Sullivan
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Biography

  • Lloyds Bank on the template structure for what is described as the UK’s first digital ‘promissory note’ purchase, structured in this specific way. It represents the first transaction to use ITFA’s Digital Negotiable Instrument initiative (DNI) issued using Enigio’s solution trace; original.
  • Marco Polo Network, the world's first blockchain-enabled, distributed network of trade finance and payment solutions to produce two rulebooks for its Marco Polo platforms under English law and the equivalents under New York law.
  • BAFT in updating its English law and New York law Master Participation Agreements (MPA) and associated usage guidelines, in particular to reflect the cessation of the use of LIBOR. The suite of MPAs are industry standard documents used by banks and their counterparties around the globe to facilitate the buying and selling of country and bank trade-related assets.
  • The ITFA Board in connection with various market-led insurance related matters. In September 2021, ITFA and Sullivan issued joint guidance to ITFA members on the use of compounded Risk-Free Reference Term Rates in Trade and Export Finance as a replacement for LIBOR.
  • ITFA’s Insurance Committee on its move towards the development of a Basel III trade credit insurance policy form. The result of three years of work and negotiations, it was released in October 2021. This new form covers receivables policies and is also a platform for devising compliant policies for other situations and products to encourage banks, insurance companies, law firms and brokers to move in the same direction to grow the overall industry.

Matters

  • Lloyds Bank on the template structure for what is described as the UK’s first digital ‘promissory note’ purchase, structured in this specific way. It represents the first transaction to use ITFA’s Digital Negotiable Instrument initiative (DNI) issued using Enigio’s solution trace; original.
  • Marco Polo Network, the world's first blockchain-enabled, distributed network of trade finance and payment solutions to produce two rulebooks for its Marco Polo platforms under English law and the equivalents under New York law.
  • BAFT in updating its English law and New York law Master Participation Agreements (MPA) and associated usage guidelines, in particular to reflect the cessation of the use of LIBOR. The suite of MPAs are industry standard documents used by banks and their counterparties around the globe to facilitate the buying and selling of country and bank trade-related assets.
  • The ITFA Board in connection with various market-led insurance related matters. In September 2021, ITFA and Sullivan issued joint guidance to ITFA members on the use of compounded Risk-Free Reference Term Rates in Trade and Export Finance as a replacement for LIBOR.
  • ITFA’s Insurance Committee on its move towards the development of a Basel III trade credit insurance policy form. The result of three years of work and negotiations, it was released in October 2021. This new form covers receivables policies and is also a platform for devising compliant policies for other situations and products to encourage banks, insurance companies, law firms and brokers to move in the same direction to grow the overall industry.

Matters

Matters

Matters

  • Lloyds Bank on the template structure for what is described as the UK’s first digital ‘promissory note’ purchase, structured in this specific way. It represents the first transaction to use ITFA’s Digital Negotiable Instrument initiative (DNI) issued using Enigio’s solution trace; original.
  • Marco Polo Network, the world's first blockchain-enabled, distributed network of trade finance and payment solutions to produce two rulebooks for its Marco Polo platforms under English law and the equivalents under New York law.
  • BAFT in updating its English law and New York law Master Participation Agreements (MPA) and associated usage guidelines, in particular to reflect the cessation of the use of LIBOR. The suite of MPAs are industry standard documents used by banks and their counterparties around the globe to facilitate the buying and selling of country and bank trade-related assets.
  • The ITFA Board in connection with various market-led insurance related matters. In September 2021, ITFA and Sullivan issued joint guidance to ITFA members on the use of compounded Risk-Free Reference Term Rates in Trade and Export Finance as a replacement for LIBOR.
  • ITFA’s Insurance Committee on its move towards the development of a Basel III trade credit insurance policy form. The result of three years of work and negotiations, it was released in October 2021. This new form covers receivables policies and is also a platform for devising compliant policies for other situations and products to encourage banks, insurance companies, law firms and brokers to move in the same direction to grow the overall industry.

Matters

Matters

Matters

Matters