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Results found: 7872
Renminbi support
Renminbi support
Paul Walsh
12 October 2015

The UK government aims to help make London the leading centre for offshore renminbi (RMB) business outside China, not least because the currency has now overtaken the euro

Asian trade flows
Asian trade flows
Geetha Muralidhar
12 October 2015

Asia is the world’s workshop and it has also emerged as the engine of growth in global trade, eclipsing Europe. Asia is now the centre of global expansion, driving trade growth in developed economies and in other emerging markets. Intra-regional trade in Asia is expected to surpass that of Europe by 2016.

MENA perspective
MENA perspective
Karim Nasrallah
12 October 2015

Although notable changes have been witnessed across the Middle East and North Africa (MENA) region in the past few decades, the region has undeniably transformed as of late

Sub-Saharan Africa and the role of ECIC
Sub-Saharan Africa and the role of ECIC
Kutoane Kutoane
12 October 2015

Following the international trend in the creation of export credit agencies (ECAs) after World War II, South Africa began to offer official support for export transactions in 1957. Instead of creating a dedicated ECA, reinsurance cover was made through the Department of Trade and Industry

NAFTA and Bancomext
NAFTA and Bancomext
Luis Humberto Villalpando Venegas
12 October 2015

The North American Free Trade Association (NAFTA) came into effect on 1 January 1994, and with it arrived a fundamental structural change. In fact, Mexico embraced an ambitious process of economic opening

Political risk on the rise
Political risk on the rise
Valerio Ranciaro
12 October 2015

Over the past four years the global level of risk has been relatively stable, notwithstanding differences between the advanced economies and the emerging markets: the former have been strongly impacted by the 2007 financial crisis, with a consistent increase in SACE’s credit risk indicator; the latter have - on average - maintained

Local currency risk
Local currency risk
Chris Vermont
12 October 2015

Local currency finance is often viewed as exotic and difficult to execute but, with care, offshore guarantors can enable financing better suited to local borrowers. GuarantCo has issued 30 guarantees, the vast year

Risk claims analysis
Risk claims analysis
Maxence Mormede
12 October 2015

Maxence Mormède, chief investment officer (CIO) advanced fixed income* at Allianz Global Investors explains the approach taken in assessing and analysing claims and default scenarios.

Claims process for single transaction risk
Claims process for single transaction risk
Olivier David
12 October 2015

While whole turn-over credit insurers are accustomed to dealing with seven to 10-year economic cycles in their core OECD market, and to dealing with thousands of small claims every month, single situation credit and political risk insurers face large and unexpected events: outside any cycle, outside any reliable statistic.

BNY Mellon to provide trade processing services to KeyBank
BNY Mellon to provide trade processing services to KeyBank
Jonathan Bell
12 October 2015

KeyBank of the USA has contracted BNY Mellon to provide private label trade processing services to KeyBank’s global trade group. The arrangement will see KeyBank integrate BNY Mellon's back office capabilities and experience to enhance its global trade platform and offering.

Claims 2015 – the Hiscox perspective
Claims 2015 – the Hiscox perspective
Victoria Padfield
12 October 2015

The world continues to present insurers with lots of challenges. The global financial crisis hit insurers hard and we are still making strong recoveries. In the old insurance model we’d have had a year of pain, then a number of years of recovery and then the good years of nice stable income to ready ourselves for the next downturn

Conflicts and global political risks
Conflicts and global political risks
Antoinette Valsamakis
12 October 2015

Geopolitics and international conflict were identified by the WEF at the beginning of 2015, as the primary risks facing business in the world today. However, the fragility of the recovery following the 2008 global financial crisis is, perhaps, of even greater concern to business generally and ECAs in particular

ECAs and short-term credit insurance
ECAs and short-term credit insurance
Seung Taek Baek
12 October 2015

Seung Dal Baek, K-sure’s senior director of short-term business department, reviews how insurers are coping with new demands from corporates in a difficult market.

Academic research and export credit insurance
Academic research and export credit insurance
Prof. Dr. Andreas Klasen
12 October 2015

If we think about academic research, we often think about theory development and testing with no or little concern for impact on the real world. We sometimes believe that researchers are university-based and have

Direct lending – UKEF
Direct lending – UKEF
Margaret Eyres
12 October 2015

In the years following the 2007-08 financial crisis, UK Export Finance (UKEF) watched the increased use of direct lending schemes by ECAs with interest.

Policy analysis of the Indian ECA
Policy analysis of the Indian ECA
Geetha Muralidhar
12 October 2015

Exporters – large, medium, small or tiny – play a vital role in any economy. Creating a business-friendly environment for these companies to help increase exports is critical for any country. ECGC, in its role as the national

 BPO and short-term credit insurance
BPO and short-term credit insurance
Markus Wohlgeschaffen
12 October 2015

By Markus Wohlgeschaffen, global head of trade products, UniCredit and member of the banking advisory board, International Chamber of Commerce (ICC); and Andre Casterman, global head of corporate and trade markets, SWIFT and chair of the BPO project

Fintech-fuelled change offers unprecedented opportunities for banks
Fintech-fuelled change offers unprecedented opportunities for banks
Jonathan Bell
12 October 2015

A new report released by BNY Mellon explores the influence of fintech alliances on global payments, and suggest that these changes taking place in the payments space provide numerous opportunities for trade banks.

