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2nd Africa Bank-to-Bank Forum: Sustaining Trade Finance Through Challenging Times |
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What is the objective of the forum?
The objective of the forum is to bring together senior African bankers to inform th... |
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details |
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Nairobi,
Kenya |
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Ex-Im Bank Responds to the Financial Crisi
So Good, It's a Waste of Time
Preparing for the Inception of International ACH Transactions
Is the Single Euro Payments Area Still on Track?
Financing the Supply Chain in Good Times and Bad
Managing Trade Risk in the Financial Crisis
Supply Chain Finance Comes of Age
Commerce's Best Kept Secret Exposed
BAFT Trade Finance Issues
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Latin American Foreign Trade Congress
June 3-5, 2009
For more information, click here.
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2009 FELABAN Annual Assembly
November 15-17, 2009
For More infromation, click here
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We are working on redesigning our website. Please be patient with us as we work to improve the site. Should you encounter a problem with the website, please let us know. Contact Emily Montfort at 202-663-5534 or emontfor@aba.com Thank you.
For on-line registration for BAFT's 2nd Africa Bank-to-Bank Forum, click here
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June 12, 2009 |
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BAFT TO HOLD AFRICA BANK-TO-BANK FORUM |
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The Bankers' Association for Finance and Trade announced that their second annual Africa Bank-to-Bank Forum is set for June 30- July 1 in Nairobi, Kenya.
The forum brings together senior African bankers to discuss some of the more significant developments in the region as well as to share best practices. This year's forum will focus on growing liquidity concerns, trade contraction, restraints on credit and the probability of increased regulatory oversight.
To access the BAFT press release, click here. | |
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May 20, 2009 |
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BAFT ISSUES JOINT STATEMENT ON UPCOMING SWIFT FORMAT CHANGE |
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The Bankers' Association for Finance and Trade (BAFT), The Clearing House, The European Banking Federation, The International Banking Federation, The International Chamber of Commerce, The International Council of Securities Associations, The International Financial Services Association, SWIFT and The Wolfsberg Group are issuing this joint statement and associated presentation in order to raise awareness regarding the new SWIFT Message Format for Cover Payments, which will go live on November 21st, 2009. This joint communication was developed as BAFT and the other organizations involved have been active in the area of cover payments for some time now and are therefore seeking, collectively, to apprise others in the industry, and beyond, of the forthcoming changes to the payments system and its implications, which may be substantial.
To access the Joint Industry Letter, click here.
To access the Joint Industry Slides, click here. . | |
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May 11, 2009 |
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BAFT ANNOUNCES "NEXT STEPS" ON TRADE FINANCE CRISIS |
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The Bankers' Association for Finance and Trade announced "next steps" today for the industry in collaboration with other stakeholders in the trade finance crisis. The announcement came at this year's BAFT Asia Conference on Cash, Treasury and Trade in Beijing. The conference, jointly managed by BAFT and the Asian Banker, provides a timely venue for top regional and global banking authorities to discuss the transaction banking business of trade finance, cash management, and treasury services.
To access the BAFT press release, click here. | |
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April 30, 2009 |
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TOP TRADE FINANCE OFFICIALS ADDRESS BAFT SUMMIT |
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The Bankers' Association for Finance and Trade (BAFT) held a summit on April 29, 2009 in Dana Point, California to discuss the effects of the credit crunch on trade finance. Stakeholders from around the globe met for a series of frank discussions about the G-20 announcements on trade finance, liquidity issues, capital requirement issues, and the appetite and capacity for credit risk.
To access the BAFT press release, click here. | |
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April 29, 2009 |
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HOWARD BASCOM NAMED CHAIRMAN OF BAFT |
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The Bankers' Association for Finance and Trade (BAFT) elected Howard Bascom to lead the organization for the 2009-2010 year at the association?s 87th annual meeting in Dana Point, California. Other officers and the members of the BAFT Board of Directors were also elected.
