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.
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.
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.
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 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.
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.
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.
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.
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.
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.
Hi all, As promised, here is the second edition of the weekly news, with a focus on deals.
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 Global Banking & Markets has today formally announced the new structure of its global transaction banking (GTB) division.
Tackling terminology now could be a stitch in time for the supply chain finance industry - but it will not be an easy ride
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.
Nordic Investment Bank (NIB) has signed a PLN67.5 million ($20.4 million) loan with Energa, the Polish electricity company.
Bolero International (Bolero), the trade documentation software specialist, has appointed Maria Malinowska as director of financial institutions.
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.
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.
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.
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.
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.
The Royal Bank of Scotland (RBS) has appointed Martin Knott as its new head of trade for global transaction services (GTS).
Finacity Corporation (Finacity), the receivables finance company, has appointed Judith Schrecker as its new board director.
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.
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.
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.
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, Germany’s second-largest bank by assets, has made its bank payment obligation (BPO) debut, processing two live transactions.
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).
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 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 (UBB) has gained a $10 million credit line from the International Finance Corporation (IFC).
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.
Nicole Bjugger has been appointed as global programme manager for supply chain solutions provider PrimeRevenue.
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 has appointed Rogier Schulpen as managing director and global head of trade and working capital solutions.
Fabio Fritelli has joined Maire Technimont as group finance director
Last week, TXF completed the ‘Berne Union +20’ – the second part of the Berne Union 2014 Yearbook.
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 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.
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
TXF talks to Barclays about the current state of the trade and supply chain finance market.
TXF talks to Citi about the current state of the trade and supply chain finance market.
TXF talks to HSBC about the current state of the trade and supply chain finance market.
TXF talks to Lloyds Bank about the current state of the trade and supply chain finance market.
TXF talks to Santander about the current state of the trade and supply chain finance market.
TXF talks to UniCredit about the current state of the trade and supply chain finance market.
Jonathan Bell talks with Martin Runow, head of cash management for corporates, Americas, Deutsche Bank, about the post-SEPA migration landscape.
TXF PRI: Trade, Commodity & Export Finance is taking place this February. Delve into the local market and make high-level contacts that might just lead to your next deal...
This virtual event will address those challenges head-on. We want to create an atmosphere that is inspiring and ideas led, that demonstrates the art of the possible for the export finance community.
Uniting the key players and deal makers across the Americas. This is your chance to stay connected and ahead of the curve!
Join us while we are looking into the commodity finance sector for the Asia Pacific region. Connect with key players and hear about current and future deals.
The destination for African export & project finance. Come together with deal makers across the region for virtual networking opportunities second to none .
TXF is introducing the 'Financing the Energy Transition' event, focusing on the latest updates and future plan of the energy transition.
We're proud to be bringing back TXF Global Commodity Finance, a must-attend event for the commodity finance community.
TXF invites you to join a dynamic group of export finance professionals to plot your ideas on where we're heading and how to get there
Fasten your seatbelt for the second leg of the ultimate export finance world tour, with stop-offs at Asia, Mena, Europe, Africa, and the Americas
This year's global trade virtual event will look into the impact of covid-19 to the market and explore new opportunities
Calling all changemakers in export finance! Join us to plot your ideas about diversity, sustainability and inclusion in the industry. If you are here to make a difference you are in the right place!
Your largest export, agency & project finance event returns to Madrid for 2021 after a 2020 virtual extravaganza! Industry renowned as the go-to for global export finance. Let the deal-making begin!
We are delighted to bring back this senior-level virtual event dedicated to the MENA region! Examine the regions' key trends and future opportunities whilst networking in a safe space.
A key event in the export, agency & project finance event calendar for senior and influential professionals working across the Asia-Pacific region. Networking and deal opportunities abound!