Natixis write for PFI issue on the case study of Exeltium

In the most recent PFI issue Emmanuel Gillet Lagarde, Head of Europe, and Stéphane Dubos, Executive Director at Natixis Global Infrastructure & Projects, provide a unique insight into the design of Exeltium’s innovative financing structure.
Acting as Financial Advisor, Rating Advisor, Mandated Lead Arranger, Co-Hedge Coordinator and co-underwriter of the institutional tranche, Natixis assisted Exeltium, one of the largest European power deals, to design an innovative dual-track debt raising process targeting banks and institutional investors which resulted in improved terms and conditions – paving the way to restore electricity price competitiveness and predictability amongst Exeltium’s clients.

Anne Christine Champion, Global Head of Infrastructure & Projects explains that “through this hybrid and innovative financing structure involving the largest institutional tranche ever in the French power sector, Natixis developed a multi-sourced financing structure which optimized liquidity conditions for the benefit of the clients, ensuring long-term competitiveness of their electricity supply.”

To read the full article, please click here (please note that this article is behind a paywall).

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BPL Global’s Dubai office opening makes a splash in the specialist press

dubai-600870_1280BPL Global, the specialist credit and political risk insurance broker, last week announced that it will open a representative office in Dubai. The opening takes the number of BPL Global offices to five – joining London, Paris, Singapore and Hong Kong. The Global network – created by BPL Global and bringing together a number of independent insurance brokers specialising in credit and political risk – now has 12 offices in total, covering the key regions of the world. The office, based in the Dubai International Financial Centre (DIFC), will be headed up by Harriet Smith, who joined BPL Global in February 2011 and in recent years has focused mainly on medium- and long-term business for European corporate and banking clients.

Commenting on the opening, BPL Global Chairman, Charles Berry, said: “Dubai is becoming an important hub for global business with an increasing number of our multinational clients, as well as insurers, establishing a presence in the DIFC. This move will allow us to continue to follow our existing clients’ global expansions, as well as putting us in a strong position to develop new business locally.”

Following Moorgate’s outreach, the news was picked up by TXF, GTR, Trade Finance, TFR, MENA Insurance Review, Intelligent Insurer, CPI Financial and Insurance Day.       

BNY Mellon, Commerzbank and iGTB provide insights on working capital in FX-MM

money-482596_1280Working capital optimisation is a core component of every business. In the latest edition of FX-MM, BNY Mellon’s Joanne Scheier (Corporate Segment Market Manager, Treasury Services), Commerzbank’s Oliver Klein (Specialist Trade & Supply Chain Finance), and iGTB’s Jan Gonnissen (SVP, Senior Payments Consultant) discuss the latest challenges, developments, influences and catalysts that are shaping the way in which working capital optimisation is being approached.

To read the full article, please click here (please note that registration with FX-MM is required to view).

Georges Affaki discusses the new DOCDEX in FX-MM

Georges AffakiIn this month’s FX-MM, Georges Affaki – Chairman of the Legal Committee of the International Chamber of Commerce (ICC) Banking Commission – explains the recent changes to DOCDEX, ICC’s dispute resolution mechanism.

The new DOCDEX rules offer more transparency, enhanced time efficiency, and a broadened scope that enables it to address any trade finance-related dispute. Indeed DOCDEX helps to avert costly and protracted litigation and arbitration by presenting bankers and traders with a cost-effective and friendlier mechanism for resolving trade conflicts – one that safeguards partnerships and encourages further business.

To read the full article, please see pages 40 and 41 of the July/August issue, online here (please note that this lies behind a pay wall).

Deutsche Bank’s Andy Reid takes stock on SEPA’s first anniversary in FX-MM

Andrew Reid - 065This August will mark one year since the compliance deadline for SEPA. In this month’s FX-MM, Andrew Reid, Head of Cash Management Corporates for EMEA, Deutsche Bank, looks back at what this meant for the eurozone, and how corporates both within and outside the SEPA-zone are now looking to capitalise on post-compliance advantages.

To read the full article, please see pages 28-29 of the July/August issue, online here (please note that this lies behind a paywall).

Deutsche Bank’s Daniel Schmand in GTR on his vision for the ICC

Daniel Schmand, ICC Banking Commission ChairmanIn this month’s GTR, the magazine asked Daniel Schmand – Head of Trade Finance & Cash Management Corporates EMEA at Deutsche Bank, and the new chair of the International Chamber of Commerce’s (ICC) Banking Commission – about his plans for the latter.

Daniel answered questions on the challenges facing trade finance, his views on alternative financiers and the importance of standardisation, among other topics.

To read the full article, please click here.

Commerzbank writes for local Bangladeshi financial newspaper on the need for export diversification

Rost_AlexanderIn a feature for Financial Express – the only English financial daily in Bangladesh – Alexander Rost, Regional Head, Indian Subcontinent & ASEAN at Commerzbank, writes about the challenges faced by Bangladesh, which heavily relies on the export of ready-made garments. Rost concludes that in order for Bangladesh to capitalise on its growth potential, taking advantage of its huge young, skilled workforce, the country must make greater progress in diversifying its exports. In this respect, he outlines certain measures that local banks can take in order to facilitate this.

To read the article in full, please click here.

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