Trade Facilitation Programmes
Trade Facilitation Programmes
A Trade Facilitation Programme (TFP) is a mechanism used by multilateral banks aimed at promoting foreign trade in the countries of its field by establishing guarantees in favour of international banks relating to operations that involve a payment obligation by local banks in the multilateral bank's region of activity.
Banco Sabadell participates, by means of an agreement with each of them, in the TFPs of the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the International Finance Corporation (IFC) and the Inter-American Development Bank (IDB). It also acts as a confirming bank in documentary credits originated within the framework of these agreements
Click on any of the following links for a list of Issuing Local Banks:
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Characteristics
Coverage:
The TFPs cover the international bank against political and commercial risks that may be entered into with the local bank in connection with a business transaction. TFP guarantees can guarantee the payment of:- Commercial documentary credits
- Documentary credits standby and bank guarantees relating to trade operations
- Promissory notes and bills of exchange relating to trade operations
The beneficiary of the multilateral bank's coverage is the international bank that confirms, guarantees or accepts the payment.
Guarantees:
The multilateral bank's guarantee can be requested by the local bank itself (issuing or obliged) or the international bank (confirming). Once the operation is accepted by the multilateral bank and its form ultimately accepted, a standby guarantee will be issued in favor of the international bank.
Guarantees issued by multilateral banks:- Are subject to the UCPs
- They mature 15 days after the maturity date of the payment instrument to which they relate.
- They can cover, as applies, the total value of the underlying instrument.
- They are payable 15 days after the World Bank receives the international bank's claim.
Fees will depend on the characteristics and the country and are generally borne by the party requesting the guarantee, which may be the local issuing bank or the international confirming bank.
Maximum terms will depend on the country and can range between 180 days and 3 years.
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- Countries with TPF
European Bank for Reconstruction and Development (EBRD)
BERD/EBRD Albania
Armenia
Azerbaijan
Belarus
Bosnia and Herzegovina
Bulgaria
Croatia
Slovakia
SloveniaEstonia
Georgia
Hungary
Kazakhstan
Kyrgyzstan
Latvia
Lithuania
Macedonia
MoldovaPoland
Romania
Russia
Serbia And Montenegro
Czech Republic
Tajikistan
Turkmenistan
Ukraine
UzbekistanAsian Development Bank (ADB)
ADB Afghanistan
Azerbaijan
Bangladesh
Bhutan
Cambodia
China
Cook Islands
Korea
Fiji
Philippines
Hong Kong
Indian
Indonesia
KazakhstanKiribati
Kyrgyzstan
Laos
Malaysia
Maldives
Marshall Islands
Micronesia
Mongolia
Myanmar
Nauru
Nepal
Pakistan
Palau
PapuaSolomon Islands
Samoa
Singapore
Sri Lanka
Tajikistan
Thailand
Taiwan
Timor
Tonga
Turkmenistan
Tuvalu
Uzbekistan
Vanuatu
VietnamNote: The EBRD and the ADB have an agreement to share risk in common countries. In general it is more convenient to address the application to the EBRD.