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US Ex-Im recruits Claudia Slacik for SVP export finance role
US Ex-Im recruits Claudia Slacik for SVP export finance role
Jonathan Bell
1 October 2013

The Export-Import Bank of the United States (US Ex-Im) has recruited Claudia Slacik as chief banking officer and senior vice president for export finance. She joins US Ex-Im with more than 30 years of experience in the financial industry.

Trade & Supply Chain Finance
Trade & Supply Chain Finance
Max Carter
1 October 2013

We are pleased to bring you the TXF Trade and Supply Chain Finance Special Report 2013. The report, which is part of our Trade and Supply Chain Finance Series

JB's weekly round-up - 30 September 2013
JB's weekly round-up - 30 September 2013
Jonathan Bell
30 September 2013

Each Monday, we will be sending our weekly market news roundup. This will include a short commentary on the key stories of the week, as well as links to our top picks. We hope you enjoy it, and would welcome your feedback. It is entirely free, so please feel free to share with your colleagues, contacts and clients.

SG and Bpifrance sign pact for French exporters
SG and Bpifrance sign pact for French exporters
Jonathan Bell
25 September 2013

Société Générale (SG) and Bpifrance have today signed a partnership agreement to support the overseas growth of French businesses. The two institutions, which have a history of working together to finance French businesses within France, have decided to strengthen their collaboration internationally.

StanChart leads syndicated financing for Stanford Asia
StanChart leads syndicated financing for Stanford Asia
Mayur Pande
25 September 2013

Standard Chartered (StanChart) has arranged a senior syndicated loan facility for marine services company Stanford Asia Holding Company (SAHC), amounting to $300 million. The facility, which was oversubscribed, was syndicated to a largely Middle Eastern investor base, will be used by SAHC to refinance existing debt.

HSBC recruits Bart Ras for global head role
HSBC recruits Bart Ras for global head role
Jonathan Bell
24 September 2013

HSBC has recruited Bart Ras to its ranks where he will have the title of global head of business development for the bank’s global trade and receivables finance (GTRF) business He takes up the post on 15 October 2013.

Scotiabank rolls out first phase of CGI Trade360 platform
Scotiabank rolls out first phase of CGI Trade360 platform
Mayur Pande
20 September 2013

Canada’s Scotiabank has completed the Canadian rollout of CGI’s cloud-based, ‘software-as-a-service’ (SaaS) solution, CGI Trade360. The announcement was made at Sibos Dubai this week. In the first phase of the programme, CGI Trade360 will replacing the Scotiabank’s legacy trade and supply chain applications with an integrated platform.

Kyriba and CGI team to provide cloud-based trade finance services
Kyriba and CGI team to provide cloud-based trade finance services
Jonathan Bell
19 September 2013

In a landmark partnership agreement for the trade finance technology sector, Kyriba, a leader in cloud-based treasury management solutions, and trade platform and software company CGI have agreed on the integration of CGI’s market leading trade solution, CGI Trade360, into the Kyriba Enterprise platform.

India’s YES Bank success with dual currency facility
India’s YES Bank success with dual currency facility
Jonathan Bell
19 September 2013

India’s YES Bank has successfully closed a loan facility equivalent to $255 million. The facility will be used for general corporate purposes and trade financing for the bank’s clients.

BAML launches accelerated payments to Asia
BAML launches accelerated payments to Asia
Jonathan Bell
19 September 2013

Bank of America Merrill Lynch (BAML) has launched a new payment product which is designed to improve the speed and efficiency with which banks and corporations make high value US dollar payments to Asian markets.

Lloyds Bank teams with StanChart for Asian trade
Lloyds Bank teams with StanChart for Asian trade
Jonathan Bell
17 September 2013

The UK’s Lloyds Bank has signed a partnership agreement with Standard Chartered Bank (StanChart) to team in providing enhanced services to its clients importing from Asia-Pacific.

