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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.

Cross-industry initiative aims to clarify supply chain finance

source: GT News A newly-launched set of definitions aims to address the global need for a common understanding of terminology, nomenclature and techniques related to supply chain finance (SCF). Unveiled during a dedicated panel discussion at an ICC Academy hosted Supply Chain Finance Summit in Singapore, the ‘Standard Definitions for Techniques of Supply Chain Finance’ […]