Tuesday, August 26th, 2014

The 364-day facility will be used to finance Transcapital’s customers’ trade contacts and was priced at a margin of 2.95%. It was brought to market by Banco Finantia S.A., Commerzbank AG and VTB Bank (Deutschland) AG in mid-June. By the time of loan-signing five weeks later, subscriptions had reached US$70m with Raiffeisen Zentralbank Osterreich AG […]

Tuesday, August 26th, 2014

More than 70 delegates attended a reception in Singapore on 6th June to mark the inauguration of ITFA’s new India and South Asia Regional Committee. The attendees represented the major banks and forfaiting houses in the region, most of which are based in Singapore. The new Committee’s chairman, Unicredit Singapore’s Charles Brough, comments that to […]

Tuesday, August 26th, 2014

The Paris-based multilateral trade body is best known in the forfaiting market for its Uniform Customs and Practice for Documentary Credits and other key rulebooks for facilitating international trade. It has now constituted a Forfaiting Task Force that has commented on the Primary Guide soon to be released by ITFA.

Tuesday, August 26th, 2014

Daniel Vignial and Giovanni Rosa have been appointed by the ITFA Board as “Advisor to the Board” with the specific task to draft the ITFA Corporate Governance.