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BU+20 - a perspective from the Berne Union Secretariat
BU+20 - a perspective from the Berne Union Secretariat
Kai Preugschat
31 October 2014

In celebrating its 80th year, the Berne Union must reflect on what it has already built and how to sustain its success over the next 20 years. The Berne Union has been a unique global business organisation connecting public and private insurers alike throughout.

The Berne Union Prague Club - Leading the way in uncharted markets
The Berne Union Prague Club - Leading the way in uncharted markets
Fabrice Morel
31 October 2014

While the Berne Union celebrates its 80th anniversary in 2014, its affiliate, the Prague Club, quietly surpassed the 20 year mark in 2013. This is remarkable for a group that was originally set up as an informal discussion forum for a limited number of ECAs that had the objective to join the Berne Union.

Corporate focus: ECAs are more essential than ever
Corporate focus: ECAs are more essential than ever
Helen Castell
31 October 2014

Export credit has always been a vital lifeline for exporters and their customers, especially in times of crisis. Although the worst days of the global economic downturn seem long gone, corporates discuss how ECAs are upping their game and why they need their support even more than before. Helen Castell talks with exporters and borrowers.

Trade finance – finally a light at the end of the crisis tunnel
Trade finance – finally a light at the end of the crisis tunnel
Jose Luis Serra Diaz
31 October 2014

Historically, the global trade finance market has been considered liquid and wellfunctioning. Nevertheless, after the beginning of the financial crisis in 2008, important structural changes occurred. This included the entry of new market participants and efforts to develop new modalities that minimise bank capital and balance sheet usage.

The ICC Trade Register: an empirically authoritative model for trade risk
The ICC Trade Register: an empirically authoritative model for trade risk
Kah Chye Tan
31 October 2014

The Paris-based International Chamber of Commerce (ICC) was first established in 1919 by a group of industrialists, financiers and traders in the context of post-World War I devastation, with the aim of representing business, and bringing prosperity through a global organisation.

The difference in underwriting approaches between public and private PRI insurers – The Hiscox view
The difference in underwriting approaches between public and private PRI insurers – The Hiscox view
Victoria Padfield
31 October 2014

Firstly, who are we? We are the first and only Lloyd’s-based insurer to sit on the Berne Union – a status we are very proud of. We have learned a great deal from our export credit agency (ECA) and private market brethren but we hope we can also share a different perspective on political and credit risk insurance.

Challenges in finding the right balance for SME financing
Challenges in finding the right balance for SME financing
Chris Chapman
31 October 2014

As an export credit agency (ECA) that predominately assists small and medium enterprises (SMEs), the New Zealand Export Credit Office (NZECO) has a strong focus and commitment to future developments in support of SME exporters.

ECAs’ risk management – looking ahead over the next 20 years
ECAs’ risk management – looking ahead over the next 20 years
Zoltán Légrádi
31 October 2014

Before the financial crisis of 2008-2009, internal consumption and increasing private and public indebtedness – key factors behind economic growth in developed countries – became gradually non-financeable.

MIGA selects new Europe head
MIGA selects new Europe head
Dalia Gebrial
31 October 2014

The political risk insurance and credit enhancement arm of the World Bank Group, the Multilateral Investment Guarantee Agency (MIGA), has appointed Elena Palei as its new regional head of Europe.

Pacific Drilling closes revolving credit
Pacific Drilling closes revolving credit
Jonathan Bell
30 October 2014

Houston-headquartered, deepwater drilling specialist company, Pacific Drilling has signed a revolving credit facility (RCF) with an aggregate principal amount of up to $500 million.

JB's weekly round up - 30 October 2014
JB's weekly round up - 30 October 2014
Jonathan Bell
30 October 2014

Hi all, As promised, here is the second edition of the weekly news, with a focus on deals.

ICC makes Banking Commission leadership changes
ICC makes Banking Commission leadership changes
Jonathan Bell
29 October 2014

The International Chamber of Commerce (ICC) has appointed six new advisory board members to its Banking Commission, and three new Technical Advisors on the ICC Trade Register project. The appointments form an integral part of ICC’s plans to stimulate the continued growth and evolution of its leadership structure.

Santander formally announces new structure of GTB division
Santander formally announces new structure of GTB division
Jonathan Bell
29 October 2014

Santander Global Banking & Markets has today formally announced the new structure of its global transaction banking (GTB) division.

Supply chain finance: What’s in a name?
Supply chain finance: What’s in a name?
Dan Sheriff
29 October 2014

Tackling terminology now could be a stitch in time for the supply chain finance industry - but it will not be an easy ride

Kenya’s CfC Stanbic signs bank-to-bank trade loan facility
Kenya’s CfC Stanbic signs bank-to-bank trade loan facility
Jonathan Bell
28 October 2014

Kenyan-based CfC Stanbic Bank has signed a $160-million, two-year term loan facility. The funding raised will be used for general corporate purposes by the bank, including trade-related finance where CfC Stanbic Bank will onlend to clients involved in cross-border trade.

