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Video Interview: Rudolf Scholten, Co-Chairman at OeKB, the Austrian export credit agency
Video Interview: Rudolf Scholten, Co-Chairman at OeKB, the Austrian export credit agency
Jonathan Bell
15 October 2013

Rudolf Scholten, Co-Chairman at OeKB, the Austrian export credit agency, tells Joanthan Bell of TXF that he fears a level playing field amongst OECD and non-OECD based corporates may still be some way off.

Video Interview: Johan Schrijver, Atradius managing director and outgoing Berne Union president
Video Interview: Johan Schrijver, Atradius managing director and outgoing Berne Union president
Jonathan Bell
15 October 2013

Atradius managing director and outgoing Berne Union president Johan Schrijver tells TXF editor-in-chief Jonathan Bell of the pressures that ECAs are placed under, the challenges when putting together finance on larger projects, and an increasingly scientific approach to underwriting.

CIT arranges acquisition finance
CIT arranges acquisition finance
Jonathan Bell
15 October 2013

CIT Capital Market, a leading provider of financing and advisory services to small businesses and middle market companies, has acted as lead arranger in a $110 million financing for fashion retailer Joe’s Jeans, to finance the acquisition of Hudson Clothing Holdings, a leading global designer and marketer of premium branded denim apparel.

EBRD provides funds to Garanti and Yapi Kredi for SMEs
EBRD provides funds to Garanti and Yapi Kredi for SMEs
Jonathan Bell
14 October 2013

The European Bank for Reconstruction and Development (EBRD) is providing funds to Garanti Bank and Yapi Kredi of Turkey to help small and medium-sized company (SME) lending within the country.

JB's weekly round-up - 14 October 2013
JB's weekly round-up - 14 October 2013
Jonathan Bell
14 October 2013

Key personnel from the export credit agency (ECA) and private insurance community were in attendance at the Berne Union AGM held in Vienna last week. TXF was kindly invited to film exclusive interviews with key individuals at the event.

StanChart arranges cross-border RMB loan for Nokia
StanChart arranges cross-border RMB loan for Nokia
Mayur Pande
11 October 2013

Standard Chartered Bank (StanChart) has successfully completed a RMB2.5 billion ($408.4 million) cross-border lending deal for the international mobile broadband corporation Nokia Siemens Networks in China (NSN China).

SG appoints head of payments and cash management
SG appoints head of payments and cash management
Dan Sheriff
11 October 2013

Société Générale (SG) has appointed Benoit Desserre as head of payments and cash management within the global transaction banking (GTB) division. He replaces Alain Grugé who has been appointed as a regional head of SG retail bank in France.

EBRD and IFC provide loans for Turkish agri-sector
EBRD and IFC provide loans for Turkish agri-sector
Mayur Pande
9 October 2013

The European Bank for Reconstruction and Development (EBRD) is to provide a €60 million ($81.6 million) loan to Turkey’s Sekerbank, as part of a programme to assist agribusiness and enterprises led by women.

Video Interview: Peter Knodt, Global Head of Trade Finance Financial Institutions, Deutsche Bank
Video Interview: Peter Knodt, Global Head of Trade Finance Financial Institutions, Deutsche Bank
Jonathan Bell
8 October 2013

Peter Knodt, Global Head of Trade Finance Financial Institutions at Deutsche Bank talks collaboration, relationships and adapting to changing global trade flows.

Video Interview: Markus Wohlgeschaffen, Head of Global Trade Finance and Services, Unicredit
Video Interview: Markus Wohlgeschaffen, Head of Global Trade Finance and Services, Unicredit
Jonathan Bell
7 October 2013

Markus Wohlgeschaffen, Head of Global Trade Finance and Services at Unicredit talks BPO, technological innovation and multi-bank platforms with Jonathan Bell, Editor-in-Chief, TXF.

Stanbic IBTC signs pact with John Deere and Tata for Nigerian-agri
Stanbic IBTC signs pact with John Deere and Tata for Nigerian-agri
Mayur Pande
7 October 2013

Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has signed a collaboration pact with Tata Africa Services and John Deere Financial, whereby Stanbic IBTC Bank will provide a range of financial services to customers of the US’s John Deere within Nigeria’s agricultural sector

JB's weekly round-up - 7 October 2013
JB's weekly round-up - 7 October 2013
Jonathan Bell
7 October 2013

There appears to be plenty of personnel movements in the trade finance sector at the present time – some of these we are able to write about, while others are, shall we say, sensitive at the present time. The good thing about all this is that institutions are hiring – and the signs are that, at least in some sectors, the market is picking up.

