Home / Knowledge / News / Textiles / ICA launches new 'safe trading zone' for members
ICA launches new 'safe trading zone' for members
30
May '13
As part of its strategy to promote a safer trading environment and reduce the number of defaulters, the International Cotton Association (ICA) has launched a new web based facility to enable its members to check the trading status of a firm and help them make ‘safe’ trading choices.

Exclusive to ICA members, the ‘Safe Trading Zone’ provides an instant, online search facility that is automatically linked to the Association’s default and advisory notice lists and its membership database, making it quicker and easier for its members to check the status of a firm.

The Safe Trading Zone will be managed by the ICA’s Business Intelligence Team (BIT), which was introduced in October last year to proactively gather trade information and search for trade links used by defaulters and associated firms to buy or supply cotton.

“The BIT regularly identifies and receives information indicating that a defaulter is linked to or used by other companies, enabling them to continue to trade,” said Kai Hughes, ICA Managing Director.

“The Safe Trading Zone gives us a new platform to share this vital information with our members at the touch of a button. We are confident that it will become an essential trading tool and will add even more value to being an ICA member.”

Tom Lowndes, ICA Business Intelligence Analyst, who was involved in creating the new facility said: “The system could not be easier to use. Members simply type in a company name or a country and then it does the rest.

"It will automatically conduct a predictive search (a bit like ‘Google’) of our default, advisory notice and membership data and then deliver the results on screen. It uses a ‘traffic light’ system – green for an ICA member and therefore ‘safe to trade’, amber for firms with an ‘advisory notice’ and red for a ‘defaulter’.”

International Cotton Association


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search