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Finextra: Fourteen banks back trade finance standardisation initiative
Published on:
April 1, 2019
ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative).
The TFD Initiative intends to use the Tradeteq distribution platform to initially focus on creating common data standards and definitions to improve operational efficiency and risk management.
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