<SUBMISSION>
<ACCESSION-NUMBER>0000950142-02-000825
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20020822
<ITEMS>5
<ITEMS>7
<FILING-DATE>20020823
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ACTRADE FINANCIAL TECHNOLOGIES LTD
<CIK>0000819255
<ASSIGNED-SIC>6153
<IRS-NUMBER>133437739
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-18711
<FILM-NUMBER>02746245
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>7 PENN PLZ STE 422
<CITY>NEW YORK
<STATE>NY
<ZIP>10001
<PHONE>2125631036
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>7 PENN PLAZA STE 422
<STREET2>7 PENN PLAZA STE 422
<CITY>NEW YORK
<STATE>NY
<ZIP>10001
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ACTRADE INTERNATIONAL LTD
<DATE-CHANGED>19930518
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k-82102.txt
<DESCRIPTION>FORM 8-K CURRENT REPORT
<TEXT>

     As filed with the Securities and Exchange Commission on August 22, 2002


                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of Report (date of earliest event reported): August 22, 2002


                       ACTRADE FINANCIAL TECHNOLOGIES LTD.
                      (FORMERLY ACTRADE INTERNATIONAL LTD.)
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         DELAWARE                       0-18711                 13-3437739
--------------------------------------------------------------------------------
(State or other jurisdiction of    (Commission File Number)    (IRS Employer
        incorporation)                                       Identification No.)


7 PENN PLAZA, SUITE 422, NEW YORK, NY                           10001
--------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip Code)


       Registrant's telephone number, including area code: (212) 563-1036
                                                          ----------------


                           ACTRADE INTERNATIONAL LTD.
--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


<PAGE>

                                                                               2


ITEM 5.  OTHER EVENTS.

                  On August 22, 2002, the registrant announced that Mr. Amos
Aharoni, Actrade's Chairman of the Board, resigned from all director and officer
positions he held with the registrant and its subsidiaries. A copy of Mr.
Aharoni's letter of resignation is attached as Exhibit 99.1 to this report,
which is incorporated by reference into this Item.

                  On August 22, 2002, the registrant issued the press release
attached as Exhibit 99.2 to this report, which is incorporated by reference into
this Item.


ITEM 7.           EXHIBITS.

EXHIBIT           DESCRIPTION
-------           -----------

99.1              Resignation Letter from Mr. Amos Aharoni.

99.2              Press Release, dated August 22, 2002, issued by Actrade
                  Financial Technologies Ltd.


<PAGE>

                                                                               3


                                   SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                   ACTRADE FINANCIAL TECHNOLOGIES LTD.



                                   By:  /s/ Joseph P. D'Alessandris
                                        ---------------------------------------
                                        Name:   Joseph P. D'Alessandris
                                        Title:  Chief Financial Officer




Dated: August 22, 2002


<PAGE>

                                                                               4


                                  EXHIBIT INDEX


EXHIBIT           DESCRIPTION
-------           -----------

99.1              Resignation Letter from Mr. Amos Aharoni.

99.2              Press Release, dated August 22, 2002, issued by Actrade
                  Financial Technologies Ltd.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99_1form8k82102.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

                                                                    EXHIBIT 99.1
                                                                    ------------



                                        August 21, 2002


Ms. Elizabeth Melnik
Secretary
Actrade Financial Technologies Ltd.
7 Penn Plaza, Suite 422
New York, New York

Dear Ms. Melnik:

                  In light of the recent cessataion of operations of Actrade
Resources, Inc., a business to which I devoted a great deal of energy, and in
order to permit the Company to use its substantial cash assets to rebuild its
business with a minimum of controversy, I hereby resign me positions as Chairman
of the Board and Director of Actrade Financial Technologies, ltd., and any
positions I may hold with any of its subsidiaries.


                                        Very truly yours,

                                        /s/ Amos Aharoni
                                        ----------------
                                        Amos Aharoni


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>ex99_2form8k82102.txt
<DESCRIPTION>EXHIBIT 99.2
<TEXT>

                                                                    EXHIBIT 99.2
                                                                    ------------



Investor Contact:


Melissa Payne-Smith
Investor Relations Manager
Actrade Financial Technologies Ltd.
(732) 868-3100 x211
Investor_relations@actrade.com

              ACTRADE ANNOUNCES RESIGNATION OF FOUNDER AND CHAIRMAN

                   ACTRADE EXPECTS TO DELAY THE FILING OF ITS
                    FORM 10K FOR THE YEAR ENDED JUNE 30, 2002

New York, NY - August 22, 2002 - Actrade Financial Technologies Ltd. (NASDAQ:
ACRT), a provider of financing, payment and processing solutions, today
announced that Amos Aharoni, Actrade's founder, Chairman of the Board and former
Chief Executive Officer, has resigned from all director and officer positions he
holds with Actrade and its subsidiaries.

Actrade also stated that Mr. Aharoni had declined to cooperate fully with the
previously announced evaluation by its Audit Committee of anonymous allegations
received by the Board that primarily related to possible irregularities and
other alleged improprieties in the Company's IMT business formerly conducted by
its Actrade Resources subsidiary.

Actrade also announced that it expected to delay the filing of its Form 10K for
the year ended June 30, 2002 in order to accommodate the Audit Committee's
ongoing evaluation. At this time, it is not feasible to determine when the Audit
Committee's evaluation will be completed and, accordingly, Actrade is not in a
position to provide any further guidance as to when its Form 10K will be filed.


                                       ###


Certain statements and information included in this release constitute
"forward-looking statements" within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance, or achievements of the Company to be materially
different from any future results, performance, or achievements expressed or
implied in such forward-looking statements. Additional discussion of factors
that could cause actual results to differ materially from management's
projections, forecasts, estimates and expectations is contained in the Company's
SEC filings.


</TEXT>
</DOCUMENT>
</SUBMISSION>
