TXF Global 2022: Export, Agency & Project Finance
We’re taking the global export roadshow to Lisbon! Join us on the 7th & 8th June 2022 for another unmissable hybrid event. Deal makers from across the globe are attending in force. Don't miss out...
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.
Olam’s acquisition of Archer Daniels Midland (ADM)’s cocoa business provides the perfect opportunity to investigate the trader’s track record for sustainable cocoa and palm oil, its particular supply chain management technique, and the way the industry is moving towards ever greater monitoring of sustainable practices.
Trade credit insurance is reeling from the shocks affecting the global economy, recent reports from leading insurers show. World corporate risk has reached a peak, says a Coface report, and Euler Hermes reported increased claims from American companies.
In the latest edition of law firm Sullivan & Worcester's Trade Finance Breakfast Seminars, partners Geoffrey Wynne, Mark Norris, Marian Boyle and Sam Fowler-Holmes provide a legal update on a gamut of pressing regulatory issues including the UK's Modern Slavery Act, Article 55 and Bail-In, and international sanctions regimes.
Castleton Commodities International has closed a $3.3 billion trade loan refinancing its huge 2015 facility, which marked its expansion into global oil trading. The energy and metals trading company secured a lower margin on the loan and included new Asian lenders, consolidating its position as a super trader.
Stolt-Nielsen Limited, a Bermuda based provider of integrated transportation solutions for chemicals, and bulk liquids, has secured a $325 million loan with three relationship banks to acquire the chemical tanker operations and assets of Norway’s Jo Tankers.
Ollie Gordon catches up with VTB Bank’s head of global commodities and the managing director of its Trade and Export Finance division to find out how the bank is supporting its exporting clients in a post-sanctions environment.
In a wide-ranging interview, Riccardo Greco, chief financial officer of commodity trader BB Energy, talks to TXF’s Ollie Gordon about commodity prices, target markets, the traders’ varying business models, market consolidation, and the present availability of commodity finance.
On the sidelines of our Natural Resources and Commodities Finance conference in Amsterdam, we caught up with Deutsche Bank's global head of structured commodity trade finance, John MacNamara, who shared his thoughts on the impossibility of predicting commodity prices, the effect of new regulatory burdens on banks, and the commodities outlook for the Russian region.
Trafigura’s exit from the Swiss Trading and Shipping Association demonstrates the effect of past mistakes on its current transparency agenda, and the different priorities and attitudes of big traders towards greater openness.
Russian fertiliser producer PhosAgro’s debut PXF is testing market appetite ahead of a planned Eurodollar bond issuance, as Russian exporters benefit from a weak rouble and look to enter international bond markets.
The past month of June has been a busy time for TXF, with two of our landmark conferences – TXF Rome and TXF London – blazing their way into the market and both proving to be resounding successes. But it has also been a time of great disappointment for me and colleagues, with the UK population voting to leave the European Union (EU).
TXF has joined forces with YellowWood Adventures to afford TXF subscribers discounted rates for adventure travel tours through Ethiopia’s iconic mountain ranges.
Ollie Gordon talks to Sanjeev Gupta, the founder and executive chairman of Liberty House Group, about the commodity firm’s much-publicised takeover bid for Tata’s UK steel assets, how he intends to turn around those loss-making businesses, and Liberty’s end-to-end business model and funding strategy.
Commodity trading company Sucres et Denrées (Sucden) has successfully signed its revolving credit facility (RCF) for a total of $400 million, bringing six new banks into the syndicate.