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Trade Finance – June 2010

20 June 2010

Highlights from the June 2010 print edition of Trade Finance magazine.

Read more: [June 2010 Trade Finance] [Trade Finance magazine] [Trade Finance print edition]

Trade Finance June 2010COVER STORY – Awards for Excellence 2010
Strength and consistency pay off
Full Global & EMEA results plus tables of the Americas and Asia award winners.

FEATURES

NORDIC FINANCING FOCUS

SEB interview: Releasing cash
Dickon Harris talks to SEB’s Lars Millberg.

Transaction banking: Looking ahead
Alexander Malaket moderates a roundtable discussion held in Stockholm.

ECA activity: Setting a record
Dickon Harris examines the Nordic export credit agencies.

Sub-Saharan Africa – ECA activity: Less conversation, more action
Sam McManus assesses the growth of export credit agency involvement in the sub-Saharan region.

Enhanced role for trade finance boutiques
Oliver O’Connell reports from Falcon Trade’s finance forum in Dubai


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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