Free Trial

Export & Agency Finance

  • Germany extends export credit refinancing 10 March 2010

    The German government has extended its export credit refinancing aid scheme for long-term export credit for a further six months.

  • BCC bemoans UK export finance 10 March 2010

    A British Chambers of Commerce survey finds that UK exporting businesses are still experiencing severe difficulties securing essential export trade finance.

  • JBIC supports Indonesian power 09 March 2010

    The Japan Bank for International Cooperation has agreed to finance two separate power projects in Indonesia.

  • US Ex-Im appoints new vice presidents 09 March 2010

    The Export-Import Bank of the United States has named two new senior vice presidents for congressional affairs and small business.

Commodity Finance

Trade & Supply Chain

Factoring & Forfaiting

Trade Finance Loans

Law & Regulation

  • StanChart teams with China for trade roadshow 10 March 2010

    Standard Chartered Bank has teamed with Chinese officials for a trade delegation to promote renminbi trade settlement in Malaysia, Thailand and Singapore.

  • Comment: ONS UK Trade Statistics 09 March 2010

    Comment from Iain MacDonald, head of trade product, Barclays and the British Chambers of Commerce following the release of today's ONS UK Trade Statistics.

Trade Credit & Political Risk Insurance

  • Germany extends export credit refinancing 10 March 2010

    The German government has extended its export credit refinancing aid scheme for long-term export credit for a further six months.

  • Zurich and KEIC sign MoU 26 February 2010

    Global insurer Zurich’s North America Surety, Credit & Political Risk group has signed a MoU with Korea Export Insurance Corporation (KEIC), Korea’ export insurance agency.

Trade Infrastructure

  • Citibank opens financial centre in Dubai 04 March 2010

    Citibank has opened the Jebel Ali Financial Centre, Dubai, to provide business and financial solutions for small and mid-market enterprises.

  • Banobras NIP to be boon for US exporters 25 February 2010

    US Ex-Im and Banobras have signed a memorandum to support up to $1 billion in US exports to back Mexico’s infrastructure development programme.

Islamic Trade Finance

Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?
11%
No - are you crazy? These prices are ridiculous. What were these banks thinking?
32%
Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.
58%

Quote

Until credit sanctioners can escape from their investment grade comfort zone, they’ll never enable the full potential of an STCF approach to be felt.

Aidan Applegarth, independent banking consultant - Commodity banks bounce back, December 2009