around the world. The IFA contributes articles on forfaiting to TFR which can be seen in the Receivables Financing section of www.tfreview.com
The Commission on Banking Technique and Practice within the International Chamber of Commerce acts to prepare new uniform rules, to update existing uniform rules for documentary credits, collections and bank-to-bank reimbursements and to adapt international banking practices to automatic data processing techniques. It works in conjunction with the International Commercial Practice Commission and with other international bodies on demand guarantees. Chaired by KahChai Tan of Barclays, it has been particularly active putting the trade finance perspective of the Basel III regulations to the Bank of International Settlements.
the premier global financial services association formed by the merger of the Bankers’ Association for Finance and Trade (BAFT) and the International Financial Services Association (IFSA). It provides advocacy, education and community-building opportunities for financial services institutions and suppliers around the globe. BAFT-IFSA is an important forum for analysis, discussion and action among international financial professionals and industry suppliers on a wide range of topics affecting transaction banking, including trade finance, payments, compliance, and asset servicing. Members also have access to important documentation such as the BAFT-IFSA master risk participation agreement.
Committee on Banking Supervision is a forum for for regular cooperation on banking supervisory matters. Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. Details of the various stages of the impending Basel III banking regulations can be found on this site. TFR reports regularly on Basel III implementation.
The World Economic Forum provides useful briefing information on the world economy and, in particular, on global risks in its annual Global Risks Report published in December of each year by WEF’s Risk
provider of secure financial messaging services, provides banks with modern trade and supply chain services that enable their corporate customers to reduce risk, enhance process efficiency and improve liquidity management. These include traditional instruments such as documentary credits, collections, guarantees and standby letters of credit, as well as Trade Services Utility (TSU) and Bank Payment Obligation (BPO). SWIFT is a regular contributor to TFR and holds is annual convention in the autumn of each year in different major
An organisation of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It is particularly useful for its country reports and trade statistics.