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.
In celebrating its 80th year, the Berne Union must reflect on what it has already built and how to sustain its success over the next 20 years. The Berne Union has been a unique global business organisation connecting public and private insurers alike throughout.
Historically, the global trade finance market has been considered liquid and wellfunctioning. Nevertheless, after the beginning of the financial crisis in 2008, important structural changes occurred. This included the entry of new market participants and efforts to develop new modalities that minimise bank capital and balance sheet usage.
The Paris-based International Chamber of Commerce (ICC) was first established in 1919 by a group of industrialists, financiers and traders in the context of post-World War I devastation, with the aim of representing business, and bringing prosperity through a global organisation.
One major lesson learned from the financial crises in emerging markets since the 1980s is that large currency mismatches, both at a public and private sector level, strongly increase the vulnerability of a country to adverse shocks. The financing of local-currency activities by foreign currency denominated liabilities is therefore an inherent weakness
Firstly, who are we? We are the first and only Lloyd’s-based insurer to sit on the Berne Union – a status we are very proud of. We have learned a great deal from our export credit agency (ECA) and private market brethren but we hope we can also share a different perspective on political and credit risk insurance.
Before the financial crisis of 2008-2009, internal consumption and increasing private and public indebtedness – key factors behind economic growth in developed countries – became gradually non-financeable.
Germany’s UniCredit and Japan’s Bank of Tokyo-Mitsubishi (BTMU) have combined to process the first Bank Payment Obligation (BPO) transaction between Germany and Japan. The deal follows hard on the heels of Commerzbank’s first BPO transaction announced earlier this week, augmenting the BPO’s presence in Europe.
TXF talks to Citi about the current state of the trade and supply chain finance market.
Jonathan Bell talks with Martin Runow, head of cash management for corporates, Americas, Deutsche Bank, about the post-SEPA migration landscape.
André Casterman, global head, corporate and supply chain markets, SWIFT, examines how rapidly digitisation is influencing the trade space.
Ina Kerr, CEO Bolero International, looks at the growing business case for ePresentation.
Dominic Broom – head of sales and relationship management, Treasury Services, EMEA, BNY Mellon – explores developments in technology, global trade flows, choices of currency, and regulation and examines how they may help oil the wheels of global trade.
Mobile finance has undergone strong growth in recent years, with more than 220 operational platforms worldwide. While the majority of these have so far been confined to urban areas, providers are fast realising the need to break into rural regions to expand market share and achieve nationwide presence.
TXF talks to Vincent O’Brien, chair of the International Chamber of Commerce (ICC) Banking Commission’s Market Intelligence Group on the ICC’s Global Survey 2014: Rethinking Trade and Finance
Despite having nearly 20% of the world’s cultivated land, Africa’s share of the global agricultural market measured by insurance premiums paid is smaller than 1%, according to Jean-Christophe Debar, director of the Foundation for World Agriculture and Rurality (FARM). Latin America is better “but still under-developed”.
TXF talks to Kah Chye Tan, chairman of the ICC Banking Commission, on the results and meaning of the industry group’s latest trade finance default survey.
Today, the International Chamber of Commerce (ICC) released its Trade Register Report 2014. The empirical evidence from the report points to the fact that trade and export finance is a low risk bank financing technique – further supporting ICC’s advocacy of trade finance as a strong contribution to economic recovery and growth.
Trade finance took another battering in the mainstream press earlier this week. With the fallout of the Citi/Oceanografia fraud still rumbling on daily, attention has now turned to the trade finance department of French bank BNP Paribas (BNPP).
One year on from the introduction of the ICC Uniform Rules on Bank Payment Obligation (URBPO), market adoption of the trade finance instrument has been fairly slow. According to the latest statistics from financial messaging provider, SWIFT, 25 corporates are reported to be using the BPO and 56 banks are in the process of adopting it.
This is a particularly big year for the Berne Union, which has now been supporting exporters, borrowers, investors and the overall export financing sector for the past 80 years. It is also a celebratory year, as few organisations have such an excellent and consistent track-record of performance in global trade. In the case of the Berne Union
Export credit agencies (ECAs) and development finance institutions (DFIs) have very different purposes, mandates and in the case of multilateral institutions, ownership structures. However, there are many important areas of overlap where the pursuit of different mandates and different policy
The role of international trade and its impact on the global economy has been revisited anew since the global economic crisis. This article examines the impact of international trade in recent years and the specific role that export credit agencies (ECAs) have played.
While international trade seems to have increased towards the end of 2013, the growth for the whole year has remained sluggish. Against this backdrop, the volume of exports and investments covered by members of the Berne Union increased by approximately 4%
Export Credit Agencies and development finance institutions have very different purposes, mandates and in the case of multilateral institutions, ownership structures. However there are many important areas of overlap where the pursuit of different mandates and different policy objectives
In an important development in the further provision of electronic trade, essDOCS, the leading shipping and trade eDocs provider, has announced two major projects extending its electronic document solution offerings and enhancing the capabilities of SWIFT bank and corporate users.
It is your last chance to register your input for the ICC Export Finance Global Survey, conducted by TXF. It is the first time this survey has been attempted by the ICC but with broad participation we will be able to paint an accurate, representative industry picture which we hope will be of use to everyone in the industry.
Hans Krohn, head of trade products at Commerzbank, heralds the bank’s success of its CoTrax Finance II-1 trade finance securitisation. But why has it taken so long for this emerging asset class to get off the ground and what will it take for the trade finance securitisation market to succeed in the long-term?
The Basel Committee has issued changes to the Basel III regulatory framework’s leverage ratio structure and disclosure requirements, following a consultation process on the proposed changes dating back to June 2013.
tagmydeals is a free of charge, user-generated database covering deals in trade, export and project finance. Following months of consultation with many of you (something we really appreciate), we have built something that the industry will hopefully find new and genuinely useful.
BHP Billiton (BHP), Royal Bank of Scotland (RBS), Westpac Banking Corporation, Cargill and Minerva Marine have completed the first trade financed iron ore trade using ESS’s CargoDocs electronic bill of lading and eUCP Presentation solutions. CargoDocs was used on a shipment from Australia to China.
Standard Chartered (StanChart) announced today that it has completed a trade finance transaction with the Bank Payment Obligation (BPO) under the Uniform Rules for BPO (URBPO) for PTT Polymer Marketing (PTTPM), a leading polymer sales and marketing company in Thailand.
TXF talks to UniCredit about the current state of the trade and supply chain finance market.
TXF talks to Barclays about the current state of the trade and supply chain finance market.
TXF talks to Citi about the current state of the trade and supply chain finance market.
TXF talks to Deutsche Bank about the current state of the trade and supply chain finance market.
Jonathan Bell examines the challenges the trade finance sector needs to confront, and find ways to work with, if it is to be a truly profitable business in the years ahead.