TXF Americas 2020
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
From modernising the OECD consensus, creating an international exporters' forum to linking deal margin grids to borrowers sustainable development goals, there were a number of exciting takeaways from two days of forward thinking debate at TXF Global in Prague last week.
Trade finance as an asset class is set for growth in the near term, according to 78% of respondents in a survey of investment professionals carried out by TXF in association with EFA Group. Download our most comprehensive measure of investor appetite to date.
For sale: Investible asset. Self-liquidating with low default and loss rate. Contributor to real economy businesses. Short term maturities available. It’s a compelling sales pitch that, for the first time, is beginning to push trade finance from niche to mainstream asset class for funds and investors.
Hundreds of market leading organisations have confirmed their attendance at the most spectacular event of the year for project, infrastructure, export and agency finance.
A new partnership between global electronic invoice financier Tungsten Network Finance and supply chain finance (SCF) expert Orbian promises to benefit clients on both sides of the equation. In this webinar, TXF aims to find out more about the partnership.
The TXF clock is tickin' - which companies have already confirmed their attendance at the hottest trade and commodity finance show of the year?
TXF is hosting a free supply chain finance webinar today. The webinar looks at Tungsten’s partnership with Orbian that will allow the e-invoicing company to offer early payment funding solutions to large corporates on its electronic platform. Click here to register: http://view6.workcast.net/register?cpak=2756764262786720
Hesham Zakai, TXF’s head of content, picks his favourite trade & supply chain finance stories of 2016.
Last month TXF was delighted to welcome a host of international trade, export and project finance experts to its inaugural Middle East conference. The forum discussed and debated the trade and investment landscape across the region, from changes in debt levels and new forms of financing to geopolitical challenges and exciting frontier markets. Here are some of the key "takeaway" points from the event.
Those of you unfamiliar with the annual jamboree which is the wonderful SIbos – the world’s largest financial conference/exhibition – will possibly be oblivious to the scale and intensity of the event, and its impact and influence in the short-term trade, FI and fintech community.
Gerry Gannon is the global head of trade finance at Westpac, the bank that he has been with for over three decades. TXF’s associate director, Hesham Zakai, spoke with Gerry to get his views on today’s market, from the levels of liquidity to promising new trade routes.
In the heart of London – a city at the forefront of global fintech innovation – TXF’s Hesham Zakai sat down with a group of experts at a BNY Mellon-hosted roundtable to discuss how the landscape is unfolding, the impact of fintech on the more “traditionally renowned” trade sector, and how banks are responding to the surge of new technology meisters entering the finance space.
The 29th annual World Traders’ Tacitus Lecture was delivered this year by the former Deputy Governor of the Bank of England, Sir Paul Tucker, on ‘a new international monetary system in a new world order’. TXF was granted access to the event’s subsequent debate, chaired by Lord Clement-Jones CBE, which focused on the question of whether international monetary policy and global foreign policy should be inextricably linked.
As corporates turn in greater number to supply chain finance to optimise their working capital, the best practice on this vital treasury tool continues to grow. Doug Schoch, a Vice President at Siemens in North America, one of the early-adopters of SCF, shares with TXF his top 10 tips for executing a successful SCF programme.
In a wide-ranging interview, Citi’s global head of trade, John Ahearn, talks to TXF’s Hesham Zakai about challenging pricing in the market; why 2015 was the riskiest year seen to date; the danger of killing the golden geese of supply chain finance and securitisation; the appeal of blockchain technology; and the industry’s ongoing battle for a fair understanding and treatment of trade finance.
2016 is set to be a year of change. Trade sanctions on Iran have been suspended; those on Russia, on the contrary, have been extended for another six months. Compliance regulations are more stringent than ever, limiting banks’ ability to trade. Geoff Wynne, partner at law firm Sullivan & Worcester, gives TXF’s Hesham Zakai a few words of advice about how to navigate the complex legal landscape of trade in 2016.
Below are the 10 people moves that defined the trade and supply chain world in 2015. We have listed the 10 biggest trade and supply chain market moves that we considered to be the most significant in 2015. Disagree with our list? Add your own suggestions below in the comments section!
Singapore based aircraft lessor, Transportation Partners, has issued a $143.7 million bond guaranteed by French export credit agency (ECA) Coface to refinance 10 ATR turboprop aircraft. The 10-year, floating-rate, bond represents the first Coface-backed bond for an ATR aircraft, as well as the first Coface bond to be privately placed
Commerzbank’s head of structured commodity trade finance (SCTF) Mario Messerschmidt has brought to an end his fifteen-year tenure at the bank, announcing his departure effective on December 31.
In a wide-ranging interview with TXF’s Hesham Zakai, Henry Balani talks about the responsibilities facing banks; unintended consequences engendered by regulation, including the impact on correspondent banking; his hopes for improvements to bank processes in the emerging world; and how the ‘new normal’ is an opportunity for all banks to distinguish themselves in a competitive marketplace.
The International Chamber of Commerce (ICC) and IE Singapore have collaborated to launch the ICC Academy, which aims to provide “rigorous and relevant” business education to professionals and students alike – starting with a faculty in trade finance. TXF spoke with John Danilovich (JD), Secretary General of ICC, and Teo Eng Cheong (TEC), CEO of International Enterprise (IE) Singapore, to find out more about the origins of their collaboration, and the prospects of the ICC Academy.
Using a rich data set gathered by Orbian over several years, academics from IML and the European Business School have researched the ways in which companies use Supply Chain Finance (SCF).
Small and medium-sized enterprises (SMEs) are among the hardest-hit by the trade finance gap – accounting for more than half of all rejected transactions, according to the International Chamber of Commerce (ICC) Banking Commission’s 2015 Global Survey.
TXF’s Hesham Zakai ventures into the brave – but not so new – world of supply chain finance vendors and their respective offerings.
Hesham Zakai analyses the TXF-ICC Export Finance Global Survey 2015, which polled a range of export finance professionals, and compares the results with those from last year.
This week, ICC Austria has been hosting its 10th annual Trade Finance Week. TXF spoke to Andrea Hauptmann, head of guarantees at Raiffeisen Bank International (RBI) and one of the key figures behind the conference, in Vienna today.
BEST EUROPEAN/EURASIAN COMMODITIES FINANCE DEAL OF THE YEAR Hesham Zakai discovers why simplicity was the best policy for Aegean Marine Petroleum’s new borrowing base facility.
BEST ENERGY FINANCE DEAL OF THE YEAR Hesham Zakai reviews how government support, a winning international alliance and strategic timing have combined in this EGPC deal to put Egypt back on the global investment map.
BEST ASIA-PACIFIC COMMODITIES FINANCE DEAL OF THE YEAR Hesham Zakai praises a Noble Agri revolving credit facility that can have a signiﬁcant impact on the agri landscape.
An overhaul of the ICC’s Docdex dispute resolution mechanism that will speed up, streamline and make more transparent the process has been launched at the ICC Banking Commission Meeting in Singapore.
There is a general consensus within the banking industry that – as a concept at least – privileging short-term profitability over the long-term health of an institution is a recipe for future failure.
FIMBank group has recently announced its financial results for 2014, in which it posts a pre-tax loss of $53.43 million. This compares to a pre-tax loss of $6.4 million in 2013. The bank has also lost a number of senior personnel at the same time. Find out who, and much more, here. Despite this, the bank entitles its financial report for 2014 as “Positive outlook after high impact of impairments”.
The International Chamber of Commerce (ICC) Banking Commission is preparing for its annual meeting in Singapore, which will feature the launch of the eagerly-anticipated ICC Academy.