Sector - Hedging, Derivatives & Securitisation

Finacity and NordLB boost receivables securitisation

Finacity and NordLB have again increased the Alliance One International trade receivables securitisation, this time from US$100mn to US$125mn.

China Power closes offshore bond first

China Power International Development has successfully closed its first renminbi-denominated corporate offshore bond through Standard Chartered.

Citi launches multi-bank trade initiative

Citi has launched a new global trade initiative aimed at helping trade banks more efficiently grow their trade portfolios.
 

Finacity Corporation hires Leonard

Finacity Corporation has hired ex-Rosemount trade financier Jim Leonard.

First Capital renews senior secured facility

Financial services provider, First Capital, has renewed a US$175mn senior secured facility with DZ Bank.

 

StanChart and PGGM sign trade finance risk sharing deal

Standard Chartered and the Dutch asset manager PGGM have arranged a new US$2.5bn innovative risk sharing agreement involving trade finance assets.

Credit crunch proves to be SCF catalyst

Is the credit crunch turning out to be a major catalyst for the adoption of Supply Chain Finance (SCF)? There were earlier concerns that it could do the opposite. But recent findings by some SCF providers certainly suggest that scarcer credit is making users think harder about alternative funding methods. Justin Pugsley finds out.

Trade finance funds seek new deals

A short while ago the handful of active trade finance funds were a novelty. Fast forward five years: their numbers have reached double digits - and they are underwriting deals that banks will not or cannot, writes Erika Morphy.

Nara Capital in Geneva is among the small but growing cadre of investors that are seeking exposure to trade finance paper and transactions via a fund. A fund of funds itself, in theory Nara's approach to the market is by definition much wider that those funds that are originating loans or trading paper on the secondary market: in short its investment guidelines allow it to buy anywhere along the spectrum of trade finance transactions, from working capital to pre-export finance to structured finance to purchase order financing.

Finacity closes trade receivables securitisation for Mexican firm

Finacity Corporation has closed and funded an enhanced trade receivables securitization for Papel, Cartón y Derivados (PCD), a private paperboard and containerboard manufacturer based in Mexico.

White & Case moves two to Moscow

Law firm White & Case has added two partners to join its office in Moscow.

The Americas: Brazilian IPOs

Behind every IPO there is an aggressive growth plan, for which trade finance is central, one Brazilian agribusiness executive

Best Deals of 2007: Sealane, Asia Pacific

Alternative Financing: Funds prove resilient

The global credit squeeze has affected banks and fund managers differently, especially in Asia, argue Christian Stauffer from Eurofin Asia and Esfandiar Sorouchyari from Pensofinance.

Deal Analysis: Synthetic loans win over investors

Standard Chartered has closed its first synthetic securitisation of trade finance loans. Known as Sealane, the transaction has proved resilient despite turbulence in the Asian structured trade finance market. Rebecca Spong examines the deal.

Interview - Kamel Alzarka, Chairman, Falcon Trade Corporation

GTR talks to Kamel Alzarka, chairman of trade services provider Falcon Trade Corporation, about the vision and motivations behind the company's dynamic ascent.