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ITFA’s Edwards on rising to the challenges of trade digitisation and ESG
ITFA’s Edwards on rising to the challenges of trade digitisation and ESG
Katharine Morton
13 September 2021

The International Trade and Forfaiting Association (ITFA) is grabbing the digitisation and ESG agenda and TXF talks to Sean Edwards, ITFA’s chair in the runup to the organisation’s 47th annual conference in Bristol in October about how to rebuild bank trade capacity in the current climate.

EDC’s net zero odyssey: On taking the pledge
EDC’s net zero odyssey: On taking the pledge
Katharine Morton
31 August 2021

Justine Hendricks, senior vice president and chief sustainability officer at Export Development Canada talks to TXF about the implications of EDC’s net zero commitment on it and its customers and how it will engage all clients in the transition journey

SWIFT’s evolution in digital trade: Balancing trade API-ness?
SWIFT’s evolution in digital trade: Balancing trade API-ness?
Katharine Morton
25 August 2021

How is SWIFT’s own digital trade evolution progressing? Will corporates, banks and vendors be on board and does the organisation risk competing with itself? TXF looks to history and asks more questions than it can get answers to at the moment. Will a pivot toward APIs be an answer in trade?

Trade digitisation and ESG improv: Yes and, not yes but
Trade digitisation and ESG improv: Yes and, not yes but
Katharine Morton
30 June 2021

TXF’s Global Trade Virtual 2021 event took us on the rollercoaster journey of financing international trade last week. Saying “yes, and” could get the markets to help financing trade more sustainably (and digitally)

BAFT: One hundred not out
BAFT: One hundred not out
Katharine Morton
22 June 2021

One hundred years of an international trade body was a virtual party not to be missed. TXF spoke to Tod Burwell in the wake of the Bankers Association for Finance and Trade’s (BAFT) centennial celebration to find out what has been the secret of the trade organisation’s longevity, how it has helped moved international trade in a positive way, and what excites the organisation’s President and CEO about the future

CGI on trade digitisation: Acceleration and interoperability on track
CGI on trade digitisation: Acceleration and interoperability on track
Katharine Morton
15 June 2021

In the run-up to TXF’s Global Trade Virtual 2021 on 23-24 June, Patrick DeVilbiss, Offering Manager, Trade and Supply Chain Solutions at CGI talks to TXF about how accelerated trade digitisation amid the pandemic should be long lasting

Eat your greens: Will incentive issues stymie ESG ambitions for ECAs?
Eat your greens: Will incentive issues stymie ESG ambitions for ECAs?
Katharine Morton
2 June 2021

Is financing ESG-linked projects and exports going to be limited by what exporters and project financiers cannot do rather than what they can? How can (or should) incentives be improved and how can more deals that improve ESG outcomes be made bankable?

Trade digitisation: Testing the secret sauce
Trade digitisation: Testing the secret sauce
Katharine Morton
6 May 2021

Has the secret sauce to trade digitisation been discovered in MLETR and is it something that will get over a decade of industry fatigue on the subject? Will the trade industry be able to get the sauce out of the bottle, will everyone like the same sauce, will they need to?

Xylem and Citi on sustainability and trade: Transparency is key
Xylem and Citi on sustainability and trade: Transparency is key
Katharine Morton
20 April 2021

Jump right in and take sustainability to where the client is at in their journey. That’s the strong message of TXF’s discussion with Donna Laviolette, Senior Manager, Global Sustainability at Xylem and Donna McNamara, Global Head, Trade Product Commercialization, Treasury and Trade Solutions at Citi, hosted by Citi. How does financing trade sustainably work in practice?

ESG: Is the G silent for ECAs?
ESG: Is the G silent for ECAs?
Katharine Morton
14 April 2021

The G for governance is often silent in discussions of ESG, Environment, Social and Governance. TXF tries to unpick this and its importance for supply chain management for export credit agencies

Greensill: SCF and insurance industry fallout
Greensill: SCF and insurance industry fallout
Katharine Morton
11 March 2021

How can - or should - the SCF industry distance itself from the fast evolving situation at Greensill Capital? Is more transparency needed? For sure. How should the credit insurance industry respond? What is the fallout? TXF discusses eggs in baskets and babies with bathwater and waking up and smelling coffee with senior industry players.