NIB local currency loan for Polish wind farm
NIB local currency loan for Polish wind farm
Dalia Gebrial
28 October 2014

Nordic Investment Bank (NIB) has signed a PLN67.5 million ($20.4 million) loan with Energa, the Polish electricity company.

Bolero appoints Barclays director to its senior team
Bolero appoints Barclays director to its senior team
Dalia Gebrial
28 October 2014

Bolero International (Bolero), the trade documentation software specialist, has appointed Maria Malinowska as director of financial institutions.

SG appoints head of trade for SE Asia, India and Middle East
SG appoints head of trade for SE Asia, India and Middle East
Jonathan Bell
28 October 2014

Société Générale (SG) has announced the appointment of Sonal Priyanka as regional head of trade for South-East Asia, India and the Middle East within the global transaction banking (GTB) division of the bank.

The view from the WTO
The view from the WTO
Hesham Zakai
28 October 2014

TXF talks with Marc Auboin, counsellor within the Economic Research and Statistics Devision within the World Trade Organisation (WTO), about the continuing dialogue with the Basel regulators.

JB's weekly round up - 28 October 2014
JB's weekly round up - 28 October 2014
Jonathan Bell
28 October 2014

First and foremost, apologies that I missed compiling the Weekly last week – it has been a hectic past couple of weeks (to say the least) with some of us zipping around Europe and then some big trade events to deal with en Paris et Londres.

Trade finance at the 2014 WTO Public Forum
Trade finance at the 2014 WTO Public Forum
Marc Auboin
27 October 2014

The annual World Trade Organisation (WTO) Public Forum provides an opportunity for dialogue, an exchange of ideas and the conduct of deliberations on major issues in international commerce, between the Geneva-based WTO and a wide range of stakeholders and interested parties across the globe.

Corporate treasurers prioritise working capital optimisation
Corporate treasurers prioritise working capital optimisation
Hesham Zakai
27 October 2014

Finding efficient ways of managing working capital is the key focus for corporate treasurers going into 2015, according to a survey of nearly 80 treasurers and financial managers conducted by Demica.

Martin Knott joins RBS as head of trade from BAML
Martin Knott joins RBS as head of trade from BAML
Dalia Gebrial
27 October 2014

The Royal Bank of Scotland (RBS) has appointed Martin Knott as its new head of trade for global transaction services (GTS).

Finacity appoints new board director
Finacity appoints new board director
Dalia Gebrial
27 October 2014

Finacity Corporation (Finacity), the receivables finance company, has appointed Judith Schrecker as its new board director.

UniCredit teams with BTMU for first BPO
UniCredit teams with BTMU for first BPO
Hesham Zakai
24 October 2014

Germany’s UniCredit and Japan’s Bank of Tokyo-Mitsubishi (BTMU) have combined to process the first Bank Payment Obligation (BPO) transaction between Germany and Japan. The deal follows hard on the heels of Commerzbank’s first BPO transaction announced earlier this week, augmenting the BPO’s presence in Europe.

Berne Union and Prague Club come together for landmark meeting in London
Berne Union and Prague Club come together for landmark meeting in London
Jonathan Bell
24 October 2014

Members of the Berne Union – International Union of Credit & Investment Insurers – came together in London this week for their annual general meeting (AGM). At the same time the meeting was an occasion to celebrate the 80th anniversary of the Berne Union.

Michal Ron elected as new vice president of Berne Union
Michal Ron elected as new vice president of Berne Union
Jonathan Bell
24 October 2014

This week the Berne Union – the International Union of Credit & Investment Insurers – came together in London for their annual general meeting (AGM), which is also the occasion of the 80th anniversary of the organisation.

SACE report identifies key problems and opportunities for Italian exports
SACE report identifies key problems and opportunities for Italian exports
Dalia Gebrial
23 October 2014

Italy’s export credit agency (ECA), SACE, has just released its 2014 risk map, analysing the impact of geopolitical instability on Italian businesses over the past year. It also forecasts possible trading opportunities for the next year.

Commerzbank makes BPO debut
Commerzbank makes BPO debut
Hesham Zakai
22 October 2014

Commerzbank, Germany’s second-largest bank by assets, has made its bank payment obligation (BPO) debut, processing two live transactions.

Eurofinance - All is flux
Eurofinance - All is flux
Dan Sheriff
22 October 2014

The annual Eurofinance event took place in Budapest this week.

