ECA excellence and large-scale multisourced project finance were the talk of the town at TXF MENA 2019 this month. TXF’s MD Hesham Zakai outlines the most dominant opportunities and headwinds facing the region.
From modernising the OECD consensus, creating an international exporters' forum to linking deal margin grids to borrowers sustainable development goals, there were a number of exciting takeaways from two days of forward thinking debate at TXF Global in Prague last week.
Trade finance as an asset class is set for growth in the near term, according to 78% of respondents in a survey of investment professionals carried out by TXF in association with EFA Group. Download our most comprehensive measure of investor appetite to date.
In June, the EIB launched its upgraded Trade Finance Facility 2.0 – to enable Greek banks to ramp up support for SMEs and Midcaps. TXF caught up with international and domestic Greek lenders to find out their responses to the revamped product.
For sale: Investible asset. Self-liquidating with low default and loss rate. Contributor to real economy businesses. Short term maturities available. It’s a compelling sales pitch that, for the first time, is beginning to push trade finance from niche to mainstream asset class for funds and investors.
The inaugural report details findings of a broad market survey designed to capture the latest trends and themes in the commodity finance market.
Hundreds of market leading organisations have confirmed their attendance at the most spectacular event of the year for project, infrastructure, export and agency finance.
A new partnership between global electronic invoice financier Tungsten Network Finance and supply chain finance (SCF) expert Orbian promises to benefit clients on both sides of the equation. In this webinar, TXF aims to find out more about the partnership.
The TXF clock is tickin' - which companies have already confirmed their attendance at the hottest trade and commodity finance show of the year?
TXF is hosting a free supply chain finance webinar today. The webinar looks at Tungsten’s partnership with Orbian that will allow the e-invoicing company to offer early payment funding solutions to large corporates on its electronic platform. Click here to register: http://view6.workcast.net/register?cpak=2756764262786720
Hesham Zakai, TXF’s head of content, picks his favourite trade & supply chain finance stories of 2016.
Ollie Gordon, TXF's news & features editor, picks his favourite export & agency finance stories of 2016.
Last month TXF was delighted to welcome a host of international trade, export and project finance experts to its inaugural Middle East conference. The forum discussed and debated the trade and investment landscape across the region, from changes in debt levels and new forms of financing to geopolitical challenges and exciting frontier markets. Here are some of the key "takeaway" points from the event.
Those of you unfamiliar with the annual jamboree which is the wonderful SIbos – the world’s largest financial conference/exhibition – will possibly be oblivious to the scale and intensity of the event, and its impact and influence in the short-term trade, FI and fintech community.
Gerry Gannon is the global head of trade finance at Westpac, the bank that he has been with for over three decades. TXF’s associate director, Hesham Zakai, spoke with Gerry to get his views on today’s market, from the levels of liquidity to promising new trade routes.
In the heart of London – a city at the forefront of global fintech innovation – TXF’s Hesham Zakai sat down with a group of experts at a BNY Mellon-hosted roundtable to discuss how the landscape is unfolding, the impact of fintech on the more “traditionally renowned” trade sector, and how banks are responding to the surge of new technology meisters entering the finance space.
The 29th annual World Traders’ Tacitus Lecture was delivered this year by the former Deputy Governor of the Bank of England, Sir Paul Tucker, on ‘a new international monetary system in a new world order’. TXF was granted access to the event’s subsequent debate, chaired by Lord Clement-Jones CBE, which focused on the question of whether international monetary policy and global foreign policy should be inextricably linked.
As corporates turn in greater number to supply chain finance to optimise their working capital, the best practice on this vital treasury tool continues to grow. Doug Schoch, a Vice President at Siemens in North America, one of the early-adopters of SCF, shares with TXF his top 10 tips for executing a successful SCF programme.
In a wide-ranging interview, Citi’s global head of trade, John Ahearn, talks to TXF’s Hesham Zakai about challenging pricing in the market; why 2015 was the riskiest year seen to date; the danger of killing the golden geese of supply chain finance and securitisation; the appeal of blockchain technology; and the industry’s ongoing battle for a fair understanding and treatment of trade finance.
2016 is set to be a year of change. Trade sanctions on Iran have been suspended; those on Russia, on the contrary, have been extended for another six months. Compliance regulations are more stringent than ever, limiting banks’ ability to trade. Geoff Wynne, partner at law firm Sullivan & Worcester, gives TXF’s Hesham Zakai a few words of advice about how to navigate the complex legal landscape of trade in 2016.
UK bank Barclays made its entire London export finance team redundant last Friday, 22 January 2016, amid a wider cull of the bank’s investment banking division.
Hesham Zakai, TXF Media’s content manager, picks his favourite trade and supply chain finance stories from 2015.
Below are the 10 people moves that defined the trade and supply chain world in 2015. We have listed the 10 biggest trade and supply chain market moves that we considered to be the most significant in 2015. Disagree with our list? Add your own suggestions below in the comments section!
