Today a new initiative, the Trade Finance Distribution Initiative (TFD) was unveiled to standardize trade finance assets, aiming to broaden the appeal of the asset class to investors outside of the core banking sector. TFD is a Tradeteq initiative. The UK startup is building a platform to enable institutional investors to invest in the industry.
The banks involved include ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. The International Chamber of Commerce (ICC) (United Kingdom) and the International Trade and Forfaiting Association (ITFA) will be observers.
The announcement says that the group will initially “focus on creating common data standards and definitions to enhance operational efficiency and improve risk management”.
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