Search results

Show:
Results found: 157
Banks still best for supply chain finance
Banks still best for supply chain finance
Oliver Gordon
7 October 2015

Banks, rather than “thinly-capitalised” fintech providers, are still best placed to provide supply chain finance (SCF) programmes to corporate buyers, Citi’s EMEA supply chain finance head, Parvais Dalal, tells TXF.

EuroFinance '15: Supply chain finance – not always a win win win
EuroFinance '15: Supply chain finance – not always a win win win
Oliver Gordon
25 September 2015

The usual spiel given by the supply chain finance (SCF) salesman to the corporate buyer is that a SCF programme is a 'win, win, win' solution: a nifty, cutting-edge innovation that saves every party involved a whole load of time, hassle and – most importantly – money. Simple stuff, right? Not so, according a few treasurers who have implemented SCF programmes for large multinational buyers.

EuroFinance '15: Supply chain finance – not always a win win
EuroFinance '15: Supply chain finance – not always a win win
Oliver Gordon
25 September 2015

The usual spiel given by the supply chain finance (SCF) salesman to the corporate buyer is that a SCF programme is a 'win, win, win' solution: a nifty, cutting-edge innovation that saves every party involved a whole load of time, hassle and – most importantly – money. Simple stuff, right? Not so, according a few treasurers who have implemented SCF programmes for large multinational buyers.

EuroFinance '15: More UK SMEs looking to export, says Lloyds
EuroFinance '15: More UK SMEs looking to export, says Lloyds
Oliver Gordon
24 September 2015

More small and medium-sized enterprises (SMEs) are seeking to export their goods and services abroad following a government export push in recent years, a couple of senior Lloyds bankers tell TXF.

EuroFinance '15: Barroso expresses concern whether TTIP will happen
EuroFinance '15: Barroso expresses concern whether TTIP will happen
Oliver Gordon
23 September 2015

Former President of the European Commission, and one of the initial architects of the Transatlantic Trade and Investment Partnership (TTIP), José Manuel Barroso stated he was concerned that the proposed landmark trade agreement between the US and the EU may not be completed.

EuroFinance '15: Barroso expresses concern whether TTIP will happen
EuroFinance '15: Barroso expresses concern whether TTIP will happen
Oliver Gordon
23 September 2015

Former President of the European Commission, and one of the initial architects of the Transatlantic Trade and Investment Partnership (TTIP), José Manuel Barroso stated he was concerned that the proposed landmark trade agreement between the US and the EU may not be completed.

EuroFinance '15: Barroso expresses concern whether TTIP will happen
EuroFinance '15: Barroso expresses concern whether TTIP will happen
Oliver Gordon
23 September 2015

Former President of the European Commission, and one of the initial architects of the Transatlantic Trade and Investment Partnership (TTIP), José Manuel Barroso stated he was concerned that the proposed landmark trade agreement between the US and the EU may not be completed.

Basel III: where do we stand?
Basel III: where do we stand?
Oliver Gordon
17 September 2015

Oliver Gordon catches up with some leading figures to discuss whether trade finance is still being unfairly penalised under the Basel III framework.

A sea change in trade finance
A sea change in trade finance
Oliver Gordon
16 September 2015

At a time when digitisation, regulation and new liquidity are on the rise, Hesham Zakai explores how these factors are changing the trade-finance landscape.

A sea change in trade finance
A sea change in trade finance
Oliver Gordon
16 September 2015

At a time when digitisation, regulation and new liquidity are on the rise, Hesham Zakai explores how these factors are changing the trade-finance landscape.

Commodity finance failing to deliver
Commodity finance failing to deliver
Oliver Gordon
10 September 2015

A funding crisis is developing in the commodities market as producers and traders, particularly of the small and mid-sized variety, struggle to access the type and volume of finance they were able to ten years ago, according to a new trade-finance report from international law firm Clyde & Co.

SACE tops ECA table, as big-hitters see slowdown
SACE tops ECA table, as big-hitters see slowdown
Oliver Gordon
20 August 2015

In a development that might raise a few eyebrows in the export finance world, Italian export credit agency (ECA) SACE has topped the ECA export finance table in the first half of the year – according to TXF’s H1 Export Finance Report.

Sovereign financings see Middle East reign in export finance
Sovereign financings see Middle East reign in export finance
Oliver Gordon
18 August 2015

The Middle East was the top destination for export finance in the first half of the year, surging 18% year-on-year – TXF’s H1 Export Finance Report revealed this week.

