EBRD is stepping up its support for the digital transition of trade finance by facilitating test transactions between QNB ALAHLI, Banca Comercială Română and UniCredit on the we.trade digital trade platform.
The tests will take place through we.trade's Preview Offering Program, with a special focus on green trade finance.
The Preview Offering Program enables banks and clients around the world to participate in test transactions with we.trade member banks. These banks also receive extensive operational, information technology, sales and marketing, and legal and compliance consultancy services, tailored to their level of digitalisation.
In addition, the EBRD is working with the International Chamber of Commerce Banking Commission and the International Trade and Forfaiting Association to advance the adoption of legal frameworks to enable digital trade and trade finance.
QNB ALAHLI, Banca Comercială Română and UniCredit are participants in the EBRD's Trade Facilitation Programme (TFP), launched in 1999 to promote foreign trade to, from and among the economies in which the EBRD operates. Through the programme, the EBRD provides guarantees to international confirming banks and short-term loans to selected banks and factoring companies for on-lending to local exporters, importers and distributors. The TFP currently includes more than 100 partner banks in 30 economies where the EBRD invests and more than 800 confirming banks worldwide.
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