BNPP Egypt becomes ISO certified

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25 May 2010

BNP Paribas Egypt is the first bank in Egypt to receive ISO certification for international trade finance services.

BNP Paribas Egypt has become the first bank in Egypt to receive ISO 9001:2008 quality management system (QMS) certification for international trade finance services which include...

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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.

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%