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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.

Platform power: Eeny, meeny, miny, moe – with which provider shall I go?
Platform power: Eeny, meeny, miny, moe – with which provider shall I go?
Hesham Zakai
16 September 2015

TXF’s Hesham Zakai ventures into the brave – but not so new – world of supply chain finance vendors and their respective offerings.

US Ex-Im, interest rates: the perfect storm for US exporters
US Ex-Im, interest rates: the perfect storm for US exporters
Dr. Rebecca Harding
16 September 2015

As the Fed prepares to make an announcement on US interest rates this week, spare a thought for the interests of US exporters. Already hit by the withdrawal of support from the Export-Import Bank of the United States (US Ex-Im), the export credit agency of the US government, a hike in rates could be the final straw reversing the US’ sustained export-led recovery following the crisis, as well as catalysing further declines in the provision trade finance globally.

Treasurers set to descend on Copenhagen for EuroFinance 2015
16 September 2015

Problems and solutions in cross border receivables transactions
Problems and solutions in cross border receivables transactions
Daniel Sheriff
16 September 2015

Problems and solutions in cross border receivables transactions

Boost for Croatian SMEs with EBRD loan to Raiffeisen Factoring
Boost for Croatian SMEs with EBRD loan to Raiffeisen Factoring
Jonathan Bell
16 September 2015

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €40 million ($45 million) to Raiffeisen Factoring. The loan will allow the financier to extend financing in the form of factoring to small and medium-sized enterprises (SMEs) and corporate clients in Croatia.

The saga of US Ex-Im
The saga of US Ex-Im
Valerie Colville
15 September 2015

CC Solutions' Valerie Colville discusses how the US export credit agency’s charter came to expire on 30 June, what is likely to come next, and what can be done to bring the bank back from the dead.

Shell selects Citi for European cash management
Shell selects Citi for European cash management
Jonathan Bell
15 September 2015

Shell, the global energy and petrochemicals company, has selected Citi’s treasury and trade solutions (TTS) division as its sole bank provider for cash management services across 16 countries in Europe.

Finacity and Wells Fargo boost trade receivables securitization for The Manitowoc Company
14 September 2015

ADB, Myanmar sign framework agreement to expand trade finance
9 September 2015

British firms blame export delays on access to finance
9 September 2015

Helios Investment Partners shows success story and repays $50 million OPIC loan
Helios Investment Partners shows success story and repays $50 million OPIC loan
Jonathan Bell
8 September 2015

The Overseas Private Investment Corporation (OPIC) reports that Helios Investment Partners (Helios) has repaid in full a $50 million loan that was issued by the US government’s development finance institution. The OPIC loan, which was issued in 2006, helped capitalise Helios Investors - a $305 million growth equity fund that invested across various sectors in sub-Saharan Africa.

Aon Risk Solutions appoints new head of business development, global trade credit
Aon Risk Solutions appoints new head of business development, global trade credit
Jonathan Bell
8 September 2015

Aon Risk Solutions, the global risk management business of Aon, has appointed Pieter van Ede as head of business development, global trade credit, with immediate effect. He will be based in Denver, Colorado.

Falcon Group in tie-up to boost UAE-Vietnam trade
8 September 2015

Ex JP Morgan trade head Daniel Cotti joins Bolero
Ex JP Morgan trade head Daniel Cotti joins Bolero
Jonathan Bell
7 September 2015

Trade finance specialist Bolero International has appointed former JP Morgan executive Daniel Cotti to its board of directors. In his new role as non-executive director, Cotti will further partnerships with the banking and finance community, as well as driving continued growth for the business and adding value to new and existing corporate relationships.

Standard Bank South Africa signs Ninja loan for trade use
Standard Bank South Africa signs Ninja loan for trade use
Jonathan Bell
7 September 2015

The Standard Bank of South Africa (SBSA) has signed a debut $139.3 million, syndicated Ninja loan facility. The funds will be used by SBSA for trade-related financing. The loan is a first for an African-based borrower.

Trade credit insurer Coface appoints new country manager of Japan
Trade credit insurer Coface appoints new country manager of Japan
Jonathan Bell
7 September 2015

Trade credit insurer Coface has appointed Yoshihiro Suchi as its new country manager in Japan. The appointment is effective from 28 September 2015.

