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Global

Europe

  • GIEK backs seismic vessel loan 02 September 2010

    GIEK has issued a guarantee for a loan to Polarcus Asima in connection with the delivery of the seismic research vessel Polarcus Asim from Dubai Drydocks.

  • Bibby expands UK team 02 September 2010

    UK trade finance provider Bibby Financial Services has appointed a new business development manager for trade and international finance for the South East.

  • Sberbank signs export credit agreement 01 September 2010

    Sberbank and German export credit consortium AKA Bank have signed a revised version of an agreement to finance exports into Russia.

  • Serv to open French speaking Swiss branch 01 September 2010

    Swiss export credit agency Serv is to expand its support to exporters in French speaking Switzerland by opening a branch office in Lausanne, Switzerland.

Russia & the CIS

North America

Latin America & Caribbean

  • CITIC and CDB sign Argentine subway loan 02 September 2010

    China’s CITIC Group and China Development Bank have signed a loan to the Ministry of Economy and Public finance of Argentina for subway vehicles and equipment.

  • Surecomp expands in China and Chile 31 August 2010

    Global trade solutions provider Surecomp has expanded its support and development centres in Beijing, China, and Santiago, Chile.

  • WestLB syndicates Brazil soy deal 25 August 2010

    WestLB has launched syndication of a pre-export financing facility for Brazilian agri-company Vigolo- Bom Jesus.

  • Citi and OPIC sign Banco Regional term loan 24 August 2010

    Citi and OPIC have signed a ten-year term loan to Banco Regional to support long-term finance for small and mid-sized enterprises in Paraguay.

Middle East & North Africa

  • Path’s iMAL installed at Al Khaliji for Shari'a trade 02 September 2010

    Islamic banking industry software solutions provider Path Solutions has implemented its iMAL solution for Al Khalij Commercial Bank, Qatar, to enable Shari'a-compliant trade finance services.

  • BNP Paribas inks ECA-backed Alba loans 31 August 2010

    BNP Paribas has signed two loans with smelter company Aluminium Bahrain to replace electronic equipment at its smelting complexes.

  • IsDB increases Sukuk issuance 26 August 2010

    Islamic Development Bank subsidiary Trust Service Limited's Trust Certificate Issuance Programme has been increased to finance growth in IsDB's operations.

  • Deutsche inks Cairo Festival City deal 25 August 2010

    Deutsche Bank has signed an ECA-backed deal for UAE-based trading company Al Futtaim Group’s Cairo Festival City project in Egypt.

Sub-Saharan Africa

North Asia & China

South-East Asia & Australasia

South Asia

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