SG signs Faso Coton pre-export financing - Trade Finance - March 2010

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SG signs Faso Coton pre-export financing

11 March 2010

Société Générale has closed a pre-export financing for Burkina Faso cotton producer Faso Coton.

Read more: Société Générale Reinhart and Faso Coton

Société Générale has closed an Eu8 million pre-export financing for Burkina Faso cotton producer Faso Coton.

The deal...

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Following the financial crisis of 2008, progress was made by the regulators on the Basel III Accord. 2011 saw a growing concern by a number of banks that a possible unintended effect of Basel III was a severe reduction in financing trade, particularly for short-term letters of credit.

Lessons to be Learned from 2011 and Issues to Look out for in 2012 - Trade Finance Market Outlook 2012

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