Clifford Chance

Clifford Chance Amsterdam advises ING on their collaboration with Tradeteq, an AI-driven platform that makes trade finance accessible for institutional investors

Clifford Chance Amsterdam has advised ING on their collaboration with Tradeteq, an AI-driven platform that makes trade finance accessible for institutional investors, to start distributing their commodity trade finance exposures to non-bank institutional investors.

Tradeteq is the first electronic trading platform in the trade finance industry, which allows banks and institutional investors to transact trade assets. It uses advanced analytics and AI-driven credit scoring to give trade finance assets accurate risk scores, helping investors to evaluate opportunities, make better informed decisions and become more efficient by eliminating manual processes. Tradeteq facilitated a transaction between ING and Federated Hermes, a large American institutional investor, on 4 February 2020.

The platform offers an end-to-end solution covering three elements: portfolio management and trading automation; risk analytics that provide greater transparency; and securitisation-as-a-service. This allows investors to access trade finance in a standardised way.

Pieter van Welzen was involved as legal advisor from Clifford Chance Amsterdam.