TXF Asia 2016

An analysis of the growing structured credit risk and PRI markets, in contrast to collaboration and competition with Asian and global ECAs. We continue the debate on where ECAs should and shouldn’t provide cover in relation to the private market. What is the appetite of PRI? What is the private market view on specific countries, tenors and risk ratings? Are frontier markets such as Bangladesh, Sri Lanka, Myanmar, Cambodia, Mongolia showing significant activity? How is Asian outbound activity being served by the mix of ECA and the private market? With political risk products for SOEs in Asia and China, who are making investment in the US and EU, how do you sell zero risk?

Roads, rail, ports and airport financing opportunities are discussed and highlighted across Asia. What are Myanmar’s infrastructure needs? How will China’s new silk road and one belt one road initiatives connect the region, and who will be involved? Where are the opportunities in South East Asia? How can the financial community work with DFIs and MFIs to get more project over the line?

This session explores the efforts of the ICC Export Finance Committee and the Berne Union in mitigating the impact of regulation, as well as harmonization and standardization practices to make the industry more efficient

This session provides a latest update on what the private market is doing to provide structured credit risk for commercial banks, in the form of pure non-payment and loan insurance. Risk appetite and ratings will be examined, and product innovations discussed.

A hotly anticipated market, with all governments, regulators and utilities talking about it, but has Asian renewables arrived, or is it nascent? Where are the mega projects? Will regulatory policy continue to act as a barrier to getting projects over the line? Can Asia finally move away from coal? How can banks and sponsors factor in political risk in new countries? India, Vietnam and China are showing strong signs, is Indonesia going to step up as well? Will onshore and offshore wind lead the charge, or is there life left in solar? Where are the best geothermal opportunities? What is needed to make projects attractive to investors in the sector?

This panel discusses how banks will deal with continued low pricing, and how international banks can compete with highly liquid Chinese banks? Will the growth of local banks impact business or can they collaborate together? The flight to quality – what is the impact of international bank retrenchment? Where are the deals coming from? How is unstructured lending in India, Indonesia, Vietnam and China changing the game? Is restructuring of distressed energy assets a key area for new opportunity? How can syndications present attractive propositions and options? The elephant in the room – over-compliance – can anything be done? What impacts will Basel 3 & 4 have going forward?

US EXIM has led the way with ECA bonds, who will offer these going forward? With long-term lending banks only wanting to work with ECAs, will there continue to be a growth in ECAbacked project finance? How will direct lending evolve? As Asian market consolidation and outbound investment continues to grow, can more EU ECAs interact with Asian companies here? Can they compete with Asian pricing?

A chance to discuss the findings of the CLEVIS borrowers and exporters report in further depth

With few new orders and deals drying up, can shipyards facing a huge challenge on growth meet their cash flow obligations? What will be the continuing effect of decreased commodities demand and low pricing on the offshore and bulk carrier shipping sector? What is the future for the container shipping sector, and how are Chinese yards being impacted by developments? How are Asian ECAs responding to financing requirements? What is the view of SINOSURE here? Is the cruise sector the great hope it promises to be, will the Asian market start to compete with Europe in the cruise sector, and what opportunities are presented?

How can large global companies work with Korean ECA financing? What are the advantages and challenges from the borrower/sponsor’s perspective? How do Korean ECAs evaluate feasibility and desirability of proposed export/project financing? What challenges exist in the ECA financing-relevant industries globally? What are the broader policy objectives and commercial dynamics of particular transactions from the perspective of KEXIM and K-sure?

This panel compares and contrasts the relevance of alternative funding vehicles and institutional investors in contrast to commercial banks in the ECA space. Who can do what? Who are ECA products designed for? Where a bank will refinance to maintain a relationship, is it possible for a fund do this? What capital markets instruments exist for corporates?

This discussion group examines the Asia outbound market to CIS, Latin America, the Middle East, Europe, US and Africa, to isolate hot markets from the perspective of key global banks. Will Asian companies continue to consolidate market share by buying EU, American and Asian companies? Which ECAs are most active, and where? Will Korea and Japan continue to invest in US infrastructure? How will the US election impact Asia investment to the US? Will today’s oil prices see a continued pattern of national oil companies going overseas to develop petro assets in US and Latin America? The Middle East?

A huge opportunity that needs to be carefully navigated, this session seeks to uncover key questions around working with Chinese banks so you can evaluate good deals. What does the Chinese Government-backed 1 Belt 1 Road initiative mean for the international community? Western banks’ risk ratings and acceptance of working with SINOSURE, in contrast to Chinese Governmental restrictions. What markets and industries present the largest opportunities for Chinese investment? How to access brownfield and M&A Activity? The lowdown on projects in Africa and South-East Asia, the Gulf, Egypt, and offshoring into Vietnam, Cambodia and Bangladesh. Will China continue to buy distressed petro assets in Europe, US and Latin America? Get the inside track on cross-border RMB markets becoming de-regulated, and uncover private, syndicated and bilateral deals.

How can successful public-private partnerships be established in emerging markets? What considerations need to be taken in to account? How is the Indonesian PPP model working and financed across syndications, bi-lateral and club deals? What lesson can be learnt from the Philippines model?

We use TXF data to create an open forum debate, where we examine key Asian markets and industry players to work out where there has been activity and how this can be translated into opportunities going forward.