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Trafigura has refinanced its European multi-currency syndicated revolving credit facilities (RCFs) worth US$5.3bn, in a pair of deals that the commodity trading giant says are once again structured as sustainability-linked loans. The loan structure comprises two separate RCFs, a 365-day agreement worth US$2bn and a three-year facility valued at US$3.3bn, both of which come with ...
TradeSun has struck a partnership with information and analytics provider IHS Markit, as the trade finance technology firm works to strengthen its artificial intelligence (AI)-powered compliance checking solution. The agreement allows users of TradeSun’s platform to tap into IHS Markit’s financial crime datasets when conducting compliance checks, including vessel tracking for sanctions breaches, container compliance ...
The Multilateral Investment Guarantee Agency (Miga) has issued a guarantee to JP Morgan for a loan that it is providing to a Colombian state-owned enterprise for a new port in Antioquia. The Miga guarantee covers a US$103.7mn facility being provided by JP Morgan to Financiera de Desarrollo Nacional (FDN), a government-backed infrastructure development bank, which ...
Proposed changes to the treatment of trade finance in the EU’s capital requirements regulations could push up financing costs for businesses and allow insurers a bigger slice of the guarantees market, banks and borrowers claim. The European Commission published the final text of its proposed changes to the Capital Requirements Regulation (CRR) in October last ...
The International Civil Aviation Organization (ICAO) and the United Nations Economic Commission for Europe (UNECE) have released new digital air cargo technical specifications guidance that they say will help to accelerate the transition away from long-standing paper-based documents. The specifications, which cover three main documents – the air waybill (AWB), dangerous goods declaration (DGD), and ...