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The Berne Union: Who’s Who 2016
The Berne Union: Who’s Who 2016
Jonathan Bell
1 October 2016

The Berne Union: Who’s Who 2016

The ICC & export finance: An update on key developments
The ICC & export finance: An update on key developments
Eric De Jonge
1 October 2016

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.

ITFA panel emphasises role of distribution for trade growth
ITFA panel emphasises role of distribution for trade growth
Jonathan Bell
22 September 2016

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.

Unmet demand for trade finance hit $1.6trn in 2015
Unmet demand for trade finance hit $1.6trn in 2015
Callum Burroughs
20 September 2016

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.

Global trade financing down 9% after impact of Asia slump
Global trade financing down 9% after impact of Asia slump
Callum Burroughs
6 September 2016

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.

The world is primed for the expansion of British business
The world is primed for the expansion of British business
Neil Ross
5 September 2016

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

The global push to finance renewable energy sources
The global push to finance renewable energy sources
Georges Romano
30 August 2016

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 Data Update: Commodity financing down 30% as banks tighten lending procedures
TXF Data Update: Commodity financing down 30% as banks tighten lending procedures
Callum Burroughs
26 August 2016

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.

Rethinking trade finance regulation
Rethinking trade finance regulation
Alexander R Malaket
18 August 2016

Financial sector and trade finance regulation needs advocacy, engagement and dialogue from all parties to ensure the sector moves forward in a workable and profitable direction.

TXF Data Update: Middle East tops export finance market in H1
TXF Data Update: Middle East tops export finance market in H1
Max Thompson
12 August 2016

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.

TXF Data Update: Export finance market plunges 22.5% in H1
TXF Data Update: Export finance market plunges 22.5% in H1
Max Thompson
11 August 2016

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.

Strength in numbers: collaborating for success in the increasingly digital world of trade
Strength in numbers: collaborating for success in the increasingly digital world of trade
Hesham Zakai
10 August 2016

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.

The long and winding road to digital trade finance documents
The long and winding road to digital trade finance documents
Helen Reid
8 August 2016

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.

Is Blockchain the new space race?
Is Blockchain the new space race?
Helen Reid
26 July 2016

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.

'Faster horses': Blockchain to combat trade fraud
'Faster horses': Blockchain to combat trade fraud
Helen Reid
20 July 2016

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.

Is Asia really falling off in the ECA market?
Is Asia really falling off in the ECA market?
Max Thompson
24 June 2016

Despite TXF's figures showing over half the amount of ECA-backed deals in Asia in H1 of 2016 compared to H1 2015, one Asian export finance specialist tells TXF how the data actually flatters to deceive.

Seaborn CEO: Laying the foundations for subsea ECA support
Seaborn CEO: Laying the foundations for subsea ECA support
Max Thompson
20 June 2016

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.

Year of risk takes its toll on export finance, survey reveals
Year of risk takes its toll on export finance, survey reveals
Max Thompson
15 June 2016

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 global role of trade finance
15 June 2016

SMEs and trade finance at the centre of WTO Deliberations
SMEs and trade finance at the centre of WTO Deliberations
Marc Auboin
9 June 2016

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.

TXF Data Update: 59% drop in number of ECA deals in Q1 2016
TXF Data Update: 59% drop in number of ECA deals in Q1 2016
Max Thompson
25 May 2016

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?

Building the blockchain: Q&A with R3CEV, the bank consortium and research lab exploring the future of trade finance
Building the blockchain: Q&A with R3CEV, the bank consortium and research lab exploring the future of trade finance
Helen Reid
13 May 2016

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.

Mind the gap: WTO warns of trade finance deficit
Mind the gap: WTO warns of trade finance deficit
Helen Reid
10 May 2016

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.

Why are banks withdrawing from correspondent banking?
Why are banks withdrawing from correspondent banking?
Helen Reid
6 May 2016

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.

What does the future of trade hold?
What does the future of trade hold?
Helen Reid
3 May 2016

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.

Opinion: Export finance sector needs to wake up to potential impact of Basel IV
Opinion: Export finance sector needs to wake up to potential impact of Basel IV
Torsten Richter
14 April 2016

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.