JP Morgan recruits Kah Chye Tan
JP Morgan recruits Kah Chye Tan
Jonathan Bell
17 September 2013

JP Morgan has recruited Kah Chye Tan, within a week of Tan leaving his previous employers Barclays Bank.

Cote d’Ivoire’s SIMAT gets Afrexim import loan
Cote d’Ivoire’s SIMAT gets Afrexim import loan
Jonathan Bell
17 September 2013

The African Export-Import Bank (Afrexim) has signed €5.64 million ($7.5 million) credit facility for the Cote d’Ivoire based firm, SIMAT, to finance the import of equipment for its services in the areas of marine and air transit and handling.

Georgia’s TBC Bank secures funds through FMO led facility
Georgia’s TBC Bank secures funds through FMO led facility
Jonathan Bell
16 September 2013

Georgia’s TBC Bank has signed a €35 million subordinated loan agreement with its shareholder Dutch development bank, FMO. The loan facility is provided in syndication with the Canadian investor, Cordiant and the Swedish development bank, Swedfund.

Bankers see plenty of choice for growth within EMEA
Bankers see plenty of choice for growth within EMEA
Jonathan Bell
13 September 2013

Despite turmoil in much of the Middle East, the EMEA region has a wealth of opportunities for growth in trade finance. TXF talks with Sameer Sehgal and Anurag Chaudhary at Citi about the outlook for trade in the region.

Japan Nexi support for auto sales in Indonesia
Japan Nexi support for auto sales in Indonesia
Jonathan Bell
12 September 2013

Japan’s Nippon Export and Investment Insurance (Nexi) has agreed to provide overseas untied loan insurance for loans provided by ING Bank, Tokyo branch and Development Bank of Japan to OTO Multiartha (OTO), an auto financing company in Indonesia.

Globus expansion in Russia with KfW ruble loan
Globus expansion in Russia with KfW ruble loan
Mayur Pande
11 September 2013

KfW IPEX-Bank is providing a long-term ruble loan for the equivalent of altogether €36 million ($47.8 million) to finance the construction of a hypermarket in Tver, Russia.

Global head interview – Deutsche Bank
Global head interview – Deutsche Bank
Jonathan Bell
11 September 2013

TXF talks to Deutsche Bank about the current state of the trade and supply chain finance market.

Global head interview – Citi
Global head interview – Citi
Jonathan Bell
11 September 2013

TXF talks to Citi about the current state of the trade and supply chain finance market.

Global head interview – BNP Paribas
Global head interview – BNP Paribas
Jonathan Bell
11 September 2013

TXF talks to BNP Paribas about the current state of the trade and supply chain finance market.

Kah Chye Tan departs from Barclays
Kah Chye Tan departs from Barclays
Mayur Pande
6 September 2013

After two years at the bank, Kah Chye Tan has departed Barclays in London where he was vice-chair of the bank’s global trade team. As a highly experienced and respected trade banker, Tan’s arrival at Barclays in 2011 was seen as a coup for the ban

VTB Bank begins transactions in renminbi
VTB Bank begins transactions in renminbi
Dan Sheriff
5 September 2013

VTB Bank’s Shanghai branch, the only Russian bank with a Chinese financial operation licence, has begun conducting transactions in renminbi (RMB) for corporate clients who are Chinese residents. The bank has successfully completed its extensive preparations which included additional capitalisation and the obtaining of a new licence

Deutsche opens branch in Qingdao, China
Deutsche opens branch in Qingdao, China
Jonathan Bell
4 September 2013

Deutsche Bank has opened a new branch in Qingdao, China following the approval from the China Banking Regulatory Commission (CBRC). The Qingdao branch is the bank’s sixth branch in China, complementing others in Beijing, Shanghai, Guangzhou, Tianjin and Chongqing.

