[经济学]Structured_Trade_Finance_in_Africa_Rwanda_Coffee_and_Tea_Case_Studies.pdfVIP

Structured Trade Finance - Presented by Introduction Gabriel Kivuti, WBI / ATI Consultant gabrielkivuti@ Agenda 1. Structured Trade Finance – an Introduction 1. Structured Trade Finance – an Introduction 2. Key issues in Structured approach… 2. Key issues in Structured approach… 3. Role of Export Credit Agency 3. Role of Export Credit Agency 4. Simulation – Coffee financing – Rwanda 4. Simulation – Coffee financing – Rwanda 2 Definition “Structured Trade Finance is the means through which capital solutions (both funded and non-funded) are provided outside the traditional fall back on securities – the focus shifts from the “strength” of the borrower to the underlying cash flow and structures that enhance safe financing” Credit Enhancement / Securitization Matching Client Needs to Solutions in a non – traditional yet safe manner… 3 Structured support… • Independent…(escrow agent…collateral manager…insurance). Not the client!! • Institutional (counter party risk assessment); • Relationship must be governed by clear agreements / covenants; • Enforceability; • Auditable; • Role / responsibility of parties must be clear • Laws (exclusive / non-exclusive) • Authority within the industry: • Chambers of Commerce; • Industry regulatory authority 4 Traditional Credit