Search results

Show:
Results found: 6761
Citi fires 12 staff over Mexican unit fraud
Citi fires 12 staff over Mexican unit fraud
Hesham Zakai
15 May 2014

Citigroup has sacked 12 members of staff in relation to the suspected fraud at its Mexican banking unit that led the group to revise its 2013 income down by $235 million.

RBS launches RMB cross-border cash pooling
RBS launches RMB cross-border cash pooling
Jonathan Bell
13 May 2014

The Royal Bank of Scotland (RBS) has launched renminbi (RMB) cross-border cash pooling for multinational companies (MNCs) registered in the Shanghai Free Trade Zone (FTZ). The move will enable these companies to integrate their China onshore RMB cash flow with their regional and/or global cash pools.

Allianz Global appoints head of financial institutions in London
Allianz Global appoints head of financial institutions in London
Jonathan Bell
13 May 2014

the role of head of financial institutions (FI) regional unit London. Her responsibilities will be to, drive the FI portfolio and work with new and existing clients. Her

FIMBank appoints head of trade finance
FIMBank appoints head of trade finance
Jonathan Bell
13 May 2014

Malta-headquartered FIMBank has appointed Maarten van Alkemade as head of its trade finance department. A Dutch national, van Alkemade joins FIMBank from Coalogic, where he worked as a consultant for banks

ABN appoints Chang as Asia head of commodities
ABN appoints Chang as Asia head of commodities
Jonathan Bell
8 May 2014

ABN AMRO has promoted Jacqueline Chang to the newly created role regional head of commodities Asia, as part of an expansion of the bank’s global commodities activities within its energy, commodities and transportation (ECT) business.

Equinox Global becomes Lloyd’s coverholder in the US
Equinox Global becomes Lloyd’s coverholder in the US
Jonathan Bell
8 May 2014

Equinox Global, the Lloyd’s coverholder specialising in trade credit insurance, has moved into a new office in New York and has been approved as Lloyd’s coverholder in the US. The office is headed by Antje Seiffert-Murphy who has been with Equinox in the US since 2011.

DEG finances German-Kenyan horticultural expansion
DEG finances German-Kenyan horticultural expansion
Jonathan Bell
8 May 2014

The German development bank, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is providing a loan of €3 million ($4.1 million) to the German horticulture company Selecta Klemm for the modernisation of its greenhouses in Kenya.

Promotion for Mackay at StanChart Singapore
Promotion for Mackay at StanChart Singapore
Jonathan Bell
7 May 2014

Scobie Mackay has been promoted to the position of head, commodity traders and agribusiness, trade finance at Standard Chartered (StanChart)in Singapore.

Bolero appoints new CEO
Bolero appoints new CEO
Jonathan Bell
7 May 2014

Trade documentation software specialist Bolero International has appointed Ian Kerr as its new chief operating officer (CEO).

AfDB seals risk agreement pact with UBAF
AfDB seals risk agreement pact with UBAF
Jonathan Bell
7 May 2014

The African Development Bank (AfDB) has signed an unfunded $50 million risk participation agreement (RPA) with the Union de Banques Arabes et Françaises (UBAF), to support trade origination capacities of African issuing banks.

AgFirst selects SunGard to help lending operations
AgFirst selects SunGard to help lending operations
Jonathan Bell
6 May 2014

AgFirst Farm Credit Bank, a US-based provider of funding and financial services to agricultural credit associations, has selected SunGard’s Ambit Commercial Lender to help modernise its lending operations.

Markel makes senior appointment in trade credit division
Markel makes senior appointment in trade credit division
Jonathan Bell
6 May 2014

Specialist insurer, Markel International, has appointed Simon Philpin as underwriter and senior risk analyst in its trade credit division.

Finacity signs two ABL facilities
Finacity signs two ABL facilities
Hesham Zakai
2 May 2014

Accounts receivables securitisation specialist Finacity has closed two loan facilities for US-based affiliates of international corporate clients. Both the facilities are asset-based loans (ABLs) and amount to $20 million in total.

Berne Union 80 foreword by Jonathan Bell
Berne Union 80 foreword by Jonathan Bell
Jonathan Bell
1 May 2014

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

Interview with Berne Union president Dan Riordan
Interview with Berne Union president Dan Riordan
Daniel Riordan
1 May 2014

Jonathan Bell, editor-in-chief at TXF, talks with Dan Riordan, president of the Berne Union, about taking the organisation forward in its 80th year.

Berne Union members
Berne Union members
Berne Union
1 May 2014

The Berne Union has 49 member companies from around the world. The membership is diverse – member organisations may be private or state linked, small or large. They represent all aspects of the export credit and investment insurance industry worldwide.

