TBG 5 is a permanent Group of UN/CEFACT TBG ( International Trade and Business Processes Group) with the objective to support the development of trade facilitation and electronic business
solutions for Banking and Finance. TBG 5 activities are within the mission and objectives of
UN/CEFACT TBG (see also document UN/CEFACT/TBG/N004, 13 March 2003).
The purpose of the International Trade and Business Processes Group (TBG) is to be responsible
for the simplification of international trade procedures, business and governmental process
analysis, and best practices, using the UN/CEFACT Modelling Methodology where appropriate to
support the development of trade facilitation and electronic business solutions (see also document
UN/CEFACT/TBG/N002s TBG Mandate, Section 1.1 Purpose).
The purpose of the International Trade and Business Processes Group 5 Finance Domain (TBG 5), is to be
responsible within the banking and financial area, for the simplification of international trade
procedures, business and governmental process analysis, and best practices.
Examples of TBG 5 activities:
develop and maintain electronic financial information exchange standards
achieve convergence with other electronic financial information exchange initiatives
encourage the active participation in the work of all interested parties in accordance with
the TBG 5 group's membership criteria
promote the global use of messages based on agreed electronic financial information exchange standards