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Making trade finance an asset

Fourteen leading global financial institutions:

  • ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation

are backing the Trade Finance Distribution Initiative to drive to use technology and standardisation for the wider distribution of trade finance assets.

Trade Finance Distribution Initiative

TFD Initiative is powered by Tradeteq, the global trade finance distribution platform. Tradeteq’s technology allows banks and institutional investors to efficiently connect, interact, and transact.

Trade finance is private financing that helps businesses cover mismatches between payment obligations and payment receipts resulting from the buying and selling of goods and services. It will be a vital piece of the financial sector that supports importers and exporters as they conduct their trade activities.

Surath Sengupta, Global Head of Trade Portfolio Management at HSBC said: “As the world’s number one trade finance bank[1], HSBC is at the forefront of the industry in harnessing the power of new technologies to make trade faster, safer and more competitive.  While trade finance is currently an attractive asset class for banks, we believe technology will unlock investment from non-bank investors by removing complexity and making the underlying asset data both more structured and accessible.”

The International Chamber of Commerce (ICC) United Kingdom and the International Trade and Forfaiting Association (ITFA), the leading international association for banks and financial institutions involved in cross-border trade and forfeiting, have each joined TFD Initiative as an observer.

TFD Initiative will initially focus on creating common data standards and definitions to enhance operational efficiency and improve risk management, creating a blueprint for global trade finance asset distribution.

Source & Copyright©2019 - Tradeteq

Tradeteq platform

Tradeteq is the intelligent trade finance distribution platform providing powerful tools and services that enable investors to understand, access, and execute trade finance investment. Tradeteq opens trade finance to the global capital markets, empowering banks to distribute trade finance assets, similar to other asset classes. Banks and institutional investors can join Tradeteq’s platform to efficiently connect, interact, and transact.

Source & Copyright©2019 - Tradeteq

The Tradeteq platform aims to become the global hub for trade finance distribution enabling originating banks and funders to efficiently connect, interact, and transact. 

CTMfile take: Maybe trade finance really will become an asset class....

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