denotes premium content | Dec 5 2008 Trade & Forfaiting Review magazine archive
Volume 5 Issue 9
Features
How can Japan avoid the fate of Carthage?
As Japanese financial institutions grapple with bad loan debts, Hiroaki Inoue, head of export finance – Tokyo, BNP Paribas, asks whether the country will ultimately endure a similar fate to the ancient Tunisian city of Carthage.
Securitisation through the eyes of a trade financier
The concept of securitisation has triggered much debate, but there has been little definition of what it is, what it is meant to achieve and for whom it is beneficial, argues Stephen Kemp, first vice-president & head of structured trade finance – Americas, KBC. All these questions must be answered before any suggestion of where securitisation is heading can be considered.
Fraud may not unravel all
A recent decision by the English Commercial Court in Standard Bank -v- Canara Bank provides guidance to trade financiers taking security by way of assignment or those affected by allegations of trade fraud. Sarah Charles, partner at Stephenson Harwood in London, who acted in the case, outlines some of the issues.
Trade finance: turning folklore into fact
It is well known within the trade finance market that trade-related obligations perform better than straight financial loans and bonds in a sovereign debt crisis. This convention has acquired the status of folklore given it fairly reflects both logic and experience. The challenge is how to turn this folklore into fact. Trevor Utting, head of research at LTP Trade Risk Management, explains.
Automating the financial supply chain
David Meynell, vice-president, global product management, trade and risk services, Deutsche Bank, offers guidance on how to achieve successful e-business within an international trade environment.
Dial ‘e’ for fraud
The success of the internet and the growth of e-commerce have seen a huge rise in levels of e-procurement and sales of e-procurement technology. As in all commercial spheres this has also heralded new and innovative types of fraud including e-procurement fraud. This article by Steven Philippsohn of law firm Philippsohn Crawfords Berwald identifies some of the latest trends and fraud typologies relating to business-to-business fraud and how companies can go about preventing and detecting them.
Legal security on the internet
Nowadays, every company wants to create part of the virtual world. But the globalisation phenomenon means that every modern enterprise must worry about two important issues: internationalisation and e-commerce. The majority of administrators, however, construct an attractive website according to their necessities and put it on the internet without previous legal analysis, observes Luis Ventura, a Brazilian legal attorney. Consequently, they expose their companies to the possibility of expensive and stressing legal sues.
Regulars
Recommended Reading: The Handbook of Country Risk 2002-2003
The Handbook of Country Risk is an invaluable source for any company or organisation engaged in international trade. It provides up-to-date analysis of the risks involved in trading in over 140 countries, giving each one a unique risk rating.
