GTR Trade Finance eNews - Article May 2010
Qatar: Back on track
In the wake of the Dubai debt crisis, attention has shifted back to Qatar, writes Nicholas Noe.
Getting the Rmb show on the road
The renminbi has not had an easy time in recent months, with China’s ongoing and occasionally fierce debate with the US on the currency’s value, but many countries in Asia are being shown how to embrace Rmb trade settlement with help from Standard Chartered’s international roadshow, writes Michael Turner.
Asia opts for converged solutions
Large, multinational Asian corporates are seeking out converged trade and cash management solutions to better manage their liquidity and keep their costs low. Liz Salecka examines which banks are meeting these new demands.
Trade & project boom expands financing windows
Trade and export financiers are manoeuvring to catch the infrastructure and commodity wave driving the Indian economy, writes Kevin Godier.
CEE/CIS Report: Which way next?
Deal pipelines for trade finance and structured commodity finance look strong in Eastern Europe, but whether or not this is a long-term trend rests on the appeal of the bond markets. Rebecca Spong reports.
FBN Bank UK finds its feet
Just after a year since FBN Bank UK set up its structured trade finance team, the bank is already primed to take on the big players in the Sub-Saharan Africa market. GTR catches up with head of STCF John Vowell and the rest of his team.
Where there is oil...
The financing of oil still dominates the Nigerian market. But following a shake-up of the banking system and the overhaul of the government, the landscape for doing business in the country is about to change, writes Rebecca Spong.
Good reception for commodity exchanges
Commodity exchanges and warehouse receipt programmes are being set up across East Africa, making the agri-commodities a more attractive sector to finance. Nick Wadhams reports.
Credit Committees Roundtable: KEEP OUT!
Credit committees are still turning down viable trade deals due to a lack of understanding of trade finance and poor risk modelling. GTR talks to those market players prepared to speak out.
ICC reveals new rules for demand guarantees
The ICC has issued a revised version of the Uniform Rules for Demand Guarantees (URDG), designed to become the international standard for demand guarantee practice. Shannon Manders speaks to Roger Carouge, director of Deutsche Bank’s trade finance team and member of the ICC’s drafting group responsible for the conception of the new rules.
Legal Review: Pens at the ready
With a host of restructurings taking place last year, law firms were never without work. But there are signs that the era of refinancing and workouts is now over. Helen Castell reports.
Best law firms revealed
Denton Wilde Sapte has once again won the accolade of Best Law Firm in Trade Finance in GTR’s annual poll.
Sovereign downgrades send shivers through market
Concerns over the impact of Spain’s downgrade in late April on the fragile financial recovery are spreading into trade finance markets.
FMO backs African trade flows
Dutch development bank FMO marked the relaunch of its African unfunded trade finance programme with an official signing ceremony at Exporta’s annual Africa Trade & Export Finance Conference in Cape Town in early March.
Syndication conference rallies TF counterparts
Some of the most prominent players in trade finance syndications gathered in Arosa, Switzerland from March 10-12 to attend Credit Suisse’s eighth trade finance syndications meeting. GTR attended as the first – and only – media partner to be invited to the annual event.
GTFP meeting heralds change in market conditions
The IFC has hosted its third annual GTFP (Global Trade Finance Programme) bank partners meeting. The focus of the event – held in Istanbul – was on helping partners better use existing IFC programmes and updating delegates on how the trade schemes are being expanded. Shannon Manders reports.
Diving back in
With a number of deals coming onto the commodity finance markets, will an overly cautious attitude prevent bankers from snapping up the most lucrative opportunities? GTR brings together bankers and traders to discuss.
