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.
On the sidelines of TXF's Export, Agency and Project Finance conference in Rome, Max Thompson caught up with the CEO of Seaborn Network, Larry Schwartz, to find out more about the first ever ECA-backed subsea cable.
At the beginning of 2016, the TXF-ICC Global Survey on Export Finance was carried out among more than 100 export financiers, ECAs, exporters and borrowers. TXF digest the data and analyse how challenges posed in 2015 have affected the export finance community.
The gap in funding for SMEs worldwide is a growing concern for the trade finance community and the international financial institutions regulating trade. Marc Auboin from the World Trade Organisation (WTO) and Alexander Malaket of OPUS Advisory Services outline the recent research and discussions around the problem and how to address it.
The total number of ECA deals taking place in the first quarter of 2016 has more than halved compared to Q1 of 2015, while deal volume is down 12%. TXF's Q1 data clearly reveals larger but fewer deals are taking place, but the question on everyone's mind is what's driving this dramatic drop in the number of deals in the market?
Blockchain research banking consortium R3CEV is a focal point for the exploration of distributed ledger technology and its potential applications to trade finance. Its experimental model and collaborative approach to solving trade finance problems marks it out as a new development in a finance sector increasingly enmeshed with technology.
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 development are huge, and a joint effort by commercial and development banks is needed in order to build capacity and increase the availability of finance. Experts on the issue give TXF their perspective on how best to remedy the problem.
Banks are continuing to withdraw from many of their correspondent banking relationships - a process which threatens global trade, especially in poorer countries. TXF speaks to bankers to see whether anti-money laundering (AML) and know your customer (KYC) regulations are solely to blame for this trend and what can be done to mitigate it.
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 corporates must rapidly enter the digital economy or risk losing competitiveness, say the authors.
Basel regulators look to introduce new rules and export finance bankers will need to brace for further capital allocation on sovereign risks. Torsten Richter looks at the background to these developments and indicates how the market will be impacted.
In a move that highlights traders’ ability to succeed in volatile markets, Trafigura last week signed a $5.1 billion syndicated revolving credit facility and its largest ever yen-denominated loan – totalling 46 billion yen.
Henri D’Ambrières, senior technical adviser on the ICC Trade Register, discusses how the Register’s data is improving year on year and why it should drive change and refinements to the Basel approach.
HSBC was the biggest lender of export credit agency (ECA) debt in 2015, according to TXF Data's Export Finance report, signing a total of $4.54 billion of ECA-supported debt to borrowers.
The global volume of export credit agency (ECA) deals has fallen by nearly a third compared to 2014, according to TXF Data's 2015 Export Finance Report.
The volume of euro denominated export credit agency (ECA) deals increased by 15.1% to 27.8% last year, according to TXF Data’s Export Finance Report 2015.
At a BNY Mellon-hosted roundtable in Abu Dhabi, TXF sat down with a number of UAE banks to discuss the region’s economic developments, the evolving trade arena, and how banks are adapting to such change and leveraging the opportunities on offer.
Nokia — Finland’s premier telecoms company — is in the process of finalising its takeover of France’s Alcatel-Lucent in a $16.6 billion deal that will propel the ailing giant ahead of its rivals once more. And the firm’s growing international ambition being is facilitated by almost $1 billion in support from Finland’s export credit agency (ECA), Finnvera.
According to ChinaBusinessNews.com and the South China Morning Post, Alibaba Group Holding last week entered into a partnership with more than 25 credit rating agencies and banks globally, in order to make cross-border trade financing available for Chinese small and medium-sized enterprises (SMEs).
Daniel Schmand, Deutsche Bank’s EMEA head of trade finance & cash management corporates, was elected the new chair of the International Chamber of Commerce’s (ICC) Banking Commission in April last year. In a wide-ranging interview touching on regulation and compliance, non-bank lenders, SME finance, digitisation, and banking reputation, TXF's Ollie Gordon discovers Schmand’s key policy objectives for the Commission and gets his take on the industry’s hottest topics.
The digitisation of trade finance has the potential to deliver significant benefits to corporates, banks, carriers and other trading partners. As well as reducing the time, costs and risks of trading internationally, connected parties have greater visibility and transparency of the whole end-to-end process. However, digital adoption has been slow; but with increasing global competition and a drive to become more efficient, many industry analysts believe this may be about to change.
The transformation in international marketing and sales features two camps. The first is the legacy camp which features the largely uncoordinated activities of some 22 US government agencies. TPCC, the Trade Promotion Coordinating Committee, was created to coordinate the activities of these 22 agencies which foster and support the sale of US goods and services and FDI.
Daniel Riordan reviews the risks facing insurers in 2015 and highlights how the Berne Union is adapting to help its members
Last year, the Berne Union provided an update on how its members have worked with small and medium-sized exporters (SMEs) given their important roles in supporting national economies. With continued attention and focus on SMEs worldwide, the Berne Union is pleased
Following the international trend in the creation of export credit agencies (ECAs) after World War II, South Africa began to offer official support for export transactions in 1957. Instead of creating a dedicated ECA, reinsurance cover was made through the Department of Trade and Industry
As the Fed prepares to make an announcement on US interest rates this week, spare a thought for the interests of US exporters. Already hit by the withdrawal of support from the Export-Import Bank of the United States (US Ex-Im), the export credit agency of the US government, a hike in rates could be the final straw reversing the US’ sustained export-led recovery following the crisis, as well as catalysing further declines in the provision trade finance globally.
The International Chamber of Commerce (ICC) has today launched the ICC Global Export Finance Committee – an export finance working group, chaired by Eric de Jonge, global head of structured export finance at ING Bank. The launch event of the committee is supported by many leading banks across the export finance industry.
Open account trade has been growing in GCC markets during the last few years . As a result, some of the more sophisticated companies have started to move to non-recourse receivables finance programmes and benefit from best working capital practices prevalent in other regions.
On the afternoon of 16th July in London, TXF will be hosting a complimentary event on CAPEX and Project Financing in Africa. The event will bring together corporates, banks and agencies with an interest in doing more business in Africa. The event will be followed by TXF summer drinks, where all are welcome.
Next week is the start of a hectic period for TXF. We launch the inaugural “TXF Chronicle”, our latest industry special report. We’ll also be joined by 200 of the commodity finance world’s great and good in Amsterdam for our annual conference and industry dinner. I’m really looking forward to catching up with some good friends, and getting a proper sense of market activity. Click here to see who else will be there.
For those of our readers in the UK, you will doubtless feel as lucky as I do to have been treated to an extended general election campaign. That’s right folks, more pointless infographics, more over-analysed opinion polls, more sensationalised 'leadership debates', more spin, and 'new and improved' ways politicians are finding to avoid answering even the most basic of questions.
UniCredit has successfully completed the first Bank Payment Obligation (BPO) transaction ever carried out in Italy.
Dr Hans Janus, a member of the board of management of Euler Hermes, has announced that he will be leaving the German export credit agency at the end of the year.