XL Group makes hire for trade credit market
XL Group makes hire for trade credit market
Mayur Pande
7 October 2013

XL Group's political risk and trade credit business has hired Jeffrey Abramson as senior vice president and global product leader for its expansion into the Supplier Trade Credit (STC) market

Video Interview: Michael Spiegel, Global Head, Trade Finance and Cash Management, Deutsche Bank
Video Interview: Michael Spiegel, Global Head, Trade Finance and Cash Management, Deutsche Bank
Jonathan Bell
4 October 2013

Michael Spiegel, Global Head, Trade Finance and Cash Management at Deutsche Bank speaks to Jonathan Bell of TXF and speculates that supply chain finance may be reaching a tipping point, in part due to an increased desire amongst corporates to ensure the stability of suppliers post-crisis.

PTA Bank gets cash injection from AfDB
PTA Bank gets cash injection from AfDB
Dan Sheriff
4 October 2013

The Eastern and Southern African Trade and Development Bank (PTA Bank) has received a cash injection form the African Development Bank (AfDB), which is designed to boost trade and economic development activities of PTA Bank.

King & Spalding hires ex WTO deputy director
King & Spalding hires ex WTO deputy director
Dan Sheriff
4 October 2013

International law firm King & Spalding has hired Alejandro Jara, former deputy director general of the World Trade Organisation (WTO), as senior counsel in the WTO and international trade practice of its Geneva office

Video Interview: Werner Steinmueller, Global Head of Transaction Banking, Deutsche Bank
Video Interview: Werner Steinmueller, Global Head of Transaction Banking, Deutsche Bank
Jonathan Bell
3 October 2013

Werner Steinmueller, Global Head of Transaction Banking at Deutsche Bank talks trade trends with Jonathan Bell, Editor in Chief at TXF News.

ICBC provides first rand financing
ICBC provides first rand financing
Jonathan Bell
2 October 2013

The Industrial and Commercial Bank of China (ICBC) has provided more than ZAR180 million ($18.2 million) financing to a 27MW wind project near Nelson Mandela Bay, Eastern Cape, South Africa. The loan is the Chinese bank’s first rand-denominated transaction ever.

US Ex-Im recruits Claudia Slacik for SVP export finance role
US Ex-Im recruits Claudia Slacik for SVP export finance role
Jonathan Bell
1 October 2013

The Export-Import Bank of the United States (US Ex-Im) has recruited Claudia Slacik as chief banking officer and senior vice president for export finance. She joins US Ex-Im with more than 30 years of experience in the financial industry.

Trade & Supply Chain Finance
Trade & Supply Chain Finance
Max Carter
1 October 2013

We are pleased to bring you the TXF Trade and Supply Chain Finance Special Report 2013. The report, which is part of our Trade and Supply Chain Finance Series

Natixis appoints global head of loan syndication
Natixis appoints global head of loan syndication
Dan Sheriff
1 October 2013

Natixis has appointed Christopher Lovgren as global head of loan syndication. He will be based in London. Lovgren will report to Alain Gallois, global head of the debt platform and fixed-income and treasury sales,

EKN signs cooperation pact with Bancomext
EKN signs cooperation pact with Bancomext
Mayur Pande
30 September 2013

EKN, Sweden’s export credit agency (ECA) has signed a cooperation agreement with Mexico’s ECA Bancomext. The agreement is a declaration of intention to cooperate to further strengthen the export support to Mexican and Swedish companies. It is also the first step to enter into a reinsurance agreement going forward.

JB's weekly round-up - 30 September 2013
JB's weekly round-up - 30 September 2013
Jonathan Bell
30 September 2013

Each Monday, we will be sending our weekly market news roundup. This will include a short commentary on the key stories of the week, as well as links to our top picks. We hope you enjoy it, and would welcome your feedback. It is entirely free, so please feel free to share with your colleagues, contacts and clients.

