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ICC releases "Standard Definitions for Techniques of Supply Chain Finance".

09/03/2016

The Standard Definitions for Techniques of Supply Chain Finance are the result of a collaborative, inclusive and consensus-based joint initiative of the International Chamber of Commerce (ICC) Banking Commission as project facilitator, BAFT, the Euro Banking Association (EBA), Factors Chain International (FCI) and the International Trade and Forfaiting Association (ITFA). The International Factors Group (IFG), one of the original sponsoring associations, is now integrated with FCI.

The objective of Standard Definitions for Techniques of Supply Chain Finance is to standardise and harmonise the existing Supply Chain Finance market terminology to make it operational and usable in daily practice by banks and non-banks when processing, financing and mitigating risk in trade transactions.

A copy of the document can be found in the following link Standard Definitions for Techniques of Supply Chain Finance.pdf


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