There’s been a boom in political risk and trade credit insurance in recent years, with plenty of new entrants in the space. This has driven down premiums, but far from diluting the product offering, increased competition has also led to innovative new products, writes Marcus Alcock.
Ukrainian agribusiness firm Kernel has agreed a $200 million pre-export credit facility with a syndicate of European banks.
Once heralded as the future of digital trade finance transactions, the Bank Payment Obligation (BPO) is now viewed with increasing scepticism. Has its time come and gone, or is there life in the BPO yet?
|Rank||Company||Total US$ m||Transactions||Market Share (%)|
|2||China Exim Bank||9,936.33||29||3.25|
|5||JPMorgan Chase & Co||9,462.38||48||3.10|
|7||Mitsubishi UFJ Financial Group||8,269.60||79||2.71|