Breaking down barriers
Breaking down barriers
Oliver Gordon
17 August 2015

Global trade growth built up expectations with a healthy recovery following the crisis, but it has since relapsed to a snail-like pace of advancement. Despite their subdued growth rates, advanced economies have sustained flows through their demand for imports. But if HSBC’s latest trade report is anything to go by, trade is set for a comeback in the medium to long-term.

Transport trumps energy for export finance
Transport trumps energy for export finance
Oliver Gordon
17 August 2015

Transport has wrestled energy off its throne as the leading sector for export finance in the first half of 2015 – TXF’s H1 Export Finance Report revealed this week.

Export finance market declines on project and aviation finance slump
Export finance market declines on project and aviation finance slump
Oliver Gordon
14 August 2015

Export finance volumes in the first half of 2015 have tumbled by 28% year-on-year, and by 35% compared to the second half of last year, TXF’s H1 Export Finance Report revealed this week. The reduction in large project and aviation finance deals has been cited as a key reason for the market drop-off.

EBRD boosts Egyptian trade with QNB Al Ahli facility
EBRD boosts Egyptian trade with QNB Al Ahli facility
Oliver Gordon
4 August 2015

The European Bank for Reconstruction and Development (EBRD) has provided a $40 million trade finance facility to Egypt’s fourth largest commercial bank, QNB Al Ahli, in a bid to boost the country’s trade prospects.

Barclays, Sinosure team for $828m Zambian project financing
Barclays, Sinosure team for $828m Zambian project financing
Oliver Gordon
30 July 2015

Barclays has collaborated with Chinese export credit agency (ECA) Sinosure to arrange $828 million in overall project financing for Zambia’s Maamba Collieries. The facility will fund the construction of two 150 megawatt (MW) coal fired power plants at the Maamba coal mine in the southern African country, along with a new transmission line to connect the stations to the national grid.

OECD transparency regulation to prove taxing for big traders
OECD transparency regulation to prove taxing for big traders
Oliver Gordon
30 July 2015

If prizes were being dished out for corporate success since the turn of the millennium, the big commodity trading houses would be right up there at the front of the queue. In the last five years alone, the sector’s biggest players – Glencore, Vitol, Trafigura and Cargill – have doubled their combined annual revenues, which now stand on the verge of $1 trillion.

SBM Offshore turns to ECAs for $1.55bn Brazilian FPSO financing
SBM Offshore turns to ECAs for $1.55bn Brazilian FPSO financing
Oliver Gordon
30 July 2015

SBM Offshore, a Dutch supplier of floating production and mooring systems, has completed a $1.55 billion export credit agency (ECA)-backed project financing to finance the Cidade de Saquaremo floating production, storage and offloading vessel (FPSO) in Brazil.

Akbank AG squeezes relationship banks on new refi
Akbank AG squeezes relationship banks on new refi
Oliver Gordon
23 July 2015

Akbank AG, the Frankfurt-based subsidiary of Turkey’s Akbank, today announced the closure of a $205 million-equivalent, dual-currency club loan. The one-year refinancing facility was signed with a 10 basis point (bp) over Libor reduction on its predecessor, and with seven more banks involved in the syndication.

EKF and KfW IPEX-Bank team for second Uruguayan wind farm
EKF and KfW IPEX-Bank team for second Uruguayan wind farm
Oliver Gordon
22 July 2015

KfW IPEX-Bank, the international export and project financier, has collaborated with Danish export credit agency Eksport Kredit Fonden (EKF) to provide senior-debt financing for the 50 megawatt (MW) Florida II wind farm project in Uruguay.

A multilateral view of trade finance
A multilateral view of trade finance
Oliver Gordon
13 July 2015

With multilateral finance institutions and development banks becoming increasingly prominent figures in the world of trade finance, Ollie Gordon caught up with the EIB’s Guido Clary to find out how the bank’s trade finance programme is coming along.

Sarulla: unearthing Indonesia's geothermal potential
Sarulla: unearthing Indonesia's geothermal potential
Oliver Gordon
13 July 2015

MOST INNOVATIVE ECA/PROJECT FINANCE DEAL OF THE YEAR Ollie Gordon examines Indonesia's Sarulla Geothermal Power Plant project financing, which charts new territory for the country's power sector development.

Cracking the Turkmen code
Cracking the Turkmen code
Oliver Gordon
7 July 2015

BEST EUROPEAN/EURASIAN ECA FINANCE DEAL OF THE YEAR Dalia Gebrial looks at how this ECA-backed financing will lead to the transformation of the Turkmenistan petrochemicals sector.