Prague Club members
Prague Club members
Berne Union
1 May 2014

The Prague Club is an information exchange network for new and maturing insurers of export credit and investment. The first official meeting was held in Prague, and carrying on the tradition the Berne Union began 50 years earlier, the group was named after the city of the inaugural meeting. In 2013 the Prague Club once again held its Spring Meeting in Prague to celebrate the 20th anniversary of the association.

A history of the Berne Union
A history of the Berne Union
Hans Janus
1 May 2014

Global trade and foreign direct investments have seen dramatic changes in the 80 years since the Berne Union was founded. Not surprisingly, the Berne Union itself has changed in tandem with these. But the world of the Berne Union is more complex than this simple picture.

Economic overview
Economic overview
Peter Hall
1 May 2014

"It’s different this time.” A simple phrase, but a potent one. Its reappearances all feel novel, and more’s the pity

Short-term export credit capacity
Short-term export credit capacity
Ralph Lai
1 May 2014

Capacity in short-term credit insurance has been steadily returning since the 2008 global financial crisis (GFC) and premiums have recovered. According to Berne Union’s data, commitment of its short-term members has come back to the pre-GFC level

Easing the regulatory challenges
Easing the regulatory challenges
Henri d'Ambrieres
1 May 2014

Export credit is a tool which has been used for decades to support exports in a world where the main driver of economic growth has been international trade. The need for export finance has been questioned for 40 years, but today after several years of crisis, most people recognise the importance of this tool to support the economy.

Standardisation across export finance
Standardisation across export finance
Prof. Dr. Andreas Klasen
1 May 2014

Export-oriented economies benefit from new jobs, more innovation, reduced welfare costs and economic stability. Creating growth through trade is an elemental part of the policy approach of many industrialised economies.

Export finance and capital markets
Export finance and capital markets
James Cruse
1 May 2014

An arguably common theme in medium- and long-term (MLT) export finance circles today is that full implementation of Basel III will elicit the end of commercial banks as the funding source for long-term financing – with long term export finance1 as one of many segments affected

Collaboration between ECAs and development banks
Collaboration between ECAs and development banks
Arun Kumar Sharma
1 May 2014

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

Using ECAs to secure energy supplies
Using ECAs to secure energy supplies
Kazuhiko Bando
1 May 2014

When I first worked for Nippon Export and Investment Insurance (Nexi) during 2003 to 2006, seconded from the Ministry of Economy, Trade and Industry of Japan as the head of planning and administration department, Nexi was a very busy organisation

The role of export credit in project financing
The role of export credit in project financing
Louis Taylor
1 May 2014

Although the operations of Berne Union members are diversified across various products, geographies, governance models, and regulatory systems, the growing role of ECAs in facilitating large medium- to long- term (MLT) export transactions has been clear for all to see in the years since the Lehman Brothers collapse almost toppled the world’s financial systems.

ECAs and the challenge of Islamic finance
ECAs and the challenge of Islamic finance
Topi Vesteri
1 May 2014

State-backed export credit agencies (ECAs), members of Berne Union’s medium- and long-term committee, are quick in responding to changing market needs. Over the past 15 years, there are a number of good examples of ECAs

ICIEC at 20
ICIEC at 20
Eng Yasser Alaki
1 May 2014

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the AAA rated Islamic Development Bank Group (IDB) based in Jeddah, Saudi Arabia, has completed this year its 20 years of services in supporting trade and investment

On the ground activity in Africa
On the ground activity in Africa
George O. Otieno
1 May 2014

Africa 80 years ago was a much different place. In fact, when the Berne Union was launched, Africa was largely under colonial rule. A few decades later, with independence firmly seized, most struggled to control severe poverty rates and warring factions. An institution such as the African Trade Insurance Agency (ATI) was not even on the radar of African governments.

The benefits of providing export credit insurance for banks
The benefits of providing export credit insurance for banks
Geetha Muralidhar
1 May 2014

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.

The TXF Wall of Sound
The TXF Wall of Sound
Dan Sheriff
1 May 2014

At the US Ex-Im conference in Washington DC, Team TXF got delegates to pen their song choices on the TXF Wall of Sound. Here are the results...

Short-term export credit insurance
Short-term export credit insurance
Berne Union
1 May 2014

Berne Union: Short Term Export Credit Insurance

Medium / Long-term export credit insurance
Medium / Long-term export credit insurance
Berne Union
1 May 2014

Berne Union: Medium/Long Term Export Credit Insurance and Lending

Investment insurance
Investment insurance
Berne Union
1 May 2014

Berne Union: Investment Insurance

Berne Union totals
Berne Union totals
Berne Union
1 May 2014

Data and statistics - totals

BNPP signs African risk agreement with AfDB
BNPP signs African risk agreement with AfDB
Jonathan Bell
30 April 2014

The African Development Bank (AfDB) has signed an unfunded €40 million ($54.8 million) risk participation agreement (RPA) with BNP Paribas (BNPP) to support the trade finance activities of African issuing banks.