IFC arranges first South Asia supplier finance facility
IFC arranges first South Asia supplier finance facility
Jonathan Bell
26 September 2013

IFC has launched a trade supplier finance facility with Sri Lankan apparel exporting company Brandix. This is the first such facility in South Asia, as part of IFC’s Global Trade Supplier Finance programme. No detail has been given as to the amount expected to be provided.

SG and Bpifrance sign pact for French exporters
SG and Bpifrance sign pact for French exporters
Jonathan Bell
25 September 2013

Société Générale (SG) and Bpifrance have today signed a partnership agreement to support the overseas growth of French businesses. The two institutions, which have a history of working together to finance French businesses within France, have decided to strengthen their collaboration internationally.

StanChart leads syndicated financing for Stanford Asia
StanChart leads syndicated financing for Stanford Asia
Mayur Pande
25 September 2013

Standard Chartered (StanChart) has arranged a senior syndicated loan facility for marine services company Stanford Asia Holding Company (SAHC), amounting to $300 million. The facility, which was oversubscribed, was syndicated to a largely Middle Eastern investor base, will be used by SAHC to refinance existing debt.

HSBC recruits Bart Ras for global head role
HSBC recruits Bart Ras for global head role
Jonathan Bell
24 September 2013

HSBC has recruited Bart Ras to its ranks where he will have the title of global head of business development for the bank’s global trade and receivables finance (GTRF) business He takes up the post on 15 October 2013.

Scotiabank rolls out first phase of CGI Trade360 platform
Scotiabank rolls out first phase of CGI Trade360 platform
Mayur Pande
20 September 2013

Canada’s Scotiabank has completed the Canadian rollout of CGI’s cloud-based, ‘software-as-a-service’ (SaaS) solution, CGI Trade360. The announcement was made at Sibos Dubai this week. In the first phase of the programme, CGI Trade360 will replacing the Scotiabank’s legacy trade and supply chain applications with an integrated platform.

Kyriba and CGI team to provide cloud-based trade finance services
Kyriba and CGI team to provide cloud-based trade finance services
Jonathan Bell
19 September 2013

In a landmark partnership agreement for the trade finance technology sector, Kyriba, a leader in cloud-based treasury management solutions, and trade platform and software company CGI have agreed on the integration of CGI’s market leading trade solution, CGI Trade360, into the Kyriba Enterprise platform.

India’s YES Bank success with dual currency facility
India’s YES Bank success with dual currency facility
Jonathan Bell
19 September 2013

India’s YES Bank has successfully closed a loan facility equivalent to $255 million. The facility will be used for general corporate purposes and trade financing for the bank’s clients.

BAML launches accelerated payments to Asia
BAML launches accelerated payments to Asia
Jonathan Bell
19 September 2013

Bank of America Merrill Lynch (BAML) has launched a new payment product which is designed to improve the speed and efficiency with which banks and corporations make high value US dollar payments to Asian markets.

Lloyds Bank teams with StanChart for Asian trade
Lloyds Bank teams with StanChart for Asian trade
Jonathan Bell
17 September 2013

The UK’s Lloyds Bank has signed a partnership agreement with Standard Chartered Bank (StanChart) to team in providing enhanced services to its clients importing from Asia-Pacific.

JP Morgan recruits Kah Chye Tan
JP Morgan recruits Kah Chye Tan
Jonathan Bell
17 September 2013

JP Morgan has recruited Kah Chye Tan, within a week of Tan leaving his previous employers Barclays Bank.

Cote d’Ivoire’s SIMAT gets Afrexim import loan
Cote d’Ivoire’s SIMAT gets Afrexim import loan
Jonathan Bell
17 September 2013

The African Export-Import Bank (Afrexim) has signed €5.64 million ($7.5 million) credit facility for the Cote d’Ivoire based firm, SIMAT, to finance the import of equipment for its services in the areas of marine and air transit and handling.

APAC forum puts a spotlight on trade finance
APAC forum puts a spotlight on trade finance
Alexander R Malaket
17 September 2013

Trade finance was very much in the spotlight and near centre stage at the recent APAC Development Forum held in Beijing, China. The fifth edition of the Asia-Pacific Trade Facilitation Forum (APTFF) took place last week at the Jinjiang Fuyuan Hotel in Beijing, China, an event planned and hosted jointly by the Asian Development Bank (ADB) and United Nations

Georgia’s TBC Bank secures funds through FMO led facility
Georgia’s TBC Bank secures funds through FMO led facility
Jonathan Bell
16 September 2013

Georgia’s TBC Bank has signed a €35 million subordinated loan agreement with its shareholder Dutch development bank, FMO. The loan facility is provided in syndication with the Canadian investor, Cordiant and the Swedish development bank, Swedfund.

