Best International Trade Bank in Vietnam

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23 July 2009

Ahead of the game

Winner: Citi Highly commended: HSBC This year’s competition has been as tense as always. HSBC raced through the rankings to push BNP Paribas off the highly commended slot while Deutsche Bank has garnered more recognition this year from their clients with a highly respectable third position. But it is Citi which has really...

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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%