Cracking the Turkmen code
Cracking the Turkmen code
Oliver Gordon
7 July 2015

BEST EUROPEAN/EURASIAN ECA FINANCE DEAL OF THE YEAR Dalia Gebrial looks at how this ECA-backed financing will lead to the transformation of the Turkmenistan petrochemicals sector.

Banks need to make supply chain finance more ‘user-friendly’
Banks need to make supply chain finance more ‘user-friendly’
Oliver Gordon
18 June 2015

Despite the rising popularity of supply chain finance (SCF) around the globe, banks are not making their programmes easier enough for customers to implement and are consequently losing market share to their non-bank competitors, SEB’s head of working capital management and deputy head of transaction banking Paula Da Silva tells TXF.

UKEF and Falcon partner for British exports
UKEF and Falcon partner for British exports
Oliver Gordon
16 June 2015

Specialist trade and corporate financier Falcon Group has signed a memorandum of understanding with British export credit agency (ECA) UK Export Finance (UKEF) with the aim of boosting British exports. In light of the UK government’s target to double exports to £1 trillion by 2020, the partnership will facilitate easier access to finance for British exporters.

Article 194 opinion on the BAFT Master Participation agreement
Article 194 opinion on the BAFT Master Participation agreement
Oliver Gordon
15 June 2015

A video presentation of Sullivan & Worcester's Article 194 opinion on the BAFT Master Participation agreement

All hail… the TXF Best in Class
All hail… the TXF Best in Class
Oliver Gordon
12 June 2015

June is a month that is always jam-packed with highly-publicised sporting accomplishments. With leagues and tournaments of every variety coming to a climatic end in the month, news feeds from Hong Kong to New York are always inundated with extravagant – if only occasionally merited – eulogies on the triumphs of a fleetingly-victorious team or sportsman.

Jumping hurdles: Sprint’s ECA trifecta
Jumping hurdles: Sprint’s ECA trifecta
Oliver Gordon
29 May 2015

BEST AMERICAS ECA FINANCE DEAL OF THE YEAR Ollie Gordon assesses the structuring that was required to deliver success for the Sprint telecoms financing in the US.

ERC: connecting Ethiopia with a benchmark financing
ERC: connecting Ethiopia with a benchmark financing
Oliver Gordon
28 May 2015

BEST AFRICAN ECA FINANCE DEAL OF THE YEAR Ollie Gordon examines the details of ERC’s Awash-Weldia/Hara Gebeya Railway project in Ethiopia.

KIPP: truly out of Africa
KIPP: truly out of Africa
Oliver Gordon
28 May 2015

BEST DFI DEAL OF THE YEAR Ollie Gordon discovers how agencies and banks worked together to develop the unique financing structure for the KIPP power plant financing in Ghana.

Burgos: ethical financing ... on the run
Burgos: ethical financing ... on the run
Oliver Gordon
28 May 2015

BEST ECA-BACKED GREEN DEAL OF THE YEAR Ollie Gordon reviews the financing arrangements for the Burgos Wind Farm project financing in the Philippines.

Time to take Africa’s lead
Time to take Africa’s lead
Oliver Gordon
28 May 2015

Last year’s multi-billion rand locomotive order by South Africa’s Transnet set a new standard for localisation requirements in African development projects. However, Ollie Gordon finds out why its related ECA financing is begging new questions of the OECD consensus guidelines.

Right place, right time
Right place, right time
Oliver Gordon
28 May 2015

Despite a sluggish outlook for Latin American regional growth over 2015, BBVA’s Carlos Herrera and Sandra Nolasco tell Ollie Gordon how the resilient performance of the Pacific Alliance countries has given the bank a reason to be cheerful.

Right place, right time
Right place, right time
Oliver Gordon
28 May 2015

Despite a sluggish outlook for Latin American regional growth over 2015, BBVA’s Carlos Herrera and Sandra Nolasco tell Ollie Gordon how the resilient performance of the Pacific Alliance countries has given the bank a reason to be cheerful.

TAG’s top 5 dealmakers
TAG’s top 5 dealmakers
Oliver Gordon
28 May 2015

TXF recently caught up with the five most prolific dealmakers on tagmydeals (TAG) to find out a little bit about them, their favourite deals from 2014, and their outlooks for 2015. These top taggers cover a broad spectrum of trade financing industries – including export finance, structured commodity finance and project finance – and provide crucial, on-the-ground insight into what the market looks like from the perspective of those getting their hands dirty putting the deals together.

