Trade finance news

Insurers at odds over sanctions

Insurers at odds over sanctions

There is disconnect between stakeholders in London’s political risk and trade credit insurance market over the proposed language for a new standardised “sanctions clause” the market is considering including in policy wordings.

GTR can exclusively reveal that brokers and underwriters are at odds over the language, which was proposed during a meeting between market representatives and a Lloyd’s Market Association (LMA) business panel on July 15.

Large projects see PRI demand soar

Large projects see PRI demand soar

Financing large infrastructure projects has caused a surge in demand for political risk insurance (PRI) in recent years and prices have generally softened as a result.

Update: Cocobod seeks extra cash

Update: Cocobod seeks extra cash

According to the Ghanaian minister of finance, Seth Tekper, the Ghana National Cocoa Board (Cocobod) will seek US$0.4bn in additional funding for this year’s syndicated loan.

Simpson replaced at BofAml

Simpson replaced at BofAml

Former head of global transaction services (GTS) at Bank of America Merrill Lynch (BofAml), Paul Simpson, is being replaced by Paul Donofrio.

SMBCE’s Bedi steps up as STF head

SMBCE’s Bedi steps up as STF head

Pepi Bedi has been appointed head of structured finance at SMBC Europe. He replaces Ian Williams in the position, who has left the bank.

July/August 2014

Dirty money

Dirty money

Criminals and tax evaders are using trade as a veil for their illicit activities. Finbarr Bermingham reports on the damage that’s being done, and how banks and companies need to clean up their acts.

New markets for forfaitors

New markets for forfaitors

Exporters in emerging markets are increasingly adopting forfaiting to boost their working capital so that they can export more – and reduce counterparty risks. Liz Salecka reports.

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The 2014 GTR Asia Supplement is out now!

GTR hosted its annual charity awards dinner in London on April 30. View the photos here.

GTR Leaders in Trade 2013

GTR's Export Finance Supplement is out now! 

Singapore
Singapore - September 9-11, 2014 
Switzerland
Lugano - September 16, 2014 
United States
Los Angeles - October 16, 2014 
Nigeria
Lagos - October 22-23, 2014 
Romania
Bucharest - October 30, 2014