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HSBC’s latest global report forecasts trade acceleration from 2017
HSBC’s latest global report forecasts trade acceleration from 2017
Jonathan Bell
29 May 2015

HSBC has just released its latest Trade Forecast report, which notes that advanced economies look set to sustain global commerce through 2016 before an emerging market recovery, and potentially from 2017 onwards a series of game-changing trade liberalisation agreements, accelerates growth back to levels last seen before the financial crisis.

ICC can rekindle banks’ contract with society
ICC can rekindle banks’ contract with society
Daniel Schmand
29 May 2015

Deutsche Bank’s Daniel Schmand is the International Chamber of Commerce’s (ICC) Banking Commission new chairman. Here, he sets out his vision for the trade finance industry’s leading advocate organisation – stating that it should help banks use trade finance to rekindle their contract with society.

Jumping hurdles: Sprint’s ECA trifecta
Jumping hurdles: Sprint’s ECA trifecta
Oliver Gordon
29 May 2015

BEST AMERICAS ECA FINANCE DEAL OF THE YEAR Ollie Gordon assesses the structuring that was required to deliver success for the Sprint telecoms financing in the US.

 Star Rafineri: breaking ground in ECA multisourcing
Star Rafineri: breaking ground in ECA multisourcing
Dalia Gebrial
29 May 2015

BEST OVERALL ECA/PROJECT FINANCE DEAL OF THE YEAR Dalia Gebrial reviews a complex multisource finance bringing seven export credit agencies together in Turkey.

Right place, right time
Right place, right time
Oliver Gordon
28 May 2015

Despite a sluggish outlook for Latin American regional growth over 2015, BBVA’s Carlos Herrera and Sandra Nolasco tell Ollie Gordon how the resilient performance of the Pacific Alliance countries has given the bank a reason to be cheerful.

Right place, right time
Right place, right time
Oliver Gordon
28 May 2015

Despite a sluggish outlook for Latin American regional growth over 2015, BBVA’s Carlos Herrera and Sandra Nolasco tell Ollie Gordon how the resilient performance of the Pacific Alliance countries has given the bank a reason to be cheerful.

TAG’s top 5 dealmakers
TAG’s top 5 dealmakers
Oliver Gordon
28 May 2015

TXF recently caught up with the five most prolific dealmakers on tagmydeals (TAG) to find out a little bit about them, their favourite deals from 2014, and their outlooks for 2015. These top taggers cover a broad spectrum of trade financing industries – including export finance, structured commodity finance and project finance – and provide crucial, on-the-ground insight into what the market looks like from the perspective of those getting their hands dirty putting the deals together.

RMB tops Asia-Pacific charts for payments with Greater China
27 May 2015

Euler Hermes France launches EH Fraud Cover
27 May 2015

Isbank Germany licenses Surecomp trade finance package
27 May 2015

JB's weekly round up - 27 May 2015
JB's weekly round up - 27 May 2015
Jonathan Bell
27 May 2015

As with any given seven-day period in the modern age of news reportage, last week was chock-a-block full of current affairs shockers, geopolitical wranglings, cyclical sporting accomplishments and surprisingly changeable weather patterns. However, the news on everyone’s lips was surely the long-anticipated launch of the TXF Chronicle…

Scotiabank strengthens European GTB team
Scotiabank strengthens European GTB team
Jonathan Bell
26 May 2015

Scotiabank has appointed Karl Klink as director trade finance sales to further strengthen its European global transaction banking (GTB) presence.

Introducing… the TXF Chronicle
Introducing… the TXF Chronicle
Oliver Gordon
26 May 2015

As with any given seven-day period in the modern age of news reportage, last week was chock-a-block full of current affairs shockers, geopolitical wranglings, cyclical sporting accomplishments and surprisingly changeable weather patterns. However, the news on everyone’s lips was surely the long-anticipated launch of the TXF Chronicle…

Equinox Global appoints new head of UK and Ireland
Equinox Global appoints new head of UK and Ireland
Jonathan Bell
26 May 2015

Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has appointed Nick King as head of UK and Ireland. He will join Equinox on 6 July 2015. Based in London, he will report to Mike Holley, chief executive of Equinox Global.