ECAs and the once elusive SME: Hunting the Snark?
ECAs and the once elusive SME: Hunting the Snark?
Katharine Morton
25 February 2021

What has Covid meant for ECAs and their ability to attract smaller companies? How are ECAs responding to the needs of these new clients and how are they broadening their financing partners? Once the pandemic imperative is over, will those smaller businesses be back for more? TXF talks to four ECAs about their experience with SMEs – and finds out things may have changed for good.

Consensus still standing - Or is new thinking needed on export finance regulation?
Consensus still standing - Or is new thinking needed on export finance regulation?
Katharine Morton
3 February 2021

The OECD Consensus has a long history but it’s still the only game in town. With the International Working Group now in stasis, is that a problem, or is it going to focus minds on reform? It’s time for new thinking.

Overcoming Catch-22 and Covid-19: A treasury perspective on trade
Overcoming Catch-22 and Covid-19: A treasury perspective on trade
Katharine Morton
29 January 2021

Henrik Welch, vice president and group treasurer at Alfa Laval discusses treasury perspectives on navigating international trade and cross border working capital management with TXF, and the need for banks and ECAs to step up further.

Reasons to be cheerful (in trade, treasury and risk in 2021), part one
Reasons to be cheerful (in trade, treasury and risk in 2021), part one
Katharine Morton
13 January 2021

It’s easy to be gloomy, but a new year is a good point to look to the bright side. Here are some thoughts about why staying in bed for the whole of 2021 will not be the best option for trade, treasury and risk.

New SCF for the new normal in emerging markets
New SCF for the new normal in emerging markets
Katharine Morton
16 December 2020

In a discussion supported by Finverity, TXF looks at new ways for companies to effectively use digitisation in emerging markets to propel access to financing for sustainable international trade through supply chain finance (SCF).

New SCF for the new normal in emerging markets
New SCF for the new normal in emerging markets
Katharine Morton
11 December 2020

In a discussion supported by Finverity, TXF looks at new ways for companies to effectively use digitisation in emerging markets to propel access to financing for sustainable international trade through supply chain finance (SCF).

Trade credit insurance: When the short term turns long (and possibly nasty)
Trade credit insurance: When the short term turns long (and possibly nasty)
Katharine Morton
2 December 2020

Are we going to be looking at a whole different playing field for trade credit insurance across borders as the pandemic works itself through the financial system? Katharine Morton, head of trade, treasury & risk at TXF, investigates the potential lumps and bumps along the way ahead of TXF’s Global Trade Virtual event on 8-10 December.

Building on the halal brand with ECI Islamic
Building on the halal brand with ECI Islamic
Katharine Morton
3 November 2020

Etihad Credit Insurance (ECI) has bold ambitions, and launching an Islamic Finance suite of products in the eye of the COVID-19 crisis is part of its positive push to narrow the trade finance gap and tap into the potential of the halal market globally. TXF spoke to both ECI’s CEO, Massimo Falcioni, and to Zishan Iqbal, Director of Murabaha Solutions, about the agency’s plan and the products.

Re-evaluating technology to embrace the new trade agenda
Re-evaluating technology to embrace the new trade agenda
Katharine Morton
12 October 2020

TXF talks to CGI’s Rory Kaplan, senior offering manager for trade and supply chain solutions, Patrick DeVilbiss, director of consulting, trade and supply chain solutions and Colin Zeglen, product manager for trade and supply chain solutions for a reality check on digitisation in challenging times.

Time to double down on trade digitisation? On counting virtual beans
Time to double down on trade digitisation? On counting virtual beans
Katharine Morton
26 August 2020

TXF looks at distinctions between virtual and real in trade digitisation. How much is the current crisis helping drive change? The challenges are more than simply counting metaphorical beans.

