TXF: 20 Minutes With

JBIC helps finance new India plant for ATC Tires AP; Surecomp awarded SWIFT 2021 accreditation; HSBC joins Walmart initiative to boost working capital access

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
JBIC helps finance new India plant for ATC Tires AP
Surecomp has secured the 2021 SWIFT certification for its trade finance solutions to support the processing of bank guarantees and documentary collections between banks around the world
HSBC Bank USA has become Walmart’s first banking collaborator supporting its initiative to improve access to working capital.
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EBRD approves €250m loan for Egypt’s Abu Qir metro project; WFW hires commodities disputes partner in Singapore; EIB enables Berenberg Bank to expand SME lending

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
The EBRD has approved a formal loan request from the Egyptian government for €250 million (about $297 million) to partially fund a project to convert Alexandria’s Abu Qir railway into an underground metro
Watson Farley & Williams has appointed commodities disputes specialist Sumeet Malhotra as a Partner in Singapore
The European Investment Bank will provide loan-by-loan guarantees covering 75% of a portfolio of up to €250 million of the German private bank Berenberg
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New Norwegian ECA Eksfin is up and running; Rio Tinto commits $2.4bn for Jadar lithium project; ICC announces new appointments

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
Oslo-headquartered Export Finance Norway (Eksfin) - which was formed from a merger between former government agencies GIEK and Export Credit Norway - has opened its doors and is fully operational
Rio Tinto has committed $2.4bn for the Jadar lithium project
The International Chamber of Commerce has announced a number of new appointments to lead the work of its Banking Commission, including Lynn Ng - of ING - who becomes new Commission Chair. 
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EAIF, AfDB help fund €174m hydropower project in Ivory Coast; Afreximbank, BAFT hold training workshops on correspondent banking in Africa; Greensill inquiry concludes no need for SCF reform

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
The Emerging Africa Infrastructure Fund is lending €25 million over 18 years to Ivoire Hydro Energy (IHE), which will build a 44MW hydro electricity generation plant on the Bandama River near the village of Singrobo, in Côte d’Ivoire
The US Justice Department is investigating Connecticut-based trading house Freepoint Commodities over whether payments to employees of Brazil's state-run oil company Petrobras broke US laws, two sources said
On 14 July, a UK Parliamentary Select Committee published its report on the lessons from the collapse of Greensill Capital after taking extensive evidence from the parties involved, including founder and chief executive Lex Greensill and former Prime Minister David Cameron, who had later become an advisor to the company
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Kexim signs $30m RCF with Deutsche, entering digital supply chain market; EDF Trading appoints new head of gas trading; IFC backs Uzbek bank trade lending

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
The Export-Import Bank of Korea (Kexim) has signed a $30 million facility revolving credit facility with Deutsche Bank to support the competitiveness of the Korean export apparel industry.
EDF Trading, a wholly-owned subsidiary of EDF, has appointed of Alex Watson as head of gas trading based in London
IFC is providing a $20 million trade finance guarantee facility to Uzbekistan-based Uzpromstroybank under its Global Trade Finance Program (GTFP)
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Clifford Chance advises Contour's Series A+ financing; EU-Ukraine sign preliminary deal on key raw materials for batteries; BAFT releases FAQ on LIBOR transition, impact to trade finance

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
Law firm Clifford Chance has advised the ground-breaking blockchain digital trade finance network, Contour, on its Series A+ preferred financing and fundraising round, securing new investment from Sumitomo Mitsui Banking Corporation as well as existing investors
The European Union (EU) and Ukraine have signed a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the pandemic
The leading global financial services association for international transaction banking - BAFT - has announced the publication of the first edition of LIBOR Transition: Impact on Trade Finance – Frequently Asked Questions Guide to inform and respond to frequently asked questions related to LIBOR transition for U.S. Dollar and UK Pound Sterling
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KfW looking for South African hydrogen proposals; Glencore appoints new chairmen; Coriolis Technologies joins Surecomp platform

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
The Council for Scientific and Industrial Research (CSIR) and Meridian Economics, on behalf of German development bank KfW, have issued an RFI on potential green hydrogen projects in South Africa
Glencore has announced that Tony Hayward will retire as chairman of the mining group and Kalidas Madhavpeddi will be appointed as the new chairman on 30 July
Coriolis Technologies has joined Surecomp’s Marketplace platform as an accredited member
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StanChart signs ECA-backed social financing for Ghana road project; Masdar to develop 2GW of solar in Iraq; Bahrain Development Bank launches new digital banking platform

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
StanChart has signed an ECA-backed loan to finance a Ghana road project
Masdar has announced plans to develop 2GW of solar in Iraq
Bahrain Development Bank has announced the launch of “tijara” – a new digital banking platform for SMEs that enables businesses to apply for loans online for the first time in the kingdom
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.