To access the BAFT press release, click here. | |
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April 1, 2009 |
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BAFT SOLUTIONS ON TRADE FINANCE CRISIS SENT TO
G-20 FINANCE MINISTERS |
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Donna K. Alexander, president of the Bankers' Association for Finance and Trade, sent a letter to each of the G-20 finance ministers expressing the organization's concern over the lack of a globally coordinated response to address the systemic dislocation in trade finance.
To access the BAFT press release, click here.
To access a sample letter, click here.
To access the recommendations, click here. . | |
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March 31, 2009 |
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BAFT RELEASES INTERNATIONAL SURVEY OF BANKS
3 out of 4 say demand has contributed to a decline in trade finance |
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A new survey, conducted by the Bankers? Association for Finance and Trade in cooperation with the International Monetary Fund (IMF) and FImetrix market research, has identified substantial decreases in the value of international trade finance businesses in the 2008 fourth quarter and cites falling demand as the key contributing factor.
To access the BAFT press release, click here.
To access the Survey, click here. . | |
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February 18, 2009 |
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BAFT WELCOMES RE-LAUNCH OF DUE DILIGENCE REPOSITORY |
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The Bankers' Association for Finance and Trade (BAFT), welcomed the re-launch of the Bankers' Almanac Due Diligence Repository last week. The Due Diligence Repository will serve as a global industry standard, providing consistency and conformity in due diligence document checks and reducing the administrative burden that banks face when conducting Know Your Customer (KYC) assessments on their counterparties.
To access the BAFT press release, click here. | |
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January 16, 2009 |
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BAFT PAPER ON CURRENT GLOBAL TRADE ISSUES |
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The Bankers' Association for Finance and Trade (BAFT), in response to member concerns about the lack of a globally coordinated response to address systemic dislocation in trade finance, prepared a paper to be used as a platform for discussion at the BAFT Trade Finance Summit in London on January 20, 2009. Participants at the Summit include representatives from major global trade financial institutions and those from other key stakeholders, including export credit agencies, credit insurers and other government institutions.
To access the BAFT paper, click here. | |
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November 18, 2008 |
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BAFT HOSTS INTERNATIONAL TRADE BRIEFING BY THE US DEPARTMENT OF THE TREASURY |
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The Bankers' Association for Finance and Trade (BAFT) hosted an international conference call for the industry this morning with Clay Lowery, Assistant Secretary for International Affairs at the US Department of the Treasury and Michael W. Wiseman, Head of the Financial Services Group at the law firm of Sullivan and Cromwell. The call provided an opportunity for BAFT members and the financial services industry to receive an up-to-the-minute, in-depth briefing from a senior U.S. Treasury official and leading legal expert on the G-20 Summit held over the weekend and current efforts to address the ongoing global economic crisis.
To access the program summary, click here. . | |
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November 17, 2008 |
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BAFT AND FELABAN FORM COLLABORATIVE ALLIANCE
3 out of 4 say demand has contributed to a decline in trade finance |
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The Bankers' Association for Finance and Trade and the Latin American Banking Federation (FELABAN) today announced that they have formed a collaborative alliance to help achieve their shared vision and goals .
To access the entire press release, click here . . | |
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November 5, 2008 |
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BAFT AND ABA COMMENT LETTER ON OFAC ENFORCEMENT GUIDELINES
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The Bankers' Association for Finance and Trade (BAFT) and the American Bankers Association (ABA) sent a letter to the Office of Foreign Assets Control in response to their invitation to summit comments on the interim final rule, Economic Sanctions Enforcement Guidelines.
To learn more and access the letter, click here. | |
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January 23, 2008 |
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NEWS RELEASE:
BAFT LAUNCHES STANDARDIZED MASTER PARTICIPATION AGREEMENT New Standardized Documentation Creates Greater Opportunity for International Trade Finance Participations |
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The Bankers' Association for Finance and Trade is endorsing a new industry standard document today that will be used by European banks to facilitate the buying and selling of country and bank trade-related risk. The new Industry Master Participation Agreement endorsed by BAFT is designed to simplify the exchange of documentation between banks and reduce legal costs by minimizing redundancies and excessive bi-lateral discussions.
