Overview of GLOBAL TRADE FINANCE

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  • Overview of GLOBAL TRADE FINANCE

    1. 1. Overview of GLOBAL TRADE FINANCE PROGRAM Bonnie Galat March 16th, 2007
    2. 2. Global Trade Finance Program <ul><li>US$ 1 billion ceiling </li></ul><ul><li>Goal: Global FI network for trade finance solutions </li></ul><ul><li>Up to 100% deal cover </li></ul><ul><li>Maturities out to 3 years </li></ul><ul><li>No fees to join </li></ul>
    3. 3. GTFP’s Responsive Platform <ul><li>Covers all private sector trade transactions </li></ul><ul><li>Covers all bona fide trade finance instruments </li></ul><ul><li>Covers all goods in accordance with IFC’s exclusion list </li></ul><ul><li>Requests for cover via SWIFT communication </li></ul><ul><li>Dedicated trade unit responds within 24 hours </li></ul><ul><li>Training and technical assistance provided </li></ul>
    4. 4. <ul><li>AAA Rated – Basel II benefits </li></ul><ul><li>Cover country and commercial risk </li></ul><ul><li>Cover payment risks related to trade instruments: </li></ul><ul><ul><li>Import LCs, standby LCs, prom notes, bills of exchange </li></ul></ul><ul><li>Structured as a Standby LC </li></ul><ul><li>Commercial pricing </li></ul><ul><li>Payable after 15 days of claim </li></ul>GTFP Guarantees
    5. 5. Trade Applications <ul><li>Import Finance </li></ul><ul><li>Pre-Export Finance </li></ul><ul><li>Equipment Financing </li></ul><ul><li>Bid & Performance Bonds </li></ul><ul><li>Advance payments </li></ul>
    6. 6. GTFP Program Profile <ul><li>GTFP TRANSACTIONS – 17 mos. </li></ul><ul><li>As of March 2007 </li></ul><ul><li>TOTAL IFC GTEES ISSUED US$ 705.7 Mil </li></ul><ul><li>TOTAL NO. OF GTEES 691 </li></ul><ul><li>AVERAGE TENOR 6 months </li></ul><ul><li>GTEE RANGE US$ 7K- 15 Mil </li></ul><ul><li>MEDIAN GTEE VALUE US$ 250K </li></ul><ul><li>RISK-SHARE % 34% </li></ul><ul><li>SOUTH-SOUTH TRADES 35% </li></ul><ul><li>SME IMPORT-EXPORT 77% </li></ul>
    7. 7. Regional Breakdown of Guarantees(US$)
    8. 8. 54 Issuing Banks in 29 countries (1) Ghana Merchant Bank of Ghana Trust Bank Kenya Barclays I&M Bank Liberia LBDI Mauritania Générale de Banque de Mauritanie Mozambique BDC AFRICA Nigeria Access Bank Diamond Bank Guaranty Trust Bank (GTB) Intercontinental Bank IBTC Zenith Tanzania Exim Bank Uganda Orient Bank Argentina BBVA Banco Francés Banco Patagonia Bolivia Banco Mercantil Brazil BIC Banco Banco Mercantil do Brasil Banco BMC Banco Alfa de Investimento Banco Indusval SA Daycoval Dominican Republic Banco Leon Ecuador Bolivariano Guayaquil Internacional LATIN AMERICA AND CARIBBEAN
    9. 9. 54 Issuing Banks in 29 countries (2) <ul><li>Pakistan </li></ul><ul><ul><li>Metropolitan </li></ul></ul><ul><ul><li>Soneri </li></ul></ul><ul><ul><li>Askari </li></ul></ul><ul><li>Bangladesh </li></ul><ul><ul><li>BRAC Bank </li></ul></ul><ul><ul><li>Eastern Bank </li></ul></ul><ul><ul><li>Dhaka Bank </li></ul></ul><ul><li>Cambodia </li></ul><ul><ul><li>ACLEDA </li></ul></ul><ul><li>Indonesia </li></ul><ul><ul><li>PT Bank Danamon </li></ul></ul><ul><li>Sri Lanka </li></ul><ul><ul><li>NDB </li></ul></ul><ul><li>Vietnam </li></ul><ul><ul><li>Sacombank </li></ul></ul>ASIA <ul><li>Lebanon </li></ul><ul><ul><li>Banque Libano- Francais </li></ul></ul><ul><ul><li>Fransabank </li></ul></ul><ul><ul><li>Bank of Beirut </li></ul></ul><ul><li>Malta </li></ul><ul><ul><li>FIMBank plc. </li></ul></ul><ul><li>Jordan </li></ul><ul><ul><li>Capital Bank of Jordan </li></ul></ul><ul><li>Yemen </li></ul><ul><ul><li>Sana Islamic Bank </li></ul></ul>MIDDLE EAST & NORTH AFRICA <ul><li>Armenia </li></ul><ul><ul><li>Armeconombank </li></ul></ul><ul><li>Azerbaijan </li></ul><ul><ul><li>Azerigazbank </li></ul></ul><ul><ul><li>Unibank </li></ul></ul><ul><li>Kosovo </li></ul><ul><ul><li>RZB Kosovo </li></ul></ul><ul><li>Moldova </li></ul><ul><ul><li>Mobias Banca </li></ul></ul><ul><li>Mongolia </li></ul><ul><ul><li>Trade & Development Bank </li></ul></ul><ul><li>Russia </li></ul><ul><ul><li>Credit Bank of Moscow </li></ul></ul><ul><ul><li>Absolut </li></ul></ul><ul><ul><li>Locko Bank </li></ul></ul><ul><ul><li>Russian Standard Bank </li></ul></ul>E. EUROPE/ CENTRAL ASIA
    10. 10. Next phase coverage <ul><li>Africa </li></ul><ul><li>Angola </li></ul><ul><li>Benin </li></ul><ul><li>Burundi </li></ul><ul><li>Cape Verde </li></ul><ul><li>DRC </li></ul><ul><li>Ethiopia </li></ul><ul><li>Gambia </li></ul><ul><li>Malawi </li></ul><ul><li>Mali </li></ul><ul><li>Rwanda </li></ul><ul><li>Senegal </li></ul><ul><li>Sierra Leone </li></ul><ul><li>Zambia </li></ul><ul><li>Latin America and Caribbean </li></ul><ul><li>Haiti </li></ul><ul><li>Jamaica </li></ul><ul><li>Mexico </li></ul><ul><li>Trinidad and Tobago </li></ul><ul><li>Uruguay </li></ul><ul><li>Venezuela </li></ul><ul><li>Mid. East/N.Africa </li></ul><ul><li>Egypt </li></ul><ul><li>Libya </li></ul><ul><li>Tunisia </li></ul><ul><li>E. Europe & Central Asia </li></ul><ul><li>Georgia </li></ul><ul><li>Kazakhstan </li></ul><ul><li>Macedonia </li></ul><ul><li>Tajikistan </li></ul><ul><li>Ukraine </li></ul><ul><li>East and South Asia </li></ul><ul><li>Bhutan </li></ul><ul><li>Nepal </li></ul><ul><li>Papua New Guinea </li></ul><ul><li>Philippines </li></ul><ul><li>Sri Lanka </li></ul>
    11. 11. 95 Confirming Banks in 62 countries Mashreqbank Mizrahi Tefahot Bank Mizuho Corporate Bank NATIXIS National Bank of Kuwait National City Nordea Nord/LB OCBC Bank OKO Bank plc RZB Royal Bank of Scotland Regions Bank SEB Sovereign Bank Standard Bank Plc Standard Bank South Africa Standard Chartered Bank Sumitomo Mitsui The Bank of New York TorontoDominion Bank Turkiye Ekonomi Bankasi (TEB) U.B.A.F. Unibanco UBS U.S. Bank Wachovia Whitney National Bank Zurcher Kantonalbank Banca Agricola Mantovana Byblos Bank SAL Caixa Geral de Depósitos Caja Madrid Calyon China Construction Bank Citibank N.A. CoBank Commerzbank Commonwealth Bank of Australia Danske Bank Deutsche Bank Dresdner Bank DNB Nor Bank ASA Emirates Bank FIMBANK plc. FirstRand Bank Ltd. Fortis Bank NV/SA Garanti Bank GarantiBank International N.V. Bank Hapoalim Hemisphere National Bank HSBC HVB ING Belgium ING Bank N.V. Intesa SanPaolo Spa Itaú BBA JP Morgan Chase KeyBank KBC LBBW Lloyds TSB ABN AMRO Ahli United Bank American Express Bank Anglo Irish Bank ANZ BAC Florida Banco Alfa de Investimento S.A. BancoBICE Banco do Brasil S.A. Banco Commercial Portugues S.A Banco Espirito Santo Banco Internacional del Peru S.A.A (Interbank) Banco Patagonia S.A. BPN Banco Português de Negócios Banco Santander Central Hispano S.A. Bank Austria Creditanstalt Bank of America Bank Danamon Bank Leumi leIsrael B.M. BankMuscat Bank of Montreal Bank of Nova Scotia Bank of Tokyo Mitsubishi UFJ, Ltd. Banesto Banque LibanoFrancaise (BLF) BB&T Banco Bilbao Vizcaya Argentaria (BBVA) BHF Banco BPI, S.A. Berliner Volksbank eG BLADEX BNP Paribas British Arab Commercial Bank Limited