Introducing… the TXF Chronicle
Introducing… the TXF Chronicle
Oliver Gordon
26 May 2015

As with any given seven-day period in the modern age of news reportage, last week was chock-a-block full of current affairs shockers, geopolitical wranglings, cyclical sporting accomplishments and surprisingly changeable weather patterns. However, the news on everyone’s lips was surely the long-anticipated launch of the TXF Chronicle…

BBVA welcomes new head of global trade finance
BBVA welcomes new head of global trade finance
Oliver Gordon
14 May 2015

Spanish bank BBVA has appointed Francisco Javier Fernández de Trocóniz as its new head of global trade finance & international financial institutions, replacing the outgoing Nick Shaw.

Democrats mobilise to force vote on US Ex-Im reauthorisation
Democrats mobilise to force vote on US Ex-Im reauthorisation
Oliver Gordon
30 April 2015

The US’ House of Democrats today set in motion a process to bypass the House Republican leadership that would force a vote on legislation to the extend the charter of the country’s export credit agency, the Export-Import Bank of the United States (US Ex-Im). The move comes with just 26 legislative days left until the bank is due to shut down on 30 June.

Schmand to take helm at ICC Banking Commission
Schmand to take helm at ICC Banking Commission
Oliver Gordon
22 April 2015

The International Chamber of Commerce, the world’s largest business organisation, has today named Deutsche Bank’s Daniel Schmand as the new chair of its Banking Commission.

Investment firms provide shot in the arm for PrimeRevenue
Investment firms provide shot in the arm for PrimeRevenue
Oliver Gordon
16 April 2015

PrimeRevenue, the provider of SaaS-based working capital finance solutions, has completed a $80 million financing round co-led by BBH Capital Partners, a private equity firm sponsored by Brown Brothers Harriman & Co, and global investment firm Battery Ventures.

NAB debuts Bolero ePresentation into India
NAB debuts Bolero ePresentation into India
Oliver Gordon
16 April 2015

National Australia Bank has inaugurated the world’s first electronic presentation of documents (ePresentation) into India sent over Bolero’s digital trade finance network.

GE to offload most of GE Capital as regulations hit home
GE to offload most of GE Capital as regulations hit home
Oliver Gordon
14 April 2015

US multinational conglomerate General Electric (GE) has announced it will sell off the bulk of assets in its sprawling financial arm GE Capital by 2018, as it looks to focus on its core industrial businesses. The move comes as GE Capital’s performance has faltered in recent years, with the company struggling under the weight of the increased regulatory scrutiny coming out of the financial crisis.

Uralkali set to defy odds with PXF by month’s end
Uralkali set to defy odds with PXF by month’s end
Oliver Gordon
9 April 2015

Russian potash producer Uralkali looks set to wrap up a new pre-export finance (PXF) facility by the end of April, TXF has learnt.

SocGen, US Ex-Im team up for Cameroon water project
SocGen, US Ex-Im team up for Cameroon water project
Oliver Gordon
2 April 2015

French bank Société Générale (SocGen) has joined forces with the Export-Import Bank of the United States (US Ex-Im) to finance the development of an emergency water treatment project in the Cameroonian city of Yaoundé, TXF has learnt.

ICC/TXF launch Export Finance Global Survey 2015
ICC/TXF launch Export Finance Global Survey 2015
Oliver Gordon
31 March 2015

Following on from the success of the 2014 debut Export Finance Global Survey, TXF and International Chamber of Commerce (ICC) have teamed up once more to produce the latest new edition of the study. The results will be incorporated into the ICC’s wider Global Survey on Trade Finance 2015.

Update: Emirates set to close UKEF-backed sukuk
Update: Emirates set to close UKEF-backed sukuk
Oliver Gordon
30 March 2015

Emirates, the Dubai-based airline, is set to wrap up its much-anticipated sukuk guaranteed by British export credit agency (ECA) UK Export Finance (UKEF), after successfully pricing the $913 million ten-year Islamic bond.

Eyres takes reins of UKEF’s direct lending facility
Eyres takes reins of UKEF’s direct lending facility
Oliver Gordon
24 March 2015

British export credit agency (ECA) UK Export Finance (UKEF) today confirmed the appointment of export finance grandee Margaret Eyres to the newly-created role of head of direct lending.