Afreximbank finances Nigeria’s Heritage Bank expansion
Afreximbank finances Nigeria’s Heritage Bank expansion
Jonathan Bell
22 October 2014

The African Export-Import Bank (Afreximbank) has signed a loan agreement with Nigeria’s Heritage Bank providing funds to facilitate the acquisition of Enterprise Bank from the Assets Management Corporation of Nigeria (Amcon).

EBRD extends first resource efficiency loan in Turkey
EBRD extends first resource efficiency loan in Turkey
Jonathan Bell
21 October 2014

The European Bank for Reconstruction and Development (EBRD) is extending its first credit line under its Sustainable Resource Initiative (SRI) with a €50 million ($63.4 million) loan to Turkiye Sınai Kalkınma Bankası (TSKB), the first privately-owned development and investment bank incorporated in Turkey

Barclays hires new head of CAPEX financing solutions, Africa
Barclays hires new head of CAPEX financing solutions, Africa
Dalia Gebrial
20 October 2014

Barclays has appointed Mandy Symons as its new head of capital expenditure (CAPEX) financing solutions, Africa. She makes the move to Barclays after working at Nedbank since 2000.

United Bulgarian Bank joins IFC’s GTFP
United Bulgarian Bank joins IFC’s GTFP
Dalia Gebrial
20 October 2014

United Bulgarian Bank (UBB) has gained a $10 million credit line from the International Finance Corporation (IFC).

EBRD provides first syndicated loan for Albanian SMEs
EBRD provides first syndicated loan for Albanian SMEs
Dalia Gebrial
16 October 2014

The European Bank for Reconstruction and Development (EBRD) is providing a €6 million ($7.6 million), three-year syndicated loan to help develop micro, small and medium enterprises (SMEs) in Albania.

SCF solutions provider appoints new global programme manager
SCF solutions provider appoints new global programme manager
Dalia Gebrial
16 October 2014

Nicole Bjugger has been appointed as global programme manager for supply chain solutions provider PrimeRevenue.

HSBC bolsters senior global trade and receivables finance team
HSBC bolsters senior global trade and receivables finance team
Dalia Gebrial
16 October 2014

Andrew Betts will be joining HSBC’s senior global trade and receivables finance (GTRF) team as the regional head for the UK and continental Europe.

Santander appoints Schulpen as global head of trade and working capital
Santander appoints Schulpen as global head of trade and working capital
Dalia Gebrial
15 October 2014

Santander has appointed Rogier Schulpen as managing director and global head of trade and working capital solutions.

Italian engineering group hires former Sace head
Italian engineering group hires former Sace head
Dan Sheriff
14 October 2014

Fabio Fritelli has joined Maire Technimont as group finance director

JB's weekly round up - 14 October 2014
JB's weekly round up - 14 October 2014
Jonathan Bell
14 October 2014

Last week, TXF completed the ‘Berne Union +20’ – the second part of the Berne Union 2014 Yearbook.

VTB to sign RMB credit line with China Exim
VTB to sign RMB credit line with China Exim
Jonathan Bell
14 October 2014

VTB and Export-Import Bank of China (China Exim) have signed a cooperation agreement which will lead to the extension of a credit line from China Exim.

Commerzbank hires new director of export finance for Middle East
Commerzbank hires new director of export finance for Middle East
Dalia Gebrial
13 October 2014

Commerzbank has hired Eva Steinhaus as its new director of structured export and trade finance in corporate banking for the Middle East region. She will be working from the bank’s offices in Dubai.

Gradual price rise expected by German exporters
Gradual price rise expected by German exporters
Dan Sheriff
10 October 2014

A survey of the German export finance community suggests moderate economic growth, gradual price rises and top performance marks for Commerzbank, KfW-IPEX and Euler Hermes

Global head interview – Dan Roberts, Barclays
Global head interview – Dan Roberts, Barclays
Jonathan Bell
10 October 2014

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

Global head interview – John Ahearn, Citi
Global head interview – John Ahearn, Citi
Jonathan Bell
10 October 2014

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

Global head interview – Stuart Tait, HSBC
Global head interview – Stuart Tait, HSBC
Jonathan Bell
10 October 2014

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

Global heads interview – Jackie Keogh, Lloyds Bank
Global heads interview – Jackie Keogh, Lloyds Bank
Jonathan Bell
10 October 2014

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

Global head interview – Jose Luis Calderon, Santander
Global head interview – Jose Luis Calderon, Santander
Jonathan Bell
10 October 2014

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

Global head interview – Alfredo Bresciani, UniCredit
Global head interview – Alfredo Bresciani, UniCredit
Jonathan Bell
10 October 2014

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

Looking at the post-SEPA migration landscape
Looking at the post-SEPA migration landscape
Jonathan Bell
10 October 2014

Jonathan Bell talks with Martin Runow, head of cash management for corporates, Americas, Deutsche Bank, about the post-SEPA migration landscape.