IFC and Ecobank arrange facility for SME financing in conflict-affected African states
IFC and Ecobank arrange facility for SME financing in conflict-affected African states
Jonathan Bell
26 May 2015

International Finance Corporation (IFC) and Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group have launched a $110 million risk-sharing facility that will increase access to finance for small and medium sized enterprises in fragile and conflict-affected states in West and Central Africa.

Nokia selects GTC’s multi-bank platform for managing trade documents
Nokia selects GTC’s multi-bank platform for managing trade documents
Jonathan Bell
26 May 2015

Nokia Corporation (Nokia) has selected GlobalTrade Corporation’s (GTC) @GlobalTrade multi-bank trade finance platform for managing export documentary credits and bank guarantees globally. Nokia has also selected SWIFT MT 798 messages as its preferred standard for communication with its financial institutions.

Finacity advises on government receivables funding programme
Finacity advises on government receivables funding programme
Dalia Gebrial
26 May 2015

Finacity Corporation (Finacity), the receivables finance company, has announced it has served as advisor – and will serve as ongoing reporting administrator – for a new $50 million US government obligations-only receivables funding programme.

JB's weekly round up - 25 May 2015
JB's weekly round up - 25 May 2015
Jonathan Bell
25 May 2015

On the afternoon of 16th July in London, TXF will be hosting a complimentary event on CAPEX and Project Financing in Africa. The event will bring together corporates, banks and agencies with an interest in doing more business in Africa. The event will be followed by TXF summer drinks, where all are welcome.

HSBC appoints Asia-Pacific head of large corporates for commercial banking
HSBC appoints Asia-Pacific head of large corporates for commercial banking
Jonathan Bell
21 May 2015

Matthew Kirkby has been appointed as regional head of large corporates for HSBC's commercial banking (CMB) business in Asia-Pacific, with effect from 6 July 2015.

BAML appoints new head of trade
BAML appoints new head of trade
Dalia Gebrial
20 May 2015

Bank of America Merrill Lynch (BAML) has appointed Percy Batliwalla as its new head of global trade and supply chain finance.

UniCredit hires new head of trade finance, France
UniCredit hires new head of trade finance, France
Dalia Gebrial
20 May 2015

UniCredit has appointed Dominique Honoré as its new head of trade finance international sales for France.

SG launches Middle East structured finance hub
SG launches Middle East structured finance hub
Jonathan Bell
19 May 2015

Société Générale (SG) has strengthened its presence in the Middle East by establishing a structured finance platform at its hub in Dubai.

IADB closes green bond issuance to support Mexican energy financing
IADB closes green bond issuance to support Mexican energy financing
Jonathan Bell
19 May 2015

The Inter-American Development Bank (IDB) and the Clean Technology Fund (CTF) have closed the first phase of a $125 million financing for energy efficiency projects developed by Mexican energy service companies (ESCOs) through the issuance of green bonds in the local capital markets.

ADB extends emergency trade finance facility to Nepal
ADB extends emergency trade finance facility to Nepal
Dalia Gebrial
19 May 2015

The Asian Development Bank (ADB) has expanded its trade finance programme (TFP) in Nepal by $40 million in order to help local banks finance the import of goods needed for reconstruction and immediate relief in the wake of the recent earthquake.

EBRD collaborates with BasisBank in Georgia
EBRD collaborates with BasisBank in Georgia
Dalia Gebrial
19 May 2015

The European Bank for Reconstruction and Development (EBRD) is providing Georgia’s BasisBank with a $31.5 million loan package in order to promote small and medium-sized enterprises (SMEs), energy efficiency measures and access to trade finance.

Romania’s BCR joins the IFC’s Global Trade Finance Programme
Romania’s BCR joins the IFC’s Global Trade Finance Programme
Jonathan Bell
19 May 2015

International Finance Corporation (IFC) and Banca Comercială Română (BCR) are joining forces to expand the availability of trade finance for importers and exporters in Romania to help spur economic growth and create jobs.

ANZ launches Trade Lending Pledge to encourage trade with Asia
ANZ launches Trade Lending Pledge to encourage trade with Asia
Dalia Gebrial
18 May 2015

The Australia and New Zealand Bank (ANZ) has launched its $3 billion Trade Lending Pledge for small and medium-sized Australian businesses looking to either grow or trade with offshore markets, with a particular focus on Asia.