Sibos 2015: China Systems and Accuity partner on trade finance and supply chain solutions
Sibos 2015: China Systems and Accuity partner on trade finance and supply chain solutions
Jonathan Bell
12 October 2015

Accuity, a global provider of payments, KYC, risk and compliance solutions, has partnered with China Systems, the trade finance software solutions vendor, to create a SWIFT certified trade and supply chain finance product providing seamless compliance checks for trade finance transactions.

Trade facing stormy waters
Trade facing stormy waters
Oliver Gordon
8 October 2015

The global economy finds itself in an exceptional position: while world GDP continues to grow at a healthy rate, world trade is declining and facing some gusty headwinds. The coming months remain key: if the recent turmoil in the financial markets continue, the world could be facing another economic downturn.

China launches CIPS clearing platform and banks quick to enact business
China launches CIPS clearing platform and banks quick to enact business
Jonathan Bell
8 October 2015

China has today officially launched its new global clearing platform for real time renminbi (RMB) settlement, known as the Cross Border Interbank Payment System (CIPS), and some of the big international banks have been quick to enact business under the platform for their trade customers. Perhaps most notably, Standard Chartered has successfully completed an RMB clearing transaction from China to Luxembourg for IKEA.

Ukraine banks on EBRD deal for gas purchases
8 October 2015

Banks still best for supply chain finance
Banks still best for supply chain finance
Oliver Gordon
7 October 2015

Banks, rather than “thinly-capitalised” fintech providers, are still best placed to provide supply chain finance (SCF) programmes to corporate buyers, Citi’s EMEA supply chain finance head, Parvais Dalal, tells TXF.

India’s IDFC Bank selects Misys for treasury and trade services
India’s IDFC Bank selects Misys for treasury and trade services
Jonathan Bell
7 October 2015

India’s newly-formed IDFC Bank has selected financial software company Misys as its preferred partner for its treasury and trade-related services. Under the agreement, IDFC Bank will use Misys FusionBanking Trade Services and Misys FusionCapital Kondor to underpin its trade finance and treasury services channels and operations.

Chinese RMB in world payment currencies top 4
6 October 2015

Atradius chooses Bolero solutions for surety bonds branch
Atradius chooses Bolero solutions for surety bonds branch
Jonathan Bell
6 October 2015

Credit insurer Atradius has chosen the financial solution provided by Bolero to efficiently process corporate transactions for corporate customers in its surety bonds branch. The electronic platform is expected to help Atradius open the door to transactions with new clients that already use Bolero.

Trans-Pacific Partnership agreement finally reached
Trans-Pacific Partnership agreement finally reached
Jonathan Bell
5 October 2015

After five years of negotiations, agreement has been reached today in Atlanta on the far-reaching Trans-Pacific Partnership (TPP) trade deal. The TPP – an agreement between the United States, Japan and 10 other Pacific Rim nations - is the largest regional trade agreement in history.

As the engine of global trade, SMEs need help
As the engine of global trade, SMEs need help
Vincent O'Brien
2 October 2015

According to the International Chamber of Commerce (ICC) 2015 Global Survey of Trade Finance, SMEs are struggling to access finance despite playing a key role as both direct import/export traders and as part of global supply chains. Vincent O’Brien, trade finance expert and chair of the ICC Banking Commission Market Intelligence, addresses the importance of securing financing for SMEs in order to boost global trade.

Zurich names new US executive as Riordan departs
2 October 2015

SME trade finance gaps and diminishing correspondent banking highlighted by ICC survey
SME trade finance gaps and diminishing correspondent banking highlighted by ICC survey
Hesham Zakai
30 September 2015

Small and medium-sized enterprises (SMEs) are among the hardest-hit by the trade finance gap – accounting for more than half of all rejected transactions, according to the International Chamber of Commerce (ICC) Banking Commission’s 2015 Global Survey.

BAFT publishes oil and gas best practices financing report
BAFT publishes oil and gas best practices financing report
Jonathan Bell
30 September 2015

The financial services association BAFT has published a new guide designed to help practitioners involved in oil and gas financing transactions. The Oil and Gas Industry: A Practical Guide to Independent Undertakings was developed by BAFT’s oil & commodity letter of credit (LC) working group.

Russia sanctions and trade finance: time to update procedures
Russia sanctions and trade finance: time to update procedures
Matthew Oresman
29 September 2015

Sanctions on Russia and Crimea have introduced additional regulatory and commercial considerations for companies engaging in business transactions with certain parties in Russia and Ukraine. These sanctions continue to evolve regularly, and the US, EU, and other countries are working to ensure that existing provisions have sustained impact.

