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Trade Finance – December 2009/ January 2010

18 December 2009

Highlights from the December 2009/January 2010 print edition of Trade Finance magazine.

Read more: [Trade Finance print edition] [Trade Finance December issue]

COVER STORY

GLOBAL COMMODITY BANKING REVIEW

Commodity trade banks have had to face a range of difficult issues and circumstances through the course of the global economic crisis. Now though, with some lessons learned and certain sectors growing stronger, the traditional players are eyeing the changed scene and new opportunities. Michele Martensen assesses the market.

FEATURES

Exclusive interview – Rabobank: Redrawing the boundaries

Jonathan Bell talks with Rabobank International’s Karel Valken about the bank’s recent developments within trade and commodity finance.

Year-end review – ECAs: Sustaining trade in a tough year

Naomi Christie looks at how ECAs have responded to the fallout of the banking crisis over the last 12 months.

Year-end review – capital equipment financing: An exceptional year

Considering the scale of the global economic downturn through much of 2009, financings of capital equipment have remained exceptionally buoyant. Jonathan Bell examines selected deals in some key sectors.

Kazakhstan – trade debt: Outlining the restructuring

Dickon Harris examines what the latest developments for the two Kazakhstan bank restructurings, Alliance Bank and BTA Bank, mean for trade finance.

Deal analysis – Eurocopter: Cooperation generates success

Jonathan Bell reveals how Eurocopter achieved financial success with its Brazilian helicopter supply contract.

Middle East – roundtable: The integration of treasury solutions

With the level of cash and trade convergence varying from region to region, BNY Mellon hosted a roundtable in Dubai to discuss with local bankers the pace of change in the Middle East.

Country profile – Turkey: Delight for trade investors

With strong levels of economic growth, a healthy banking sector and continuing foreign investment, Dickon Harris examines Europe’s surprise winner of the crisis: Turkey.

Global head interview – Sanjeev Paul: Investing in structured trade

Trade Finance caught up with Sanjeev Paul, global head of structured trade finance at Standard Chartered Bank.


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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%

Quote

From a Brazilian perspective a lot of work still needs to be done in getting foreign lenders more comfortable to finance the second-tier players again.

Ian Henderson, Texel Capital - Brazil: Agri-sector bounces back - Trade Finance July/August 2010