denotes premium content | Jan 7 2009 Trade & Forfaiting Review magazine archive
Volume 3 Issue 9
Features
ASSET- BASED LENDING: Anything's possible - within reason!
André Soumah, executive chairman at ACE - Audit Control and Expertise in Geneva, explains why he thinks structured commodity finance is now possible in emerging markets - using good credit analysis and collateral management. But watch out for fraud.
COMMODITY FINANCE: Enhancing the cocoa trade
The Common Fund for Commodities is backing a project that will provide small cocoa growers with access to price risk management tools. This is part of a wider initiative that aims to encourage the cultivation and trade in cocoa in emerging markets, as Namakando Wina reports.
CONFERENCE UPDATE: American crusade
Furthering the word of forfaiting in North America has been a sometimes frustrating and trying experience, but the message is getting across. This is not least due to the likes of WestLB, who held a one-day event in Washington DC on April 11 to coincide with the US Export-Import Bank annual general meeting in the Hilton Washington & Towers. The seminar, Winning at Exporting: Forfaiting, a Financing Alternative, was one of several planned this year with Trade & Forfaiting Review to explain the potential of forfaiting for export financiers.
COUNTRY BRIEFING: HUNGARY - Changing customs
Recent amendments to Hungarian customs legislation have altered the requirements of ‘reliability for customs purposes’ and have affected warehousing in a customs bonded warehouse. Zita Orbán, associate at Baker & McKenzie in Budapest explains further.
COVER & PAYMENTS TABLE: Asia Pacific
ECA and private insurance cover for the region, plus other economic and social data.
COVER STORY: Time for another crisis?
They are never satisfied, those trade financiers! First they moan about the hangover effects from the emerging market crises that have loitered about for the past couple of years, now they say that most markets are too safe, returns are therefore too small, and they could do with another crisis. Rupert Sayer talks to a few unsatisfied customers.
EXPORT CREDIT AGENCIES: Ex-Im in the 21st century: a new approach?
The following is an extract from a speech made by A Ian Gillespie, president and CEO of Canada’s export credit agency, EDC. The speech was given in Washington DC in April at the annual general meeting of US Ex-Im Bank
Forfaiting Rates 3.9
Indicative discount to yield rates (%) supplied by Standard Bank London.
LEGAL ISSUES: Read the small print!
Sunil Gadhia, a partner at Stephenson Harwood in London, and Paul Thwaite, senior solicitor, look at the implications of a recent decision by the English Court of Appeal on the meaning of a termination clause in an export credit guarantee insurance policy. The case emphasises the dire consequences for insureds in failing to comply strictly with the terms of an insurance policy.
RECRUITMENT: Just can't find the staff?
The electronic age is here and everyone is staffing up their businesses with the relevant qualified people. But talking to banks, recruitment firms and exporters, it seems clear that there are problems being experienced in finding good staff with not only the business-to-business e-commerce skills, but also those that appreciate and understand trade finance and business flows. Rupert Sayer looks into the problem.
TRADE LOGISTICS: Swedish logic
A name change and expansion at home and abroad is setting Swedish electronic trade logistics firm LSXS up for a lot of business. Rupert Sayer describes why.
YOUR SAY: Cambodia - ready to emerge?
It is always good to visit somewhere new, whether for business or pleasure and for many of us it is a joy to combine both.
