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May
HSBC has launched a AED1 billion trade fund for SMEs in the UAE open to new and existing customers with cross border trading requirements.
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Finacity and NordLB increase a trade trade receivables securitisation facility for German-headquartered shipping company Hapag-Lloyd Group.
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Scott Shepherd named Foreign Trade Counselor of Luxembourg.
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UAE-based Mashreq has upgraded its trade and working capital facility for small businesses.
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GE Capital brings funding and development security to Ceramic Prints with finance package to support one of UK’s largest tile companies.
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Copper producer KME Group is one of a small, but growing number of manufacturers in Western Europe that use trade finance for working capital in preference to more conventional untied loans. Graeme Burton talks to KME’s corporate finance director, Pierpaolo Di Fabio, about the company’s financing strategy.
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The development banks and export credit agencies of key emerging economies have recently signed a framework agreement on local currency swaps, raising the question of whether state intervention will precipitate more local-currency deals funded by private institutions. John Geddie reports.
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Highlights from the May 2012 print edition of Trade Finance Magazine.
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April
Singapore-based oil and energy trader Gunvor has tapped banks for a refinancing.
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Australia’s Westpac is open its first branch in India to increase commercial banking in the region.
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Dealogic export credit agency activity league tables 1Q 2012, arranged by individual agency.
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Dealogic export credit agency financing league tables 1Q 2012, arranged by region.
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Dealogic trade finance league tables 1Q 2012, arranged by financial instrument.
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Trade finance volume at lowest total since 3Q 2009; ECA guarantees activity at lowest level since 4Q 2008; HSBC tops global trade finance ranking.
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Turkey’s VakifBank signs trade loan at the latest Turkish FI pricing benchmark.
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Scott Shepherd, President & CEO, Northstar Trade Finance
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By Norm Buchbinder, senior vice president and head of Wells Fargo International Risk Mitigation and Export Credit Agency Finance Group
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CIT has appointed Andrew Brandman as chief administrative officer.
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Adapted from a panel discussion at the 14th Annual Structured Trade & Export Finance in the Americas Conference – Miami, March 1-2, 2012.
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HSBC picks Box to the newly-created role of head of trade and receivables finance, Europe.
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Highlights from the April 2012 print edition of Trade Finance Magazine.
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March
USA’s IIG Capital LLC is rebranding its trade finance division as IIG Trade Finance LLC.
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Brazil's Central Bank imposes trade finance restrictions from foreign lenders as well as a host of new tax measures which will impact offshore short-term export and trade loans to Brazilian firms.
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Highlights from the March print edition of Trade Finance Magazine including Deals of the Year 2011 for EMEA.
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With the unprecedented retrenchment of several key structured trade and export finance institutions, finding new sources of liquidity for trade transactions is a priority. Oliver O’Connell assesses what some of the alternatives are and if they are a good fit.
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PwC is arranging creditors’ meetings this month to discuss the restructuring of Swiss oil refiner Petroplus’ outstanding debt.
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The People’s Bank of China (PBOC) widens renminbi trade settlement scheme to include all mainland Chinese exporters.
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UK’s Aldermore has hired an associate director from rival Close Invoice Finance.
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February
Bank of Ireland is in the process of selecting a new head of trade finance as its present head plans to leave the bank at the end of March.
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The Ghana Cocoa Board (Cocobod) has requested proposals from banks for its 20th annual jumbo pre-export financing.
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Agricultural Bank of China has opened a branch in South Korea.
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Bank of America Merrill Lynch (BofAML) has revealed the results of its inaugural CFO Outlook Asia research poll.
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Russia’s Sberbank completes its first bank acquisition outside the CIS.
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Barclays Corporate has provided costume maker AFG Media with a short-term, £600,000 trade finance loan, allowing it to increase production of morphsuits to meet global demand.
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The SMBC Trade Finance Almanac 2012 in association with Sumitomo Mitsui Banking Corporation (SMBC), Zurich, and Trade Finance Magazine.
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Arab Banking Corporation (ABC) has revealed that it made a $204 million profit in 2011, a rise of 43% compared to 2010.
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Bookrunners BNP Paribas and Natixis have signed a revolving credit facility for Peru’s Consorcio Minero.
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Russia’s Sberbank reported a record trade finance turnover for 2011. Dickon Harris examines the bank’s trade finance strategy for 2012.
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Highlights from February 2012 print edition of Trade Finance Magazine.
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Kazakhstan’s BTA Bank announces formation of creditors’ steering committee and meeting in London tomorrow.
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As some banks continue the de-leveraging process, the fall-off in levels of trade financing in Russia/CIS has been significant. Given the importance of this region to the health of the global trade profile, how will the vast needs of corporates based in, and operating in, the region be financed going forward? Jonathan Bell examines the scene.
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GE Capital has provided an asset based loan to Glasgow-based safety equipment and work-wear supplier Willis Safety.
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January
HSBC has announced plans to offer billions of trade finance for UK business.
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A group of banks have signed a revolving credit facility on behalf of Export Credit Bank of Turkey (Turk Eximbank).
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US Ex-Im has appoved $6 billion in small business export financing during the first year of the bank's nationwide Global Access outreach initiative.
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Barclays appoints new head of trade and working capital, Middle East.
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Jordan’s Investbank has established its second subsidiary – Al Imdad, ?specialising in trade finance and supply chain logistics for traders and manufacturers.?
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A joint survey by the ICC and the IMF says the lack of availability of trade finance, especially from deleveraging banks, will lead to depressed trade volumes for 2012.
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BBVA has relocated its transactional trade finance head to New York to maximize its cross border business and Latin American and USA networks.
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Arab Banking Corporation has announced changes to the top management team at its key European subsidiary, ABC International Bank London.
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Full year Dealogic league tables for export credit agency-backed financing for 2011.
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Dealogic global trade finance league tables including and excluding sole bank loans for 2011.
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Full year Dealogic trade finance league tables by region including and excluding sole bank loans for 2011.
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Trade finance volume has reached its second highest level on record, with the volume of ECA guarantees at a record level, and Citi topping the ECA-backed trade finance rankings.
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The Export-Import Bank of Korea and Kazakhstan’s Kazkommertsbank have signed a bilateral loan agreement.
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The annual Trade Finance Market Outlook including our contact directory and events calendar.