EuroFinance '15: Supply chain finance – not always a win win win
EuroFinance '15: Supply chain finance – not always a win win win
Oliver Gordon
25 September 2015

The usual spiel given by the supply chain finance (SCF) salesman to the corporate buyer is that a SCF programme is a 'win, win, win' solution: a nifty, cutting-edge innovation that saves every party involved a whole load of time, hassle and – most importantly – money. Simple stuff, right? Not so, according a few treasurers who have implemented SCF programmes for large multinational buyers.

EuroFinance '15: Supply chain finance – not always a win win
EuroFinance '15: Supply chain finance – not always a win win
Oliver Gordon
25 September 2015

The usual spiel given by the supply chain finance (SCF) salesman to the corporate buyer is that a SCF programme is a 'win, win, win' solution: a nifty, cutting-edge innovation that saves every party involved a whole load of time, hassle and – most importantly – money. Simple stuff, right? Not so, according a few treasurers who have implemented SCF programmes for large multinational buyers.

RMB’s internationalisation: challenges and opportunities for European corporates
RMB’s internationalisation: challenges and opportunities for European corporates
Barbara Herbert and Michael Rugilo
25 September 2015

World markets are reacting strongly to the recent devaluations of the Chinese renminbi (RMB), and corporates could be forgiven for fearing difficult trade environments. But Barbara Herbert, renminbi specialist for Commerzbank transaction services, and Michael Rugilo, Asia expert for Commerzbank corporates & markets

EuroFinance '15: More UK SMEs looking to export, says Lloyds
EuroFinance '15: More UK SMEs looking to export, says Lloyds
Oliver Gordon
24 September 2015

More small and medium-sized enterprises (SMEs) are seeking to export their goods and services abroad following a government export push in recent years, a couple of senior Lloyds bankers tell TXF.

Benin, Cote d'Ivoire and Ethiopia set for ATI membership after loans
24 September 2015

ABAC supports MSME inclusion
24 September 2015

EuroFinance '15: Barroso expresses concern whether TTIP will happen
EuroFinance '15: Barroso expresses concern whether TTIP will happen
Oliver Gordon
23 September 2015

Former President of the European Commission, and one of the initial architects of the Transatlantic Trade and Investment Partnership (TTIP), José Manuel Barroso stated he was concerned that the proposed landmark trade agreement between the US and the EU may not be completed.

EuroFinance '15: Barroso expresses concern whether TTIP will happen
EuroFinance '15: Barroso expresses concern whether TTIP will happen
Oliver Gordon
23 September 2015

Former President of the European Commission, and one of the initial architects of the Transatlantic Trade and Investment Partnership (TTIP), José Manuel Barroso stated he was concerned that the proposed landmark trade agreement between the US and the EU may not be completed.

EuroFinance '15: Barroso expresses concern whether TTIP will happen
EuroFinance '15: Barroso expresses concern whether TTIP will happen
Oliver Gordon
23 September 2015

Former President of the European Commission, and one of the initial architects of the Transatlantic Trade and Investment Partnership (TTIP), José Manuel Barroso stated he was concerned that the proposed landmark trade agreement between the US and the EU may not be completed.

France’s AFD signs €100 million credit with Afreximbank for trade finance
France’s AFD signs €100 million credit with Afreximbank for trade finance
Jonathan Bell
18 September 2015

The French development finance institution Agence Française de Développement (AFD) has signed a €100 million ($112.5 million) line of credit facility agreement with the African Export-Import Bank (Afreximbank) in Cairo today to support the African trade finance bank in its interventions to transform the structure of African trade.

Basel III: where do we stand?
Basel III: where do we stand?
Oliver Gordon
17 September 2015

Oliver Gordon catches up with some leading figures to discuss whether trade finance is still being unfairly penalised under the Basel III framework.

Turkey's Isbank secures syndicated loan worth $1.18bn
17 September 2015

New chief executive named at GE Transportation
17 September 2015

Turkey’s İşbank secures $1.2 billion syndicated loan for trade finance
Turkey’s İşbank secures $1.2 billion syndicated loan for trade finance
Jonathan Bell
16 September 2015

Türkiye İş Bankası (İşbank) has secured a $1.2 billion syndicated loan from a total of 42 banks from 20 countries. The proceeds of the loan will be used by the borrower for general trade finance activities.

A sea change in trade finance
A sea change in trade finance
Oliver Gordon
16 September 2015

At a time when digitisation, regulation and new liquidity are on the rise, Hesham Zakai explores how these factors are changing the trade-finance landscape.

A sea change in trade finance
A sea change in trade finance
Oliver Gordon
16 September 2015

At a time when digitisation, regulation and new liquidity are on the rise, Hesham Zakai explores how these factors are changing the trade-finance landscape.

A sea change in trade finance
A sea change in trade finance
Hesham Zakai
16 September 2015

At a time when digitisation, regulation and new liquidity are on the rise, Hesham Zakai explores how these factors are changing the trade-finance landscape.

The burning issues facing the trade sector
The burning issues facing the trade sector
Jonathan Bell
16 September 2015

Jonathan Bell talks with David Hennah, head of trade and supply chain finance, transaction banking, Misys, about the burning issues of regulation and compliance, disruptors within trade, globalisation, standardisation and digitisation.