TXF Africa 2020
TXF Africa 2020 will focus on recent and forthcoming developments across regional export, project & commodity finance and explore new opportunities for each market.
A year after the first meeting of the ICC Export Finance Committee in Barcelona it is a good time to look back at what we had in mind starting this initiative and where we stand now.
One of the key themes to come out of the recent ITFA conference held in Warsaw was the increasing importance of the role of distribution and syndication within trade to help achieve success in the changing and challenging market environment.
The Asian Development Bank’s (ADB) annual Trade Finance Gaps report highlights specific difficulties in developing markets in Asia and Africa amongst a general gap of $1.6 trillion. Particular to the report is the plight of emerging market SMEs, which are most likely to be rejected for funding.
Coalition’s H1 2016 report on corporate and investment banks shows a continued decrease in trade finance volumes globally with Asia-Pacific bearing the brunt of the slump. De-risking, commodity pricing volatility and political exposure are among the key indicators amid a difficult time for exporters, traders and related financing.
As the dust settles following the European referendum, a shocked British industry seems to be gradually regaining some of its brio. Many businesses we speak to are seizing this upcoming change in the political landscape, taking the chance to re-evaluate their strategy and explore the potential of engaging
Export credit agencies, development banks, and multilaterals are becoming crucial sources of financing behind the growth of renewable energy projects in both developed and emerging countries. Georges Ramano, Latin America regional head of export and agency finance, treasury and trade solutions at Citi, tells TXF why these financial institutions are becoming highly attractive in bringing these projects to fruition and fuelling a sustainable green future.
TXF’s commodity finance report for H1 shows that overall commodity financing is down 30% on the same period last year while structured commodity financing has increased in 2016. Regulation, commodity prices and banking requirements have led to a difficult market on both sides of the financing world.
The Middle East is the largest export finance borrower market in the first half of the year, with a 35.3% share of the global market; the export finance community cites power, oil and gas, and real estate as the driving factors behind the growth.
The total volume of ECA deals taking place in the first half of 2016 dropped by 22.5% compared to same period last year, while SMBC topped the lenders table with $2.19 billion in financing.
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.
Awareness about digitisation of trade finance documents still has a way to go in order for mass adoption to be achieved, as the paperless trade technologies battle against legacy systems. TXF discusses with essDocs the obstacles and ambitions of the growing digital trade finance documentation sector, and how SWIFT’s Bank Payment Obligation might be regaining credence.
The creation of Chinese and Russian blockchain consortiums to match the New York-based R3CEV consortium evokes a Cold War space race in the financial technology sector. The new consortiums are a healthy sign of worldwide interest in distributed ledger technology, but also potentially indicate a fragmentation of the blockchain verification systems.
Speakers at a blockchain conference at Barclays’ fintech innovation hub, Rise, in East London, emphasised the technology’s potential for replacing paper documents and preventing fraud in international trade.
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