Dow Chemical goes live with CargoDocs
3 September 2015

Markel expands in Dubai with trade credit appointment
Markel expands in Dubai with trade credit appointment
Jonathan Bell
3 September 2015

Markel International, the specialist insurer, has appointed Savita Mascarenhas as underwriter for its expanding trade credit operations in Dubai.

Louis Taylor appointed as the new CEO of UK Export Finance
Louis Taylor appointed as the new CEO of UK Export Finance
Jonathan Bell
2 September 2015

Louis Taylor has been appointed as the new chief executive officer (CEO) of the United Kingdom’s export credit agency UK Export Finance (UKEF). He takes up the role in October, and succeeds David Godfrey, who has been CEO since September 2013.

BTMU appoints new co-head of corporate banking for EMEA
BTMU appoints new co-head of corporate banking for EMEA
Jonathan Bell
2 September 2015

The Bank of Tokyo-Mitsubishi UFJ (BTMU) has appointed Sébastien Rozès as co-head of corporate banking for EMEA. This is a newly created role where Rozès will work closely with counterpart Yoshitake Manabe, the incumbent head of corporate banking for EMEA.

Adesina sworn in as new president of African Development Bank
Adesina sworn in as new president of African Development Bank
Jonathan Bell
1 September 2015

Former Nigerian agriculture minister, Akinwumi Adesina, has today been formally sworn in as the new president of the African Development Bank Group (AfDB) at a ceremony in Abidjan, Côte d’Ivoire. He is the eighth elected president of the development bank.

Euronav signs $750 million secured RCF
Euronav signs $750 million secured RCF
Jonathan Bell
1 September 2015

Antwerp-headquartered, tanker shipping company Euronav has signed a new $750 million senior secured amortising revolving credit facility (RCF). The facility provides the company with considerably cheaper funds than the 2011 loan agreements it is replacing.

Bladex and FMO co-arrange $60 million loan for Honduran Banco Ficohsa
Bladex and FMO co-arrange $60 million loan for Honduran Banco Ficohsa
Jonathan Bell
1 September 2015

Banco Latinoamericano de Comercio Exterior (Bladex) and the Dutch development bank FMO have co-arranged a $60 million A/B medium-term loan for Banco Financiera Comercial Hondureña (Banco Ficohsa), the largest bank in Honduras in terms of assets, capital and net earnings. Banco Ficohsa will use the funds to onlend to clients, particularly SMEs in their trade operations.

Misys survey reveals trade lending under biggest threat from non-bank players
Misys survey reveals trade lending under biggest threat from non-bank players
Jonathan Bell
1 September 2015

Banks cite SME lending (68%) and supply chain finance (61%) facing the greatest pressure from non-bank players. However, many also see new opportunities in strategic partnerships. The results come from a recent survey carried out by Misys, the financial software company.

JB's Industry Blog: August 28
JB's Industry Blog: August 28
Jonathan Bell
28 August 2015

Ahoy there me hearties! As a lover of the open seas, ships and all things maritime in general, I’m stuck in a seafaring lingo groove following my excursion to the Netherlands for a day out on the water during SAIL Amsterdam.

Siemens selects Deutsche Bank for further trade facilitation processing in China
Siemens selects Deutsche Bank for further trade facilitation processing in China
Jonathan Bell
27 August 2015

In an announcement today, Deutsche Bank has implemented a Receivables on Behalf Of (ROBO) solution for Siemens Financial Services (SFS) in China, for both intra-group and third party cross-border receivables. The development, one of the first of its kind for a multinational, will help SFS reduce costs and manual processes in trade.

Jin Liqun named as first president of AIIB
Jin Liqun named as first president of AIIB
Jonathan Bell
26 August 2015

Jin Liqun has been selected as president–designate of the Asian Infrastructure Investment Bank (AIIB) at the 6th meeting of chief negotiators representing the bank's 57 prospective founding members in Tbilisi, Georgia.

NBAD appoints head of trade for MENA
NBAD appoints head of trade for MENA
Jonathan Bell
26 August 2015

National Bank of Abu Dhabi has appointed Sonam Kapadia as the head of trade for the Middle East and North Africa (MENA) region.

Bibby Financial Services expands into Malaysia
Bibby Financial Services expands into Malaysia
Jonathan Bell
26 August 2015

Independent SME funding specialist Bibby Financial Services (BFS) is expanding into Malaysia with the ramping up of its existing offices in Iskandar. Alan Wong has also been appointed as director of sales to handle the expansion.

