Representing International Transaction Banking

BAFT is the leading global trade association representing the international transaction banking community. Bringing together bankers, service providers, regulators and industry stakeholders, BAFT offers a vehicle for a global community of professionals involved in trade finance, payments, liquidity, compliance and related interests.

Membership in BAFT is on an institutional and global basis, providing an opportunity for every individual within your organization to get engaged. As a member of BAFT, you have access to:

  • Regional and Product Leadership Councils exchanging thought leadership on strategic industry topics
  • Committees and Working Groups of like-minded practitioners working together to achieve common practices and resolution to common challenges
  • Updates on important subject matters affecting transaction banking
  • Policy papers and advocacy initiatives
  • Discounts at conferences, webinars, training & education programs
  • Membership directory of other BAFT members

Learn more how a BAFT membership can benefit you and your institution!

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Membership News

BAFT Releases Guidance Paper for Auto Extension

by BAFT Admin | Jun 26, 2019
BAFT releases much anticipated Guidance Paper for Auto Extension thanks to the effort of the BAFT North America Standby LC Committee – Auto Extension working group.

Convened in November of 2015, by the members of the North America Standby LC Committee who put together a working group to study the use of auto-extension clauses in standby letters of credit and demand guarantees in the United States as applicable. The objective was to produce a white aper to be used as guidance for banks within the United States reflecting Auto Extension Best Practices as it relates to language suggestions, accounting practices and identification of “problem language.” This paper outlines the good, the bad and the ugly as it relates to auto-extension clauses and the challenges faced by banks in managing the associated risks.

BAFT’s Guidance Paper for Auto Extension is available for free to the global transaction banking community and can be found here