Posts Tagged ‘ICC DSI (Digital Standards Initiative)’

The ICC DSI has released their final KTDDE report, finishing their harmonisation of 36 key trade documents.

Read the monthly TFG and ICC DSI column! Hear from leading experts in trade digitalisation and keep up with all the breaking trends.

Today, the ICC DSI released their 2023 Key Trade Documents and Data Elements (KTDDE) report. The report outlines 14 key trade documents, going into depth on the definitions, purpose, and legal frameworks.

Despite the attention brought to the trade finance gap in recent years, it still continues to grow. A recent Asian Development Bank (ADB) report shows that the gap has now widened to $2.5 trillion. 

In its largest single-period increase since its inception, the Asian Development Bank’s (ADB) latest Trade Finance Gaps, Growth, and Jobs Survey indicates that the trade finance gap in 2022 rose to $2.5 trillion, up from $1.7 in 2020 and $1.5 trillion in 2018.

To learn more about the latest updates on MLETR adoption in the G7 countries and emerging markets, Trade Finance Global spoke with Luca Castellani, legal officer at the Secretariat of the United Nations Commission on International Trade Law (UNCITRAL) 

At the ICC United Kingdom and C4DTI, Trade Finance Global’s (TFG) Deepesh Patel spoke with Nick Davies, Director of the ICC’s United Kingdom C4DTI, to learn more about their role in accelerating the adoption of digital trade.

At the ICC United Kingdom’s annual conference in partnership with the Center for Digital Trade and Innovation, Trade Finance Global’s (TFG) Deepesh Patel spoke with Miriam Goldby, Professor of Shipping, Insurance, and Commercial Law at Queen Mary, University of London, to learn more about the adoption of the electronic trade documents bill in the UK, breaking new ground in the transition to paperless trade.

In this episode of Trade Finance Talks, Deepesh Patel, editor at TFG was joined by Chris Southworth, co-chair of Legal Reform Advisory Board at ICC Digital Standards Initiative, and Nick Davies, director of the Centre for Digital Trade and Innovation.

The geographically dispersed nature of international trade creates inherent difficulties when it comes to trusting a counterparty that may be located on the opposite end of the world.

The Asian Development Bank (ADB), through its Trade and Supply Chain Finance Program (TSCFP), has initiated a series of discussions with government agencies in several of its developing member countries… read more →

To catch up on the latest around trade finance digitisation, Trade Finance Global (TFG) spoke with Michael Vrontamitis, lead industry principal for Finastra’s lending business unit.

If you mention the International Chamber of Commerce (ICC) to any practitioner––from a bank or a corporate––involved in trade finance most, if not all, would associate the organisation with issuance of rules.

Lloyds bank announced that they reached a key milestone in digitising trade by completing the UK’s first digital promissory note purchase.  The transaction was completed using Enigio’s trace:original technology, in… read more →

The last decade has seen a substantial change in global trade bank attitudes towards innovation and collaboration.