Finacity arranges loan for MSX International
Finacity arranges loan for MSX International
Jonathan Bell
16 September 2013

US-headquartered Finacity Corporation has successfully arranged and structured a $15 million loan facility for MSX International. Under the facility, the company will be permitted to borrow against eligible European accounts receivables.

Capital Business Credit opens in Dallas
Capital Business Credit opens in Dallas
Dan Sheriff
15 September 2013

Integrated financial products and services company, Capital Business Credit, is expanding its US network with the opening of an office in Dallas, Texas. The office head has been named as senior vice president Dan Maner, who formerly led business development efforts in CBC’s North Carolina office.

Deutsche selected by China’s SAFE for FX pilot
Deutsche selected by China’s SAFE for FX pilot
Mayur Pande
15 September 2013

In a development that will help corporates better manage their liquidity in China, Deutsche Bank has been selected as a qualified bank to provide foreign currency cross-border pooling, centralised payments and collections, as well as netting services to clients participating in the Foreign Currency Centralised Management Pilot launched by the State Administration of Foreign Exchange (SAFE) Beijing.

Boost for Russian infra projects with mega Abu Dhabi investment
Boost for Russian infra projects with mega Abu Dhabi investment
Mayur Pande
13 September 2013

The Russian Direct Investment Fund (RDIF) and Abu-Dhabi’s Department of Finance have teamed to set up a partnership for investing in Russian infrastructure projects and developing cross-border investment cooperation between the countries.

Bankers see plenty of choice for growth within EMEA
Bankers see plenty of choice for growth within EMEA
Jonathan Bell
13 September 2013

Despite turmoil in much of the Middle East, the EMEA region has a wealth of opportunities for growth in trade finance. TXF talks with Sameer Sehgal and Anurag Chaudhary at Citi about the outlook for trade in the region.

Japan Nexi support for auto sales in Indonesia
Japan Nexi support for auto sales in Indonesia
Jonathan Bell
12 September 2013

Japan’s Nippon Export and Investment Insurance (Nexi) has agreed to provide overseas untied loan insurance for loans provided by ING Bank, Tokyo branch and Development Bank of Japan to OTO Multiartha (OTO), an auto financing company in Indonesia.

BAML names global head of sales within GTS
BAML names global head of sales within GTS
Dan Sheriff
11 September 2013

Bank of America Merrill Lynch (BofAML) has named Percy Batliwalla as the new global head of sales for large corporates and financial institutions in global transaction services (GTS).

Globus expansion in Russia with KfW ruble loan
Globus expansion in Russia with KfW ruble loan
Mayur Pande
11 September 2013

KfW IPEX-Bank is providing a long-term ruble loan for the equivalent of altogether €36 million ($47.8 million) to finance the construction of a hypermarket in Tver, Russia.

Global head interview – Deutsche Bank
Global head interview – Deutsche Bank
Jonathan Bell
11 September 2013

TXF talks to Deutsche Bank about the current state of the trade and supply chain finance market.

Global head interview – HSBC
Global head interview – HSBC
Jonathan Bell
11 September 2013

TXF talks to HSBC about the current state of the trade and supply chain finance market.

CGI stays well ahead of the curve with its trade capabilities
CGI stays well ahead of the curve with its trade capabilities
Jonathan Bell
11 September 2013

Jonathan Bell at TXF talks to Kitt Carswell and Frank Tezzi at CGI about the robustness and leveraging capabilities of the CGI Trade360 platform for trade finance banks.

Global head interview – Citi
Global head interview – Citi
Jonathan Bell
11 September 2013

TXF talks to Citi about the current state of the trade and supply chain finance market.

Global head interview – BNP Paribas
Global head interview – BNP Paribas
Jonathan Bell
11 September 2013

TXF talks to BNP Paribas about the current state of the trade and supply chain finance market.

Global head interview – Barclays
Global head interview – Barclays
Jonathan Bell
11 September 2013

TXF talks to Barclays about the current state of the trade and supply chain finance market.