denotes premium content | Jan 7 2009 Trade & Forfaiting Review magazine archive
Volume 4 Issue 3
Features
COMMODITY FINANCE: More glitter than gold?
Much has been said and written about the impact of e-commerce on the commodities business. Here, D Paul Schuilwerve, General Manager of the Global Commodities Group of Fortis Bank in Singapore, looks at the metls business in particular - at the rapid evolution of this market and the impact on producers, traders, end consumers and bankers.
COUNTRY FOCUS: Cote D'Ivoire: declining stability
Matthew Bunce, Research Analyst with Control Risks Group, reports.
Cover & Payments Table: Latin America & Caribbean
ECA and private insurance cover for the region, plus other economic and social data.
FORFAITING MARKETS: Market practice uncut
When forfaiting market participants met at Telfs-Buchen in Austria in September, market practice was high on the agenda. Members of the International Forfaiting Association (IFA) were put into groups to debate what areas of best practice could be agreed upon. The conclusions of those workshops, as reported to all members afterwards, are set out below.
Forfaiting Rates
Indicative disount to yield rates (%) supplied by Standard Bank of London.
NEW PLAYERS: No fuel for the Ferraris?
Looking at the past year in the world of trade finance one can notice a few trends. Electronic online systems seem to be the leading lights of the moment, although whether they are fulfilling their chosen goals or not is under question at this stage. Also, there have been casualties worth mentioning. Rupert Sayer assesses the field.
RISK MANAGEMENT: Quantum leap
Abhijit Banerjee, Principal Consultant, Structured Finance Corporate & Investment Banking at KPMG Consulting in London gives an extensive look into the quantification of risk in specialised finance business. He gives two live deal examples and shows the need for quantitative risk models to satisfy the new BIS capital adequacy directive (CAD-III 1999). Banerjee is undertaking KPMG projects for banks in the UK and Netherlands to build these risk models for trade finance.
