TXF in depth

LCs: An outdated concept?
LCs: An outdated concept?
Helen Castell
17 November 2017

The shift to open account trade continues to raise question marks over the future and relevance of traditional letters of credit (LCs).

Don't believe the hype
Don't believe the hype
Eavie Burnett
30 October 2017

Initial coin offerings (ICOs) are being peddled as a prospective alternative source of funding in the trade finance space. But without regulation are they ever really going to be a major piece of the global trade funding mix?

Oramah: Making Africa great again
Oramah: Making Africa great again
Oliver O'Connell
25 October 2017

In a recent speech, Dr Benedict Oramah, president of the African Export-Import Bank (Afreximbank), outlined plans to seize upon continental political will, reverse-engineer the legacy of colonialism, and promote intra-African trade and integration.

TXF in brief

China Tian Lun Gas raises working capital
1 December 2017

China Tian Lun Gas Holdings has signed a HK$1.25 billion ($160 million) five-year loan for refinancing and working capital. The deal comes with guaran...

Van Robais moves to Coface
30 November 2017

Baudoin van Robais, formerly head of project and export finance at Alstom and GE, has become head of single risk underwriting at Coface. Van Robais...

Afreximbank ups Samurai debut
17 November 2017

Afreximbank has activated the accordion option on its debut $100 million-equivalent Samurai loan signed in March. The deal is being upped to $150 mill...

Perfect 10 Deals of the Year 2017 - open for submissions now
16 November 2017

TXF is open for submissions for its Perfect 10 Deal of the Year Awards 2017. Our awards are based on votes by the market via our electronic voting ...

Noatum Maritime refinances terminals debt
14 November 2017

Spanish ro-ro and bulk port operator Noatum Maritime has refinanced €91 million ($107 million) of debt backing its terminals in Barcelona, Malaga...

TXF Data

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Commodity Trade Finance MLA Full year 2016

Bank USDm No %
1 Société Générale 8711m 54 7.9%
2 Mitsubishi UFJ Financial Group (MUFG) 6958m 30 6.3%
3 ING Bank 6253m 58 5.6%
4 Natixis 5877m 48 5.3%
5 ABN AMRO 5755m 38 5.2%
6 Rabobank 5215m 39 4.7%
7 Deutsche Bank 4776m 25 4.3%
8 HSBC 4758m 27 4.3%
9 UniCredit 4609m 34 4.2%
10 BNP Paribas 3902m 29 3.5%


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