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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 […]

Five things you need to know about our new Supply Chain Finance terminology

source: ICC The new Standard Definitions for Techniques of Supply Chain Finance provide a master definition for Supply Chain Finance and its different techniques. Keen to learn more about Supply Chain Finance and our new terminology for this rapidly growing market? Here are six on-the-go answers to your frequently asked questions.



STANDARD DEFINITIONS FOR TECHNIQUES OF SUPPLY CHAIN FINANCE
Joint product of the industry sponsoring associations
BAFT, EBA, FCI, ICC and ITFA

Upcoming Event

29th Annual Conference on International Trade

Start date: October 23, 2019

End date: October 25, 2019

Location: Chicago

Event website

The 29th Annual Conference on International Trade hosted by BAFT, specifically designed for international trade practitioners, is focused on the key issues that enhance the growth and impact of trade finance on the economy. The event will gather 250 leading trade, trade finance and supply chain professionals.

BAFT has gathered global trade heads from different regions to share how they are dealing with new regulatory and compliance requirements, finding new pockets of growth and investing in new products in the open account/working capital space. The conference will also feature sessions on navigating in the new digital trade world, evolving corporate trade needs and their associated challenges, the geopolitics of international trade, the impact of sustainability/green initiatives on the trade finance and much more.  Additionally, the conference will feature:

  • A ‘Speaker’s Corner’ to allow attendees to ask panelists questions in a one-on-one setting
  • An ‘Innovation Showcase’ highlighting trade solutions from leading trade consortia and providers
  • Dedicate slots for bilateral meetings to meet with clients and prospects
  • Multiple networking sessions including breakfast, lunch, and several cocktail receptions
  • The opportunity to earn Continuing Professional Development (CPD) credits
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