BAFT—ABA’s global transaction banking subsidiary—and the Wolfsberg Group and the International Chamber of Commerce today released appendices to their 2017 set of trade finance principles, which address the due diligence required by global and regional financial institutions of all sizes in the financing of international trade.
In an uncertain trade policy environment, agricultural lenders and producers prepare for difficult times on the farm.
As the Trump administration considers strategies for modernizing U.S. trade policy, BAFT — ABA’s global transaction banking subsidiary — wrote to policymakers outlining several priorities to promote free and fair trade and increase economic growth and job creation.
The Engage China coalition of 12 financial trade associations, including ABA and BAFT — ABA’s global transaction banking subsidiary — today called on the Trump administration to continue working to create a level playing field and increase market access for financial services firms seeking to do business in China.
BAFT, ABA’s global transaction banking subsidiary, today announced the election of new officers for the 2017-2018 association year.
BAFT, ABA’s global transaction banking subsidiary, and The Clearing House have published a guidance paper to help banks comply with sanctions requirements for transactions related to the shipment of goods.