TXF in depth

New SCF for the new normal in emerging markets
New SCF for the new normal in emerging markets
Katharine Morton
16 December 2020

In a discussion supported by Finverity, TXF looks at new ways for companies to effectively use digitisation in emerging markets to propel access to financing for sustainable international trade through supply chain finance (SCF).

Gunvor raises biodiesel borrowing base benchmark
Gunvor raises biodiesel borrowing base benchmark
Aife Howse
15 December 2020

Gunvor’s oversubscribed biodiesel borrowing base has revealed significant lender support for the backing of cleaner products in line with the energy transition. But, with the handful of biggest traders attracting plenty of debt, and SMEs struggling to secure such volumes of financing, the already large funding gap at the lower end of the commodity trade finance market is set to widen.

Seaborne trade – not all plain sailing!
Seaborne trade – not all plain sailing!
Jonathan Bell
9 December 2020

The container changed global seaborne trade forever. As consumers we simply expect goods to be transported and arrive, but two major incidents this year reveal the harsh realities that can occur in the transport of goods by sea.

TXF Originals

Tiwari and team joins AZB & Partners
13 January 2021

AZB & Partners has welcomed Anuja Tiwari as partner in the energy and infrastructure practice along with her team of lawyers: Mallika Anand, Amool...

Caroline Tran joins AXA XL global political risk in Paris
8 January 2021

AXA XL has hired Caroline Tran for their Global Political Risk, Credit & Bond team based in Paris. She has the title of regional product leader fo...

Senior director Chang to leave Mizuho
8 January 2021

Senior director at Mizuho’s debt structuring and syndication group in Hong Kong, Monita Chang, is leaving her position at the Japanese bank. A r...

Viterra closes $300m Asian RCF
6 January 2021

Viterra, previously known as Glencore Agri, reached financial close on its one-year $300 million revolver on 16 December 2020. The deal marks the comp...

Milbank promotes two to partner
6 January 2021

Milbank has promoted Chris Taufatofua, who joined the law firm in 2012 as an associate, and NY-based Aaron Stine who held the position of associate at...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 Société Générale 5670m 50 6.5%
2 ING Bank 5308m 61 6.1%
3 JP Morgan 4857m 11 5.6%
4 BNP Paribas 4781m 39 5.5%
5 MUFG Bank 3878m 30 4.5%
6 Crédit Agricole CIB 3702m 31 4.3%
7 Natixis 3386m 41 3.9%
8 Sumitomo Mitsui Banking Corporation (SMBC) 3261m 24 3.8%
9 Mizuho 3148m 24 3.6%
10 Rabobank 3096m 40 3.6%

TXF Podcast

Song of the day

Jonathan Richman and The Modern Lovers
Egyptian Reggae
Listen on TXFunky