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15 June 2015

Citi faces headwinds in commodity trade finance, presses on with expansion

Citigroup and rivals in the commodity trade finance sector are facing headwinds of weak oil prices, sanctions on Russia and stiff competition, which have pressured...

15 June 2015

JLT Specialty USA launches CPS risk practice

JLT Specialty Insurance Services (JLT Specialty USA), a US subsidiary of multinational insurer Jardine Lloyd Thompson Group, today announced the appointment of several...

15 June 2015

Wells Fargo Capital Finance makes senior changes

Wells Fargo Capital Finance announced new leadership roles for executives Scott Diehl, Steve Macko and Kurt Marsden. Each will lead one of the three core business...

15 June 2015

S&W Advises on 2015 Cocobod Financing: Sullivan & Worcester LLP

Sullivan & Worcester has been appointed to advise Deutsche Bank, as documentation agent, and the lenders in the annual Pre-Export Receivables-Backed Trade Finance...

15 June 2015

New Zealand ECA announce new senior hires

The New Zealand Export Credit Office (NZECO) have announced three senior hires. The New Zealand export credit agency (ECA) have hired Phil Quinn and Michael Hoare -...

12 June 2015

KfW IPEX arranges export credit financing for Iceland silicon project

KfW IPEX-Bank has arranged a $194 million export credit financing transaction for the German firm PCC SE to build a state-of-the-art silicon metal production plant in...

12 June 2015

HSBC recruits Inwha Huh as head GTRF for the US and Canada

HSBC has hired trade veteran Inwha Huh as head of global trade and receivables finance (GTRF) for the United States (US) and Canada. She will be responsible for leading...

12 June 2015

All hail… the TXF Best in Class

June is a month that is always jam-packed with highly-publicised sporting accomplishments. With leagues and tournaments of every variety coming to a climatic end in the...

12 June 2015

SACE provides guarantees for loans to EuroChem’s new Russian ammonia plant

Italian export credit agency SACE has agreed to guarantee a total of €575 million ($648 million) loans to be issued to Russia’s agrichemical company EuroChem to build a...

12 June 2015

Pricing not reflective of cost of funding for one third of banks

Pricing, cost of funding, capital markets, Basel III and the general future for the medium to long term (MLT) lending business continue to be high on the agenda for the...

12 June 2015

Infrastructure and Africa hold the biggest prospects for ECA finance

The top rated sectors for growth in export finance over the next two years are power and infrastructure, according to a poll of close to 300 executives at the recent TXF...

12 June 2015

Germany tops poll for ECA support

For the second year in a row Germany was voted as the country with the best export credit agency (ECA). This was during a poll completed by over 300 executives at the TXF...

12 June 2015

Russian ECA-backed business continues to see some activity

Despite the current sanctions environment, an industry poll at the recent TXF ECA Finance conference in Paris, suggested 25% of the audience had completed an ECA-backed...

12 June 2015

Olam receive clearance for ADM Cocoa purchase

The European Commission has given the green light to Olam Resources for the purchase of the cocoa business of Archer Daniels Midland Co. (ADM). The $1.3 billion...

11 June 2015

ING and KfW IPEX arrange Airbus financing for Asiana Airlines

The New York-based team of ING Capital together with KfW IPEX-Bank have arranged an export finance structure for South Korean Asiana Airlines’ (Asiana) acquisition of one...

11 June 2015

Afrexim to introduce guarantee facility for African processing plants

The African Export-Import Bank (Afrexim) is to introduce a special guarantee facility to enable African processing plants secure long-term export contracts with bank...

11 June 2015

CFO survey reveals Asia-Pacific business confidence is up

The 2015 CFO Outlook Asia survey released by Bank of America Merrill Lynch reveals that more chief financial officers (CFOs) in Asia-Pacific are confident in their...

11 June 2015

Macquarie appoint ECA-backed ship finance specialist

Macquarie Group have appointed Guido Musso as managing director for shipping and offshore, within its specialised investment solutions business. Musso is a respected...

11 June 2015

Letters of credit: still alive and kicking

This week, ICC Austria has been hosting its 10th annual Trade Finance Week. TXF spoke to Andrea Hauptmann, head of guarantees at Raiffeisen Bank International (RBI) and...

11 June 2015

The emperor’s new clothes: banks and ECAs exposed

The TXF ECA Finance conference in Paris last week seemed the perfect place to update the market on the findings of the 2015 Exporter Survey. Over the past few months,...