TXF in depth

Traders further build-in SDG principles and financing
Traders further build-in SDG principles and financing
Jonathan Bell
6 March 2019

Sustainability within commodity production and financing has been slow to properly kick-in. But changes are afoot, and many traders are now making valiant strides to ensure sustainability goals become a real part of their make-up. Jonathan Bell assesses some recent developments.

LC LITE work: Streamlining LCs on blockchain
LC LITE work: Streamlining LCs on blockchain
Ross Crear
5 March 2019

The Letter of Credit (LC) market accounts for $2.3 trillion and has always been dominated by banks. But now, LC LITE has rolled out technological alternatives to LCs by putting loan documentation flow on its new blockchain-based platform, with one major commodity trader already on-board.

US-China trade truce provides breathing space
US-China trade truce provides breathing space
Jonathan Bell
27 February 2019

The cancellation of the hike in tariffs on imports from China into the US is giving rise to hope of a trade deal between the two countries and an end to the all-out trade wars. Jonathan Bell assesses the prospects.

TXF in brief

Rebidding process for Petrobras' TAG sale nears end
22 March 2019

The rebidding process for a 90% stake in state-owned Petrobras’ pipeline subsidiary Transportadora Associada de Gas (TAG) will end next week. A ...

Ukrlandfarming in talks for debt restructuring
18 March 2019

Ukrlandfarming (ULF) is currently in talks with banks, export credit agencies and bond holders to restructure part of the Ukrainian agriculture group&...

Newell joins Rabobank as senior counsel
15 March 2019

Adrian Newell has joined Rabobank as senior counsel and will be based in London. Newell will be working as part of the trade and commodity finance tea...

Klein joins LC Lite
12 March 2019

Duncan Klein has joined LC Lite - a newly launched blockchain-based platform for letters of credit - as head of funding. Klein previously spent 2...

ECOM Agroindustrial Asia RCF refi nears close
8 March 2019

ECOM Agroindustrial Asia is expected to sign a $600 million revolving credit facility (RCF) in early April. The deal will refinance the company’...

TXF Data

Export & Agency Finance MLA Full year 2018

Bank USDm No %
1 Santander 7710m 47 8.4%
2 BNP Paribas 7186m 32 7.8%
3 Credit Agricole CIB 6022m 37 6.6%
4 HSBC 5970m 40 6.5%
5 Société Générale 5853m 29 6.4%
6 Deutsche Bank 4056m 28 4.4%
7 MUFG Bank 3795m 22 4.1%
8 ING Bank 3053m 41 3.3%
9 UniCredit 3053m 20 3.3%
10 Citi 3045m 17 3.3%

Commodity Trade Finance MLA Full year 2018

Bank USDm No %
1 Natixis 12131m 41 8.4%
2 ING Bank 11076m 83 7.7%
3 BNP Paribas 7651m 44 5.3%
4 Société Générale 5941m 50 4.1%
5 MUFG Bank 5552m 32 3.9%
6 ABN AMRO 4979m 42 3.5%
7 Deutsche Bank 4304m 25 3%
8 Rabobank 4286m 36 3%
9 Standard Chartered 4197m 24 2.9%
10 UniCredit 4069m 34 2.8%

TXF Podcast

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The Undertones
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