The industry Master Participation Agreement is governed by English law and was drafted by a working group made up of certain members of the EAC. It is anticipated to become the standard framework agreement for member banks of the EAC.
For more information,see the Master Participation Agreement Fact Sheet. Click here.
For a list of participating institutions, click here.
To see the Master Participation Agreement as pdf, click here..
To see the Master Participation Agreement as doc, click here | | | | | | | | |
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BAFT Calendar of Events
October 29, 2008; BAFT Trade Finance Committee Meeting, Chicago IL
October 30-31, 2008; 18th Annual International Trade Conference, Renaissance Chicago Hotel, Chicago IL
November 4-5, 2008: 1st African Advisory Council Forum, JES Securities Exchange, Sandton Johannesburg, South Africa
November 13, 2008: European Advisory Council Meeting, Lisbon, Portugal
November 25, 2008: Asia Advisory Council Meeting, Singapore
January 20, 2009: Trade Finance Forum, London UK
January 20-22, 2009: 4th Annual European Bank-to-Bank Forum - Windsor, United Kingdom
February 17, 2009: Asian Advisory Council Meeting, Bangkok, Thailand
March 12, 2009: BAFT Compliance Committee Meeting, New York NY
March 19, 2009: European Advisory Council Meeting, London, United Kingdom
April 15, 2009: BAFT Trade Finance Committee Meeting, Washington, DC
April 26-29, 2009: 87th Annual Meeting , The Ritz-Carlton, Laguna Niguel Dana Point, CA
April 27, 2009: Trade Finance Summit II - The Ritz-Carlton, Laguna Niguel Dana Point, CA
May 10-13, 2009: BAFT Asian Advisory Council Conference on Cash, Treasury and Trade, China World Hotel, Beijing, China in conjunction with the Asian Banker Summit 2009.
May 13, 2009: Asia Advisory Council Meeting, Beijing China
June 11, 2009: European Advisory Council Meeting, Stockholm, Sweden
June 30- July 1, 2009: 2nd Africa Bank-to-Bank Forum, Nairobi Serena Hotel, Nairobi, Kenya
July 1, 2009: Africa Advisory Council Meeting, Nairobi, Kenya
September 13, 2009: BAFT Global Strategic Forum , Hong Kong
November 3-5, 2009: 19th Annual International Trade Conference, New York, NY
November 3, 2009: BAFT Board Meeting, 10:00 am - 1:30 pm, New York, NY Trade Finance Committee Meeting, 2:00 pm-5:30 pm, New /York, NY
November 5, 2009: European Council Meeting, Paris, France
January 19-20, 2010: 5th European Bank-to-Bank Forum, Windsor, United Kingdom
March 25, 2010: European Council Meeting, Madrid, Spain
April 18-21, 2010: 88th Annual Meeting , The Ritz-Carlton, Palm Beach FL
June 24, 2010: European Council Meeting, Frankfort, Germany
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For more information about conferences contact: Melissa Ward-Papageorgiou 202-663-5536 or Deborah Smith 202-663-5533.
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BAFT-FELABAN Sign Statement of Cooperation NOV 2008
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Left-to-right--Front Row: newly-elected FELABAN President Ricardo Marino, BAFT Chairman of the Board Chuck Silverman (Wachovia), Fernando Pozo, immediate-past President of FELABAN; Back row: John Rodriguez (Wells Fargo), Julio Rojas (Standard Chartered).
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BAFT Adds its Support for the ContinuedUS-China Strategic Economic Dialogue FEB 2009
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BAFT has added its support to a letter sponsored by the Engage China Coalition calling for a continued and increased economic dialogue with China. The letter, which was sent to President Barack Obama, called on the Administration to continue the U.S.-China Strategic Economic Dialogue (SED) or a similar high-level framework of regular communication with senior Chinese officials, as developed under the Bush Administration.
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To see the Engage China letter to the President, click here.
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