TXF Asia 2019
A key event in the export, agency & project finance event calendar for senior and influential professionals working across the Asia-Pacific region. Networking and deal opportunities abound!
Amber Case is author of ‘Calm Technology’, a book about designing for your attention and designing better technology that works with and not against you, that makes good use of your attention. Katharine Morton sits back and chats with the ‘cyborg anthropologist’ about the wider applications of calm technology for finance and trade. Don’t race to digitise.
How do you draw together themes of protectionism, regulation and digitisation? Katharine Morton reflects on her travels of the past two weeks and suggests that, amid the recent hike in US tariffs to China, precautions are needed for turbulent times.
With the support of business technology and big data, the development of cross-border e-commerce has a promising future. Sinosure’s underwriters Chen Jichao and Zhou Huihan outline how the Chinese ECA is helping cross-border e-commerce sellers in an expanding global market.
Cyber security is not just an IT problem. It’s a business continuity one that can hit business and finance across the board. TXF’s Katharine Morton spoke to industry players about what it takes to survive a cyber attack in trade.
Turkish banks and corporates have a good reputation for using technology to improve trade process and efficiency. In a discussion hosted by BNY Mellon in Istanbul in July, and moderated by TXF, banks and corporates discuss how SWIFT gpi technology could help with trade and also how Bank Payment Obligations (BPOs) – which Turkey was an early adopter – could be best used, if it isn’t overlooked.
What does the new trade deal, agreed in principle between the US and Mexico, spell out in the finer detail, and what implications could it have for other trade spats and trade wars that the US has recently instigated? Jonathan Bell takes a closer look and reviews The Week That Was at TXF
From new rules for sovereign risk exposures to leverage ratio requirements, Henri d’Ambrières, head of advisory services in trade, export and project finance at HDA Conseil, outlines the potential impact of Basel III on provisions linked to export credits.
The Turkish economy has been overheating. Mounting external debt and the mismanagement of the economy has caused the Turkish Lira to plummet against the US dollar and delivered a serious downgrade in its credit rating. Jonathan Bell examines the consequences of the collapse and what impact this could have on you, as well as what this may mean for other emerging markets and their borrowings, plus his regular look back on the week that was at TXF.
With the United States' first wave of economic sanctions on Iran already having a heavy impact on the Iranian economy, Jonathan Bell looks at how this will also affect the country’s relations with major international companies and trading partners.... as well as a look back at "the week that was"
In an uncertain and fast-changing trade environment, the challenge for big banks is to be able to adapt quickly to new market realities, while also staying at the forefront of new technologies. Lisa Robins, who moved from Deutsche Bank to Standard Chartered Bank in February to take over as head of transaction banking, discusses the hurdles and opportunities in trade and the developing tech supporting it.
Last week's announcement that China plans to impose tariffs on up to $60 billion worth of US goods points to a heating up of the trade war between the two countries. Jonathan Bell takes a closer look at the worsening situation and The Week That Was...
This week's edition of The Week That Was focuses on recent problems being caused by resource nationalism in Africa's mining sector
Blockchain solution provider Arkratos has developed a commodity ecosystem which is based on blockchain and smart contract technology. And, Ashish Srivastava, vice president at Arkratos, claims early adopters of their platform are already starting to reap the benefits
Mustafa Kilic, CFO at Groupe SEB Turkey explains how a strategy of maximising local inputs can help manage currency risk through natural hedges, and even help guard against the burgeoning trade wars.
Marianna Polykrati is group treasurer of Chipita SA, which is a Greek multinational snacks provider headquartered in the aptly named town of Metamorphosis, north of Athens, Greece. She sat down and discussed the challenges of change with TXF’s Katharine Morton in the first in a series of interviews on how global corporates deal with trade, treasury and risk in a complex world.
Despite the fast global growth in the international green bond market, Latin America has only recently started to adopt the trend. The region’s infrastructure and investment needs present a major opportunity for green bond growth, but a lot of groundwork is still needed to gets investors comfortable.
The ICC has established a working group aimed at fostering a greater sustainable development agenda in export finance. Is it just tinkering? And does it have any chance of making real change?
TXF’s Katharine Morton caught up with Daniel Schmand, chair of the ICC Banking Commission and global head of trade finance at Deutsche Bank, at the ICC Annual Meeting in Miami to talk about his outlook for trade and trade finance, and how non-financial risk in trade should be measured before making bold statements about how risky trade finance is.
As a growing number of blockchain initiatives start live testing, albeit in controlled environments, trade tech is moving to an even more confusing level – a plethora of rival product claims backed by proofs of concept. Choice of tech and provider is about to get even more complicated.
PricewaterhouseCoopers (PwC) recently launched a new advisory practice – the ECA Advisory Practice for Capital Projects – aimed at helping export credit agencies deal with increasingly complex capital projects. Co-heads of the new team – Heiko Lentge and Alexander Wuermeling – outline the benefit to ECAs of their new approach.
The TXF commodity finance report has revealed a year-on-year rise in global volumes from 2016. With Middle Eastern traders turning up the heat, Russian producers looking beyond structured trade, and a decline in the usage of PXFs, the findings will surprise.
TXF has released its Global export finance results for 2017 and of the many unexpected results the major one is an almost complete change in the top five commercial lenders to ECA supported debt into emerging markets. Of the 2016 top five, only SMBC has retained its ranking.
Brian Edmondson, global head of trade and working capital finance at Finastra, outlines how government initiatives, a drive to digitise and a new spirit of collaboration among banks, fintechs and platform providers are slowly helping trade finance reach the ‘long tail’ of SMEs.
Although the majority of banks believe fintech will cut their compliance costs and improve their ability to risk-assess SMEs, the proportion of small businesses being rejected for trade finance continues to rise. What do fintechs and traditional trade financiers need to focus on to get money flowing to SMEs?
With few exceptions, US travellers have little love for inter-city rail travel. Having pulled off a $600 million non-investment grade PAB issue for its Brightline private railroad project, can hedge fund Fortress get the necessary passenger volume to meet investor expectations?
In a recent report to mark 20 years of Zurich’s Credit and Political Risk programme, the insurer revealed that some $934 million in claims have been paid to business customers. Oliver O’Connell spoke with David Anderson, managing director at Zurich Credit & Political Risk, about trends in claims payments and why publishing claims payment data is so important to the market.
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?
Iran still has a long way to go before its economy is fully back in the international trade arena.
The credit insurance industry needs to break into new geographic markets and adopt new technology to keep pace with changing regulation and stay cost competitive.
The export credit and investment insurance industry is in a healthy state. But there are a number of risks that could change this benign situation.