Current Affairs Exam

International Financial Services Centres Authority IFSCA

Establish and operate the International Trade Financial Service Platform (ITFS) to provide a framework for trade financial Services in the International Financial Service Center.

Highlights:

The IFSCA has issued a framework for establishing and operating an International Trade Finance Services Platform in order to provide Trade Finance Services at International Financial Services Centres.

This framework will allow importers and exporters to use different types of trade financing facilities under competitive conditions to conduct international trade transactions through the dedicated electronic platform ITFS.

This will assist them in converting their trade receivables into liquid funds and obtaining short-term funding.

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