the complete information service for the global trade, commodity and
Transcription
the complete information service for the global trade, commodity and
Publishing & Events Ltd T H E C O M P L E T E I N F O R M AT I O N S E R V I C E F O R T H E G L O B A L T R A D E , C O M M O D I T Y A N D E X P O R T F I N A N C E I N D U S T R Y “As a market leader in trade finance and trade services, we need to stay updated and informed about trends and issues facing us every day in our business. Exporta/GTR and its email news service gives us that crucial informed edge - for trend articles, deals news, people moves, data, and opinion pieces. GTR is clearly top of the tree for trade and export finance information.” Paul Simpson, Senior Vice-President, Treasury Services Business Executive, JPMorgan Chase Publishing & Events Ltd Exporta Publishing complete & information Events Ltd provides service for the a global trade, commodity and export finance and risk community – GTR-Global news annual and Peter Gubbins Co-Founder & Director Rupert Sayer Co-Founder & Director Rebecca Morrison Associate Director through Trade our email service GTR Directory, specialised bi-monthly Review, trade via GTR and finance journal our regular eNews, with our focused conferences and workshops each year. Exporta approaches the trade finance market from an objective and fresh perspective. We are an independent publishing house that understands the needs and issues facing trade financiers and practitioners in our market – the corporates, bankers, traders, lawyers, insurers, brokers and others. Our experience and contact base within the international trade finance market is unrivalled. We believe that focus and experience are the keys for delivering quality events and publications. The independent voice The independent voice Global Trade Review Global Trade Review www.gtreview.com Vol 5/Issue 2 November/December 2006 www.gtreview.com Vol 2/Issue 4 March/April 2004 Going solo The joys and trials of starting your own trade business Avoid fraud with collateral management Real emerging market business: Standard Bank in Afghanistan Is there a skills gap in trade finance? Insurers talk political and trade credit risk IFC and EBRD both target Mongolia Mexico feels the pressure from China GTC’s multi-bank solution appeals to HVB Libya attracts the financiers and traders Intrigue and excitement in the world of oil Tough times for Mexico and Central America GTR-Global Trade Review is the world’s leading international trade finance magazine, read by and featuring the market’s key banks, insurers, corporates, traders, law firms, brokers and consultants. GTR provides timely and in-depth news, leads and analysis on global emerging markets trade, commodity and export finance and risk. Published six times a year, and with an editorial board that reads like a ‘who’s who’ of leading trade financiers, GTR publishes international trade finance news, views, features, case studies and data that will give you the edge for business leads and risk mitigation. This is supplemented by our regular news email service, GTR eNews, the GTR Directory, and by focused conferences and events around the world. Business areas covered in GTR include: Approximate geographical breakdown Trade finance Export finance Commodity finance Supply chain finance Infrastructure finance Documentary issues Credit insurance & surety Project finance Political & trade credit risk Structured trade finance Europe Asia Pacific North America Middle East & North Africa UK Latin America Syndicated finance Forfaiting & factoring Approximate readership breakdown Trade services E-commerce Pre-export finance Post shipment Warehouse receipts & security over goods Legal & regulatory issues Securitisation & hedging Emerging markets risk & debt Circulation Some 3,500 copies are circulated bi-monthly with a readership approaching 15,000 based on pass-on distribution within organisations Corporates Financial institutions Others Contact Contact editorial@exportagroup.com for more details www.gtreview.com | www.exportagroup.com | © Exporta Group 2007 A must read for everybody in the trade finance world. GTR GTR gives an