Boost for VEB Leasing with VTB credit lines
Boost for VEB Leasing with VTB credit lines
Mayur Pande
4 September 2013

Russia’s VEB Leasing has received a boost to its operations with the signing of a RUB30 billion ($897 million) credit line provided by VTB Bank. The facility has an overall tenor of 10-years. Under the umbrella arrangement, VEB Leasing has received the first loan instalment of RUB5.78 billion. This loan has a tenor of five years.

Mongolia’s Khan Bank gets EBRD backing
Mongolia’s Khan Bank gets EBRD backing
Dan Sheriff
4 September 2013

One of the largest commercial banks in Mongolia, Khan Bank has teamed with the European Bank for Reconstruction and Development (EBRD) to develop an innovative financial instrument for the Mongolian market under the rubric ‘value chain finance’, to improve access to finance for small businesses and to help strengthen value chains in the country.

Albania’s Union Bank expands trade finance offering
Albania’s Union Bank expands trade finance offering
Jonathan Bell
3 September 2013

Albania’s Union Bank Albania has been able to expand its trade finance offering following an injection of funds from the IFC. The funds will specifically be used to increase financing to small and medium-sized enterprises (SMEs) that work in imports and exports.

Albania’s Credins Bank gets trade loan
Albania’s Credins Bank gets trade loan
Jonathan Bell
28 August 2013

The European bank for Reconstruction and Development (EBRD) is providing Albania’s Credins Bank with €10 million ($13.3 million) in loans for on-lending to local small and medium-sized enterprises and supporting trade finance solutions for clients of the bank.

Deutsche pushes paperless trade payments with China
Deutsche pushes paperless trade payments with China
Dan Sheriff
21 August 2013

Deutsche Bank is increasing automation in its trade payments processes with China. As of 1 September 2013, the bank will launch paperless cross-border payment services in China via its electronic banking platform − db-direct internet.

Tanzania’s NMB signs loan with European DFIs
Tanzania’s NMB signs loan with European DFIs
Dan Sheriff
21 August 2013

Tanzania’s National Microfinance Bank (NMB) has signed a $65 million loan agreement in a transaction led by the Netherlands Development Finance Company (FMO) in cooperation with the German Development Finance Company (DEG) and EFP (European Financing Partners (EFP); a group of 14 other European development finance institutions (DFIs).

Lloyds Bank appoints director of global trade
Lloyds Bank appoints director of global trade
Dan Sheriff
21 August 2013

Lloyds Bank Commercial Banking has appointed Jacqueline Keogh as director of global trade to lead the bank’s global trade proposition. She takes up the position on 2 September Keogh joins Lloyds Bank from Standard Chartered where she held the position of managing director, regional head of banks, Europe in the transaction banking division, delivering strong

StanChart sets-up renminbi solutions team
StanChart sets-up renminbi solutions team
Dan Sheriff
15 August 2013

Standard Chartered (StanChart) has set-up a renminbi (RMB Solutions) team that is responsible for delivering bespoke client solutions to help them best capture opportunities arising from the internationalisation of the RMB.

New executive director named for International Trade Centre
New executive director named for International Trade Centre
Jonathan Bell
15 August 2013

The United Nations has announced the appointment of Arancha Gonzalez of Spain as executive director of the International Trade Centre (ITC), the joint agency of the United Nations Conference on Trade and Development (UNCTAD) and World Trade Organisation (WTO) for trade and international business development.

KSA’s Mobily raises export finance for network expansion
KSA’s Mobily raises export finance for network expansion
Mayur Pande
8 August 2013

The Kingdom of Saudi Arabia (KSA) mobile telecommunications operator Mobily has secured $650 million in export credit financing to meet the cost of its network and internet expansion through to 2015. Mobily has signed two agreements each for up to $325 million with Finland’s export credit agency (ECA) Finnvera, and the Swedish Export Credits Guarantee Board – EKN

Nedbank and Bank of China formalise alliance
Nedbank and Bank of China formalise alliance
Dan Sheriff
6 August 2013

South Africa’s Nedbank and the Bank of China (BoC) have entered into a strategic business cooperation agreement to develop business flows between the People’s Republic of China and Africa.

