Author: Gabrielle Vilda

Gabrielle Ann Vilda previously worked as part of the editorial team at Trade Finance Global.

ARRC provides market participants with an essential LIBOR transition tool by formally recommending Term SOFR

[box] The Alternative Reference Rates Committee (ARRC) is now formally recommending CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates (SOFR Term Rates), following the completion of a key change in interdealer trading conventions on July 26, 2021. This is a significant stepping stone in the transition away from U.S. dollar LIBOR as well… Continue reading ARRC provides market participants with an essential LIBOR transition tool by formally recommending Term SOFR

Czarnikow announces first syndicated Borrowing Base Facility

Czarnikow Group Limited (CZ) announces its first syndicated Borrowing Base Facility to start this month which launched at US$50 million and closed oversubscribed at US$80 million. This facility was arranged by CZ’s long-standing partner banks Coöperatieve Rabobank U.A as Coordinator, Documentation Agent and Mandated Lead Arranger, and Natixis as Facility Agent, Security Agent and Mandated… Continue reading Czarnikow announces first syndicated Borrowing Base Facility

New trade report indicates UK should reject ‘green protectionism’ and focus on free markets to address climate change

A new report published on the 21st of July highlights how free and fair trade can support and accelerate the global low carbon transition and calls on the UK to challenge green protectionism. Another report by the Board of Trade – Green Trade – shows how free markets are critical to tackling climate change by… Continue reading New trade report indicates UK should reject ‘green protectionism’ and focus on free markets to address climate change

Gunvor secures USD 872.5 million off balance sheet instrument facility

Gunvor Group has announced the successful signing and increase of its $872.5 million off balance sheet instrument (OBSI) facility. After receiving a substantial over-subscription of 45%, and high levels of support from its existing banking partners, the facility was signed in favour of Gunvor’s wider network of subsidiaries in markets such as Germany, the Netherlands,… Continue reading Gunvor secures USD 872.5 million off balance sheet instrument facility

BCEAO, AFREXIMBANK and FCI announce joint webinars on factoring and receivables finance in Africa

The Central Bank of West African States (BCEAO), the West African Center for Training and Banking Studies (COFEB), AFREXIMBANK and FCI, announce a series of three international webinars on “Factoring and Receivables Finance ”, taking place on the 13th, 14th, and 15th of July of 2021. These webinars aim to build the capacity of actors… Continue reading BCEAO, AFREXIMBANK and FCI announce joint webinars on factoring and receivables finance in Africa

Eksfin: new Norwegian export credit agency

Export Finance Norway, the result of a merger between former government agencies GIEK and Export Credit Norway, officially opened its doors fully on the 1st July 2021. The merger of the two predecessor agencies forms part of a larger redesign by the Ministry of Trade, Industry and Fisheries of the government apparatus around export promotion… Continue reading Eksfin: new Norwegian export credit agency

Republic of Ghana’s initiative to expand rail network infrastructure financed by Deutsche Bank and Investec

Multilateral agreement between Deutsche Bank and Investec in partnership with Swedish Export Credit Agency (EKN), Swedish Export Credit Corporation (SEK) and Export Credit Insurance Corporation of South Africa (ECIC) announced today. The partnership will finance the construction of a 100km stretch of Ghana’s Western Railway Line, running from Takoradi Port to Huni Valley. The project… Continue reading Republic of Ghana’s initiative to expand rail network infrastructure financed by Deutsche Bank and Investec

Britain launches negotiations with £9 trillion Pacific free trade area

Joining CPTPP would hitch Britain to some of the world’s biggest current and future economies, populated by half a billion people and with a joint GDP of £9 trillion in 2019 A deal would open new markets for our services industries, lower tariffs on goods like cars and whisky, and create new opportunities for UK… Continue reading Britain launches negotiations with £9 trillion Pacific free trade area

Graduates of BAFT’s 2021 Future Leaders Program announced

The Class of 2021, comprised of 36 individuals from 26 countries, were recognized today during BAFT’s 2021 Virtual Global Annual Meeting.WASHINGTON – BAFT, the leading global financial services association for international transaction banking, today announced the graduates of its Future Leaders Program class of 2021. The program – now completing its sixth year – recognizes… Continue reading Graduates of BAFT’s 2021 Future Leaders Program announced

ARRC Releases Update on its RFP Process for Selecting a Forward-Looking SOFR Term Rate Administrator

The Alternative Reference Rates Committee (ARRC) announced it selected CME Group as the administrator that it plans to recommend for a forward-looking Secured Overnight Financing Rate (SOFR) term rate, once market indicators for the term rate are met.    “The identification of CME Group as the strongest proposal to administer SOFR term rates leaves one final step in this… Continue reading ARRC Releases Update on its RFP Process for Selecting a Forward-Looking SOFR Term Rate Administrator

UK prepares to launch new trade deal negotiations with Canada and Mexico

The UK is to begin negotiations for upgraded trade deals with Canada and Mexico this year focused on creating even greater opportunities for UK businesses in industries of the future such as digital, data and services. A call for input will ask for views from the public, businesses and other stakeholders on what the UK’s… Continue reading UK prepares to launch new trade deal negotiations with Canada and Mexico

TFG Partners with TXF for Global Commodity Finance and Global Trade Virtual 2021

Trade Finance Global (TFG) is excited to announce that we have partnered with Trade and Export Finance (TXF) for two of their upcoming 2021 flagship conferences

Exit mobile version