DNI Initiative

ITFA Chair commenting on #MLETR and our DNI Initiative following BCR Publishing Madrid event featuring early pioneer Jon Boran of Lloyds Corporate & Institutional .

ITFA members contributing to the adoption of #MLETR laws and technologies will be present at the upcoming GIFT City event organised by the International Financial Services Centres Authority within GIFT City which is located in Gurajat, India. All details below.

Excited to share my first article in the ITFA newsletter! In this piece, I dive into the collaboration between Enigio and TradeGo, showcasing how we’ve technically built, created, and agreed upon a business model that is live and supporting customers in executing live transactions. It's a story of innovation, teamwork, and delivering real-world solutions for the trade finance industry. #ITFA #freefrompaper #Engio

Let's wrap-up 2024 on a high #MLETR note - here is a short video recap of our December ITFA "MLETR Planning Seminar for the US Market" featuring Jon Boran, Lloyds Corporate & Institutional; Hernan Mayol, ITFA Americas (AMRC); Akber Datoo, D2 Legal Technology with introduction by ITFA Board Member André Casterman. The key messages shared by our speakers are outlined here: https://lnkd.in/ez-AziQh Let's continue the excellent team work: Rebecca Fruchtman; Merlin Dowse; Patrik Zekkar; Matthew Box; Michele Sancricca; Billy Sebell; Brendan Herley; Jon Boran; André Casterman; Akber Datoo. #ICCDSI Pamela Mar

A great précis of the DNI Initiative event in NYC last week from André Casterman

"Uniform Commercial Code (UCC) amendments to unlock use of digital asset technology in US trade and supply chain finance" Key messages from our recent MLETR planning seminar for the US market. #1 Interoperable negotiable instruments enable stakeholders and platforms involved in trade transactions to engage at any stage of the transaction lifecycle; once digital, more value can be derived from and added to instruments and documents such as real-time visibility and programmable functions #2 UCC amendments enacted in 25 states, and will be introduced to the New York senate in January 2025 #3 Supply Chain Finance under Bill of Exchange will benefit greatly from UCC amendments #4 ICC DSI's Reliable System Self-Assessment Tool already makes a difference #5 Cross-border trade to be upgraded using 4-corner bills of exchange involving banks and/or non-bank lenders #6 Electronic bills of lading are already interoperable across platforms and chains #7 Following the ETD Act, the UK is also aiming to enact the "UK Property Bill" #8 Next to negotiable instruments, the trade industry has an opportunity to digitise cross-border payments using digital asset technology #ICCDSI ITFA DNI Initiative #MLETR #UCC Mayer Brown Lloyds Corporate & Institutional J.P. Morgan Enigio Secro Casterman Advisory XDC Foundation XDC Network D2 Legal Technology ITFA Americas (AMRC) Bank ABC

"Uniform Commercial Code (UCC) amendments to unlock use of digital asset technology in US trade and supply chain finance" Key messages from our recent MLETR planning seminar for the US market. #1 Interoperable negotiable instruments enable stakeholders and platforms involved in trade transactions to engage at any stage of the transaction lifecycle; once digital, more value can be derived from and added to instruments and documents such as real-time visibility and programmable functions #2 UCC amendments enacted in 25 states, and will be introduced to the New York senate in January 2025 #3 Supply Chain Finance under Bill of Exchange will benefit greatly from UCC amendments #4 ICC DSI's Reliable System Self-Assessment Tool already makes a difference #5 Cross-border trade to be upgraded using 4-corner bills of exchange involving banks and/or non-bank lenders #6 Electronic bills of lading are already interoperable across platforms and chains #7 Following the ETD Act, the UK is also aiming to enact the "UK Property Bill" #8 Next to negotiable instruments, the trade industry has an opportunity to digitise cross-border payments using digital asset technology #ICCDSI ITFA DNI Initiative #MLETR #UCC Mayer Brown Lloyds Corporate & Institutional J.P. Morgan Enigio Secro Casterman Advisory XDC Foundation XDC Network D2 Legal Technology ITFA Americas (AMRC) Bank ABC

We are looking forward to welcome #digital #trade #origination experts on stage and in the audience next Thursday. We will gather at Lloyds Corporate & Institutional offices in New York City for a 4-hour deep dive on the adoption of #MLETR and digital negotiable instruments by the US market. Featuring a great line-up of speakers: Merlin Dowse, Jon Boran, Matthew Box, Patrik Zekkar, Rebecca Fruchtman, Michele Sancricca, Akber Datoo, Billy Sebell, Brendan Herley, Hernan Mayol who will be hosted by ITFA Fintech Chair, André Casterman. Highlights: #MLETR legal adoption and commercial use cases across banking and logistics; evolution of correspondent banking and the 2-bank model using e-bills of exchange; use of digital asset technologies for tracking and payments; the International Chamber of Commerce #ICCDSI digital trade reliability assessment tool; the ITFA guidance on reliable systems, ... delivered to you to leaders in the field: J.P. Morgan, Lloyds Corporate & Institutional, Enigio, Mayer Brown, D2 Legal Technology, Secro, XDC Network, Casterman Advisory and Bank ABC. No need to register anymore - we are over-subscribed - just be there on time to secure your seat. ITFA Americas (AMRC)

Some of our most advanced DNI Initiative members will share their #MLETR testimonials with the trade asset management community next week in London. Lloyds Corporate & Institutional with Jon Boran and Trade Finance Global (TFG) with Mark Abrams. Our vision is for high-yield low-risk trade assets to be originated digitally by SME-focused lenders (any type) and distributed to capital market investors through asset-backed securitisation (ABS). This is why we have combined both initiatives since the launch of both #digital #trade communities in 2019: 💹 DNI Initiative for digital origination of #MLETR instruments. 💲 TFD Initiative for automated distribution to capital markets through asset-backed securitisation. We are getting there! Interested to join? Reach out to André Casterman, Founder, Casterman Advisory and Board Member, ITFA.

Members of ITFA's flagship origination-focused DNI Initiative is delighted to invite you to our first in-person seminar on Digital Negotiable Instruments taking place in the United States.   As policy developments continue to shape digital innovations across transport and trade finance based on #MLETR, several G7 nations have promptly upgraded their legal frameworks to embrace digital negotiable instruments as recommended by UNCITRAL: United Nations Commission on International Trade Law since 2017. This is opening a new era for businesses and lenders as new use cases and value propositions can be developed to increase product differentiation and client satisfaction. Also, those policies rely on advanced technologies such as cryptography and digital assets and deliver concrete benefits to our industry in terms of interoperability, protection against fraud, user experience and scalability.   The US market has progressed much on the policy side which has influenced our decision to host this #MLETR 2025 Planning Seminar for the US market in New York City. We expect attention to digital negotiable instruments to grow in 2025, as major banks take the lead and help the industry establish new market practices in open account trade.   Are you aiming to grow your receivables financing business? How does US law support digital negotiable instruments? Which are the next milestones on the policy side globally and in the US? Which lenders are ready to work with DNIs? Which vendors are helping corporates?   Save-the-date for Thursday December 12th afternoon (1:30pm – 5:30pm) for a half-day seminar on Digital Negotiable Instruments and how it will grow the Supply Chain Finance market.