As trade tensions grow between the US and its northern neighbour, Export Development Canada is exploring new ways to help domestic business.| Global Trade Review (GTR)
Indian financial institutions are seeking better capital treatment of trade credit insurance as part of the country’s review of trade finance. The country’s domestic banks are discouraged from offering financing products such as domestic and cross-border factoring because they do not benefit from reduced capital requirements when they use credit insurance, unlike lenders in ...| Global Trade Review (GTR)
Aon has incorporated its UK surety team into its global credit solutions practice, the latest in a series of moves to encourage convergence across historically distinct products in response to shifting client needs. The announcement follows last year’s integration of Aon’s political risk and structured credit team within its global credit solutions practice, part of ...| Global Trade Review (GTR)
Aon has made three senior appointments – two external and one internal – to newly created roles within its credit solutions division.| Global Trade Review (GTR)
Dhaman has agreed to cover US$100mn in credit facilities provided to Trafigura by SMBC and Standard Chartered.| Global Trade Review (GTR)
The former director of a now-collapsed Singaporean fuel trading firm has successfully overturned a court ruling that had previously found him “asleep at the wheel” and liable for trade finance fraud losses worth nearly US$150mn. Last year, the Singapore High Court ruled that Goh Jin Hian, a former executive of Inter-Pacific Petroleum (IPP) and the ...| Global Trade Review (GTR)
Analysis: China plus one destinations among riskiest for sourcing| Global Trade Review (GTR)
The World Bank has agreed to guarantee funding to Banco do Brasil, enabling the bank to offer up to US$700mn in trade finance to MSMEs. The Multilateral Investment Guarantee Agency (Miga), an arm of the World Bank, will provide a 95% guarantee on a three-year loan provided to Banco do Brasil by BBVA and ...| Global Trade Review (GTR)
Trade credit insurer Bond and Credit Company (BCC) denies it should pay out €18mn to a commodity trader for unpaid debts following the collapses of traders Rhodium and Longview, in a sprawling case that has also dragged in broker Marsh. Singapore-headquartered trader Triumph Global filed a lawsuit against BCC last year attempting to recover funds ...| Global Trade Review (GTR)
Unlike in many areas of financial services, trade finance does not have robust and widely available market data on pricing that can be useful for both banks and corporates. But is that about to change? In this Industry Perspective, Joshua Kroeker, chief product officer of trade finance platform Mitigram, explains how the company is collating ...| Global Trade Review (GTR)
The high costs of offering global trade finance may cause some large lenders to scale back and open the way for more specialised and regional lending, JP Morgan’s Natasha Condon has said. “Being a big international trade bank is really expensive. It’s getting more expensive every year, and that means there are going to be ...| Global Trade Review (GTR)
Italy’s export credit agency Sace has agreed to cover a commercial bank loan worth US$600mn for food and beverage giant San Miguel, the latest deal signed under its booming untied programme. The facility, signed on March 27, is being financed by SMBC and backstopped with a guarantee from Sace. Sace is providing support under its ...| Global Trade Review (GTR)