Trafigura signs mammoth RCF and expands Japanese financing
Trafigura signs mammoth RCF and expands Japanese financing
Helen Reid
5 April 2016

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.

Vouching for the low-risk nature of trade finance: why data matters
Vouching for the low-risk nature of trade finance: why data matters
Henri d'Ambrieres
16 March 2016

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.

TXF Export Finance Report: HSBC tops 2015 ECA lenders table
TXF Export Finance Report: HSBC tops 2015 ECA lenders table
Max Thompson
26 February 2016

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.

TXF Export Finance Report: ECA deal volumes drop by 29%
TXF Export Finance Report: ECA deal volumes drop by 29%
Max Thompson
24 February 2016

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.

TXF Export Finance Report:  Euro ECA deals surge in 2015
TXF Export Finance Report: Euro ECA deals surge in 2015
Connor Lovell
24 February 2016

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.

A changing world: tapping in to trade opportunities
A changing world: tapping in to trade opportunities
Jonathan Bell
16 February 2016

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 leans on Finnvera for global expansion plans
Nokia leans on Finnvera for global expansion plans
Connor Lovell
16 February 2016

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.

Alibaba trade finance: a misguided step into the unknown
Alibaba trade finance: a misguided step into the unknown
William Laraque
25 January 2016

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).

Fighting trade finance’s corner
Fighting trade finance’s corner
Oliver Gordon
20 January 2016

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.

Trade secrets: Using electronic finance to unlock business opportunities
Trade secrets: Using electronic finance to unlock business opportunities
Simon Streat
18 January 2016

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 future of global trade: chapter I - sales, marketing, promotion and order processing
The future of global trade: chapter I - sales, marketing, promotion and order processing
William Laraque
30 November 2015

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.

A changing Berne Union for a new and volatile world
A changing Berne Union for a new and volatile world
Daniel Riordan
12 October 2015

Daniel Riordan reviews the risks facing insurers in 2015 and highlights how the Berne Union is adapting to help its members

Analysing Berne Union data trends
Analysing Berne Union data trends
Kai Preugschat
12 October 2015

Volumes of export credit and investment insurance reported for 2014 by members of the Berne Union and Prague Club increased by 4% to reach a total amount of $2 trillion.

The era of trade regulation
The era of trade regulation
Ralph Lerch
12 October 2015

Ralph Lerch, chair of the European Banking Federation’s export credit working group, and global head of export finance at Commerzbank, discusses the shifting tectonics of the regulatory environment facing trade and export finance.

SMEs and the Berne Union
SMEs and the Berne Union
Abbey Sturrock
12 October 2015

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

ECAs and African banks
ECAs and African banks
Rebecka Lundgren
12 October 2015

The commodity driven growth in Africa has generated a demand for stronger banks with more capacity. As commodity prices are falling and currencies weakening, African companies are becoming increasingly interested in local financing solutions.

Sub-Saharan Africa and the role of ECIC
Sub-Saharan Africa and the role of ECIC
Kutoane Kutoane
12 October 2015

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

Academic research and export credit insurance
Academic research and export credit insurance
Prof. Dr. Andreas Klasen
12 October 2015

If we think about academic research, we often think about theory development and testing with no or little concern for impact on the real world. We sometimes believe that researchers are university-based and have

 BPO and short-term credit insurance
BPO and short-term credit insurance
Markus Wohlgeschaffen
12 October 2015

By Markus Wohlgeschaffen, global head of trade products, UniCredit and member of the banking advisory board, International Chamber of Commerce (ICC); and Andre Casterman, global head of corporate and trade markets, SWIFT and chair of the BPO project

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.

A sea change in trade finance
A sea change in trade finance
Hesham Zakai
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.

The burning issues facing the trade sector
The burning issues facing the trade sector
Jonathan Bell
16 September 2015

Jonathan Bell talks with David Hennah, head of trade and supply chain finance, transaction banking, Misys, about the burning issues of regulation and compliance, disruptors within trade, globalisation, standardisation and digitisation.