excellent survey of recent trade finance allows us to keep up-to-date with relevant transactions, market transactions and provides comprehensive information on the conditions and industry news. development of trade finance in all continents, including EBRD Alberto Conde, Head, Global Trade Finance, Banco Bilbao countries of operation in Eastern Europe and the CIS. Vizcaya Argentaria (BBVA) Rudolf Putz, Head, EBRD Trade Facilitation Programme (TFP) To remain informed of worldwide developments in the trade credit insurance and finance business, GTR is essential. Its I really find GTR exceptionally valuable because it covers extensive coverage of relevant issues, companies and people the whole range of trade finance issues in great depth and makes it the leading publication in our industry. also does an excellent job of dealing with the really important Rob Nijhout, Executive Director, International Credit aspects of project financing in today’s market. Insurance & Surety Association (ICISA) Terry Newendorp, Chairman and CEO, Taylor-DeJongh Global Trade Review-GTR is a first class magazine about trade GTR is critical to my practice and, I would advise, my clients’ finance – it must be on the desk of every serious trade finance business. To paraphrase Shaw, lawyers and bankers are two professional. professions separated by a common language. By addressing Pavel Andrle, Secretary to the Banking Commission for both business and legal developments affecting the trade ICC Czech Republic, Member of UCP Revision Consulting finance communities, GTR ensures that my clients and I begin Group a conversation with a shared understanding of challenges. From my perspective, it is the only publication that meets this need. The issues addressed are timely and the writing concise GTR provides the clearest analysis of a difficult topic. Richard Systems Hill, Vice-President, Export Finance, BAE and cogent. Michael Sullivan, Partner, Sullivan & Worcester LLP ADVERTISING BANNERS ON w w w. g t r e v i e w. c o m ADVERTISING IN GLOBAL TRADE REVIEW Insurance & Guarantees Political Risk Insurance and political risks. From our a standard form of cover terrorism and subsequently do Iraq and Lebanon, but experience we can confirm actively sought by clients,” political violence products,” there are risk issues, not least that transactions are getting Oades adds. he observes. Before this, that reinsurers won’t cover done.” In the US market, companies property underwriters war on land, which generates At Zurich, are looking typically provided terrorism country aggregate concerns” “it’s our more keenly cover. Afterwards, however, says an underwriter. biggest at equity terrorism was excluded as a “Also, if an underwriter has year yet insurance, standard, and the PRI market a US$10mn line available, – we have according to began to write the cover. and a choice between Iraq seen higher Evan Freely, One of the London market’s and a mushroom farm in levels of New York- most experienced political California, he might only write submissions, based senior risk brokers, Charles Berry, US$500,000 for Iraq,” he transactions vice-president chairman of the BPL Global suggests. and closings, at Willis brokerage, takes up the story. Middle East conflicts have in all our Financial “It became obvious to us that “prompted underwriters products,” Solutions. the insurance market’s T3 to scale back on contract underlines “Denial of standard terrorism insurance frustration and political Riordan. “On justice cover wording was designed for violence exposures,” confirms the PRI side, – to protect OECD countries as it excluded Alistair Mole, director at against a both war and political risks, London-based brokerage which was hardly appropriate Benfield Political Risks. Yet the nonhonouring Berry at BPL Global of sovereign Rewriting terrorism cover and, government insured from sub-sovereign guarantees resorting to an arbitration has been in demand,” mainly mechanism – is increasingly in Eastern Europe and Latin requested,” he says. America, he says. Freely also cites an uptake in As insurance volumes rise, trade disruption insurance, “reinsurance capacity is where insureds