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Oberbank picks SmartStream trade platform

04 March 2010

Austria’s Oberbank has selected SmartStream Technologies’s TLM Trade Finance to create a single platform for its cross-border and domestic business.

Read more: [Oberbank SmartStream Technologies’s TLM Trade Finance] [tarde finance platform] [trade services]

Austria’s Oberbank has selected SmartStream Technologies’s TLM Trade Finance to create a single platform for its cross-border and domestic business.

Oberbank has selected TLM Trade Finance to automate its guarantees, letters of credit and collections business processes. The solution will be...


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