US EditionITFA launches Swift short-term trade loan template
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ITFA launches Swift short-term trade loan template
The International Trade and Forfaiting Association (ITFA) has released a template to help banks document short-term trade loans issued via Swift MT799 messages. Short-term trade loans are commonly used by borrowing banks with clients in emerging markets to obtain financing in foreign currency. However, in the absence of standardised industry documentation, banks have typically relied on their own bespoke formats, leading to variation in practice…
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