protect holding up well as evidenced – often via a small handful by some markets having of Lloyd’s market syndicates increased line size and – against loss of profits tenors as well as new market entrants,” notes Danny Oades, partner, credit If an underwriter has a US$10mn line available, and a choice between Iraq and a mushroom farm in California, he might only write US$500,000 for Iraq stemming from supply chain disruption by governments or other entities. and political risk, JLT Risk Terrorism focus Solutions. if you held assets in certain cover is still plentiful – and emerging markets.” cheap – on a market such Three years ago, says Berry, as Syria, where war on Here he Demand for BPL Global redesigned its land cover is available at cites Liberty traditional global political violence cover “less than 0.2-0.25%”, says International, expropriation to encompass emerging de Haldevang. “Throw in Garant, and political markets terrorism. “It was terrorism and it won’t cost Atrium, and violence logical to take words like you a great deal more, if Bermuda- cover has insurrection, civil war and war anything,” he adds. based also grown, – all of which were in the T3 There is nevertheless one Lancashire comments exclusions – and include them other potential peril to and Houston James in the product.” contend with, states another Casualty. Cunningham, BPL Global has also underwriter who prefers Underwriters’ senior vice- broadened out its offer of anonymity. “Sometimes president PRI cover on mobile assets in decisions whether or not to at Marsh emerging markets, to cater indemnify may come down more professional approach, and greater focus on products that address Cooper at TFC Brokerage Asian demand market needs, mean that “PRI is more of Alive a nd delaying or denying an particularly, Insura Export nce & G ua Credit Agencie rantees s (ECAs ) Political Risks for some of the “increasingly to who your underwriter is in London. common insurgency and – insurers can still differ in “9/11 was guerrilla actions” in emerging their interpretation of the the key markets like Nigeria, Iraq and same claim,” he cautions. The turning Afghanistan, Berry comments. key to all PRI purchasing is point, and Is enough PRI cover capacity “to go to a broker that totally triggered the available for such markets? understands the subject “Parts of the PRI market can matter,” he concludes. development of standalone 34 | Global Trade Review www.gtreview.com www.gtreview.com kicking – occ asiona lly em someth erging ing mo as re aki comme which n to the rcial way the bodies to com they y want Some pleme used major to go. nt. From ones countr old-sc from ies are hool OECD razor stalwa decidin they sharp rts to want g wh smallare cop to be ether guns, but we more ing wit ECA are all flexible s h cha their reflect what nge in own , way, is goi ing on they’re but one ng on.” “Every all cle thing bod ar on here – the well dur y has bee to sta y’re n doi y. ing the ng or so past – it’s five yea Thre tre rs mendo Olof Ryd e-way us,” h, dire ECAs split Swede ctor gen says are typ n’s EKN ically eral at three split “These in Sto catego into ckholm days ries: OECD traditi we are . take stateonal, more asked run org OECD and mo to risks, anisat player re diffi in cou ions; s who loosen cult ntries are been ECAs ing the we hav closed ir rule are he non-OE e on bef s; and Meanw CD age re to She ore.” hile, focuse ncies catch stay, good telecom who d on risk es wr are and nation s in up wi s in Me ites He but app find al inte and Ind xico, th se roach len Ca rest Turkey ia vera it out wa s out ho wa are in y, say stell. a diff disapp l leadin as com w ag s Joh ys to earing panies encie n McAda erent senior g EC thriv tap the marke s are vice-p As ms, e and t. private reside sear export nt for stay Meanw ching finan relev hile, ce at Bank, many US Exant. are mo itself ECAs Im The glo firmly ving catego away bal eco in the mass ry. from changi nomy first marke the Althoug is ng. Nob t and more h ECA toward ody ma things specia s hom are s the wa lised, kes ogenou far fro finan pro y the banks ce-typ m s, “ch y use is com e transa ject and priv ange says d to, ing are