TXF in depth

Export finance rolls up its sleeves for business
Export finance rolls up its sleeves for business
Jonathan Bell
28 October 2020

TXF World Fair delegates have embraced private virtual meetings with 6,700+ private meetings arranged so far! Around the virtual conference business is being done across the breadth of the TXF platform. Elsewhere, in the last few days Berne Union members have voted in Michal Ron as the new president, and the largest solar farm in sub-Saharan Africa to date gets Swedish ECA backing.

Expert briefing: Assessing the possible impact of a hard Brexit
Expert briefing: Assessing the possible impact of a hard Brexit
Guest Contributor
23 October 2020

With last minute trade discussions ongoing, the potential of the UK leaving the EU in a ‘no deal’ situation is very real. Whatever the scenario, the wrench from the EU will have a massive impact on many UK companies, but also for other European counterparts too. The devil is always in the detail. Here, Robert Lyons, a specialist business and corporate lawyer at Excello Law, sets out the implications.

The LIBOR transition: Olam’s SORA-tied loan debut
The LIBOR transition: Olam’s SORA-tied loan debut
Aife Howse
22 October 2020

With the complicated transition away from LIBOR looming at the end of 2021, Olam has secured Singapore’s first club deal pegged to the country’s new Singapore Overnight Rate Average (SORA) benchmark. But not every corporate borrower is as prepared as the Singaporean food and agri-business for the change away from LIBOR, a daily benchmark which has determined interest rates for $250 trillion of debt and derivatives for over 40 years.

TXF Originals

Promotion for Koning as ING boosts structured finance
1 December 2020

Maarten Koning has been appointed global head of trade and commodity finance at ING based in Geneva. Koning will head up a newly combined division com...

Four bids in for ADNOC's subsea transmission project
30 November 2020

Abu Dhabi National Oil Company (ADNOC) has received bids from China Southern Power Grid; Elia/Vision Interest; Kansai Electric; and KEPCO/Kyuden/EDF f...

Export financing arm of Ferrostaal Equipment bought by Jebsen & Jessen
23 November 2020

Ferrostaal Trading, a German industrial service group and majority-owned subsidiary of MPC Münchmeyer Petersen (MPC), has sold the transportation...

Udenna signs on Malampaya stake acquisition debt
18 November 2020

Udenna Corporation – via special purpose company UC Malampaya Philippines – has raised a $425 million senior secured reserves-based loan t...

London Trade Roundtable to host Trade, Tech and Transition virtual meeting
13 November 2020

London Trade Roundtable is hosting a virtual event entitled: ‘Trade, Tech and Transition in a Covid/Post-Covid World’ on Wednesday 18 Nove...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.3%
2 BNP Paribas 4734m 26 7.2%
3 Société Générale 3968m 27 6%
4 ING Bank 3874m 37 5.9%
5 MUFG Bank 2992m 21 4.5%
6 Sumitomo Mitsui Banking Corporation (SMBC) 2594m 16 3.9%
7 Crédit Agricole CIB 2535m 18 3.8%
8 Mizuho 2535m 17 3.8%
9 HSBC 2031m 14 3.1%
10 Rabobank 2026m 24 3.1%

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