Singapore based aircraft lessor, Transportation Partners, has issued a $143.7 million bond guaranteed by French export credit agency (ECA) Coface to refinance 10 ATR turboprop aircraft. The 10-year, floating-rate, bond represents the first Coface-backed bond for an ATR aircraft, as well as the first Coface bond to be privately placed
TXF has announced a one-day conference dedicated solely to US Ex-Im following the North American ECA’s recent reauthorisation.
Commerzbank’s head of structured commodity trade finance (SCTF) Mario Messerschmidt has brought to an end his fifteen-year tenure at the bank, announcing his departure effective on December 31.
In a wide-ranging interview with TXF’s Hesham Zakai, Henry Balani talks about the responsibilities facing banks; unintended consequences engendered by regulation, including the impact on correspondent banking; his hopes for improvements to bank processes in the emerging world; and how the ‘new normal’ is an opportunity for all banks to distinguish themselves in a competitive marketplace.
The International Chamber of Commerce (ICC) and IE Singapore have collaborated to launch the ICC Academy, which aims to provide “rigorous and relevant” business education to professionals and students alike – starting with a faculty in trade finance. TXF spoke with John Danilovich (JD), Secretary General of ICC, and Teo Eng Cheong (TEC), CEO of International Enterprise (IE) Singapore, to find out more about the origins of their collaboration, and the prospects of the ICC Academy.
Using a rich data set gathered by Orbian over several years, academics from IML and the European Business School have researched the ways in which companies use Supply Chain Finance (SCF).
Small and medium-sized enterprises (SMEs) are among the hardest-hit by the trade finance gap – accounting for more than half of all rejected transactions, according to the International Chamber of Commerce (ICC) Banking Commission’s 2015 Global Survey.
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.
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.
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.
TXF’s Hesham Zakai ventures into the brave – but not so new – world of supply chain finance vendors and their respective offerings.
Hesham Zakai analyses the TXF-ICC Export Finance Global Survey 2015, which polled a range of export finance professionals, and compares the results with those from last year.
Independent energy trading company BB Energy has signed a $200 million revolving credit facility (RCF) with a club of 25 financial institutions.
This week, ICC Austria has been hosting its 10th annual Trade Finance Week. TXF spoke to Andrea Hauptmann, head of guarantees at Raiffeisen Bank International (RBI) and one of the key figures behind the conference, in Vienna today.
BEST EUROPEAN/EURASIAN COMMODITIES FINANCE DEAL OF THE YEAR Hesham Zakai discovers why simplicity was the best policy for Aegean Marine Petroleum’s new borrowing base facility.
BEST ENERGY FINANCE DEAL OF THE YEAR Hesham Zakai reviews how government support, a winning international alliance and strategic timing have combined in this EGPC deal to put Egypt back on the global investment map.
BEST ASIA-PACIFIC COMMODITIES FINANCE DEAL OF THE YEAR Hesham Zakai praises a Noble Agri revolving credit facility that can have a significant impact on the agri landscape.
A special report from TXF Data presenting an overview of key commodities market transactions.
The Export-Import Bank of Korea (Kexim) and Korea Trade Insurance Corporation (K-Sure) have finally signed a $5.5 billion Brazil-South Korea financing transaction for the Pecém Steel Company (CSP) project in Brazil, TXF has learned.
An overhaul of the ICC’s Docdex dispute resolution mechanism that will speed up, streamline and make more transparent the process has been launched at the ICC Banking Commission Meeting in Singapore.
Fabrice Morel, the deputy secretary general of the Berne Union, has announced he will be leaving the association on Friday 17 April.
The Export-Import Bank of the United States (US Ex-Im) has released an initial line-up of speakers for its annual conference in Washington DC, featuring prominent politicians, business figures, media personnel and academics.
There is a general consensus within the banking industry that – as a concept at least – privileging short-term profitability over the long-term health of an institution is a recipe for future failure.
FIMBank group has recently announced its financial results for 2014, in which it posts a pre-tax loss of $53.43 million. This compares to a pre-tax loss of $6.4 million in 2013. The bank has also lost a number of senior personnel at the same time. Find out who, and much more, here. Despite this, the bank entitles its financial report for 2014 as “Positive outlook after high impact of impairments”.
The International Chamber of Commerce (ICC) Banking Commission is preparing for its annual meeting in Singapore, which will feature the launch of the eagerly-anticipated ICC Academy.
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
The only dedicated forum for the APAC trade and commodity finance community. Join dealmakers from across Asia-Pacific as we tackle key industry issues and analyse the latest deals in the market.
TXF Africa 2020 will focus on recent and forthcoming developments across regional export, project & commodity finance and explore new opportunities for each market.
TXF Global Commodity Finance 2020 conference goes back to the future . Join deal makers from across the globe for an unmissable two day 80’s themed extravaganza.
The global export, agency & project finance games return for 2020! Join us in Madrid for the largest gathering of its kind with a vision to taking your network further than ever before.