pili ctions, to eve Lars ate ins says Kolte, ryone, ng into urers Raoul directo manag ” areas forme Ascari, r at De ing Italy’s r noand CFO nmark Copenh go ECA, at yester ’s EKF Sace, agen. “Emerg day’s in in Rom For som ing beggin e. marke e, the g-bow ts is been change a l export even has more ers are dynam Founde radica startin ic d in 194 l. g to concep state6 as expect t,” run ECA France cheap, ’s and “th , Cof privatis ace wa fast cas ere ed 12 s h. is a risk years has sin So wh ago and of ce spl ere it its becom along bus does ing strictly iness this irrelev state accoun ant” and priv leave t line export s. as tra ate “As a ditiona credit private l pro custom compan vid agenci ers e ser y we vices es gradua French not onl (ECAs) te to export ? The the priv ers, but y to compan softly ate y reg to any spoken sector, ardles nation s of the guardia he ality,” ir ns says says. deputy Jenny of nat directo Clei, ional This r – me term is interes depart diumNOVEMBER/DECEMBER 2006 | 35 t are ment forcin Liang in Par at g toughe is. “An ECAs Coface Sinos at Appe ning d we everyw provid don’t aranc ure up, cha e cre just es to rea here are dit ins nging … info urance pprais their rmatio decep tools e ma but n, rec their or, 42 | tiv nag role eiv in som cases, e able em Global e sheddi and in Trade And Cof ent and fac ng the Review toring ace is change ir ski .” some not the one to n their cases have only identit think underg y. “I change many don’t one big have s. “W decide e ent 1990s ered d in a ver the y diffi situatio cult n,” say s Sac e’s Asc ari. Contact Contact sales@exportagroup.com for more advertising details www.gtreview.com | www.exportagroup.com | © Exporta Group 2007 Your p artner for marke real emergin t oppo rtunitie g s. www.s tan Inspire July 20 dardba nk.com d. Mot ivated. Involve d. 06 Teleco m Devel opment Compan y Afghan T/A Ro US$6 shan 5,000, First cro 000 Expans ss-bor ion Fi der provid nancin ed und syndicated er AD comme g B’s com istan Ltd rcial loa n in Afg ntary han financ DEG-D Lender Asi ing sch istan eut PROPAR sche Invest an Developm s eme itio CO (So ent Ban ciété de ns-und Ent wicklu k Coopér Promotion ngsges et de ellscha ation Eco ft MB nomiqu Participat ion pou H Partic e S.A.) ipants Nation r la al Ban k of Standa Pakista rd Ban k Plc n Facilit Standa y Agent rd Ban k Plc pleme www.gtre view.com Stan.gtre www dard Ban Financia view k Plc whic .com l Services h is Authori a member of ty has the Lon approve don Stoc d this notice k Exchange, for dist Lon ribution don Bullion Mar in acco rdance ket Associati with Unit on ed Kingand the Lon dom regu don Met latory al Exchang and legi e a firm slative andNO VEM auth requirem BER orised and ents. /DE CEM regu lated by BER 2006 MT 06/the | 16 43 ADVERTISERS IN GTR MAGAZINE G T R A D V E R T I S I N G R AT E S & T E C H N I C A L S P E C S GTR Magazine Adverts ABC International Bank ICIEC ABN Amro Bank IFC ABSA Bank Indover Bank ACE Global Markets ING Amsterdam Trade Bank Intesa Soditic Arthur J Gallagher JLT Risk Solutions Aon JPMorgan Chase Atradius Komercni banka Bank of Ireland Linklaters Bank of New York London Forfaiting Company Bank of Tokyo-Mitsubishi Lovells Bank TuranAlem Lloyds TSB M Barclays Misys Wholesale Banking Y BBVA Mizuho CM BExA Nationwide Equipment MY BNP Paribas Natixis CY Calyon Nedbank China Systems Noble Trade Finance China Trade Solutions Omni Bridgeway Citibank Rosemount Capital Management Clyde & Co Royal Bank of Scotland Commodity Resources Salans Commonwealth Bank of Australia Societe Generale/SG Diamond Bank Sovereign Dealogic Standard Bank Denton Wilde Sapte Standard Chartered Bank Deutsche Bank Sullivan & Worcester DF Deutsche Forfait Surecomp DLA Piper Taylor-DeJongh EFIC TFI File supply Fimbank Trade Finance Corp Gif file: 400 x 50 pixels First City TradeVest Risk Services Fortis Bank Vasil Kisil & Parters GML International WestLB HSBC Zurich 1 3 6 Full page £4,000 £3,750 £3,500 Half page £2,750 £2,550 £2,200 Outside back cover: Extra 25% File supply Full Page Trim size: 297mm x 210mm Trim Size • PDF Bleed size: 303mm x 216mm Bleed Size Must be high resolution at 350 dpi. Please ensure Horizontal