TXF Americas 2020
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
Misys, the financial software provider, has just launched Misys FusionBanking Corporate FrontOffice, a unified corporate client front end, which is integrated with enterprise pricing and credit lifecycle management.
The export credit agencies (ECA), Export Development Canada (EDC) and Korea Trade Insurance Corporation (K-sure), have agreed to collaborate on transactions involving Canadian and South Korean companies. The move comes shortly after Canada and South Korea signed a landmark free trade deal, considerably increasing trade ties between the two countries.
SWIFT’s RMB Tracker, which provides a monthly report on the international use of the renminbi (RMB), has found that global RMB payments have nearly tripled in value over the past two years, with one third of financial institutions now actively using RMB for payments to China and Hong Kong. This signals a 35% growth in the number of institutions doing so.
Finnish export credit agency (ECA) Finnvera has extended its export credit guarantees programme to industrial companies making export related investments in Finland, following a change in the country’s Export Guarantee Act.
The Overseas Private Investment Corporation (OPIC) has issued its first-ever ‘green’ guarantees to eligible US investors in domestic debt capital markets. These US government-guaranteed obligations adhere to the Green Bond Principles of 2014, developed in collaboration with leading capital markets issuers, investors, underwriters and environmental groups.
The European Bank for Reconstruction and Development (EBRD) held its annual trade facilitation programme (TFP) trade finance forum in London on the 22nd and 23rd of September. The conference included a range of panels and presentations, on topics varying from local currency and capital markets development, to factoring in EBRD countries of operations.
The International Chamber of Commerce (ICC) has appointed Luis Fernando Barbosa Sahagun as the new vice-chair of the Commission on Customs and Trade Facilitation.
Markel International, the specialist trade insurer, has appointed Leroy Almeida to head up its office in Dubai. The appointment follows Markel’s application to the Dubai Financial Services Authority (DFSA) to establish a company to operate within the Dubai International Financial Centre (DIFC).
Sace, Italy’s export credit agency (ECA), has strengthened its commitment to supporting the internationalisation of Italian SMEs with a new debt fund that will subscribe to bonds issued by companies pursuing exports and international development
The Overseas Private Investment Corporation (OPIC), has apointed Mildred Callear as vice president for financial and portfolio management. In the role she will oversee efforts to maintain and ensure the progress of OPIC’s active worldwide portfolio.
Shareholders of the African Export-Import Bank (Afreximbank) have given a boost to the agency’s operations in the form of a $500 million capitalisation, after authorising a share offering to the bank’s existing shareholders.
The International Finance Corporation (IFC) is to support the Myanmar commercial bank, Yoma Bank, with a $5 million convertible loan and advisory services.
İşbank, Turkey’s largest private bank, has secured a $1.3 billion loan from 41 banks across 18 countries. The loan has a one-year maturity period, and a one year extension option.
The Export-Import Bank of Hungary (Hungarian Exim) is to provide a significant boost to SMEs and midcaps in the country, after it received a €200 million ($257 million) credit line from the European Investment Bank (EIB) to support their endeavours.
TXF asesses HSBC’s most recent global trade report, which focuses on the changing role played by emerging market economies in the landscape of the global economy.
Euler Hermes has appointed Mahan Bolourchi as its new chief executive officer (CEO) for the GCC (Gulf Cooperation Council) region. He will have responsibility for Euler Hermes operations in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
New York-based consultancy firm, Banksville Partners (BP), has appointed Hugo Pezzoni to its Buenos Aires office.
The International Islamic Trade Finance Cooperation (ITFC), a member of the Islamic Development Bank Group, has signed a $45 million murabaha agreement with Turkey’s Aktif Bank.
The Standard Bank of South Africa has signed a $560-million, 36-month term loan facility with a club of international banks.
The International Trade and Forfaiting Association (ITFA), formerly the International Forfaiting Association (IFA), has undergone an ambitious revamp focused on playing a bigger role in a changing market landscape and building a more viable structure for the future.
EssDOCS, the provider of electronic documentation solutions within shipping and trade, has opened its first regional Americas headquarters office in Hoboken, New Jersey.
Finacity corporation (Finacity), the receivables finance company, has assisted the closing and funding of an $80 million supplier finance company on behalf of a US company.
In a recent report produced by BNY Mellon, the bank believes that London and Singapore could become key offshore renminbi (RMB) payments centres alongside Hong Kong by 2020.
Misys, the financial software provider, has just launched Misys Connect, a suite of programmes designed to give customers direct access and links to cross-functional teams and expertise.
Ecobank Nigeria, a member of the pan-African Ecobank Group, has successfully concluded a highly-anticipated $200 million bond issuance aimed at raising needed capital for its operations. The issuance was carried out with advisory services provided by the African Export-Import Bank (Afreximbank).
UK-headquartered Standard Chartered bank (StanChart) has appointed former Citi employee Karin Flinspach as its new head of cash products for transaction banking.
Euler Hermes UK has appointed Guillaume Simonnet as new senior regional commercial underwriter.
Bolivia’s second largest bank in Bolivia by market share, Banco Nacional de Bolivia (BNB), has joined the International Finance Corporation’s (IFC) Global Trade Finance Programme (GTFP).
The World Bank’s International Finance Corporation, (IFC) has signed to provide Banco Bilbao Vizcaya Argentaria Paraguay, a subsidiary of Grupo BBVA, with a $60 million loan to expand access to finance for small and medium-sized entrepreneurs in the export sector and to promote international trade.
Singapore-headquartered DBS Bank, which has made significant strides in its transaction banking offering over the past few years, has made two senior management appointments which will enable it to build on the solid momentum of the past five years. These changes reinforce DBS’ commitment to building a regional leading transaction banking business, one of the bank’s strategic priorities.
The International Forfaiting Association (IFA), the world’s premier body for trade finance, is holding its 41st Annual Conference in Barcelona from 10-12 September 2014.
Deutsche Bank has appointed Peter Massion as head of global transaction banking (GTB) and head of trade finance and cash management corporates (TF/CMC) in Japan. The move, which was effective as of the 1st of September, comes as part of Deutsche Bank’s attempt to strengthen its influence in the rapidly growing region.
Zimbabwe’s FBC Bank (FBC) has received a significant boost in its liquidity profile with a $60 million loan arranged by a syndicate of local and international banks. The financing has been facilitated by the support of African Export-Import Bank (Afreximbank), which is providing a comprehensive guarantee.
Santander has appointed Ivan Leung as head of export and agency finance, Asia-Pacific, global transaction banking. No announcement was made by Santander, although the bank has confirmed the appointment with TXF.