JB's weekly round up - 15 May 2015
JB's weekly round up - 15 May 2015
Jonathan Bell
18 May 2015

Next week is the start of a hectic period for TXF. We launch the inaugural “TXF Chronicle”, our latest industry special report. We’ll also be joined by 200 of the commodity finance world’s great and good in Amsterdam for our annual conference and industry dinner. I’m really looking forward to catching up with some good friends, and getting a proper sense of market activity. Click here to see who else will be there.

Fifty shades of corruption
Fifty shades of corruption
Guest Contributor
18 May 2015

When two prominent MPs (members of parliament) had to announce they would step down before the recent election after being caught on camera discussing taking cash for questions and influence, it made me strangely proud of the UK.

FIMBank appoints new chief risk officer
FIMBank appoints new chief risk officer
Jonathan Bell
18 May 2015

FIMBank has appointed Ronald Haverkorn as its new chief risk officer. The appointment comes following the bank’s financial results for 2014 report earlier this year in which it posted a pre-tax loss of $53.43 million.

Boeing threatens to move manufacturing if US Exim is not reauthorised
Boeing threatens to move manufacturing if US Exim is not reauthorised
Dalia Gebrial
18 May 2015

In a recent interview with the Financial Times, Scott Scherer, Boeing’s head of regulatory strategy, has said that the aerospace and defence group would consider taking action should US export credit agency (ECA) the Export-Import Bank of the United States (US Ex-Im) not be reauthorised on 30 June.

UKEF creates interactive toolkit for insurance brokers
UKEF creates interactive toolkit for insurance brokers
Jonathan Bell
15 May 2015

The United Kingdom’s (UK) export credit agency, UK Export Finance (UKEF), has set-up an innovative, new online and interactive guide to help credit insurance brokers work with their clients to access government-backed export insurance.

Demica appoints Tim Davies first Europe head of origination
Demica appoints Tim Davies first Europe head of origination
Dalia Gebrial
15 May 2015

Working capital solutions provider Demica has appointed Tim Davies to the newly created role of head of origination, Europe. He will report directly to Demica’s chief executive officer (CEO) Matt Wreford.

HSBC appoints Asia-Pacific head of GTRF
HSBC appoints Asia-Pacific head of GTRF
Jonathan Bell
15 May 2015

HSBC has appointed Tan Siew Meng the newly created role of regional head global trade and receivables finance (GTRF) Asia-Pacific, with effect from 1 July 2015. This is a new role that brings together management responsibility for GTRF Asia-Pacific, including Hong Kong and Macau.

SACE signs agreement in support of Iranian ECA
SACE signs agreement in support of Iranian ECA
Dalia Gebrial
15 May 2015

Italian export credit agency (ECA) SACE has signed a technical cooperation agreement to increase the capacity of the Iranian ECA, Export Guarantee Fund of Iran (EGFI).

Reliance Infocomm signs $750 million K-sure backed loan
Reliance Infocomm signs $750 million K-sure backed loan
Jonathan Bell
14 May 2015

India’s Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries (RIL), has signed a $750 million loan backed by Korea Trade Insurance Corporation (K-sure). This is the first loan ever between K-sure and RJIL. It is also K-sure’s largest deal yet in India.

BBVA welcomes new head of global trade finance
BBVA welcomes new head of global trade finance
Oliver Gordon
14 May 2015

Spanish bank BBVA has appointed Francisco Javier Fernández de Trocóniz as its new head of global trade finance & international financial institutions, replacing the outgoing Nick Shaw.

EBRD announces TFP award winners
EBRD announces TFP award winners
Jonathan Bell
14 May 2015

The European Bank for Reconstruction and Development (EBRD) honoured the most successful participants in its Trade Facilitation Programme (TFP) 2014 in an award ceremony on the eve of the bank’s Annual Meeting and Business Forum in Tbilisi.

Russia’s VEB ramps up business in China
Russia’s VEB ramps up business in China
Dalia Gebrial
14 May 2015

Russian state corporation Vnesheconombank (VEB) has increased business with Chinese institutions by signing a $8 billion framework credit agreement with China Development Bank (CDB) and a credit line agreement with Chinese export credit agency the Export-Import Bank of China (China Exim).

