{"id":1481,"date":"2021-07-12T20:10:15","date_gmt":"2021-07-12T14:40:15","guid":{"rendered":"https:\/\/theeducationoverview.in\/?p=1481"},"modified":"2021-07-12T20:10:18","modified_gmt":"2021-07-12T14:40:18","slug":"framework-for-setting-up-and-operating-international-trade-finance-services-platform-itfs-for-providing-trade-finance-services-at-international-financial-services-centres","status":"publish","type":"post","link":"https:\/\/theeducationoverview.in\/?p=1481","title":{"rendered":"Framework for Setting up and operating International Trade Finance Services platform (\u2018ITFS\u2019) for providing Trade Finance Services at International Financial Services Centres (\u2018IFSCs\u2019)"},"content":{"rendered":"<div class=\"text-center\">\n<p><span style=\"color: #0000ff;\"><strong>Framework for Setting up and operating International Trade Finance Services platform (\u2018ITFS\u2019) for providing Trade Finance Services at International Financial Services Centres (\u2018IFSCs\u2019)<\/strong><\/span><br \/>\n<span id=\"ltrSubtitle\"><\/span><\/p>\n<\/div>\n<div class=\"ReleaseDateSubHeaddateTime text-center pt20\"><span style=\"color: #0000ff;\"><strong>Posted On: 12 JUL 2021 4:38PM by PIB Delhi<\/strong><\/span><\/div>\n<div class=\"pt20\"><\/div>\n<p><span style=\"color: #0000ff;\"><strong>The International Financial Services Centres Authority (IFSCA) has been set up vide IFSCA Act, 2019 to develop and regulate the financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs). Towards this end, IFSCA has issued a framework for Setting up and operating International Trade Finance Services Platform (\u2018ITFS\u2019) for providing Trade Finance Services at International Financial\u00a0\u00a0 Services Centres (\u2018IFSCs\u2019).<\/strong><\/span><\/p>\n<p><span style=\"color: #0000ff;\"><strong>The framework will enable Exporters and Importers to avail various types of trade finance facilities at competitive terms, for their international trade transactions through a dedicated electronic platform viz, ITFS. This will help in their ability to convert their trade receivables into liquid funds and to obtain short term funding.<\/strong><\/span><\/p>\n<p><span style=\"color: #0000ff;\"><strong>This framework will provide an opportunity to the participants to avail trade finance facilities for trade transactions such as Export Invoice Trade Financing, Reverse Trade Financing, Bill discounting under Letter of Credit, Supply Chain Finance for Exporters, Export Credit (Packing Credit), Insurance\/ Credit Guarantee, Factoring and any other eligible product, on the ITFS platform.<\/strong><\/span><\/p>\n<p><span style=\"color: #0000ff;\"><strong>The complete text of the Circular is available on the IFSC website at\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/ifsca.gov.in\/Circular\" target=\"_blank\" rel=\"noopener\">https:\/\/ifsca.gov.in\/Circular<\/a><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Framework for Setting up and operating International Trade Finance Services platform (\u2018ITFS\u2019) for providing Trade Finance Services at International Financial Services Centres (\u2018IFSCs\u2019) Posted On: 12 JUL 2021 4:38PM by PIB Delhi The International Financial Services Centres Authority (IFSCA) has been set up vide IFSCA Act, 2019 to develop and regulate the financial products, financial &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1481","post","type-post","status-publish","format-standard","hentry","category-education-news"],"_links":{"self":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/1481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1481"}],"version-history":[{"count":1,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/1481\/revisions"}],"predecessor-version":[{"id":1482,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/1481\/revisions\/1482"}],"wp:attachment":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}