NBAD recruits CFO from ANZ
NBAD recruits CFO from ANZ
Hesham Zakai
30 April 2014

The National Bank of Abu Dhabi (NBAD) has recruited James Burdett as its group’s new chief financial officer (CFO). Burdett joins the Emirates bank from Australia and New Zealand Banking Group (ANZ), where he held roles as CFO for international & institution banking and, before that, CFO for the bank’s Asia, Pacific, Europe and Americas operations.

Banking sector seeks to harmonise supply chain finance terminology
Banking sector seeks to harmonise supply chain finance terminology
Jonathan Bell
30 April 2014

Five leading business associations have joined forces with the International Chamber of Commerce (ICC) Banking Commission to undertake a major project to standardise and harmonise market terminology for global supply chain finance products and services.

US Ex-Im appoints sub-Saharan Africa committee
US Ex-Im appoints sub-Saharan Africa committee
Jonathan Bell
30 April 2014

The Export-Import Bank of the United States US Ex-Im has appointed the 11 members to its 2014 sub-Saharan Africa Advisory Committee.

Ashurst expands banking team in Asia
Ashurst expands banking team in Asia
Jonathan Bell
29 April 2014

International law firm Ashurst has made a series of appointments and developments that will increase the strength of its finance practice in Asia-Pacific.

Video: Geoff Wynne discusses mitigating trade finance transaction risks
Video: Geoff Wynne discusses mitigating trade finance transaction risks
Dan Sheriff
29 April 2014

Geoffrey Wynne, head of the trade and export finance group at Sullivan & Worcester (S&W), and Simon Cook, partner in the same group, tackle the subject of ‘What to do about risk in trade finance transactions’ as part of the S&W Breakfast Seminar Series.

BAFT and ICC seal cooperation agreement
BAFT and ICC seal cooperation agreement
Jonathan Bell
29 April 2014

The International Chamber of Commerce (ICC) Banking Commission, and BAFT, the international financial services association have agreed a cooperation agreement to improve consumer services and strengthen the global voice of the industry.

Boost for Egypt-Africa trade with AfDB risk agreement
Boost for Egypt-Africa trade with AfDB risk agreement
Jonathan Bell
25 April 2014

Egyptian trade with African countries looks set for a boost following the signing of a risk participation agreement between Egypt’s Commercial International Bank (CIB) and the African Development Bank (AfDB).

JB's weekly round-up - 21 April 2014
JB's weekly round-up - 21 April 2014
Jonathan Bell
21 April 2014

So, it’s that time of year again! The US Ex-Im annual conference takes off with more than 1,000 lenders, insurance brokers, US exporters, international buyers, and government experts all in attendance this week in Washington DC – Thursday 24 through to Friday 25 April.

EBRD provides debut loan in Tunisia leasing sector
EBRD provides debut loan in Tunisia leasing sector
Hesham Zakai
16 April 2014

The European Bank for Reconstruction and Development (EBRD) has made its debut in Tunisia’s leasing sector with a €15 million ($20.8 million) senior unsecured loan to local leasing company Compagnie Internationale de Leasing (CIL).

Citi announces second Mexican receivables-backed fraud
Citi announces second Mexican receivables-backed fraud
Dan Sheriff
15 April 2014

Citi has announced a second suspected fraud within the Mexican unit of its transaction banking operation. This follows hot on the heels of the $400 million Oceanografia fraud, which saw the bank having to revise down yearly earnings.

CIT Group arranges financing for Heron Ventures drybulk vessels
CIT Group arranges financing for Heron Ventures drybulk vessels
Jonathan Bell
15 April 2014

US-headquartered CIT Group, a global leader in transportation finance, acting through CIT Maritime Finance has provided a $95.2 million senior secured credit facility to Malta-based Heron Ventures, a joint venture between Oceanbulk Shipping and ABY Group Holding.

WTO forecasts modest growth in global trade for 2014
WTO forecasts modest growth in global trade for 2014
Jonathan Bell
14 April 2014

The World Trade Organisation (WTO) has forecast that global trade will grow at a modest rate of 4.7% in 2014, and at a slightly faster rate of 5.3% in 2015.

US Ex-Im signs financing agreement with PTA Bank
US Ex-Im signs financing agreement with PTA Bank
Jonathan Bell
14 April 2014

The Export-Import Bank of the United States (US Ex-Im) has signed a $100 million financing agreement with the Eastern and Southern African Trade and Development Bank (PTA Bank) to help further develop trade between the US and eastern and southern African countries.

International Bank of Azerbaijan signs oversubscribed trade loan
International Bank of Azerbaijan signs oversubscribed trade loan
Jonathan Bell
14 April 2014

International Bank of Azerbaijan (IBA) has signed a dual currency syndicated term loan facility amounting to $160 million with a group of international banks.