Sunday, September 19, 2021

IFSCA invites application from eligible entities to set up & operate ITFS Platform by 15th Sept

The International Financial Services Centres Authority IFSCA has invited application from eligible entities to set up and operate the International Trade Financing Services, ITFS Platform by 15th September.

IFSCA has been established as a unified regulator to develop financial products, financial services and financial institutions in the International Financial Services Centres in India.

The ITFS would be an electronic platform for facilitating the trade, finance requirements of exporters and importers by providing access to multiple financiers.

It will play an instrumental role in arranging credit for exporters and importers from global institutions at competitive cost.

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