The Open Working Group

The Open Working Group (OWG) is a specialised initiative dedicated to modernising global trade finance by transforming open account trade transactions. Its mission is to eliminate structural inefficiencies, mitigate risk, and expand accessibility for exporters, importers, financial institutions, and insurers.

By leveraging Distributed Ledger Technology (DLT), artificial intelligence, blockchain enabled smart contracts, and embedded ESG metrics, OWG is building a secure, transparent, and sustainable digital ecosystem for global trade. The initiative seeks to enhance trust, improve data integrity, and streamline processes across the open account trade lifecycle, supporting more resilient and inclusive trade finance structures worldwide.