TXF in depth

Turk Exim: Reassembling the Turkish economy
Turk Exim: Reassembling the Turkish economy
Ross Crear
9 May 2019

TXF talks to Banu Erkok, manager at Turk Exim, to find out more about the Turkish ECA’s bid to stimulate the country’s crisis-stricken economy.

Sullivan: Covering debt for capital relief
Sullivan: Covering debt for capital relief
Ross Crear
8 May 2019

In the latest edition of law firm Sullivan's Trade Finance Breakfast Seminar, partner Marian Boyle and managing associate Hannah Fearn examine the use of insurance and guarantees by financial institutions as a tool for capital relief for exposures. However, certain guarantees carry specific risks and banks need be able to demonstrate their adequate risk management capabilities.

US-EXIM: Back in big business?
US-EXIM: Back in big business?
Max Thompson
8 May 2019

The US Senate is scheduled to vote today on the three nominees to serve on the board of US-EXIM. If the full quorum is confirmed as expected, will the dark cloud which has loomed over the agency for nearly four years finally clear and open up its stagnant $40 billion deal pipeline?

TXF in brief

More details on Jaguar Land Rover ECA financing
22 May 2019

Jaguar Land Rover (JLR) is in talks with two export credit agencies (ECAs) as it considers potential funding options for its Fiscal Year 2020 (which b...

AAA Oils & Fats out with amend and extend refi
21 May 2019

AAA Oils and Fats (AAAOF), a trading subsidiary of Singapore-based palm oil processor and distributor Apical Group, is self-arranging the refinancing ...

Jawa 3 IPP-PPA talks resume
20 May 2019

Preferred bidder for the 800MW Java 3 gas-fired independent power project (IPP) in Indonesia, Marubeni Corporation, has re-entered talks with state-ow...

Facility D IWPP expansion progresses
17 May 2019

The water purchase agreement (WPA) for the Umm al Houl Facility D IWPP expansion project in Qatar has been signed with Kahramaa. Mitsubishi and Tepco ...

BAPCO reaches full financial close
16 May 2019

State-run Bahrain Petroleum Company (Bapco) has reached full financial close on a 16-year $4.1 billion ECA-backed financing for the expansion of the S...

TXF Data

Commodity Trade Finance Lender H1 2019

Bank USDm No %
1 Societe Generale 2250m 13 7.8%
2 BNP Paribas 2160m 11 7.5%
3 ING Bank 2097m 12 7.3%
4 Citi 1918m 8 6.7%
5 Mizuho 1559m 6 5.4%
6 MUFG Bank 1485m 6 5.2%
7 ABN AMRO 1358m 7 4.7%
8 Natixis 1139m 12 4%
9 Commerzbank 1020m 2 3.6%
10 Bank of America Merrill Lynch (BAML) 929m 1 3.2%

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