Mercuria’s annual $1.2 billion Asian RCF closed last month. While the downsized deal and significant margin savings suggest the trader has a strong financial position, a continued drop in its oil trading business could spell a different fundraising story for 2020.

At TXF's PRI conference in London last week, TXF spoke to Stephen Renna, chief banking officer of US Exim to find out if christmas is coming early for the US ECA, as Exim's reauthorisation bill awaits approval from the senate. Renna is positive about the agency's future - although reauthorisation is far from concrete given the volatile climate of US politics.

The renaissance in North Sea oil field M&As is being driven by new flows of capital and RBL lenders backing mid-cap oil companies acquiring assets from majors’ divesting in the sector. But how much value can these often PE-backed independents and special operators squeeze from older oil assets before they look to offload — or even float them?

With banks having to implement the finalised version of Basel III (commonly called Basel IV) by 1 January 2022, regulatory requirements are becoming ever complex. TXF spoke to Fasil Nasim, co-founder of alternative fund Audentia Global, to discuss the implications of changing regulations on the commodity trade finance sector.

TXF has opened voting for its Perfect 10 Deal of the Year Awards 2019. Please cast your vote on tagmydeals.com to have your say on this year’s most landmark export and commodity finance deals.