StanChart completes first BPO transaction in the Middle East auto sector
StanChart completes first BPO transaction in the Middle East auto sector
Jonathan Bell
24 August 2015

Standard Chartered Bank (StanChart) has completed the first Bank Payment Obligation (BPO) transaction in the automotive industry for Mohammed Naser Al-Sayer and Sons (Al-Sayer), one of the largest automotive dealers in the Middle East. The transaction facilitates a shipment of vehicles to Kuwait.

Advantage Tankers secures $61 million through CIT
Advantage Tankers secures $61 million through CIT
Jonathan Bell
21 August 2015

CIT Maritime Finance, part of the transportation finance specialist CIT Group, has arranged a $61 million senior secured credit facility to Advantage Tankers, a Marshall Islands-based holding company established to acquire an operating fleet of crude tankers

Trade Finance Market platform launches targeting exporters and investors
Trade Finance Market platform launches targeting exporters and investors
Jonathan Bell
21 August 2015

A new trade platform has launched - Trade Finance Market (TFM) – targeting both exporters and investors. Based out of Singapore, the founders say the platform “enables investors to earn higher returns through securely financing exporters in emerging markets”.

Turkey’s TEB secures $613 million for trade onlending
Turkey’s TEB secures $613 million for trade onlending
Jonathan Bell
20 August 2015

Türk Ekonomi Bankasi (TEB) has secured a total of $613.5 million in loans through an international syndicate comprised of 33 banks. The proceeds will be used by the borrower for export trade finance activities by onlending to clients.

SACE tops ECA table, as big-hitters see slowdown
SACE tops ECA table, as big-hitters see slowdown
Oliver Gordon
20 August 2015

In a development that might raise a few eyebrows in the export finance world, Italian export credit agency (ECA) SACE has topped the ECA export finance table in the first half of the year – according to TXF’s H1 Export Finance Report.

Simon Jones joins TD Securities as EMEA head of export finance
Simon Jones joins TD Securities as EMEA head of export finance
Jonathan Bell
19 August 2015

Simon Jones has joined TD Securities as head of export & agency finance for the Europe, Middle East and Africa (EMEA) regions. He will be based in London.

Banco ABC Brasil secures $200 million loan
Banco ABC Brasil secures $200 million loan
Jonathan Bell
19 August 2015

Banco ABC Brasil acting thorough its Cayman Islands Branch, has successfully closed a $200 million syndicated term loan facility. The funds will be used for general corporate purposes including onlending to clients for trade-related loans.

Deutsche Bank provides $30 million structured loan to Huawei in Indonesia
Deutsche Bank provides $30 million structured loan to Huawei in Indonesia
Jonathan Bell
18 August 2015

Deutsche Bank has arranged and provided a $30 million structured trade finance facility to Huawei Tech Investment in Indonesia, a wholly-owned subsidiary of the Chinese multinational telecoms Huawei Technologies Company (Huawei). The funds will be used for the sale of equipment to a local broadband company.

Wells Fargo makes hire to lead European push of supply chain finance
Wells Fargo makes hire to lead European push of supply chain finance
Jonathan Bell
18 August 2015

Wells Fargo Capital Finance, part of Wells Fargo & Company has appointed Nick Lawrence as managing director for supply chain finance as it finalises the build out of its European platform to support all three international products, channel finance, supplier finance and sales finance.

Sovereign financings see Middle East reign in export finance
Sovereign financings see Middle East reign in export finance
Oliver Gordon
18 August 2015

The Middle East was the top destination for export finance in the first half of the year, surging 18% year-on-year – TXF’s H1 Export Finance Report revealed this week.

Credit insurer Euler Hermes launches Euler Hermes Energy in North American market
Credit insurer Euler Hermes launches Euler Hermes Energy in North American market
Jonathan Bell
18 August 2015

International credit insurance company Euler Hermes has launched a new division - Euler Hermes Energy. The new division will be North American-based and focus on essential credit support and risk management solutions for the energy industry.

Syndication launched on $125 million loan for United Arab Bank
Syndication launched on $125 million loan for United Arab Bank
Jonathan Bell
18 August 2015

General syndication has been launched today for a $125 million term loan for United Arab Bank (UAB). The facility will be used by UAB for general corporate purposes, including onlending to clients for trade loans.