TXF China 2019
TXF China brings an exclusive group of senior structured finance professionals together in Shanghai for a day of collaborative discussion of regional opportunities and productive network building.
The International Trade and Forfaiting Association (ITFA), formerly the International Forfaiting Association (IFA), has undergone an ambitious revamp focused on playing a bigger role in a changing market landscape and building a more viable structure for the future.
As the standstill over the future of the Export-Import Bank of the United States (US Ex-Im) continues, it is worth exploring who benefits and who loses in the event of US Ex-Im not being reauthorised.
UK-headquartered Standard Chartered bank (StanChart) has appointed former Citi employee Karin Flinspach as its new head of cash products for transaction banking.
With an immense amount of financing required in African agriculture, bank financing alone – at least in the current climate – is insufficient. The same was true of Brazil and the agricultural sector in the early nineties, paving the way for the introduction of the capital markets into the commodities sphere there.
It is no exaggeration to state that the Export-Import Bank of the United States (Ex-Im) is in the midst of its most difficult reauthorisation battle yet. Indeed, so heavily has opposition to the bank’s activities grown amongst conservative lawmakers in the US, that it would be reasonable to state that the current battle is a genuinely existential one.
The Nordic Investment Bank (NIB) has agreed a €50 million ($67 million) loan for the Lithuanian electricity transmission system operator Litgrid. The funds, which have a 10-year maturity, will be used to construct an electricity transmission line between Lithuania and Poland.
The American accounts receivable securitisation services company Finacity has facilitated a series of European trade receivable funding solutions for Spain’s Uralita, amounting to €26 million ($35 million).
Sri Lanka and Uzbekistan have each received a $300 million loan from the Asian Development Bank (ADB) dedicated to energy projects.
The number of Agricultural Investment Funds (AIFs) has increased significantly over the past decade, alongside an increase in the world’s population and food demand. Africa has been the chief beneficiary of this trajectory with 40% of AIFs established having an African geographic focus.
When considering challenges faced by farmers in the Caribbean – of which there are many – it is important to appreciate first the breadth of the region, says Niko Kluyver, general manager at FactorPlus.
With the vast ocean of financing required in African agriculture, banks alone – at least in the current climate – are insufficient. The same was true of Brazil and the agricultural sector in the early nineties, paving the way for the introduction of the capital markets into the commodities sphere there.
Key innovations and technologies are helping to drive change across Africa’s agricultural value chains, from mobile payment systems to centralised information registries.
Singaporean shipping company Pacific International Lines has utilised Bolero’s cloud platform technology for an electronic bill of lading (eBL) as part of a BHP Billiton shipment from Australia to China.
Global trade grew by 3.1% in 2013, in line with world GDP, although improvements across the globe were uneven and bore signs of deceleration, according to the latest data in the ICC’s Global Trade and Finance Survey 2014.
An aggressive ramping up of export credit activity by major ECAs and the increasing participation by non-OECD members in the financing space traditionally occupied by the Export-Import Bank of the United States (US Ex-Im) is threatening the country’s competitiveness on the world stage, according to a report by US Ex-Im.
Finacity has acted as advisor to CreditCircle, a peer-to-peer loans specialist, in a loan origination programme recently closed between CreditCircle and a regional bank in Utah.
Raiffeisen Factoring is to receive a €20 million ($27.2 million) loan from the European Bank for Reconstruction and Development (EBRD), which the company will use to provide financing in the form of factoring to small and medium-sized enterprises (SMEs) and corporate clients in Croatia, including in the less-developed regions of the country.
TXF conducted a survey of participants at the ECA/DFI Finance Conference in Paris earlier this month, for the second consecutive year. Here are the results.
The African Export-Import Bank (Afreximbank) is pushing the need for more factoring across Africa, stressing that the lack of factoring services is hindering small-to medium-size enterprise (SME) participation in Africa’s value chain.
HSBC veteran Stuart Tait has been selected to take over as head of the bank’s global trade and receivables finance (GTRF) division, replacing James Emmett. Emmett will take up the role of CEO Turkey.
Allianz Global Corporate & Specialty (AGCS) has expanded its London team with the appointed of Hayden Baker as senior financial institutions (FI) underwriter, regional unit London.
TXF talks to Kris van Broekhoven, Global Head of Commodity Trade Finance at Citi, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.
The Berne Union has appointed Kai Preugschat as its new secretary general, filling a gap at the head of the secretariat following Peter Jones’s retirement in November 2013.
JP Morgan has appointed Pravin Advani as its new global head of sales for global trade and loan products, effective May 1. He replaces David Conroy in the role, who left the bank to take up a position with a not-for-profit organisation in the US.
National Bank of Fujairah (NBF) has launched its structured trade commodity financing (STCF) programme, as a means to be a one-stop solution for the cross-border commodity trading requirements of companies across the UAE.