On Friday, 23 September 2022, FCI, in partnership with the European Bank for Reconstruction and Development (EBRD), held the latest conference on the resilience and development of factoring in Central… read more →
Trade Finance Global (TFG) are proud to once again partner with International Trade and Forfaiting Association (ITFA) at their 48th annual conference in Porto. In preparation for the conference, TFG caught up with ITFA’s Chairman, Sean Edwards, to discuss some of the key themes.
Global law firm Sullivan has advised two prominent trade finance associations on key amendments to master participation agreements (MPAs). The new changes to the MPAs reflect the cessation of the… read more →
In this article, the Bank of England’s Alastair Hughes talks about LIBOR cessation and risk-free rate alternatives
Almost two weeks have passed since the retirement of the world’s most important number: the London Interbank Offered Rate (LIBOR).
It has, once again, been a tumultuous year for global trade and finance. Here we reflect on our most popular topics, hottest headlines, and key themes of 2021.
UK-based fintech Finastra has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates, and borrowers to calculate ARR… read more →
BAFT is the leading financial services association for international transaction banking. In his new role, Stevenson will lead BAFT’s trade-focused policy, practices, and education initiatives, and support its trade-related councils and committees.
US investment bank BNY Mellon has become the first bank to complete a trade finance deal using the CME’s new Secured Overnight Financing Rate (SOFR). In a trade finance loan… read more →
The cessation of the London Interbank Offered Rate, or LIBOR, will be one of the most important events affecting trade finance this year.
The UK Financial Conduct Authority (FCA) plans to transition from the London Interbank Offered Rates (LIBOR) to Risk-Free Rates (RFRs) by the end of 2021, to restore trust and integrity in the market. This shift comes after several banks manipulated their interest rates for profit, disturbing trust in the global economy.
We have just completed the marathon that is virtual Sibos – a festival of trade, treasury, and payments. So what better way to celebrate than to be joined by the CEO of the Banks Association for Financing Trade (BAFT), Tod Burwell.