    12. 12. League Table: Top 20 Confirming Banks ($) <ul><li>BNP PARIBAS </li></ul><ul><li>ANZ BANK </li></ul><ul><li>CITIBANK </li></ul><ul><li>AMEX </li></ul><ul><li>COMMERZBANK </li></ul><ul><li>DEUTSCHE BANK </li></ul><ul><li>HSBC </li></ul><ul><li>SMBC </li></ul><ul><li>INTESA SANPAOLO </li></ul><ul><li>CAJA MADRID </li></ul><ul><li>MASHREQBANK </li></ul><ul><li>WACHOVIA </li></ul><ul><li>BANK AUSTRIA </li></ul><ul><li>NOVA SCOTIA </li></ul><ul><li>NORDEA </li></ul><ul><li>DRESDNER </li></ul><ul><li>NATIXIS </li></ul><ul><li>JP MORGAN CHASE </li></ul><ul><li>HVB </li></ul><ul><li>NATIONAL CITY </li></ul>
    13. 13. US Banks using GTFP worldwide US$ 137.8 Million AMERICAN EXPRESS BANK, BANK OF NEW YORK, CITIBANK, JP MORGAN CHASE, NATIONAL CITY, SOVEREIGN BANK, US BANK, WACHOVIA Gasoline Engines from China to Nigeria Hardwood from Canada to Lebanon Sugar from Brazil to France Phospohoric Acid from Philippines to Bangladesh
    14. 14. US Trade under the GTFP Bangladesh Russia Nigeria US$ 54.7 Million Goods : C ashew nuts, c hemicals, coffe, cotton, crude oil, granite, machinery and parts, meat, plastics, shoes and bags, silicon, wood USA Dominican Rep. Ghana Mongolia Argentina Brazil China
    15. 15. Typical GTFP Transaction: Import LCs IFC Guarantee Goods Exporter International Bank (Confirming) Payment Importer International Finance Corporation Confirm L/C Documents Request L/C Issuance Payment Documents Payment Documents Local Bank (Issuing) L/C in favor of exporter
    16. 16. Pre-Export Financing IFC Gtee Goods International Bank Pre-export Financing Pre-export Funding Request Pre-export Advance SBLC/ PN for Pre-export Funding Request IFC Gtee for Pre-Export Loan Importer Exporter Local Bank International Finance Corporation
    17. 17. Agricultural Machinery from USA to Nigeria <ul><li>LC issued by a Nigerian bank </li></ul><ul><li>Confirmed by an American Bank </li></ul><ul><li>Terms of payment: Sight payment </li></ul><ul><li>Value: $255,000 </li></ul><ul><li>IFC Covers 100% </li></ul>USA Nigeria
    18. 18. Leather from USA to Dominican Republic <ul><li>LC issued by a DR Bank </li></ul><ul><li>Confirmed by an American Bank </li></ul><ul><li>Terms of payment: Sight payment </li></ul><ul><li>Value: $635,536 </li></ul><ul><li>IFC Covers 100% </li></ul>USA Dominican Republic
    19. 19. Solar Gas Generators from USA to Russia <ul><li>LC issued by a Russian Bank </li></ul><ul><li>Confirmed by an American Bank </li></ul><ul><li>Terms of payment:At Sight </li></ul><ul><li>Value: $ 4.7 Mil </li></ul><ul><li>IFC Covers 57.81% </li></ul>USA Russia
    20. 20. GTFP Contacts www.ifc.org/gtfp [email_address] +1/202.458.4786 Washington DC Trade Specialist—Asia and Middle East Priyamvada Singh [email_address] +1/202.473.4640 Washington DC Trade Specialist—Central Asia Mark Rozanski [email_address] +1/202.458.2502 Washington DC Marketing Officer Zeynep Ersel [email_address] +1/202.473.7678 Washington DC Operations Assistant Li Tang [email_address] +1/202.458.5615 Washington DC Operations Analyst Montserrat Ganuza [email_address] +1/202.458.0142 Washington DC Operations Supervisor Makiko Toyoda [email_address] +387/33.251.556 Sarajevo, Bosnia and Herzegovina Trade Specialist—Eastern Europe Sabrina Borlini [email_address] +27/11.731.3133 Johannesburg, South Africa Trade Specialist—Africa Gboyega Songonuga [email_address] +1/202.458.5056 Washington DC Trade Specialist—Latin America Antonio Alves [email_address] +1/202.458.5697 Washington DC Head, Trade Operations H. Scott Stevenson [email_address] +1/202.473.5335 Washington DC Head, Marketing and Sales Bonnie Galat [email_address] +1/202.458.7518 Washington DC Principal Advisor Rogers LeBaron [email_address] +1/202.473.3175 Washington DC Senior Manager Georgina Baker Email Telephone Location Position Name

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