Euler Hermes makes series of senior executive appointments
Euler Hermes makes series of senior executive appointments
Dalia Gebrial
14 May 2015

Trade credit insurer Euler Hermes has appointed three regional chief executive officers (CEO) to its German, Austrian, Swiss (DACH), World Agency and French offices, and a new head of risk activities in the Mediterranean, Middle East and Africa (MMEA) region.

HSH Nordbank tie-up with Kexim strengthens bank’s focus on ship financing
HSH Nordbank tie-up with Kexim strengthens bank’s focus on ship financing
Jonathan Bell
13 May 2015

HSH Nordbank has today signed a cooperation agreement with the Export-Import Bank of Korea (Kexim) and Busan, Korea's second-largest city after the capital Seoul, which will allow the bank to shift its focus in the international shipping business more closely to the Asian market, collaborating with local players in the process.

'The perfect ECA': A discussion at TXF Washington
'The perfect ECA': A discussion at TXF Washington
Francisco Anzola
13 May 2015

During the recent TXF Washington conference, a group of ECAs, multilateral institutions, lenders, insurers, and exporters got together to discuss how to design the 'perfect ECA'.

SACE and Sinosure sign reinsurance agreement
SACE and Sinosure sign reinsurance agreement
Jonathan Bell
12 May 2015

The Italian export credit agency, SACE, and China Export & Credit Insurance Corporation (Sinosure), have today signed a reinsurance agreement aimed at facilitating the positive finalisation of multisource projects and deals involving Italian and Chinese companies.

UniCredit merges global syndications and capital markets businesses
UniCredit merges global syndications and capital markets businesses
Jonathan Bell
11 May 2015

UniCredit announced today that it has combined its global capital markets and loan syndication businesses to create a new global syndicate and capital markets platform to better serve client needs. The business will be headed by Marco Bales, previously head of global capital markets.

RDIF signs four deals increasing financing cooperation between Russia and China
RDIF signs four deals increasing financing cooperation between Russia and China
Jonathan Bell
8 May 2015

The Russian Direct Investment Fund (RDIF) has announced four major financing initiatives increasing Russia’s trade and economic cooperation with China. The development of these financing ties come as part of Chinese President Xi Jinping’s visit to Russia.

BHP Billiton selects essDOCS for harmonised documentation solution
BHP Billiton selects essDOCS for harmonised documentation solution
Jonathan Bell
8 May 2015

Following a global tender, essDOCS, a leading enabler of paperless trade, has has won the contract to develop and deliver a document preparation (Doc Prep) solution for major mining and trading conglomerate BHP Billiton’s marketing business.

IADB finances two wind farms in Uruguay through IPO
IADB finances two wind farms in Uruguay through IPO
Dalia Gebrial
8 May 2015

The Inter-American Development Bank (IADB) has provided two financial packages, totalling $216 million, for the construction of the Colonia Arias and Valentines wind farms in Uruguay. The financing will be raised through an Initial Public Offering (IPO).

Euler Hermes signs distribution agreement with Al Hilal Takaful
Euler Hermes signs distribution agreement with Al Hilal Takaful
Dalia Gebrial
8 May 2015

German export credit agency (ECA) Euler Hermes has signed a distribution agreement with Al Hilal Takaful – the takaful insurance subsidiary of the state-owned and fully Islamic UAE bank, Al Hilal Bank.

ICBC London secures $1 billion dual-tranche loan
ICBC London secures $1 billion dual-tranche loan
Jonathan Bell
7 May 2015

ICBC (London) has signed a new dual-tranche $1 billion term loan agreement with an international bank syndicate. The funds will be used for general corporate purposes.

JB's weekly round up - 7 May 2015
JB's weekly round up - 7 May 2015
Jonathan Bell
7 May 2015

For those of our readers in the UK, you will doubtless feel as lucky as I do to have been treated to an extended general election campaign. That’s right folks, more pointless infographics, more over-analysed opinion polls, more sensationalised 'leadership debates', more spin, and 'new and improved' ways politicians are finding to avoid answering even the most basic of questions.