IATFP
ITALIAN AFRICAN TRADE FACILITATION PROGRAM
THE PROGRAM
In order to support trade with african counterparties in Africa, it is fundamental, being able to quantify the risks and manage them properly. African counterparties are a specific kind of client that requires tailor made risk management tools and methodologies.
After years of presence in the African markets and cooperation with the main European and African institutions ETC, together with Uniafrica (Union for the Development of Italian-African Relations), has launched a new program for the Italian-African related business named Italian African Trade facilitation Program “IATFP”, with the aim of supporting trade with Italian/European counterparties and investment projects in Africa.
The Mission is to pool skills and knowledge in order to promote Trade Finance and internationalization activities towards African markets based on a cost-sharing and risk reduction approach.
Main goal of IATFP is to manage three main areas:
• Risk management along the entire value chain
• Business growth related to African markets
• Network management, involving actors of various nature (institutions, banks, advisors and consultants, and corporates) to ensure maximum effectiveness and efficiency in each step of the value chain
Main Areas of the Program:
The strategy of ETC aims to create a cross-functional structure capable of providing value, combining know-how and expertise in the following main areas:
- Transaction Assessment
- Network Management
- Compliance & Due Diligence
- Corporate Advisory
- Trade Finance
- Business & Market Intelligence
Who is it for?
In order to better develop the business of emerging countries in Africa, facing their commercial complexity, IATFP aims to expand the panel of participants:
- PanAfrican Entities
Multilateral Funds
Business Law (OHADA)
Development / Multilateral banks and Financial Institutions (IFC, AfDB, BDEAC, EADB, BOAD, BADEA, Afreximbank, et cetera)
Audit companies
- Commercial bank in both Italian-African Markets
Issuing / Confirming banks
Collecting / Presenting / Remitting banks
Clearing banks
- Italian Entities
ICE
Cassa Depositi e Prestiti
SACE - SIMEST
- Marketplace
Free Zones
Industrial Districts
Commercial Platforms
- Facilitators
Correspondent Banking /Commercial Agent
Business Intelligence and Transaction Banking Specialist
Benefits for Participant Banks:
- Corporate Advisory Service:
Business development and commercial scouting
Risk management
Supply Chain management
Free trade zones
- Due Diligence Service: DD process run by ETC for
Collection / update of documents & Information
Storage in a Relationship Management platform (easy to access)
- Corporate Finance Service:
Trade Finance
Project Finance
- Business Intelligence Service: Correspondent Banking Flows assessment
Map of existing channels (foreign markets, banking relationships)
Insights on currencies
Trade finance and clean payments analysis
- Banking Network Membership (optional):
RMA Exchange with a specific network of selected counterparties (subjected to enhanced selection procedure and periodic monitoring)
- Banking Network Membership (optional):
Participation to IATFP Steering Committee
Strategic planning
Business activation of Italian-African projects
Brand Placement and visibility
Offical documentation
Website, LinkedIN focus group
Newsletter