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Santander signs Mexico military buyer credit

08 January 2010

Santander has a signed a long-term buyer credit deal to fund Mexico’s acquisition of military aircraft.

Read more: [Santander Mexcio buyer credit military export]

Santander has a signed a $390 million buyer credit deal to fund Mexico’s acquisition of military aircraft.

The deal has a tenor of 11 years.


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010