Best International Trade Bank in China

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23 July 2009

Helping clients with new realities

Winner: HSBC Highly commended: Deutsche Bank HSBC has held onto this much coveted category for the second year running, pushing ahead despite the economic slowdown affecting the country’s exports. Deutsche Bank takes the highly commended spot and Citi comes in third place. The workshop of the world has been hit hard by the collapse in consumer confidence in its target markets,...

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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%