TXF in depth

International Financial Sanctions: How is the landscape changing?
International Financial Sanctions: How is the landscape changing?
Leigh Hansson
20 November 2018

International businesses are facing a more challenging and perilous sanctions environment. Brett Hillis and Leigh Hansson, partners at Reed Smith, discuss key sanctions regimes in Russia and Iran, as well as the long-reach of US sanctions, Brexit, and the uncertainties raised by the EU Blocking Regulation.

Funding in a frosty climate
Funding in a frosty climate
Daniel Pembrey
19 November 2018

With many European banks having reduced exposures, small- and mid-size traders are turning to new sector specific funds or small regional banks for financing – but at a cost. What does it take to defrost liquidity and survive in a global commodity market that has become increasingly dominated by a select few?

Commodity logistics boosted by increasing digitisation
Commodity logistics boosted by increasing digitisation
Jonathan Bell
14 November 2018

Great strides are now being made in enhancing commodity logistics through the use of blockchain in commodity shipments. Jonathan Bell explores some of the recent developments.

TXF in brief

Newly formed Var Enerji signs $3bn RBL
12 December 2018

Var Enerji – a new company created via the merger of Eni Norge and Point Resources –  signed a $3 billion six-year reserve-base ...

Trafigura signs $530m BBL for its Peru subsidiary
6 December 2018

Trafigura has signed a one-year $530 million borrowing base (BBL) facility for its subsidiary in Peru. Natixis led the deal and was joined by ABN...

Murphy Oil $1.6bn RCF bank list revealed
6 December 2018

Murphy Oil Corporation has closed a new $1.6 billion five-year senior unsecured revolving credit facility (RCF). Effective 28 November, 2018, the new ...

More details emerge for W&T Offshore’s $250m RBL
5 December 2018

W&T Offshore has entered into a new four-year $250 million revolving credit that refinances a five-year $150 million facility that expir...

Gunvor extends $745m borrowing base with accordion
4 December 2018

Gunvor has increased it sustainability linked  $745 million one-year secured borrowing base facility via a signed $25 million accordion opti...

TXF Data

Export & Agency Finance MLA Full year 2018

Bank USDm No %
1 Santander 6395m 39 10.4%
2 Credit Agricole CIB 5054m 24 8.2%
3 HSBC 4330m 31 7.1%
4 BNP Paribas 4110m 22 6.7%
5 Citi 2538m 15 4.1%
6 Société Générale 2525m 15 4.1%
7 Natixis 2518m 7 4.1%
8 Deutsche Bank 2398m 13 3.9%
9 ING Bank 2344m 33 3.8%
10 KfW IPEX-Bank 1772m 8 2.9%

Commodity Trade Finance MLA Full year 2018

Bank USDm No %
1 ING Bank 10005m 73 8.7%
2 Natixis 6923m 29 6%
3 BNP Paribas 6584m 36 5.7%
4 MUFG Bank 5366m 29 4.7%
5 ABN AMRO 4614m 37 4%
6 Société Générale 4128m 37 3.6%
7 Rabobank 4011m 32 3.5%
8 Deutsche Bank 3866m 20 3.4%
9 UniCredit 3660m 28 3.2%
10 Standard Chartered 3568m 21 3.1%

TXF Podcast

Song of the day

Sophie Ellis-Bextor
Murder on the dancefloor
Listen on TXFunky