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February
Deutsche Bank reports 7% growth in net revenues for global transaction banking for 2011, despite a slight increase in trade credit losses.
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Noble Group appoints senior Goldman Sachs banker as new chief executive officer.
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The IFC is due to sign its second supply chain financing (SCF) deal under its newly established SCF programme with third party SCF platform provider PrimeRevenue.
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Misys signs software licensing deal to help banks optimise business processes.
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IFC’s board has approved the establishment of the Critical Commodities Finance Programme (CCFP) as part of the MFI’s response to the financial crisis.
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January
The latest trade traffic statistics from SWIFT reveal there has been a 2.23% decline in the use of documentary trade instruments during 2011.
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IFC’s trade programmes reached new heights in 2011 in the multilateral’s drive to help banks in the emerging markets gain access to financing for their SME clients.
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Watson Farley Williams’ partner, Celia Gardiner, provides a simple guide to borrowing base facilities, an increasingly popular structured commodity financing instrument for both traders and commodity producers.
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XL Group has added four new members to its global political risk and trade credit (PRTC) team based in London.
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ABN AMRO has predicted price increases by the end of 2012 for a range of commodities including Brent oil, natural gas, silver, palladium, aluminium and zinc.
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International financial services association BAFT-IFSA has announced its newly elected board for 2012-13 at the group’s European annual meeting.
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Factors Chain International, the network of factoring companies, has reported a 20% increase in its two-factor cross border business in 2011.
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Malta-based trade finance specialist FIMBank brought together the CEOs of all of its international factoring joint ventures to discuss strategy and growth.
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PrimeRevenue has announced record growth for 2011 and introduced its new OpenSci™ cloud-based supply chain finance interchange.
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A joint survey by the ICC and the IMF says the lack of availability of trade finance, especially from deleveraging banks, will lead to depressed trade volumes for 2012.
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BBVA has relocated its transactional trade finance head to New York to maximize its cross border business and Latin American and USA networks.
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Reed Smith’s energy, trade and commodities team reviews whether the recent surge in financial sanctions and embargoes, and the resulting "sanctions clauses" in letters of credit (LCs) is challenging the fundamental nature of an LC.
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Livingston International is to acquire the customs and trade compliance services of JPMorgan Chase.
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Dickon Harris celebrates the 20th birthday of the ICC’s Uniform Rules for Demand Guarantees (URDG), regulations which govern demand guarantees and counter-guarantees in international trade.
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Full year Dealogic league tables for export credit agency-backed financing for 2011.
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Dealogic global trade finance league tables including and excluding sole bank loans for 2011.
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Full year Dealogic trade finance league tables by region including and excluding sole bank loans for 2011.
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Trade finance volume has reached its second highest level on record, with the volume of ECA guarantees at a record level, and Citi topping the ECA-backed trade finance rankings.
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US Ex-Im is nearing its exposure limit as its full reauthorisation is switched to a short-term continuation, and the Airlines for America law suit reaches court.
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Air France has closed the first-ever export credit agency-backed loan for a home market airline.
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Cheap resources underpinned economic growth for much of the 20th century. The 21st will be different.
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By Chris Conn, Sr. Business Manager, Banking & Corporate Initiatives – Americas, SWIFT
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The annual Trade Finance Market Outlook including our contact directory and events calendar.