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23 May 2016
in
Infrastructure, Oil & gas, Transport

OW Bunker ruling: a boon for commodity trade finance

In an example of the legal difficulties thrown up by large-scale insolvencies in the trade and shipping sector, the OW Bunker case has yielded a difficult but necessary...

17 May 2016

Why are banks still steering clear of Iran? Q&A with Matthew Oresman

The lifting of Iranian sanctions following the country’s nuclear deal with the US heralded a wave of transactions and many predicted a gold rush.Global payment processor...

13 May 2016

Building the blockchain: Q&A with R3CEV, the bank consortium and research lab exploring the future of trade finance

Blockchain research banking consortium R3CEV is a focal point for the exploration of distributed ledger technology and its potential applications to trade finance. Its...

11 May 2016
in
Oil & gas

Puma Energy attracts new banks to $800 million RCF

Puma Energy, the international oil company, has closed a new revolving credit facility and extended previous facilities, showing it retains the confidence of lenders in a...

10 May 2016

Mind the gap: WTO warns of trade finance deficit

Demand for trade finance exceeds supply by around $1.4 trillion, a new report by the World Trade Organisation warns. The knock-on effects of this gap on global trade and...

09 May 2016

Export credits: Private insurers step out of the shadows

With their huge capacity and state backing, ECAs for many years dominated the market for absorbing risk on longer-dated export credits. That’s changed, say private...

06 May 2016

Why are banks withdrawing from correspondent banking?

Banks are continuing to withdraw from many of their correspondent banking relationships - a process which threatens global trade, especially in poorer countries. TXF...

03 May 2016

What does the future of trade hold?

Digitalisation is essential for companies looking to enter global trade, a new report finds. Trade stands to make huge efficiency and cost gains from digitalisation, and...

02 May 2016

“The end of an era”: Bernard Zonneveld to leave ING for pastures new

Bernard Zonneveld, global head of structured metals and energy finance, is leaving ING Bank after a 22-year career building the bank’s commodities finance operation.

27 April 2016
in
Oil & gas

BEST ENERGY FINANCE DEAL OF THE YEAR: Gazprom Marketing & Trading secures RCF and looks East in difficult sanctions context

Gazprom Marketing & Trading the trading arm of Russian gas producer Gazprom, broke new ground in its expanded $500 million RCF, with a debut Asian tranche indicating the...

22 April 2016

BEST ASIA-PACIFIC COMMODITY FINANCE DEAL OF THE YEAR: Chinese copper shines bright with Dongying Fangyuan

Chinese copper major Dongying Fangyuan took home TXF’s Best Asia-Pacific Commodities Deal of the Year 2015 with a $145 million pre-financing expanding its lender pool and...

22 April 2016

Did Abengoa’s overly complex SCF programmes contribute to its downfall?

Spanish renewable energy company Abengoa's fall from grace to near bankruptcy reveals concerns about the firm’s indulgence in overly complex supply chain finance...

21 April 2016

MOST INNOVATIVE TRADE / COMMODITY FINANCE DEAL OF THE YEAR: L1 Energy taps $2.3bn RBL for Dea acquisition

Winning TXF’s Most Innovative Trade / Commodity Finance Deal of the Year 2015 award, L1 Energy’s $2.3 billion seven-year senior

20 April 2016

Commodity insurers enter new territory

Helen Castell asks brokers and insurers what’s next for the industry and whether developing unconventional new products is essential for insurers’ survival or a dangerous...

20 April 2016
in
Metals and Mining

BEST COMMODITY WORKING CAPITAL DEAL OF THE YEAR: Trafigura secures world’s largest metals borrowing base

Trafigura showcased traders’ ability to gain in volatile markets, as it secured its flagship $2 billion refined metals borrowing base with 16 banks.

19 April 2016

SACE’s Castellano looks forward to the capital markets

In a typically frank discussion with Jonathan Bell, SACE CEO Alessandro Castellano outlines his vision for the development of a pan-European capital markets base as an...

18 April 2016

BEST COMMODITY FINANCE DEAL OF THE YEAR: Castleton taps massive borrowing base for Morgan Stanley oil business acquisition

Global commodities trader Castleton Commodities International tapped 25 banks for a borrowing base and revolving credit facility totalling $3.75 billion, to finance its...

15 April 2016

Crown Agents Bank interview: Helios acquisition expands Africa-focused bank

Richard Jones, CEO of Crown Agents Bank, speaks to TXF about its recent acquisition by Helios and what it means for the expansion of the bank's activities.

11 April 2016

Fintech: a bubble about to burst?

Leading fintech directors and analysts at a roundtable last week said the fintech space is a bubble and a shake-out is to be expected.

08 April 2016

Lesotho to expand diamond industry amid global downturn in the precious stone

Diamonds may be forever, but they are as vulnerable as the next commodity to a global downturn. Diamond miners had a rough year in 2015, although they still outperformed...