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ARTICLE · 21 APRIL 2025

Setting Up International Trade Finance Services (ITFS) Platforms Under IFSCA

AK & Partners
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The International Financial Services Centres Authority (IFSCA) has issued a revised framework for the establishment and operation of International Trade Finance Services (ITFS) platforms within India's International Financial Services Centres (IFSC).

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar
Niket Khandelwal
Niket Khandelwal

The International Financial Services Centres Authority (IFSCA) has issued a revised framework for the establishment and operation of International Trade Finance Services (ITFS) platforms within India's International Financial Services Centres (IFSC). These guidelines, notified on 11 April 2025, supersede the original 2021 guidelines and aim to enhance India's positioning as a global trade finance hub. The ITFS framework provides a legally recognised, digital-first environment for enabling cross-border trade financing through instruments such as factoring, forfaiting, bill discounting, and supply chain finance.

The new framework addresses operational scalability and regulatory risk and is intended for entities with prior experience in financial market infrastructure or fintech services. The revised framework prioritises strong technological readiness, sound financial standing and governance resilience in applicant entities.

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