ABCP: Needs must when the devil drives in discombobulated trade markets?
ABCP: Needs must when the devil drives in discombobulated trade markets?
Katharine Morton
12 August 2020

China’s underreported new ABCP digitisation play, if it works, could have implications for trade finance markets. It’s a big if, but it certainly warrants closer attention to how the pilots could presage changes to sidestep bank financing.

Keynote: Caterpillar on spreading the ECA umbrella
Keynote: Caterpillar on spreading the ECA umbrella
Katharine Morton
26 May 2020

TXF spoke with Tim Gaul, global export finance director, export and agency finance at Caterpillar to outline what the reauthorisation of US Exim means for the US exporter, especially given now it can tap other more flexible ECAs - like Serv, UKEF and most recently Sinosure - for support.

Keynote: Elecnor’s long distance runner approach to structured finance
Keynote: Elecnor’s long distance runner approach to structured finance
Katharine Morton
18 May 2020

Angela Perez, head of structured finance at Elecnor spoke to TXF both about the Spanish infrastructure and engineering company’s response to the current crisis, and the wider role teamwork across the industry will play in the recovery.

Live Webinar: Filling the $1.5tn trade finance gap: How much can technology bridge?
Live Webinar: Filling the $1.5tn trade finance gap: How much can technology bridge?
Katharine Morton
8 May 2020

Wednesday 20 May | 11am BST | 12pm CEST How much is digitisation going to help narrow the gap between what trade finance is needed and what is under offer?

Keynote: Berne Union’s President and Secretary General, certain about uncertainty
Keynote: Berne Union’s President and Secretary General, certain about uncertainty
Katharine Morton
27 April 2020

Beatriz Reguero, President, and Vinco David, Secretary General, of Berne Union, the global export credit and investment insurance industry association, discuss the association’s strategy through the Covid-19 crisis and climate change, how uncertainty is both a plus, and a minus for its members. One thing that is certain about the coming year – is more uncertainty.

Keynote: US Exim’s Renna on when the rubber hits the road
Keynote: US Exim’s Renna on when the rubber hits the road
Katharine Morton
23 April 2020

Stephen Renna, chief banking officer at Export-Import Bank of the US talks to TXF about US Exim’s response to Covid-19 as it hits the ground running following full reauthorisation. How is US Exim filling the gaps left by the private capital market in both guarantees, working capital support and SCF? What about cooperation with other ECAs when the hard work of recovery really starts?

Are the wheels of supply chain finance still turning? In viro veritas 4
Are the wheels of supply chain finance still turning? In viro veritas 4
Katharine Morton
22 April 2020

Supply chain finance can be a great tool for keeping funding flowing to all parts of the supply chain, but is there an existential strain on programmes from the dislocations of physical supply chains amid Covid-19? How will the crisis hit banks' and non-bank programmes and how will contracts be affected? Will ECAs and governments increasingly have to step in?

Keynote: ADB’s Beck on supercharging trade finance as a crisis response vehicle
Keynote: ADB’s Beck on supercharging trade finance as a crisis response vehicle
Katharine Morton
15 April 2020

Steven Beck, head of trade and supply chain finance at ADB talks to TXF from lockdown Manila about how ADB is supercharging its existing trade finance programs to keep trade flowing amid Covid-19 and how both the digitisation and sustainability agenda will be maximised.

Keynote: Pedal still to the metal on sustainability for France’s MoF
Keynote: Pedal still to the metal on sustainability for France’s MoF
Katharine Morton
8 April 2020

Gabriel Cumenge, deputy secretary of the French Ministry of Finance, DG Tresor tells TXF the importance of ECAs continuing their roles as the shock absorbers of global trade and driving the sustainability agenda through the current crisis.

On financial triage: In viro veritas 3
On financial triage: In viro veritas 3
Katharine Morton
1 April 2020

TXF’s ‘in viro veritas’ series looks at the effects of the Coronavirus Covid-19 pandemic on trade and export finance. The first in the series was an early stage call to action, the second showed ECAs picking up their activities and this, the third, looks at more a coordinated response from institutions.

