denotes premium content | Jan 6 2009 Trade & Forfaiting Review magazine archive
Volume 5 Issue 8
Features
A view from each side of the Atlantic
Nicholas Budd is a Partner in the law firm of Denton Wilde Sapte and acts for experienced commodity financing banks located in both New York City and in Europe. We have asked him to compare and contrast the differences in credit analysis, choice of customer and structuring techniques in Latin American commodity finance transactions.
Ensuring security over goods
ACE (Audit Control and Expertise) is a leading agency in field warehouse receipt loans for commercial banks, based in Geneva. It has worked primarily with commercial banks and insurance companies. Here, Andre Soumah, Executive Chairman of ACE, talks about credit standards and operating techniques in field warehouse receipt financing.
Opportunity in the face of crisis
Recent economic and political events have obviously had an impact on risk profiles in Latin America. But such challenges also present an opportunity to look beyond traditional financing methods and develop creative approaches to doing business in the region. New technology-driven trade solutions can drive efficiency gains and cost savings, while enabling deeper integration with supply chain members. In turn, this can help importers and exporters to strengthen relationships with intra-regional and global trading partners, resulting in greater competitive advantage. Craig Weeks, Senior Vice-President, Head of Latin American Cash Management and Western Hemisphere Trade Sales at JP Morgan and Bruce Proctor, Vice President and Head of Product Management, Global Trade Services, explain.
Stand by your trader
Why do banks find it so difficult to lend money to trading houses? Howard Palmer, founding director of tradefinanceguru.com and previously Head of Trade and Lending at RZB, gives his take on the situation.
The crisis: a possible partial solution
Argentina’s sudden fall from grace was perhaps unsurprising, but has still taken its toll on many in the trade finance market. Saturnino Lucio, Partner at Miami law firm Lucio, Bronstein, Garbett, Stiphany & Allen, takes a comprehensive look at the background to the ‘mess’ that now exists.
