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ICC releases cross-industry SCF standards

source: Global Trade Review (GTR) The International Chamber of Commerce (ICC) has released a list of standard definitions for techniques of supply chain finance (SCF), developed jointly with Baft, the Euro Banking Association (EBA), Factors Chain International (FCA) and the International Trade and Forfaiting Association (ITFA). The initiative is a step towards the much-needed standardisation […]

Clarifying Supply Chain Finance

source: Cash and Trade Supply chain finance has been a growth area in recent years, yet there has been a growing feeling within the industry that its practitioners have – at times – been speaking in tongues. The new Standard Definitions for Techniques of Supply Chain Finance will hopefully go some way to address this […]

Elucidating supply chain finance

source: Financier Worldwide The use of supply chain finance (SCF) in both domestic and cross-border trade has grown exponentially over the past few years, helping to optimise the management of the working capital and liquidity invested in supply chain processes and transactions.

Will firms adopt ICC’s new supply chain finance definitions?

source: Trade and Export Finance (TXF) The ICC has released a set of definitions for supply chain finance (SCF) and its techniques. The challenge now, says the ICC, is to convince supply chain financiers, many of whom have been operating their own set of SCF definitions for years, to accept these new official definitions.

Supply Chain Finance Summit unveils new terminology

source: Trade Finance Trade Finance magazine reports on the 4th Annual Supply Chain Finance Summit, held in Singapore on 9-10 March. It highlighted growth in the supply chain finance market, especially in Asia, and saw the unveiling of a new set of standard definitions for the industry to bring clarity and consistency, and facilitate its […]