denotes premium content | Jan 9 2009 Trade & Forfaiting Review magazine archive
Volume 10 Issue 2
Foreword
With the submission deadline for the best deals of 2006 upon us, Trade & Forfaiting Review is keen to hear your suggestions for which transactions deserve an award.
As a guide, nominations should list:
- -The type and size of facility;
- How the deal is structured;
- The purpose of the loan;
- The name of the borrower, mandated lead arrangers and other participants;
- Legal advisers on the deal;
- Tenor and payment schedules;
- Margin and fees;
- The date of signing;
- Background to the transaction;
- And what sets it apart.
Please send your entries to mmartensen@ark-group.com and we’ll announce the winners in the February 2007 issue of TFR.
In the meantime, we hope you enjoy this issue. And, as always, if you are interested in writing for an upcoming edition of TFR or would like us to cover a particular topic, please let us know.
Features
Irrevocable payment undertakings in oil financings
Richard Gwynne, a partner at law firm Stephenson Harwood, examines irrevocable payment undertakings and their place in oil finance transactions following two recent court rulings that upheld their independence.
Mind the gap
Managing the open account finance divide. By Jonathan Heuser, JPMorgan Chase, Global Trade Services, New York.
Who owns the ownership structure now?
Ownership structures, such as commodity repos and cash-and-carry products, have been an important part of inventory financing strategies. That is not going to change. But what is changing is the players, writes Erika Morphy.
New horizons
The concept of using a lease structure to finance ship or aircraft development is hardly new. What is constantly evolving, though, are the various tax regimes that either facilitate or stop cold these vehicles. Amanda Greene reports.
Weathering the storm
Sponsored statement by Hussein Al-Uzri, Chairman of the Trade Bank of Iraq
In it for the long haul…
Well aware of the challenges in Iraq today, some banks are cautiously optimistic about the country’s longer-term prospects. Amanda Greene reports.
Beyond structured finance
The need for structured finance in Southeast Asia is diminishing thanks to ever-growing levels of liquidity in the region. As a result bankers are moving downstream to target smaller-sized companies that are offering growing opportunities. Erika Morphy reports.
Regulars
Credit insurers and banks learn to work together
Rodney Ballard, head of global trade services at Natexis Banques Populaire’s London branch discusses the synergies possible between formerly competing trade risk mitigation offerings.
60-second interview
HSH Nordbank’s David Lopez Menendez, senior vice president and head of commodity finance in New York.
Turning the tables on trade finance
The boom in commodities over the past two years has drained equity from manufacturers and processors in developed markets and placed it in the hands of their emerging market suppliers. Kris Van Broekhoven, director of structured commodity trade finance at Deutsche Bank in London, explains how this is turning trade and commodity finance on its head.
Letter from Hong Kong
Sometimes lenders are quite keen to do a deal so you’d think it would be easy to close it and get the arrangement fee. Well, not so, writes David Sullivan. The classic one is where your client is talking to banks too, even though your mandate is exclusive...
