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Term Definition
BAFT

The Bankers Association for Finance and Trade, which was started in 1921 with a meeting of ten bankers at the Hotel Cleveland, is a financial membership organization made up of United States and non-US banks and institutions. BAFT’s purpose is to act as a policy and advocacy body within the national and international financial system – working with global capital markets, international payment businesses, trade associations, and various governmental bodies. In 2002, the BAFT became an affiliate of the American Bankers Association.

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