SCF is not a static concept but is an evolving set of practices using or combining a variety of techniques; some of these are mature and others are new or ‘leading edge’ techniques or variants of established techniques, and may also include the use of traditional trade finance. The techniques are often used in combination with each other and with other financial and physical supply chain services.
Who we are
Joint product of the industry sponsoring associations
Meet the Partners
Joint product of the industry sponsoring associations
Meet the Partners
SCF is not a static concept but is an evolving set of practices using or combining a variety of techniques; some of these are mature and others are new or ‘leading edge’ techniques or variants of established techniques, and may also include the use of traditional trade finance.
BAFT
BAFT is the leading international transaction banking association, providing advocacy, thought leadership, education and training, and a global forum for its members in the areas of trade finance, payments, compliance, and regulations. Formed by the merger of the Bankers Association for Finance and Trade (BAFT) and the International Financial Services Association (IFSA), BAFT has played
EBA
The European Banking Authority (EBA) is an independent EU Authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, efficiency and orderly functioning of the banking sector.
ITFA
The International Trade and Forfaiting Association, ITFA, previously known as IFA, is the worldwide trade association for companies, financial institutions and intermediaries engaged in trade and forfaiting.
FCI
FCI was set up in 1968 as an umbrella organisation for independent factoring companies around the world. Today we have grown into the world’s representative factoring network and association with more than 400 members in 90 countries.
ICC
ICC is the world business organization, helping businesses of all sizes and in all countries to operate both internationally and responsibly.
Executive Summary
The Global Supply Chain Finance Forum represents a number of industry associations with members around the world
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Supply Chain Finance
is defined as the use of financing and risk mitigation practices and techniques to optimise the management of the working capital and liquidity invested in supply chain processes and transactions.
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Portfolio
SCF is a portfolio of financing and risk mitigation techniques and practices that
support the trade and financial flows along end-to-end business supply and distribution chains, domestically as well as internationally.
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Open account
SCF is usually, but not exclusively, applied to open account trade. Open
account trade refers to trade transactions between a seller and a buyer where transactions are not supported by any banking or documentary trade instrument issued on behalf of the buyer or seller.
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Parties
Parties to SCF transactions consist of buyers and sellers, which are trading and
collaborating with each other along the supply chain.
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Event driven
Finance providers offer their services in the context of the financial
requirements triggered by purchase orders, invoices, receivables, other claims, and related pre-shipment and post-shipment processes along the supply chain.
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Evolving and flexible
SCF is not a static concept but is an evolving set of practices using or combining a variety of techniques; some of these are mature and others are new or ‘leading edge’ techniques or variants of established techniques, and may also include the use of traditional trade finance.