Gunvor and GE Capital sign factoring deal
Gunvor and GE Capital sign factoring deal
Dan Sheriff
29 July 2013

Energy commodity trading company Gunvor has signed a €225 million ($298.4 million) factoring programme with GE Capital for Gunvor’s receivables portfolio. The programme will finance part of Gunvor’s German oil refining business.

CBA appoints global head of trade
CBA appoints global head of trade
Dan Sheriff
26 July 2013

Commonwealth Bank of Australia (CBA) has appointed Neal Livingston as its global head of trade and transaction services (GTTS), within the institutional banking and markets unit.

HSBC appoints forfaiting global head
HSBC appoints forfaiting global head
Katy Rose
19 July 2013

HSBC has appointed Luiz Simione as global head of forfaiting and risk distribution for global trade and receivables finance (GTRF). He will be based in London and takes up the post from 1 September 2013.

Hochberg confirmed as US Ex-Im president
Hochberg confirmed as US Ex-Im president
Mayur Pande
17 July 2013

Fred Hochberg has been confirmed as by the US Senate to serve a second term as president of the Export-Import Bank of the United States (US Ex-Im). This move followed President Obama’s decision to appoint him in March this year, and the Senate banking Commission nominating him in early June.

BAFT-IFSA announces head of trade services
BAFT-IFSA announces head of trade services
Jonathan Bell
15 July 2013

BAFT-IFSA, the US-headquartered international financial services association, has appointed Stacey Facter as the association’s new senior vice president of trade services.

StanChart signs bilateral RMB loan with Shenzhen International
StanChart signs bilateral RMB loan with Shenzhen International
Jonathan Bell
11 July 2013

The transaction marks the beginning of a new collaboration between both parties.

Kexim and China Exim sign joint project pact
Kexim and China Exim sign joint project pact
Dan Sheriff
28 June 2013

The Export-Import Bank of Korea (Kexim) has signed a reciprocal risk participation agreement (RRPA) with the Export-Import Bank of China (China Exim) to boost collaboration between Korean and Chinese companies when entering a third country.

FMO arranges loan for Azerbaijan’s AccessBank
FMO arranges loan for Azerbaijan’s AccessBank
Jonathan Bell
21 June 2013

Azerbaijan’s AccessBank has secured a $60 million syndicated loan facility lead arranged by the Development Bank of the Netherlands (FMO). Other lenders under the FMO syndicated loan facility are, the Austrian Development Bank (OeEB), and Proparco of France who joined

AfDB and Commerzbank sign risk participation pact
AfDB and Commerzbank sign risk participation pact
Dan Sheriff
7 June 2013

The African Development Bank (AfDB) and Germany’s Commerzbank have signed a $100 million risk participation agreement (RPA) in a move to boost the provision of trade finance in Africa. Under the agreement, the two banks will share the default risk on a portfolio of eligible trade transactions originated by African issuing banks in Africa and confirmed by Commerzbank. The facility will help

Morocco gains EBRD support for global trade
Morocco gains EBRD support for global trade
Dan Sheriff
3 June 2013

Trade finance in Morocco is set for a boost with the European Bank for Reconstruction and Development (EBRD) announcing a credit line for trade finance purposes to the local Banque Centrale Populaire (BCP). The loan comes under the EBRD’s Trade Facilitation Programme (TFP).

My beautiful article
My beautiful article
James Petras
1 October 2011

Short desc: In Visual Basic and C#, you can call this method as an instance method on any object of type IEnumerable. When you use instance method syntax to call this method, omit the first parameter. For more information, see Extension Methods (Visual Basic) or Extension Methods (C# Programming Guide).

Testing Article 2
Testing Article 2
James Petras
1 January 2001

Testing Article 2