Latest Analysis

All pain – no gain

US/EU sanctions against Russia have been a disaster for the international export credit business and European trade flow. Is it time for a rethink?

CBG - no tie necessary

A combination of DFI loans and a rare untied ECA loan has enabled banks to push the limits on tenor for CBG’s Sangaredi mine expansion in Guinea

Free Making the case for emerging markets

The incentives for exporters to target emerging markets are clear. What is not clear is where to access the resources and the funding required to do so. Emma Clark, Head of Business Development, UK and Europe, Falcon Group, discusses how the solution for exporters lies in ECAs, banks and specialist financiers collaborating across the ‘new’ financial landscape

Non-stop flight to capital

With Basel IV looming in the background, growth in capital markets financing for new aircraft deliveries is taking on new urgency. And the capital markets are delivering.

Secure enough to go unsecured

Norilsk has pulled off two post-sanctions market firsts – international unsecured and European ECA-backed loans. Is this the beginning of a return to pre-sanctions international lender appetite?

Sink funds – German-style

How did the conservative German bank market get shipping loan risk so wrong and why did so many banks not address the toxic loan problem until it became a crisis? Because no-one wanted to see it.

More regs – more costs

The Federal Reserve Board has proposed new rules for banks in the physical commodities market - and stricter reporting requirements. By Richard Wilkes, Associate, Norton Rose Fulbright.

Credit where it’s due

With GCC government budgets pressured for the first time, the project market should be lender driven. Not so - borrowers are holding their own despite sovereign downgrades.

A Sirius business

After four years negotiating planning permission, equity and debt financings for AIM-listed polyhalite developer Sirius Minerals are finally underway.

Bancomext aims to diversify

Bancomext CEO, Alejandro Diaz de Leon talks to Trade Finance about the bank’s objectives and Mexico’s export potential.

Progressing at pace: trade digitisation moves forward

Bank’s traditional trade finance businesses face potentially disruptive threats, as the demand for digital instruments that can take over from archaic paper documentation is becoming more apparent than ever. Blockchain and the BPO remain vital in this progression, but their value and deployments still need to be recognised further, in addition to a fully integrated trade finance platform that is a

The use of Renminbi in trade finance

Despite China’s continued economic slowdown, the internationalisation of its currency, the Renminbi (RMB), continues to make good progress: over 1,800 financial institutions are now using the RMB for payments with China and Hong Kong.

Trade’s digital future: let battle commence

While it’s undeniable that the ability to share information on open digital platforms will make it both faster and cheaper to trade goods around the world, some in the trade finance value chain still insist on hard copy documentation – because that’s what they know and therefore trust. But, with the amount of Fintech companies on the rise, can banks afford to miss out on the digital transition?

Trade-based money laundering – time for a re-think

When examining the possible approaches to mitigating trade-based money laundering (TBML) risks, the ability of banks to identify and control TBML is often overstated, and the understanding of trade-based money laundering versus documentary trade finance is often lost. It is time for a re-think.

Closing the trade finance gap

As many as 61% of the respondents to the International Chamber of Commerce (ICC) 2016 Global Survey on Trade Finance reported a global shortage of trade finance, while over 90% cited the complexity of compliance requirements as a chief barrier to its provision. ICC Banking Commission examines the measures that can be taken to close the trade finance gap and address unmet demand.

BPO: will slow and steady win the race?

Following the news that UniCredit and Commerzbank had completed the UK’s first live bank payment obligation (BPO) transaction, Trade Finance caught up with the banks to discuss the BPO’s progress since its implementation in 2014.

Free Collaboration or competition?

Barclays and Wave claim to have closed the first letter of credit via blockchain. The new technology is now a reality and the pace of progress appears to be picking up. But will the hyped benefits – cost, speed and increased volume of trade finance transactions – be the driving force or will a race for technological market share hinder development?

Living without ECA-backed funding

The aviation market is in an unprecedented situation, with both the major aircraft manufacturers facing a shutdown in government export credit financing, Laura Mueller and Olivier Bonnassies, managing directors of Euromoney’s Airfinance Journal, report.

Hochberg concerned about US Ex-Im future

Fred Hochberg, chairman and president of US Ex-Im, discusses the export credit agency’s current status and opportunities for future growth.

Cocobod seeks bridge financing after PXF facility runs out

Ghana’s Cocobod needs $400 million in bridge financing to fund operations for the rest of the cocoa season, according to reports.

Côte d’Ivoire joins African Trade Insurance Agency

Côte d’Ivoire has joined the African Trade Insurance Agency (ATI), according to an announcement by the multilateral investment insurer.