Commodity finance report 2019: Structured deal volume drops by nearly half
Commodity finance report 2019: Structured deal volume drops by nearly half
Max Thompson
25 March 2020

Overall volumes of global commodity finance fell by 16% in 2019 compared to 2018, according to the full-year TXF 2019 Commodity Finance Report, while structured commodity finance plummeted to nearly half the volume of the previous year. Max Thompson reviews the drivers behind these low figures, as well as the most active regions and sectors across the commodity finance space.

Coronavirus and global trade TXF podcast series: In viro veritas?
16 March 2020

Keynote: Opening up EKN's one-stop guarantees shop
Keynote: Opening up EKN's one-stop guarantees shop
Katharine Morton
2 March 2020

EKN had a banner year in 2019. EKN’s director general, Anna-Karin Jatko tells TXF about the rise of supplier credits for larger contracts, and how as part of ‘Team Sweden’ she has put sustainability, digitisation and the simplification of export finance at the top of the Swedish ECA’s mission statement.

Coronavirus and global trade: In viro veritas?
Coronavirus and global trade: In viro veritas?
Katharine Morton
26 February 2020

The new coronavirus, Covid-19, is shining a light on just how connected global trade is to the world’s second largest economy. TXF takes a look at how China will officially support its trade and we ask whether global ECAs need to be taking note. ‘Think Global, Act Local’ may be apt for world trade and the response to the disease.

Keynote: Finnvera CEO on cruising concentration risk
Keynote: Finnvera CEO on cruising concentration risk
Katharine Morton
24 February 2020

Finnvera’s CEO Pauli Heikkila talks to TXF about how the Finnish ECA’s increased exposure to the cruise ship sector drove much of its stellar growth in 2019. Should managing concentration risk be a concern going forward, not least amid the current coronavirus outbreak? Is Heikkila worried that the ECA, which won TXF’s ECA of the year award in 2018, will find diversification a challenge?

Keynote: Shipping keeps Euler Hermes CEO in buoyant mood
Keynote: Shipping keeps Euler Hermes CEO in buoyant mood
Katharine Morton
17 February 2020

It may have been a so-so year for many ECAs, but not Euler Hermes. CEO Edna Schoene was in a buoyant mood when she spoke to TXF. Financing ships has boosted business, claims have been benign and short term business has been stable, but the need to change the OECD Consensus radically is still top of mind,

EKN: On exporting Sweden’s fossil free energy future
EKN: On exporting Sweden’s fossil free energy future
Katharine Morton
12 February 2020

It was unseasonably warm for Stockholm in February at EKN’s annual seminar. TXF was in Sweden to hear about the opportunities to finance the transition to carbon zero. Apparently, no more Nobel prizes need be awarded for some of the technology to make it happen. The financing is a different question.

Keynote: The busy-busy post Brexit world of UKEF
Keynote: The busy-busy post Brexit world of UKEF
Katharine Morton
10 February 2020

Louis Taylor, CEO of UK Export Finance (UKEF), tells TXF he is all geared up for a busy life after Brexit. How is he facing media concerns about the UK’s export credit agency’s approach to sustainability? What about the world post US Exim reauthorisation? How is direct lending to SMEs going to progress?

Keynote: SERV’s CEO thinking outside the box
Keynote: SERV’s CEO thinking outside the box
Katharine Morton
3 February 2020

What does being a modern ECA mean? Peter Gisler, CEO of SERV has strong views on the Swiss ECA’s ability to be proactive, flexible and to think outside the proverbial box of options available. Nonetheless, it isn’t always an easy path. Gisler shares his thoughts with TXF.

Keynote: Deutsche’s Schmidt – from export financier to ‘project manager’
Keynote: Deutsche’s Schmidt – from export financier to ‘project manager’
Katharine Morton
30 January 2020

Werner Schmidt, Deutsche Bank’s new head of structured trade and export finance discusses how he sees his role morphing given the increasing complexity and longer lead times of many large deals. Is it still fun?

