FCIB Teleconference - Trade Finance in Crisis: Pressures Impacting Affordable Trade Finance

December 9, 2009 • 11:00am Eastern Time • Duration - 1 hour

Session Information

Speaker: David Gustin

The global contraction in international trade has been the result of both demand-side effects (eg. consumer and business deleveraging) and supply-side effects (through bank capital constraints curtailing liquidity and investment). At a time when corporates need their banks more than ever, banks struggle with traditional lending.

Bank intermediated trade finance (egs. letters of credit, bankers acceptances) is a small percentage of the overall Trade Credit market estimated at $13 trillion globally. Most trade credit is on the corporates balance sheet or is financed by short-term debt, not specific bank trade lines.

Only a limited number of companies have access to the commercial paper and debt markets. In addition, there has been a significant amount of hype (and confusion) about Supply Chain Finance programs in recent years – again a financing method available only to large creditworthy buyer and their key suppliers. It is clear that the world of middle-market lending is in a state of flux.

While world leaders have agreed to massively support trade finance, if most of it is on the corporate balance sheet, what good will that do?

Join David Gustin in this discussion, as he provides a clear perspective from both the corporate and banking worlds, and discusses the challenges ahead.

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FCIB members participate in this teleconference at no charge as a benefit of membership!

What Members Are Saying

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Nick Tiltman, FICM, CCE, Director of Credit Service - Tech Data Europe, United Kingdom

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