denotes premium content | Jan 7 2009 Trade & Forfaiting Review magazine archive
Volume 5 Issue 7
Features
CAPITAL ALLOCATION - Trade finance: Lower risk or just wishful thinking?
Global Business Intelligence has conducted research, interviewing 10 of the largest trade banks, to understand capital treatment. David Gustin is the Managing Partner of Global Business Intelligence, which conducts research primarily in the international banking and trade areas, and reveals the results.
COUNTRY FOCUS: KAZAKHSTAN - High in the CIS
Ben Dobson from Deutsche Bank AG London’s global trade finance department is responsible for funded trade-related loans in the CIS and Eastern Europe. Here, he describes how popular Kazakhstan has become in recent months for investors. It has attracted the highest ratings in the CIS and promises to continue its bull run.
DEAL ANALYSIS: ANTAI HOLDING, CHINA - Noble structures and private progress
Chinese private industrial group Antai Holding has borrowed recently from RZB and newcomer to the arranging scene, Noble Trade Finance. Not only does the deal put Noble, RZB and Antai in the spotlight, but it also shows how a private finance deal in China can work. Dennis Chong explains further.
FORFAITING MARKETS - This is IT: A complete forfaiting solution?
WestLB’s forfaiting department has released details of what it calls “a global IT solution for a global business”. FORTRIS, as Stephen Boys, Director of WestLB Systems and David Easton, consultant, explain, is the result of years of analysis and experience of the forfaiting markets, creating a ‘complete’ service offering for forfaiters.
LEGAL ISSUES - Entering the digital age with eUCP
On April 1, 2002 the new eUCP came into force. The new eUCP rules encourage banks and international traders to replace physical presentation of paper documentary credits with electronic presentation. John Worthy, Partner and Head of E-commerce, and Charles Morrison, Partner, Trade Finance, at Denton Wilde Sapte, explore the new e-UCP and the prospects for global electronic trade finance.
RUSSIA - MARKET PROSPECTS: A maturing market
Georg Feldscher, Head of Syndications/Asset Sales at RZB-Austria, looks back at Russia’s fortunes following the 1998 crisis and how the market has picked up since then with some notable deals attracting attention.
TRADE FINANCE INDEX: Great returns, then a dip
The LTP Trade Finance Index from LTP Risk Management gives its February and March updates. The Index witnessed the best monthly return since September and the best capital return since October during February but then took a dive in March.
CONFERENCE REPORT: SUB-SAHARAN AFRICAN TRADE - Willing lenders; reluctant borrowers
The biggest and best event on Sub-Saharan African trade for years took place in London at the end of March. Great speakers, brilliant networking, endless questions and discussion - but where were the corporates? Too taken up with other regions that incur far less risk? Rupert Sayer reports on the two-day Africa-fest.
COUNTRY FOCUS: CHINA - Good for China, good for trade
Holger Kebernik, Associate Director and Head of Forfaiting, Greater China, at WestLB in Shanghai, continues his analysis of China's entry into the WTO. In Volume 5, Issue 4, he looked at how Chinese banks have been preparing themselves for the event. In this issue he considers the wider economic implications of China's accession to the WTO domestically.