Keynote: Wartsila’s Back on the future of financing flexible power, rain or shine
Keynote: Wartsila’s Back on the future of financing flexible power, rain or shine
Katharine Morton
27 January 2020

Andreas Back, senior manager, financial services at Wartsila goes in depth with TXF to discuss financing sustainable power in a market that still needs backups when the sun is not shining and the wind is not blowing, his competition, his dealings with ECAs and DFIs and also the changes in marine finance. How does it work when your niche is being niche?

Into the sunshine: Telling tales about SCF
Into the sunshine: Telling tales about SCF
Katharine Morton
22 January 2020

The US SEC is on a drive to get companies to disclose supplier finance more explicitly. Companies would do well to tell their stories. The US accounting regulator has been asked to provide guidance. Some players are concerned that there is a risk to SCF as a whole if that guidance goes one way. Why should they be worried, and why is more transparency needed?

Keynote: Meet Mairead Lavery, EDC’s positive philosopher
Keynote: Meet Mairead Lavery, EDC’s positive philosopher
Katharine Morton
21 January 2020

TXF finds Mairead Lavery full of vigour about her first year as president and CEO of EDC in advance of her first performance review with the chair of the board. Her energies are devoted to promoting Canadian exporting companies on a path to sustainability, inclusion and diversity. Is she concerned about EDC’s perception as being more a bank than a traditional ECA? Not a bit of it. What about local content requirements? Competition with other ECAs? It’s a question of philosophy.

Keynote: 2020 top five priorities for trade - a strategic view
Keynote: 2020 top five priorities for trade - a strategic view
Katharine Morton
14 January 2020

TXF caught up with Citi’s John Ahearn to find out more about his newly-created role as chairman of trade to oversee strategic investments across the business, and what 2020 has in store for trade.

Keynote: Low Fives to KYC red tape
Keynote: Low Fives to KYC red tape
Katharine Morton
9 January 2020

David Avram, trade and export finance director at Fives talks to TXF about his outlook on the markets in 2020, and how the company structures its export finance activities. Will ECA-driven KYC red tape, and the timing of demands for compliance hinder the industrial engineering group’s deal flow?

Keynote: Teaching risk to rocket scientists at NASA, it’s a blast!
Keynote: Teaching risk to rocket scientists at NASA, it’s a blast!
Katharine Morton
8 January 2020

Ahead of TXF Americas next month, TXF caught up with Dr Jeevan Perera, a senior engineer at NASA, to find out how he teaches risk management to rocket scientists.

Drawing better straws? Pricing sustainability into supply chains
Drawing better straws? Pricing sustainability into supply chains
Katharine Morton
4 December 2019

Correctly pricing sustainability into corporate supply chains shouldn’t just be a matter of ticking boxes (or drawing straws). Companies are going to have to use their judgement to incorporate material climate risk of their supply chains into their financial statements better. Here’s a look at what some companies are doing, and how some are building sustainability into financing programmes.

CPRI market in the process of maturing: TXF talks to Matthew Beckett
CPRI market in the process of maturing: TXF talks to Matthew Beckett
Katharine Morton
29 November 2019

Appetite and capacity for credit and political risk insurance (CPRI) has been growing in the past 10 years but may be plateauing as the market matures. Matthew Beckett, EMEA director of insurance placement and loan capital markets at SMBC gives Katharine Morton a bank’s perspective on the future of what has been perceived as a ‘silent’ product in the run up to TXF’s CPRI conference in London on 4 December

Keynotes: In depth with Langlois on the evolution of trade distribution
Keynotes: In depth with Langlois on the evolution of trade distribution
Katharine Morton
28 November 2019

Nicolas Langlois, Standard Chartered’s global head of trade distribution talks to Katharine Morton about the bank’s recent $1 billion risk-sharing with the IFC to boost trade finance in emerging markets and how it is to stay on track. Will the seeds be spread effectively? Langlois shares his path to being head of trade distribution, the evolution of the bank’s distribution strategy and how he sees trade distribution developing.