International Trade & Forfaiting Association

Switzerland

Description

Founded in 1999, ITFA is an association made up of circa 400 member institutions, located in over 60 different countries. ITFA brings together banks and financial institutions who are engaged in originating and distributing trade related risk and finding creative ways to mitigate risks. Expanding from its original focus on the purchase and discounting of simple but robust payment instruments, such as negotiable instruments and letters of credit, the forfaiting industry has embraced new instruments and created new structures to become a prominent part of supply chain finance. ITFA acts as a valuable forum for its members to interact and transact business together profitably and safely.

ITFA welcomes new members. Full details of the benefits of membership can be found on the benefits of membership page. This includes those of associate membership for organisations that do not carry out forfaiting, but wish to retain a strong link to the trade and forfaiting community.