Half Page (horizontal) crop marks, 5mm bleed Type area: 190mm x 131mm and all fonts embedded • Additional formats on request Half Page (vertical) Vertical C Number of insertions Type area: 92mm x 262mm GTR Online Banner Adverts Number of insertions 1 3 6 Home page (price per month) £1,250 £1,050 £800 GTR e-News banner reaching over 20,000 names fortnightly = £500 per newsletter For production enquiries please contact production@exportagroup.com For advertising enquiries please contact sales@exportagroup.com GTR ANNUAL DIRECTORY The independent voice The independent voice 2005-06 Global Trade Review Directory GTR DIRECTORY 2006-07 Atradius 3rd Floor 30 St Mary Axe London EC3A 8EP United Kingdom Tel: +44 (0) 20 7743 8180 Fax: +44 (0) 20 7743 8181 www.atradius.com Managing Director apexins@emirates.net.ae Global Trade Review Directory The GTR Directory Contact: Emma Shadrack emma.shadrack@ atradius.com Tel: +44 (0) 20 7743 8182 Atradius is one of the world’s leading credit insurers, with a turnover of €1.3bn and global market share of 24%. We insure €300bn of trade worldwide each year against the risks inherent in national and international trade. Arthur J Gallagher (UK) Ltd 9 Alie Street London E1 8DE United Kingdom Tel: +44 (0) 20 7204 6000 Fax: +44 (0) 20 7204 1861 www.ajg.com Contact: Kit Brownlees Managing Director kit_brownlees@ajg.com Tel: +44 (0) 20 7204 8586 With skilled risk managers and underwriters strategically placed in over 40 offices across five continents, Atradius has its finger on the pulse of the world economic and political trends. Andrew van den Born Director andrew_vandenborn@ ajg.com Tel: +44 (0) 20 7204 6178 David Evans Director david_evans@ajg.com Tel: +44 (0) 20 7204 6156 Beazley Group plc Chubb Group of Insurance Companies 150 Contact: Keith Dunford Contact Singapore: Kyle Williams VP - Political Risk kdunford@chubb.com Tel: +908 572 4691 Manager - Political Risk kylewilliams@chubb.com Tel: +65 6510 7355 Contact United Kingdom: Miles Wright Plantation Place South 60 Great Tower Street London EC3R 5AD United Kingdom Tel: +44 (0) 20 7667 0623 Fax: +44 (0) 20 7674 7100 www.beazley.com Political and Credit Risks adrian.lewers@beazley.com Tel: +44 (0) 20 7674 7045 Noemi Wall Political and Credit Risks noemi.wall@beazley.com Tel: +44 (0) 20 7674 7246 Manager - Political Risk mwright@chubb.com Tel: +44 20 7956 5580 Global Trade Review Sponsored by: www.gtreview.com Sponsored by: Entries are listed in user-friendly categories: is widely accepted • Financial Institutions & Advisory as the most • Law Firms comprehensive • Insurance & ECAs market source for • Technology & Software trade and export • Recruitment finance service • Others provider contact Contact: Adrian Lewers Other 202 Hall's Mill Road PO Box 1650 Whitehouse Station NJ 08889 USA Tel: +1 908 572 2000 Fax: +1 908 572 4347 www.chubb.com Insurance Insurance 2nd Floor, Gulf Business Centre Tel: +971 50 612 3694 ABN AMRO Bank Building Al Salam Street PO Box 35764 Abu Dhabi, United Arab Emirates Tel: +971 2 678 6900 Fax: +971 2 679 0060 2007-08 Global Trade Review Directory In association with: GTR DIRECTORY 2006-07 Contact: Rashid Jamal 2006-07 Global Trade Review Directory In association with APEX International Insurance Mediations LLC The independent voice The independent voice 2004-05 information What also really sets the GTR Directory apart is its circulation strength. worldwide. With a circulation of 15,000 copies, the GTR Directory’s distribution is second to none. Exporta has arrangements with many leading trade 151 The GTR Directory and export organisations all over the world. This means we leverage is the ‘Who’s Who’ of companies and individuals involved in financing our marketing off the back of these organisations and reach their and facilitating global trade. members and other participants in the markets that matter. Visit: www.gtreview.com/directory for more details Directories are available free to GTR subscribers and for sale to nonsubscribers. Argentina | Brazil | China | Egypt | Estonia | India | Kazakhstan | Latvia | Mexico | Netherlands Poland | Russia | Singapore | South Africa | Turkey | UAE | UK | Ukraine | US | Vietnam “I attended my first Exporta seminar two years ago and won’t miss another one! Knowledgeable speakers on important topics brought mission-critical focus to the day. A unique combination of importers, exporters and service providers from a wide range of geographies with a single purpose make it happen!” Don Smith, Vice-President, Client Services, Norman Technologies; Chairman, Banking Committee, US Council for International Business; Co-Chair, ICC ISBP Task Force; Member, ICC UCP Revision Consulting Group E X P O R TA E V E N T S Exporta organises numerous focused trade finance conferences and workshops each year all over the world. There are many events produced in our market each year, but we at Exporta believe that focus and attention to detail are key. Each trade finance conference or workshop we organise provides an excellent networking and learning opportunity John Simpson, Editor, BBC World Affairs Emerging Markets Trade & Political Risk, London, 2006 for trade, commodity and export finance practitioners and directly targets the crucial issues in our market. Each event is held at leading deluxe venues around the world and is supplemented by full documentation for the day. Often our conferences and workshops are followed by evening receptions to maximise the networking process. For any event queries contact events@exportagroup.com HE Sheikha Lubna Al Qasimi, Minister for Economy and Planning, UAE Middle East Trade & Export Finance Forum, Dubai, 2006 HRH The Duke of York Emerging Markets Trade & Political Risk, London, 2004 “Exporta events offer an excellent opportunity to learn, share knowledge and network with trade finance professionals throughout the world” Commercial Bank of Qatar “Well organised and pleasantly conducted events with high content bringing together effective speakers and great networking opportunities have become a trademark for Exporta.” Paul Schuilwerve, Managing Director, Structured Commodity Finance, Fortis Bank E X P O R TA E V E N T S Exporta’s events have a global reputation, renowned for superb networking opportunities and educational presentations by high-profile speakers. Time after time our events attract the leading companies in our market as sponsors and speakers. Our global range of conferences offer every sponsoring institution endless options and a dedicated event co-ordinator to manage your sponsorship - guiding you personally through the benefits. What better way to raise your local or international profile and confirm to the market your dedication and interest to trade finance? Sponsorship opportunities are available from exhibition stands through to lead sponsor, with very competitive prices, offering tailored packages to meet your needs. Over the past five years, Exporta’s events have welcomed sponsors such as: With most lead sponsors demanding exclusivity at our events, we recommend you book your sponsorship early JPMorgan • Citigroup • Deutsche Bank • Standard Chartered Bank • Standard Bank and our events manager will be happy to let you know HSBC • Calyon • Fimbank • BBVA • ABC International • HSH Nordbank • Arab what future events are scheduled so you don’t miss out Bank • RBS • ING • GML International • Fortis Bank • WestLB • Bank TuranAlem on outstanding marketing avenues. London Forfaiting Company • Global Trade Finance Pvt Ltd • ACE Global Markets Arthur J. Gallagher • Tysers • Clyde & Co • DLA Piper • Bolero • Misys • Neomalogic For sponsorship opportunities, please contact GlobalTrade Corporation • Atradius • Aon • Ascot • Zurich • JLT Risk Solutions • Smyth events@exportagroup.com Solutions • China Trade Solutions • Worldcheck • Omni Bridgeway • ICIEC • First City China Systems • Coface • Nationwide Equipment • Ince & Co • Ukreximbank • Vasil Visit www.gtreview.com/events to view a list of Kisil & Partners • Garanti Bank International • Bank of New York all Exporta’s past and upcoming events including programmes, write-ups, delegate packs and image galleries. Exporta Publishing & Events Ltd © 3c Hillgate Place London SW12 9ER United Kingdom Tel: +44 (0) 20 8673 9666 | Fax: +44 (0) 20 8673 8662 info@exportagroup.com | www.exportagroup.com | www.gtreview.com